Futures prop firms
Phidias review
Phidias exists on this list for one reason that no amount of discounting can copy: it lets you hold positions overnight and over the weekend. Almost every futures prop firm flattens you by the close. Phidias does not, on the right tier, which makes it the forced answer for swing traders who need to carry a position. Everything else about it is secondary to that.
I funded a Phidias account to confirm how the overnight permission and the tiered drawdown actually work. Checked 23 June 2026.
| 50K eval | ~$116 one-time |
|---|---|
| Model | 1-step, one-time |
| Drawdown | Static or EOD trailing (by tier) |
| 50K max loss | $2,500 |
| Profit split | 80/20 (Premium scales to 100%) |
| News | Allowed |
| Overnight | Premium only |
Pricing checked 2026-06-23 from the official pricing page.
Overnight holds, but only on Premium
The overnight and weekend permission is real, but it lives on the Premium (swing) accounts, not the standard tiers. That is the catch people miss: buy the wrong tier and you do not get the one feature you came for. If holding past the close is the whole reason you are here, you have to be on Premium, so check the tier before the code tempts you onto a cheaper standard account.
For a swing trader, this single rule can outweigh a better split or a cheaper eval elsewhere, because the alternative is no firm at all that lets you hold. That is why Phidias can lean on coupon traffic and stacked discounts: it owns a lane the others leave empty.
Drawdown, split, and the stackable codes
Drawdown depends on the tier: static on some, end-of-day trailing on others, around $2,500 on a 50K. Read the tier you are buying, because the drawdown style is not uniform the way it is at a firm like Tradeify. The split is 80/20 on standard accounts and scales toward 100 percent on Premium.
Phidias runs a stacking coupon model. Codes like NOW combine with the on-site promo to reach roughly 90 percent off the one-time eval, so the entry can be very cheap. The coupon page covers how the stack works and why a code sometimes has nothing left to stack onto.
Where it fits
overnight
The verdict
Phidias is the pick, often the only pick, when your strategy needs to hold overnight or over the weekend. Just make sure you are on a Premium swing account, because that is where the overnight permission lives and the standard tiers do not have it.
If you trade intraday and are flat by the close, you do not need what Phidias is selling, and a firm with a uniform drawdown and a simpler price will serve you better. For swing traders, it is the forced answer, and the stacked codes keep the entry cheap. The risk of loss is the same as anywhere, and holding overnight adds gap risk on top.
Compare Phidias
Head to head: vs Topstepvs Apex Trader Fundingvs TakeProfitTradervs MyFundedFuturesvs Tradeifyvs Earn2Tradevs Goat Funded Futuresvs Alpha Futuresvs Bulenox
Best for: Instant funding futures prop firmsFutures prop firms that allow overnight holdingBest futures prop firm for swing trading
See verified Phidias coupon codes (checked 2026-06-23)
FAQ
Does Phidias allow overnight trading?
Yes, but only on its Premium swing accounts, not the standard tiers. The overnight and weekend permission is the main reason traders choose Phidias, so buy the Premium tier if that is what you need.
What drawdown does Phidias use?
It depends on the tier: static on some accounts and end-of-day trailing on others, around $2,500 on a 50K. Read the specific tier you are buying, since the drawdown style is not uniform across plans.
What is the Phidias coupon code?
Stackable codes like NOW and PHIDIAS that combine with the on-site promo to reach roughly 90 percent off the one-time eval. Confirm the live combination at checkout, since the stack changes.
What is Phidias' profit split?
80/20 on standard accounts, scaling toward 100 percent on Premium. The Premium tier is also where the overnight and weekend holding permission lives.