Stay far away from this company! This is a complete scam and a fraudulent operation. I spent a lot of money with them and finally traded my way to over $1,000 in profits on my live account. The ve... See more
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See what reviewers are saying
Everything went smoothly. I get to choose between multiple platforms through different accounts. Assistance was always very fast and by humans, solved all my "problems" almost instantly. Premium... See more
Company replied
Huge waste of money all trading platform are very sketchy. They lag. They get pop ups and they crash in middle of trades first day in the prop I couldn't make a trade bc of platform issues second day... See more
Company replied
Excellent Support I've purchased few accounts with them without any issues before, however this one time I encountered an error and placed double order. I emailed support, and they responded quickly... See more
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Breach of guidelines
I was funded with a 25k static cash…
I was funded with a 25k static cash account. I traded CPI, was instant in profit with 2k and 0 drawdown, but phidias closed my account. I took the same exact trade with topstep without any problems.
Phidias support told me, that I violated their drawdown, but I have video and image proof, that's not true. So either their spread is terrible or they scam people. Either way it's not a prop firm I like to continue with.
12 March 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you for your feedback. We understand that losing an account can be frustrating and we appreciate you sharing your perspective with us. However, it is important to point out that Rithmic, our data provider, does not make errors in calculating drawdown.
If your account has been closed because the drawdown limit has been exceeded, this means that at some point your account balance or equity has reached the threshold - whether due to market fluctuations, spread or execution timing. While the rules and risk parameters vary from company to company, our system scrupulously respects the predefined reduction criteria, without exception.
Furthermore, it is not relevant to compare your experience with that of another company, as it is impossible to verify whether account parameters, execution conditions and loss limits were identical. Each company has its own risk management rules, and differences in execution, spreads or account structures can lead to varying results.
If you have any concerns about execution, we encourage you to consult your transaction log in Rithmic, which provides accurate and transparent data on order execution and account balance movements. Our support team is always available to review details and clarify any misunderstandings.
We wish you all the best in your trading journey.
Best regards,
The best prop firm imho
This is my 5th payment from the prop firm and the 1st from Phidias, so I'm able to compare. THE fastest one, THE smoothest one.
26 February 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you very much for your positive feedback! 🙏
The Phidias team wishes you every success in your trading!
The Phidias PropFirm team
Absolutely Unethical — Phidias Prop Firm Scammed Me Out of $34,000!
I feel compelled to share my terrible experience with Phidias Prop Firm to warn other traders. On February 20, 2025, I submitted a payout request for 17 CASH accounts, each valued at $2,000, totaling $34,000 USD. This was a legitimate payout following all the rules outlined by the firm.
I had been trading these accounts for three months — from inception to payout — carefully passing the evaluations without any issues. During this entire time, I received zero communication from Phidias indicating that I was in violation of any rules or that my trading activity was under any sort of scrutiny.
However, just 6-8 hours after submitting my payout request, when I tried to check the status, I discovered that I was completely locked out of the platform. My Rithmic account was blocked, and I had no access to my accounts or payout details.
I immediately reached out to their support on Discord, only to receive a canned, copy-paste response from "Flo│Staff Phidias":
“After a thorough analysis of your activity on our platform, we have identified practices that exploit a flaw in Rithmic’s simulated environment, thus distorting the results of the evaluations. It is clear that these practices do not respect the ethics and standards expected within Phidias PropFirm. As a result, we have taken the decision to permanently ban your account and cancel your access to our services. This decision is irrevocable.”
This message was clearly a copy-paste reply, previously sent by @Tony | Staff Phidias, so I asked for more clarification on the alleged violation. In response, I received this blunt message from "Flo│Staff Phidias":
“Everything has been said. You are using a technique designed to exploit and abuse the simulated environment. The decision made by the risk management team is final and cannot be changed. Therefore, you are no longer part of Phidias PropFirm.”
I have screenshots of the entire conversation to back up everything I’m saying here.
