Head-to-head comparison · 2026
Phidias vs Topstep
Side-by-side on the metrics that actually matter: true cost to funded, drawdown type, profit split and payout speed.
Market
Futures
Futures
Founded
2024
2012
Total cost to funded
Best$164
$198
Eval cost
$164
$49
Activation fee
-
$149
Pricing model
One-time
Monthly sub
Challenge type
1-Step
1-Step
Drawdown type
EOD
EOD
Max profit split
90%
90%
First profit
80% to 90%
90/10 from day one
Payout speed
48h eval-to-payout
Weekly
Max account
Best$300K
$150K
Consistency rule
30% rule
40% rule
News trading
Allowed
Restricted
Platforms
TradingViewNinjaTrader
NinjaTraderTradovateTradingViewTopstepX
Strengths & watch-outs
Phidias
Strengths
- Very fast eval-to-payout
- Real-time compliance dashboard
- EOD drawdown
Watch-outs
- Tighter 30% consistency rule
- Newer firm (2024)
- Fewer platforms
Topstep
Strengths
- NFA-registered, owns its brokerage
- EOD drawdown is forgiving
- Established since 2012
Watch-outs
- No swing trading
- 40% consistency rule
- Payout caps per cycle
🐨 PropKoala verdict
Phidias is cheaper to get funded at $164 total. Both use EOD or static drawdown, a plus for both.
This verdict is generated from our verified data. Always check each firm's current terms before purchasing.
Figures are list prices for the 50K account, last updated Sep 2026. Verify all details directly with each firm before purchasing. PropKoala may earn affiliate commissions. Trading involves substantial risk.