 Scorpia criticized "Phantasie II" for not changing its predecessor's "infamous Distribution and Selling rigamarole", including a bug with the handling of money.The magazine concluded, "Although flawed in certain aspects, "Phantasie II" is an interesting, and overall good, game of the RPG type" and recommended it to fans of the first game.Reviewing the Atari ST version, "Antic" in 1987 liked the lack of disk-based copy protection and permadeath.