Your comparison
Phidias Propfirm vs Traders Launch: price, cost to get funded and rules side by side. Pick an account size to compare like for like.
Key numbers at 100K
| Value | Phidias Propfirm | Traders Launch |
|---|---|---|
| Evaluation price | $88/mo with code PROPFIRMVS: $35.20/mo | No 25K account |
| Activation fee | $83 | No 25K account |
| Cost to get funded | $259 (2 months + activation, list price) | No 25K account |
| Profit target | $1,500 | No 25K account |
| Max drawdown | $500 | No 25K account |
| Drawdown type | Static balance | No 25K account |
| Daily loss limit | None | No 25K account |
| Consistency (evaluation) | None | No 25K account |
| Max contracts | 2 | No 25K account |
| Contracts when funded (start) | Unverified | No 25K account |
| Reset fee | Unverified | No 25K account |
| Plan | 25K Express to Live | <span class="muted">No 25K account</span> |
| Evaluation price | $164/mo with code PROPFIRMVS: $65.60/mo | No 50K account |
| Activation fee | $149 | No 50K account |
| Cost to get funded | $477 (2 months + activation, list price) | No 50K account |
| Profit target | $4,000 | No 50K account |
| Max drawdown | $2,500 | No 50K account |
| Drawdown type | Trailing end-of-day | No 50K account |
| Daily loss limit | None | No 50K account |
| Consistency (evaluation) | None | No 50K account |
| Max contracts | 10 | No 50K account |
| Contracts when funded (start) | Unverified | No 50K account |
| Reset fee | Unverified | No 50K account |
| Plan | 50K Fundamental | <span class="muted">No 50K account</span> |
| Evaluation price | $273/mo with code PROPFIRMVS: $109.20/mo | $99 |
| Activation fee | $149 | None |
| Cost to get funded | $695 (2 months + activation, list price) | $99 (eval + activation, list price) |
| Profit target | $6,000 | $2,000 |
| Max drawdown | $3,000 | $1,000 |
| Drawdown type | Trailing end-of-day | Trailing end-of-day |
| Daily loss limit | None | Unverified |
| Consistency (evaluation) | None | 40% |
| Max contracts | 14 | Unverified |
| Contracts when funded (start) | Unverified | Unverified |
| Reset fee | Unverified | Unverified |
| Plan | 100K Fundamental | Legacy NYC 100K (80% split) |
| Evaluation price | $398/mo with code PROPFIRMVS: $159.20/mo | No 150K account |
| Activation fee | $169 | No 150K account |
| Cost to get funded | $965 (2 months + activation, list price) | No 150K account |
| Profit target | $4,500 | No 150K account |
| Max drawdown | $1,000 | No 150K account |
| Drawdown type | Static balance | No 150K account |
| Daily loss limit | None | No 150K account |
| Consistency (evaluation) | None | No 150K account |
| Max contracts | 9 | No 150K account |
| Contracts when funded (start) | Unverified | No 150K account |
| Reset fee | Unverified | No 150K account |
| Plan | 150K Express to Live | <span class="muted">No 150K account</span> |
| Evaluation price | No 200K account | $149 |
| Activation fee | No 200K account | None |
| Cost to get funded | No 200K account | $149 (eval + activation, list price) |
| Profit target | No 200K account | $3,000 |
| Max drawdown | No 200K account | $1,000 |
| Drawdown type | No 200K account | Trailing end-of-day |
| Daily loss limit | No 200K account | Unverified |
| Consistency (evaluation) | No 200K account | 40% |
| Max contracts | No 200K account | 1 |
| Contracts when funded (start) | No 200K account | Unverified |
| Reset fee | No 200K account | Unverified |
| Plan | <span class="muted">No 200K account</span> | Legacy NYC 200K (80% split) |
| Evaluation price | No 300K account | $279 |
| Activation fee | No 300K account | None |
| Cost to get funded | No 300K account | $279 (eval + activation, list price) |
| Profit target | No 300K account | $5,000 |
| Max drawdown | No 300K account | $2,000 |
| Drawdown type | No 300K account | Trailing end-of-day |
| Daily loss limit | No 300K account | Unverified |
| Consistency (evaluation) | No 300K account | 40% |
| Max contracts | No 300K account | 2 |
| Contracts when funded (start) | No 300K account | Unverified |
| Reset fee | No 300K account | Unverified |
| Plan | <span class="muted">No 300K account</span> | Legacy NYC 300K (80% split) |
Cost to get funded = evaluation fee (two months for monthly subscriptions) + activation fee; it assumes you pass on the first attempt and excludes data fees and resets.
