THE PHIDIAS PROPFIRM RULES

1. Foreword

At Phidias Propfirm, we firmly believe in your autonomy when it comes to trading. Your trading style is an expression of your personality and your strategy, and we are here to support you without hindrance. Whether you prefer scalping, intraday or swing trading, you have carte blanche as long as your trading is legitimate, in phase with market conditions, and we can replicate your trades on our corporate accounts. You can trade a wide range of instruments and assets, from Forex to Indices, commodities, rates, and Cryptocurrencies. You will find a complete list of available symbols in section 13 below. At Phidias Propfirm, we offer you complete freedom, and as long as you respect the rules, we are delighted to see you prosper with us.

We encourage all our traders to avoid gambling practices unrelated to trading. In case of intentional or repetitive non-conforming behavior on one or more accounts, we reserve the right to take measures to reduce risks, ranging from removing conflicting positions to rebalancing the account, reducing contracts or closing the account completely and terminating our cooperation. We encourage our traders to trade conscientiously and demonstrate their advantage in the markets with consistency. Your success is our success, and we look forward to accompanying you on your trading journey.

2. How Phidias Propfirm Works

We bear the risk and share the profits. Trading with Phidias Propfirm is as simple as it gets:

Registration:
Register on our platform and choose a subscription via our registration form. You can buy your evaluation pack using any credit/debit card.

Platform Connection:
Download and install Rtrader Pro, then download and install your preferred trading platform.
Here is the complete list of third-party trading platforms supported by Phidias Propfirm. (Partner Platforms)

Evaluation Phase:
At this stage, you trade according to your strategies, following the Phidias Propfirm guidelines defined in the evaluation plan you have chosen.

Become a Phidias CASH trader:
Once your evaluation account is validated and you have met the requirements, you can start earning money by trading on our Phidias-CASH accounts.

3. General Rules

Choose your account size: You choose and purchase the account size that best fits your goals and trading style.

Subsequently, the monthly subscription is recurring as long as the account is not validated or canceled. These fees cover access to data feeds and a number of our tools and services.

Start the evaluation account: Once registered and you have paid the subscription, we will send you an explanatory email. You can start your evaluation account via the trading platform of your choice (which supports the data feeds provided by RITHMIC). This is your first step towards live trading. (Connection guides here)

Reach the profit target without breaking any rules: The main objective is to make profits while respecting our trading rules. Keep an eye on your maximum authorized loss, as this criterion is one of the most important for success. (See EOD rules section 4)

If, unfortunately, a rule is not respected during the evaluation, don’t worry. You have the option to start a new evaluation by purchasing a reset or waiting 30 days after purchase for automatic account reset (reset only in case of evaluation failure).

When you have successfully passed your evaluation account after the minimum 3 trading days, you will be eligible to obtain your Phidias CASH account. From this point on, there is no need to send us an email or open a support ticket. As soon as you pay the activation fees and sign your CASH contract, the account is created automatically.

4. End of Day (EOD) Rules

During the evaluation phase at Phidias Propfirm, we carefully monitor your performance and apply risk management mechanisms to help you succeed as a trader. Here’s how we manage authorized drawdown and trailing end of day to offer you the best possible trading experience:

Authorized Drawdown Management: Your authorized drawdown is calculated at the end of each trading day, and this calculation does not change during the day. However, if your balance reaches and exceeds the value of your drawdown limit, you will be liquidated. You can track your results at any time using your trading dashboard on Rtrader Pro (Account Balance column). When your account balance reaches a new profit peak at the end of the trading day, the drawdown is calculated taking into account only the profits realized at that time, excluding the unrealized profits you might have made throughout the day.

Trailing End of Day: Trailing end of day involves automatically adjusting the daily stop-loss level as your capital moves upward. The daily stop-loss level is adjusted at the end of each trading session, which ends at 10:00 PM UTC+2. For example, if your starting capital is $50,000, you will be entitled to a stop-loss of $2,500 for the day. You cannot go below $47,500 in capital, or you will be liquidated. If you end the day at +$500 profit, your stop-loss will be automatically adjusted to -$2,500 against your new balance at the end of the day, bringing your liquidation price to $48,000 instead of $47,500. This process repeats if you continue to make gains on subsequent days.

On evaluation accounts, the EOD Drawdown always persists until the end of the evaluation, meaning that for a 50K account you will always have a maximum of $2,500 authorized losses and for a 100K account you will always have a maximum of $3,000 authorized losses.