“Exploit a flaw in Rithmic's simulated environment”? Are you kidding me? I trade NQ — and I was not aware that NQ had an "exploit flaw in Rithmic’s simulated environment". I enter trades five minutes after the open — and that’s only if I even get a valid signal to enter. There’s no exploiting going on here, just straightforward trading following my strategy.
This was the first time I was ever made aware of any so-called "flaws" or violations. No warning, no chance to discuss, just a permanent ban and zero payout. Convenient timing, right?
What’s worse is that their "explanation" is vague and feels like an easy excuse to avoid paying out legitimate profits. If there’s a known flaw in Rithmic’s system, why is Phidias still using it for their evaluations? Why is Rithmic not addressing it? Oh yeah, because it does not exist. It feels like a trap designed to disqualify traders the moment they’re owed substantial payouts.
And here’s the real kicker — if Phidias genuinely believed there was a flaw in Rithmic’s system that traders could exploit, why are they still using it for their evaluations? Why not switch to a more "secure" platform or at least disclose this so-called flaw to traders? The answer is simple: because it’s easier to use this imaginary excuse to deny payouts when it suits them.
Phidias Prop Firm clearly does NOT value transparency or fairness. Instead of honoring their commitment, they pulled the plug when it was time to pay up. This is not just bad business — it’s straight-up fraudulent behavior.
To fellow traders: Stay FAR away from Phidias Prop Firm. If they can do this to me over $34,000 after months of trading and passing their evaluations, they can do it to anyone. There are far more reputable prop firms out there that don’t play games when it comes to paying their traders.
Phidias, do better. Or better yet, get out of this industry.
20 February 2025
Unprompted review
Reply from Phidias Propfirm
We take note of your opinion, but it's important to clarify a few points. You have used a strategy deliberately aimed at disrupting the simulated environment, a practice well known at Phidias PropFirm and strictly forbidden.
The only reason people like you will never receive a payout at Phidias is that we don't tolerate scams or attempts to unfairly exploit the system. Our experience with you has been just as unpleasant as yours with us.
We invite everyone to read this message: we take the same action in the event of abuse, and will terminate all collaboration with traders who do not respect our rules and constantly seek to exploit loopholes.
We would also like to point out that you have been trying to exploit our system every day for over a month, with as many accounts as possible, without a single day going by without an abuse attempt.
At Phidias PropFirm, we stand for a serious and fair approach to trading. Those who play by the rules have nothing to fear, but we'll never leave room for fraudulent behavior.
it is a scam of the worst sort
it is a scam of the worst sort. when they realise you are a profitable trader and after paying all the fees they just switch off your datafeed. and claim the problem on your side. they comme up any time they like with new rules
11 March 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
We are sorry to hear that you have had a negative experience with Phidias Propfirm. We are committed to providing a transparent and fair service to all our traders.
Regarding your feedback, we have no interest in disadvantaging our successful traders. If you have encountered a problem with your datafeed, we invite you to contact our technical support team immediately so that we can investigate the situation and provide you with a rapid solution.
We remain at your disposal for any clarification and hope to resolve this situation to your satisfaction.
The Phidias Propfirm team
Fantastic Prop Firm
Overall great experience with Phidias. Payout was very quick, withing 6 hours it was in the bank account, no questions, no issues. Some have expressed concern about DCA rules but I had no issues, of course I was not DCAing infinitely but being allowed to add 1-2 more contracts at a better price (specially if you're a Micro trader) should be no issue if you are a serious trader.
22 January 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you very much for your feedback.
The Phidias Propfirm team
Au top
Au top ! Support réactif, site simple mais fonctionnel, payout extrêmement rapides ! :)
21 January 2025
Unprompted review
Reply from Phidias Propfirm
Bonjour,
Merci beaucoup pour votre retour d'expérience.
L'équipe Phidias Propfirm
Received my payout within 24 hours of…
Received my payout within 24 hours of requesting. Smooth experience overall. Thank you Phidias!
