Head-to-head comparison · 2026
Apex Trader Funding vs Phidias
Side-by-side on the metrics that actually matter: true cost to funded, drawdown type, profit split and payout speed.
Quick verdict
- Apex Trader Funding is $242 cheaper to get funded on a 50K account ($338 vs $580, activation fees included).
- Phidias uses end-of-day drawdown, which is more forgiving than Apex Trader Funding's intraday trailing drawdown. Open profit that you give back doesn't count against you.
- Apex Trader Funding has a consistency rule on the funded account, which can hold up payouts after a big day. Phidias doesn't. Rule: 50% on funded (PA).
- Phidias pays out faster (30 min average vs every 5 trading days).
- Phidias allows trading during news. Apex Trader Funding restricts it.
Market
Futures
Futures
Founded
2021
2024
Total cost to funded
Best$338
$580
Eval cost
$249
$580
Activation fee
$89
-
Pricing model
One-time
One-time
Challenge type
1-Step
1-Step
Drawdown type
Trailing
EOD
Max profit split
90%
90%
First profit
First $25K is 100%
80% to 90%
Payout speed
Every 5 trading days
30 min average
Max account
$300K
$300K
Consistency rule
50% on funded (PA)
None
News trading
Restricted
Allowed
Platforms
RithmicNinjaTraderTradingViewTradovate
TradingViewNinjaTrader
Strengths & watch-outs
Apex Trader Funding
Strengths
- Almost always on a big discount, often 80 to 90% off
- One-time fee, can pass in 1 day
- Up to 20 funded accounts at once
Watch-outs
- Intraday trailing drawdown on evaluation and funded
- No resets: a failed eval means buying a new one
- 50% consistency rule and a daily loss limit once funded
Phidias
Strengths
- No consistency rule, news trading allowed
- One payment, activation fee included
- Fast payouts, 30 minute average
Watch-outs
- High $580 list price, only good value with a code
- Higher $4,000 profit target, minimum 3 days to pass
- EOD trailing drawdown ($2,500)
🐨 Which should you choose?
Choose Apex Trader Funding if you want the lower cost to get funded.
Choose Phidias if you want a more forgiving drawdown, no consistency rule on payouts, faster payouts and news trading.
Written from our verified data for a 50K account, or the closest size a firm offers. Always check each firm's current terms before buying.
Figures are list prices for the 50K account (or the closest size a firm offers). Verify all details directly with each firm before purchasing. PropKoala may earn affiliate commissions. Trading involves substantial risk.