Futures firms comparator
Pick two prop firms and see them side by side: rules, plans, platforms, leverage, commissions and payouts, next to each one's discount.
- Field by field, side by side
- Only the differences in one click
- Link to the written comparison
47 differences
Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates
Suite 4.3.02, Block 4, Eurotowers, Gibraltar, GX11 1AA
United Arab Emirates
Gibraltar
2025
2023
Rise: $35
Standard programs use simulated accounts.
Top performers may be selected for a tailored Live Analyst plan.
Express to Live converts the CASH account to LIVE after reaching its CASH target and requesting the first payout through “Switch to Live”. Phidias states that the full path from signup to first payout and LIVE conversion can be completed in 48 hours on every E2L size. Fundamental and Premium may transition to LIVE after 5 payouts or $100,000 in cumulative profits, subject to the risk team’s discretion.
- 25k account: $1,100
- 50k account: $2,000
- 100k account: $3,000
Fundamental and Premium: up to $2,000 per cycle on 50K, $2,500 on 100K, and $2,750 on 150K. LIVE accounts originating from Express to Live have no maximum daily limit.
- Beginner and HYPER: $250
- Instant Pro Plus and Instant Flex: 1% of the starting balance
- Instant Pro Plus Max: $500 / $750 / $1,000 for 25K / 50K / 100K
$500.
Fundamental: every 10 qualifying trading days. Premium: every 5 qualifying days. LIVE from Express to Live: daily.
Phidias states that 90% of payouts are processed in under 30 minutes and all payouts within 24 hours.
Fundamental and Premium apply a 30% consistency rule on CASH accounts. A qualifying day must generate at least $150 on 50K, $200 on 100K, or $250 on 150K. Express to Live uses a separate bonus and automatic LIVE conversion system.
Round-trip commissions vary by instrument.
The official instrument table publishes the exact round-trip cost for each contract.
Booster Tokens can erase eligible losses and restore account progress.
Market-depth data and additional exchanges can be purchased from the member area.
Scaling is available on selected programs and account sizes.
The exact contract limits are shown in each challenge.
LIVE accounts may advance to ELITE after 60 days and a $125,000 balance, or MASTER after 120 days and $250,000. Transition remains subject to risk review.
- Beginner and Beginner Max: trailing End-of-Day drawdown
- HYPER Intra: intraday trailing drawdown
- HYPER Lite and HYPER Pro: trailing End-of-Day drawdown
- Instant Pro Plus and Instant Pro Plus Max: trailing End-of-Day drawdown
- Instant Flex: 4% intraday trailing drawdown; it moves to break-even after the first payout
Express to Live uses a static drawdown that never moves. Fundamental and Premium use trailing drawdown calculated at the end of the day; the limit remains fixed during the session.
- Beginner, HYPER and Instant Pro Plus: 90%
- Instant Pro Plus Max: 70%
Express to Live and Fundamental: 80%. Premium: 75% on the first payout, 80% on the second, 85% on the third, 90% on the fourth, and 100% from the fifth onward.
- Beginner: soft daily loss pause
- Beginner Max: hard daily loss breach
- HYPER Intra, Lite and Pro: no daily loss limit during evaluation or simulated funded phase
- Instant Pro Plus: soft daily loss pause
- Instant Pro Plus Max: hard daily loss breach
- Instant Flex: no daily loss limit
There is no daily loss limit on Express to Live, Fundamental, or Premium.
Beginner Max requires clearing a buffer before the first payout. The standard Beginner account has no buffer requirement.
A minimum threshold applies when requesting a payout, but withdrawals may reduce the balance to $50,100, $100,100, or $150,100. Phidias does not treat this as a locked buffer.
- Beginner Max: up to 10 accounts
- Instant Pro Plus Max: up to 10 accounts
- Standard programs, HYPER and Instant Flex: up to 3 accounts
Unlimited evaluation accounts. A trader may operate a LIVE account while pursuing a new evaluation. Simultaneous maximum: 5 Fundamental CASH, 5 Premium CASH, and 5 Express to Live CASH/LIVE accounts. The 10K Drawdown Summer Edition allows unlimited simultaneous entries, with only the trader’s best account counting on the leaderboard. Fundamental and Premium 150K accounts count as two slots in their category.