20 January 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you very much for your feedback.
The Phidias Propfirm team
The staff was helpful and prompt in…
The staff was helpful and prompt in answering my questions. Even tho the firm recently changed their prop rules, they were still flexible and able to accommadate one of requests for future billing - essentially saved me money on recurring fees which is always nice. Thank you!
17 January 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you very much for your feedback.
The Phidias Propfirm team
You WILL get scammed by this prop firm
13 December 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
Your comment lacks sufficient detail to be constructive. If you have encountered a specific problem with our services, we invite you to share concrete elements. This will allow us to better understand your experience and intervene if necessary.
At Phidias Propfirm, we're committed to providing a fair and transparent experience for all our traders. Please do not hesitate to contact us directly with any questions you may have. We are available to clarify any misunderstandings.
I never breached any rule and I was up 170,000$, but…
I never received a cent. An insightful story about Phidias’ approach with profitable traders.
I write this message to you affiliates and leaders of communities, who have a responsibility towards your communities and followers. One thing Phidias are doing well is they are building trust with small traders by having a reactive customer support. All the leaders of communities I know however select prop firms based on whether they pay traders or not. Please email me at scamphidias at gmail.com and I will provide the proof of my experience so that you can make an informed decision.
Here is the chronology of what happened to me.
On 11 December, I had 20 CASH accounts and a total profit of 170k$. On that day I received an email to let me know I was going to be “transitioned” to a live account, and shortly afterwards my accounts were frozen.
On 17 December, we had a call to discuss the conditions of the live account. They said max drawdown would be 10k$. I replied they could even remove that 10k$ drawdown and take zero risk, since part of the balance of my CASH accounts would be used as margin. This is when Julien told me the balance actually resets at 0 in the live account. You can imagine my surprise. All traders expect prop firms to transfer the sim profits to the live accounts, and all other prop firms do. I said it must be a joke. This is when Julien said “It is not a joke, sim profits are not real money, they are made for you to prove that you have the skills to get funded”. In other words, I paid over 10k$ in fees, I passed 35 evaluations and made 170k$ in my CASH accounts, only to receive a proposal to receive zero profit and lose the 10k$. Had I deposited the 10k$ onto a reputable broker, I would have made about 20k$ in profit with the trades I entered in my Phidias accounts. Yet they propose to give me a margin of less than the fees I paid, and charge 20% of my future profits…
If like me you selected Phidias because of the 1M account, I am sorry to be the bearer of bad news. If you are profitable they will not allow you to trade that account as their counterparty. Instead you will be provided a very small live account. The 1M account is a marketing tool to attract unsuspecting customers.
Anyway lets get back to the chronology.
On 17 December, after our call Phidias confirm they will get back to me ASAP with 2 options for the live account.
On 20 December I make a request for withdrawals of 2,500$ per eligible account.
On 2 January, I email to notify them of their default to pay, and of their default to provide either sim accounts or live accounts since 11 December despite my fees having been paid in full.
I receive no reply to any of my emails, nor the promised live proposal.
On 8 January I receive an email stating they are disappointed not to have heard back from me on their proposal to transition to a live account. The email also states I shared confidential information which is why they end our relationship. I reply straight away to ask for details of what confidential information I shared, advising that in the event they do not reply I will have to acknowledge their intention was to scam. No reply.
I do not know whether they do not want to pay us profitable traders, or if they simply cannot afford it, but either way the result is the same and there cannot be any bigger red flag. During our call on 17 December they had already shown they never had any intention to pay me at any point. Since they do not provide any significant capital to their live traders, they might actually have less funds than you and me. Quite ironic.
I happen to have significant experience in legal proceedings in the UK and even though this case is too small to start proceedings, feel free to contact me via email if you have had a similar experience and we can assess whether action can be taken as a group.
Trading in itself is hard enough, we traders do not deserve these experiences, and you deserve to know who you are dealing with. Good luck to all
8 January 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you for your feedback, even though we believe it contains several inaccuracies. We'd like to respond transparently to clarify a few points.