Price, target and drawdown by account size
| Size | Phidias Propfirm | Traders Launch |
|---|---|---|
| 25K | $88/mo with code PROPFIRMVS: $35.20/mo Target $1,500 · Max DD $500 | – |
| 50K | $164/mo with code PROPFIRMVS: $65.60/mo Target $4,000 · Max DD $2,500 | – |
| 100K | $273/mo with code PROPFIRMVS: $109.20/mo Target $6,000 · Max DD $3,000 | $99 Target $2,000 · Max DD $1,000 |
| 150K | $398/mo with code PROPFIRMVS: $159.20/mo Target $4,500 · Max DD $1,000 | – |
| 200K | – | $149 Target $3,000 · Max DD $1,000 |
| 300K | – | $279 Target $5,000 · Max DD $2,000 |
Rules side by side
| Rule | Phidias Propfirm PropFirmVS code from the firm · No end date publishedGet deal | Traders Launch |
|---|---|---|
| Drawdown modelⓘ | Trailing end-of-day | Trailing end-of-day |
| Profit splitⓘ | Progressive 75% -> 80% -> 85% -> 90% -> 100% from 5th payout | 80% |
| Payoutsⓘ | Every 5 days | Daily payout requests when eligible |
| Consistency ruleⓘ | None in the evaluation | 40% best-day cap |
| Consistency when funded | None | None |
| Daily loss limitⓘ | None | Unverified |
| Daily loss breach | No daily loss limit | Unverified |
| Drawdown lock | Unverified | Locks at the start balance (eval + funded) |
| News tradingⓘ | Allowed | Unverified |
| News window when funded | No restriction | Unverified |
| Weekend holdingⓘ | Allowed | Unverified |
| Overnight holdingⓘ | Allowed | Unverified |
| Automation / EAs | Restricted | Unverified |
| Challenge steps | 1-step | 1-step |
| Evaluation time limit | Unverified | 60 days |
| Hedging | Restricted | Not allowed |
| Copy trading | Restricted | Unverified |
| Scalping | Allowed | Allowed |
| Martingale | Unverified | Restricted |
| Accounts you may hold | 5 | 5 |
| Min. trading daysⓘ | 3 days | 3 days |
| Activation / PA feeⓘ | $83–$169 by size | None |
| Commission per round turn | ES $4.40 · MES $1.58 | Unverified |
| Data feed feeⓘ | Included | Unverified |
| Reset feeⓘ | Varies / unverified | Varies / unverified |
| Fee refund | No | No |
| First payout after | Unverified | Unverified |
| Payout methods | Rise | Unverified |
| Max payouts | 1, then E2L: Switch to Live after hitting target on CASH… | Unverified |
| Funded account | Simulated, then live | Unverified |
| Payout bufferⓘ | Fundamental/Premium: min withdrawal $500, balance after withdrawal cannot fall below… | A buffer account opens automatically after passing |
| Contract scalingⓘ | Fixed per size: E2L 2/5/7/9 minis | Premium start size 2 mini/20 micro |
| Headquarters | Gibraltar | United States |
| Founded | 2023 | Unverified |
| Platforms | Rithmic, Tradovate, NinjaTrader, TradingView, DeepCharts | Quantower, TradingView, Volumetrica |
| Entry price | from $35.20 / month | from $99 |
| Promo code | PROPFIRMVS (60% off) | None known |
| Rules auto-checked | 2026-10-09 | 2026-10-18 |
Highlighted rows differ between firms. Green = trader-friendly, red = restrictive, “Unverified” = we could not confirm it from the firm’s public rules.