For funded accounts, your EOD Drawdown stops at $50,100 for a 50K account and at $100,100 for a 100K account. This means that when the EOD Drawdown reaches these limits, it will no longer follow if you continue to make gains on your accounts.

Note: Your liquidation price remains fixed for the day if your liquidation amount is $47,500 at the start of the day. Regardless of the gains made during the day, you will only be liquidated when your capital reaches this $47,500 limit. For example, if you start your day with a capital of $50,000 and your account liquidation value is $47,500, even if you make $1,000 profit in the morning, your EOD stop loss for the day will remain set at $47,500. This allows you a maximum loss of $3,500 for the rest of the day.

At Phidias Propfirm, we implement these mechanisms to help you manage risks while offering an opportunity for growth as a trader. Our goal is to support you in your trading journey.

5. Country Restrictions and At-Risk Person Regulations

Commitment to Integrity and Regulatory Compliance:

At Phidias Propfirm, our commitment to integrity and regulatory compliance is at the heart of all our trading activities. We take pride in ensuring that our trading services comply with applicable regulations, both domestic and international. However, due to various regulations and legal considerations, we regret to inform you that we are currently unable to offer our trading services in certain countries. It is essential to note that this list of countries is not exhaustive and is subject to changes at any time, whether at the request of regulators or at our own discretion. We make every effort to comply with regulatory requirements in each jurisdiction, which may result in adjustments to our list of service countries. We are aware of the importance of providing safe and compliant trading services, and we continue to work closely with regulatory authorities to maintain these high standards. We thank you for your understanding and cooperation. If you have specific questions regarding the availability of our services in your country, we invite you to contact us for additional information. We remain committed to providing you with the best trading opportunities in compliance with applicable laws and regulations.

At Phidias PropFirm, we place great importance on regulatory compliance and the highest safety standards to protect our traders and our operations. However, there are various reasons why some countries are not currently eligible for our service, including:

1. Sanctions and Embargos: Certain countries are subject to international sanctions or embargos that restrict or prohibit international financial transactions. As a result, we are unable to offer our services in these regions.

2. Management Capacity: In some countries, our partners, brokers, technical support companies or data providers are unable or unwilling to open real accounts. This could hamper our ability to serve our traders effectively, as access to trading funds would be limited.

3. Fraud Risk: We attach great importance to security and fraud prevention. Some countries historically present a higher level of fraud risk, including credit card fraud, identity theft, hacking, chargebacks, online scams and other types of financial fraud. We need to take steps to protect our traders and our business.

4. Services: Our commitment to our traders includes providing high-quality services. This can sometimes be hampered by language barriers, lack of effective communication and the absence of service representatives who speak the local language. We are actively working to expand our service and training resources in different languages, to better serve our traders in the future.

5. People on sanctions lists, people with criminal records related to financial crime or terrorism, and people previously banned due to breach of contract.

We understand that these geographic and people restrictions can be disappointing, but they are put in place to ensure the security, compliance and quality of our services. We are constantly committed to improving our offerings and expanding our reach, with the hope of being able to serve more countries in the future. If you have any questions or need more information, please do not hesitate to contact us. We thank you for your understanding and interest in Phidias Propfirm.

List of Restricted Countries

6. Withdrawal Requests and Trading Days per Withdrawal

At Phidias Propfirm, we understand the importance of financial flexibility for our traders. Here’s how payments work on your Phidias-CASH account:

Minimum Withdrawal: You can request a withdrawal after a period of 10 trading days, provided that your account reaches or exceeds the minimum threshold. The minimum authorized withdrawal is $500.

Withdrawal requests must be made between the 20th and 25th of each month for end-of-month payment.

Account Minimum Thresholds: Account minimum thresholds vary depending on the size of your account. Here are the current minimum thresholds:

• $50,000 account – $52,600 ($2,600)
• $100,000 account – $103,700 ($3,700)
• $150,000 account – $154,500 ($4,500)
• 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules section 18. 10K DRAWDOWN Account Rules)

If your balance falls below the account’s minimum threshold, this is not in itself a fault, but you will have to reach the account’s minimum threshold again before you can make a withdrawal request.

Account Balance After Withdrawal:

The account balance after withdrawal can never be below:

• $50,100 for a 50K Swing or Fundamental account
• $100,100 for a 100K Swing or Fundamental account
• $150,100 for a 150K Swing or Fundamental account
• 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules section 18. 10K DRAWDOWN Account Rules)

All withdrawal requests that do not comply with the minimum account balance rules will be refused by Phidias Propfirm.