- Beginner Max: 30 days to pass the evaluation
- Beginner and HYPER: no evaluation time limit
Beginner and HYPER have no additional minimum trading days.
The profit targets and applicable consistency requirements must still be met.
Evaluation: 0 days on Express to Live, 3 on Fundamental, and 1 on Premium. CASH: 0 days for the Express to Live bonus, 10 qualifying days between payouts on Fundamental, and 5 on Premium.
No activation fee.
HTP is Hyperticks' internal loyalty coin for community rewards, services and discounts.
Phidias Wallet centralizes account subscriptions, bank or cryptocurrency withdrawals, purchases, activations, and LIVE-account funding directly from earnings. Phidias Points are an internal unit that cannot be transferred outside the ecosystem.
The number of qualifying days depends on the program and payout.
- Beginner: 5 winning days
- HYPER: 5 winning days
- Instant Pro Plus and Instant Pro Plus Max: 10 / 8 / 6 / 5 qualifying days from the first through fourth payout
- Instant Flex: 6 qualifying days
The required daily profit varies by program and account size.
On Fundamental and Premium CASH accounts, a qualifying day must close with at least $150 on 50K, $200 on 100K, or $250 on 150K.
- Beginner evaluation: contracts scale at 1:10.
- Beginner simulated funded: contracts scale at 1:5.
- HYPER: reduced contract limits apply in the funded phase.
Exact limits vary by program and account size.
On LIVE accounts, traders may request a contract-limit increase in writing. The risk team may approve, reject, or adjust the limit.
One-time purchase.
- No monthly subscription
- No activation fee on the current catalog
Fundamental and Premium allow unlimited evaluation resets. A failed subscription also resets with the next 30-day renewal. Express to Live does not allow resets. Premium CASH permits one funded-account reset.
The trader must remain actively involved. The following are prohibited:
- Fully automated bots
- External execution APIs
- External signal mirroring
Robots, fully automated algorithms, and HFT are prohibited. Semi-automated software is allowed when the trader actively monitors and manually adjusts every trade.
Hedging is prohibited on the same underlying within one account (including ES vs MES), between CASH accounts, and through coordinated opposite trades between traders; violations can close all involved accounts and lead to a ban. Multiple assets may be traded simultaneously, but the contract cap applies across all symbols; bypassing it can close the account without refund.
Hyperticks considers repeated trades that are normally held for under 15 seconds and target fewer than 5 ticks to be prohibited microscalping.
Scaling into positions is allowed within the program's contract limit. Splitting exposure across multiple instruments to bypass the applicable contract limit is prohibited.
DCA is allowed to smooth entry points, provided consistent risk management is maintained.
- Risk above 2% on a single trade idea is prohibited.
- The contract limits of each account and program also apply.
Phidias requires consistent position sizing and risk management. Lottery-style trading, excessive margin usage, or non-replicable patterns may lead to reduced contracts or account closure.
Allowed within the maximum account limits. Identical strategies exceeding the authorized allocation may result in account suspension.
- No new trades from 5 minutes before until 5 minutes after a Tier 1 release.
- Existing positions may remain open.
- Stop-loss and take-profit levels cannot be modified during that window.
- Beginner and Beginner Max evaluation: 35%
- Beginner and Beginner Max simulated funded: 40%
- HYPER Intra, Lite and Pro: no consistency rule
- Instant Pro Plus and Instant Pro Plus Max: no consistency rule
- Instant Flex: no consistency rule
There is no consistency rule during evaluation or on Express to Live. On Fundamental and Premium CASH accounts, no single day may represent more than 30% of total profit. It is calculated over at least 4 days.
Allowed only on Premium. Fundamental and Express to Live must close before the end of the session.
- Repeated microscalping
- Fully automated trading
- External signal mirroring
- Price-feed, latency or fill exploitation
- Simultaneous orders intended to manipulate queue priority
- Hedging correlated instruments
- Gambling or random trading
- Risking more than 2% on one trade idea
- Bypassing contract limits across instruments
Robots and fully automated trading; HFT; lottery-style or full-margin trades during high-volatility news; old or illiquid contracts; spreads between expirations; one-tick Treasury-bond arbitrage; exploitation of technical or market errors.
Allowed only on Premium. Fundamental and Express to Live must close before the end of the session.



