Your alleged earnings
Contrary to your assertion, you never had $170,000 in actual earnings. You were entitled to a maximum withdrawal of $25,000 from your CASH accounts, according to the terms and conditions clearly stipulated in our contracts and policies. These rules are identical for all our traders and are publicly available before any subscription.
Transition rules to a real account
As stated in our discussions, profits generated in simulation (CASH accounts) are not real money. CASH accounts are used to demonstrate your skills before you are funded on a real account. This rule is clear from the outset, and we've taken the time to explain it to you in detail.
Your accusations of non-response
We firmly refute your claim that we have not responded to your messages. We have been in constant and documented communication with you, including explaining our process and proposing a transition to a live account. You have chosen not to proceed with this proposal.
Confidentiality and termination of the relationship
The termination of our relationship follows a serious breach by you of our confidentiality obligations. This breach constitutes a violation of our terms and conditions, which you have accepted by subscribing to our services.
We understand that some of our rules may not meet your expectations, but they are designed to ensure a fair and consistent experience for all our traders. We remain available for any further questions or requests, but we cannot tolerate unfounded accusations or distortions of reality.
We wish you all the best for the rest of your journey.
SCAM
SCAM! Do not trade with them
I got my accounts cancelled for no reason
Please do yourself a favor and trade with others prop firms...
12 January 2025
Unprompted review
Reply from Phidias Propfirm
Hello,
We're sorry to read about your dissatisfaction and would like to clarify the situation. At Phidias, we apply the same rules to all our traders, without exception. Accounts are cancelled only when there is a clear violation of our rules or terms and conditions, which are available and transparent upon registration.
If you feel that a mistake has been made, or if you would like to discuss the specific reasons for the cancellation of your accounts, we invite you to contact us directly via our customer support. We will be happy to review your case with you to clarify any misunderstandings.
We remain available to answer any questions you may have and look forward to clarifying this situation.
Yours sincerely
The Phidias team
Reply from Phidias Propfirm
Hello,
Thank you very much for your feedback.
The Phidias Propfirm team
Pure SCAM
Pure SCAM, you will never get any money from PHIDIAS. Positive comments are mostly fake. At the first payout they will accuse you of DCA or other rule violations and you will never get a payout. My first payout was denied. I am not stupid, I can read trading rules and I know what DCA is. Every day there was one trade on my account, without a buy-in, so where is the DCA. Here in the comments about this company I found out that it is their common practice - to accuse of DCA so that they have a reason not to pay a payout. They are liars.
22 December 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you for taking the time to share your experience. We are sorry to hear that you are dissatisfied with our service, and we would like to address your concerns in a transparent manner.
At Phidias PropFirm, we apply clear and defined rules to ensure a fair environment for all our traders. However, we understand that a refusal to pay or an accusation of a rule violation can be frustrating, especially if you feel it is unjustified.
Here are a few points we would like to clarify:
DCA accusation: All trading account checks are carried out based on the data collected.
Transparent practices: We do not practice arbitrary blocking and every action, including refusal of payment, is based on account data.
Positive feedback: We value our customers' opinions, whether positive or negative, because they help us to improve. Our reviews are genuine and reflect the varied experiences of our community.
We sincerely regret that your first experience did not live up to your expectations. We are available to support you and provide you with all the information you need to clarify your situation. We look forward to restoring your confidence in our company.
Yours faithfully
The Phidias PropFirm team
Denied payout
Initially I have written a positive review after my first payout. but unfortunately, and as often with the new prop firms the honeymoon is over.
Today I’ve been denied a payout due to supposedly a DCA.
I’ve sent the support team a detailed log of all my trades, and other than a slippage of 3 to 10 seconds there is absolutely no DCA. Since I trade micro MNQ I enter 30 to 50 micros, the entry prices is usually not the same, but the entry time is the exact same. DCA by definition is time based meaning you add to your position after some time when the price is going against you. Which is not my case at all
The support team refuse to explain or debate, they closed my accounts.
What they are doing has already happened many times with other firms. And it goes like this: they run a massive 80% discount, so people buy lot of accounts and then followed by mass denials because of a rule that is not clear
My advice is stay away because they have nothing special after all.
