Apex Trader Funding vs Phidias

Two futures props, one decision. Here’s how Apex Trader Funding and Phidias compare on the things that cost you money.

Side by side

Metric	Apex Trader Funding	Phidias
Cheapest entry (true cost)	$348	$297
Profit split	100% first $25K, then 90%	80% → 90% (Premium 75%→100%)
Drawdown type	EOD or Intraday (choice)	Static (E2L) or EOD trailing
Max drawdown	Trailing or EOD (by size)	3%–5% (by size)
Payout frequency	Every 8+ trading days · 6 payouts then 100%	On-demand (Wallet); ~5–10 days
Days to payout	8 trading days · 5–11 day processing	10 days (Fundamental) · 5 (Premium) · Live daily
Min payout	$500 (all sizes)	$500

Our take: Phidias is the cheaper way in. Match the drawdown model to how you actually trade and you're set.

Largest trader base in futures. EOD or intraday drawdown choice.

Static drawdown on $25K. Gibraltar-registered. Polarized reviews.

Compare more in the comparison tool or the true-cost hub.

Is Apex Trader Funding or Phidias cheaper?

On cheapest true-cost entry, Phidias comes in lower. See the table for exact figures.

Which is better, Apex Trader Funding or Phidias?

It depends on your asset class and drawdown tolerance. The comparison above lays out cost, drawdown and payouts so you decide on facts.

Compared 2026-06-09. Verify current terms on each firm’s site.