20 December 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
We thank you for your detailed feedback and are sorry to hear of your dissatisfaction. Your experience and perception of our services is important to us, and we want to address your concerns in a transparent and constructive manner.
On the refusal of payment and the DCA accusation:
Clarification of the rules: We understand your frustration and recognize that clear communication is essential. DCA, as defined in our terms and conditions, is based on specific criteria, including multiple entries and the context of each transaction. We regret that this rule may have been perceived as unclear, and we take note of your feedback to improve our communication.
Analysis of your situation: All trading account verifications are carried out according to the data collected.
Concerning promotions and the perception of our practices:
We regularly run special offers to make our services accessible to a wider community of traders. These promotions are in no way intended to generate unjustified rejections, and each case is handled in accordance with our policies.
Our commitment:
We regret that you do not perceive our service as living up to your expectations. Your experience highlights important areas where we must continue to improve, and we thank you for that.
Yours sincerely
The Phidias PropFirm team
such a bad experience with this prop…
such a bad experience with this prop firm i thought lets try a different prop firm they have a good offering compared to other props but this seems like scheme to attract as many customers and then rug pull like FTT and more recently profitrade.
I do not see this company here for the long term.
Funded accounts cancelled BS reason given.
Take your hard earned cash elsewhere.
7 December 2024
Reply from Phidias Propfirm
Hello,
We are sorry to read your review and understand your concerns. At Phidias PropFirm, our priority is to build lasting relationships of trust with our customers, and we deeply regret that your experience did not meet your expectations.
On the cancellation of your accounts:
We would like to make it clear that account cancellations are never done without reason. It is usually the result of specific violations of the rules or terms and conditions agreed to at the time of registration. However, we understand that you may feel a lack of clarity.
Our commitment to the long term:
We understand that past events in the industry may cause concern. However, we are committed to maintaining transparent practices and providing a solid service for our traders, focusing on a relationship of trust and mutual respect.
What we offer:
We are available to review your case and discuss your concerns in order to answer your questions in detail. We also want to learn from your experience so that we can continue to improve our service.
We sincerely hope that you will give us the opportunity to regain your trust. Your satisfaction is important to us, and we want to make sure you have all the information you need.
Yours sincerely
The Phidias PropFirm team
Just a week before payout and lo and…
Just a week before payout and lo and behold my accounts have been cancelled. i was over the 10 day threshold to submit my request this coming payout which starts on the 20th December.
Apparently i was trading news even though there was NO red folder news on the day i was trading.
Opened a support ticket with no response.
This prop firm is heading in the same direction as fast tracking trading honestly everyone should pull their money before its too LATE
13 December 2024
Reply from Phidias Propfirm
Hello,
Thank you for sharing your feedback. We understand that you are frustrated by this situation and would like to clarify the points raised.
On trading during economic announcements:
We apply specific rules regarding trading during major economic announcements to ensure optimal risk management.
On unanswered support ticket:
We apologize for any delay in our response. Our support team works to respond to all requests as quickly as possible. We assure you that your ticket will be treated with the necessary attention.
Our commitment:
We understand your concerns and take your feedback very seriously. Our aim is to build a relationship of trust and provide a fair service to our traders. If any misunderstandings or errors have occurred, we aim to rectify them quickly.
We thank you for your patience and hope that we can resolve this situation to restore your trust.
Yours faithfully
The Phidias PropFirm team
SCAM COMPANY YOU MUST BE AWARE
SCAM COMPANY YOU MUST BE AWARE
recently had all my funded accounts (5) cancelled for no reason when asked what was the issue.
Replied with the most vaguest response ever and that did not even resolve the issue. out of all days before payout request they pulled this maneuver what am i suppose to expect from this??!!!
13 December 2024
Reply from Phidias Propfirm
Hello,
We are sorry to hear of your dissatisfaction and thank you for taking the time to share your experience. We understand that closing your accounts may have been frustrating, and we would like to address your concerns in a transparent manner.
On the cancellation of your accounts:
We would like to clarify that cancellation of funded accounts is only done in case of violation of the rules or terms and conditions agreed upon during registration.
On communication:
We regret that our response was perceived as vague. We strive to respond to all requests with clarity and transparency, but recognize that this has not been your experience. Your feedback helps us to improve our practices to better support our customers.
Our commitment:
At Phidias PropFirm, we are committed to building a relationship of trust with our traders. If you have any unresolved questions or concerns, we are available to assist you and provide you with the necessary information.
We hope you will give us the opportunity to restore your confidence in our service.
Yours faithfully
The Phidias PropFirm team
Waste Of Time
Nice Website but the company has issues- First I had issues with Quantower filling my orders with a negative $300-1900 lost from order inception- I lost all my accounts - NO BIGGIE- then my 3 10k challenges have disappeared from my dashboard and I was up almost 100k-waste of money and time.
Either way IM OUT ! Just a warning! Also can’t even send support a ticket NO RESPONSE.
Better options out there.
Maybe they’re legit but my experience with them was as worse as it can get.
17 December 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
We're very sorry to hear that your experience with Phidias PropFirm was unsatisfactory. Your feedback is important to us, and we would like to address your concerns in a clear and constructive manner.
On problems with Quantower:
We understand that technical issues, such as those you mention, can be frustrating. Although Quantower is a third-party platform we use for its proven performance.
On the missing challenges:
We sincerely regret that your challenges have disappeared from your dashboard. This could be the result of a technical problem or an unidentified rule violation. If you have proof of your results, we encourage you to send it to us so that we can investigate and clarify the situation.
On the lack of response from support:
We apologize for any delay in our communication. We aim to respond to all queries promptly, and it is regrettable that you were unable to get a response in your case. We are constantly strengthening our customer service to better serve our traders.
Our commitment:
Although your experience was not positive, we strive to improve by listening to our customers' feedback. We are available to discuss your situation further and explore how we can rectify any areas that have disappointed you.
We hope that you will be able to reconsider your opinion in the future and that we will have the opportunity to regain your trust.
Yours faithfully
The Phidias PropFirm team
Guys guys please don't trade with the…
Guys guys please don't trade with this prop firm. They just cancelled my 10 funded accounts saying that I was trading the news though there has been no news today. They will find an excuse not to pay especially if you have multiple accounts and you are close to payout. I have 10 account with more than 3k each and was planning to make a payout this week. So please fellow traders don't trade with them. They will just take your money and I am talking right now to my bank to cash back all my fees with them also Iam warning other traders in different discords. It is not a trusted company and if anyone of you need a proof just email me and I will send you video recording and screenshot of my accounts.
12 December 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
We're sorry to hear that your experience with Phidias PropFirm was unsatisfactory. Your feedback is important to us, and we would like to address your concerns in a transparent and constructive manner.
On managing your accounts:
We understand your frustration with your accounts. Managing multiple accounts can sometimes lead to errors or misunderstandings related to our rules.
On expense reimbursement:
We respect the rules of transparency regarding payments and fees associated with our services. If you wish to discuss your transactions, we are ready to assist and work with you to resolve any issues.
On trust and our commitments:
We deeply regret that your experience has led to such a perception of our company. Phidias PropFirm strives to maintain fair and transparent practices. Your feedback highlights areas where we must continue to work to regain the trust of our traders.
We hope you will give us the opportunity to clarify any misunderstandings and resolve your concerns. We remain available to discuss your concerns and provide you with the necessary information.
Yours faithfully
The Phidias PropFirm team
So far so good
I'm funded with his firm, had some technical issues but those were quickly solved by the team (they are both efficace and knowledgeable) and right now I'm waiting to get to payout and I will ofcourse update soon after that.
I really like their model of business - rules are clear and simple.
12 November 2024
Unprompted review
Reply from Phidias Propfirm
Hello,
Thank you very much for your feedback.
The Phidias Propfirm team
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