Processing Fees:

When a withdrawal is initiated and processed, Phidias Propfirm will deduct a 20% commission from the withdrawal amount, while the remaining 80% will be credited to your RISEWORKS account.

For a payment request with Phidias Propfirm, certain conditions must be met. You are required to have made actual trades for a minimum of 10 (ten) separate and individual trading days, in accordance with our guidelines, before being eligible to make your first payment request. Additionally, for the first 3 withdrawal requests, each request also requires a minimum of 10 (ten) separate trading days between them. It is important to note that these 10 active trading days extend from one request to the next and are not linked to the approval dates of previous requests, when funds were deducted from the trading account, or when payments were sent or received. In other words, a minimum of 10 separate trading days must be respected between each withdrawal request, whether it was approved or refused.

A trading day is counted only if it shows a positive PnL of at least: $150 for a 50k account, $200 for a 100k account, and $250 for a 150k account.

Please note that our system only considers a trading day as complete after market close and at the start of the 11th day. For example, if today is your 10th trading day, you will not be able to submit a withdrawal request until the close and update of that 10th day. It is important to understand that our system is automated, and no exceptions can be made outside these rules. If you fail to meet a deadline, your payment request will be carried over to the next payment request period, where it will be processed.

To check the number of trading days you have accumulated, you can consult your Phidias Client Dashboard. If you have not yet reached the minimum number of trading days required, you will have to wait to make your request.

The minimum withdrawal amount is $500. In addition, a minimum required balance must be maintained after payment when you are on CASH accounts. These maximum payment amounts are detailed below. It should be noted that each withdrawal is counted as a “withdrawal”. These maximum limits remain in force until the trader is in a LIVE account.

When you receive income from Phidias Propfirm, you are treated as a sole trader. You must keep your address up to date with us to receive your funds, and your payment information must match your registration information (same legal or natural person, and same address).

A maximum withdrawal amount is set according to the size of your CASH account. You are authorized to make a withdrawal request once per month, provided you meet the minimum balance requirements and wait at least 10 trading days between each request.

The maximum withdrawal amount for each payment period depends on the size of your account:

• $50,000 account: You can withdraw up to $2,000 per payment period.
• $100,000 account: You can withdraw up to $2,500 per payment period.
• $150,000 account: You can withdraw up to $2,750 per payment period.

If you have multiple accounts, you can withdraw up to the maximum amount from each account during each payment period. For example, you can withdraw up to $2,750 from each account once per payout.

Phidias Propfirm cannot provide tax advice or answer questions about taxes, declarations, citizenship, work visas or other tax issues. Please do not submit tax questions to the support service, but rather contact a tax advisor or accountant in your jurisdiction.

Payment Options: Payments are made via RISEWORKS.io. At Phidias Propfirm, we are committed to offering you a simple, transparent and fast payment process.

Global Withdrawal Rules and Transition to LIVE Account (2025 Update)

Example 1:

Trader reaches a total withdrawal amount of $75,000 from CASH accounts = last payment within threshold limit:

When the trader reaches a cumulative total withdrawal of $75,000 from CASH accounts, they will receive their last payout within this threshold limit.

LIVE Account Credit: Once the threshold is reached, the trader’s LIVE account will be credited according to the remaining balances on their still active CASH accounts, provided they are greater than the initial balance +$100, and within the following limits:

• Up to $750 LIVE credit for each active CASH 50K account.
• Up to $1,000 LIVE credit for each active CASH 100K account.
• Up to $1,250 LIVE credit for each active CASH 150K account.

Example 2:

Proposal for early switch to LIVE account = Payout limited to withdrawal period threshold:

Early switch to LIVE account, the payout will be made in accordance with the conditions stipulated in the contract, respecting the withdrawal limits applicable to the first three withdrawals per account and within the total limit of $75,000.

LIVE Account Credit:

The trader’s LIVE account will be credited according to the remaining balances on their still active CASH accounts, provided they are greater than the initial balance, and within the following limits:

• Up to $750 LIVE credit for each active CASH 50K account.
• Up to $1,000 LIVE credit for each active CASH 100K account.
• Up to $1,250 LIVE credit for each active CASH 150K account.

Additional Notes

LIVE credits are calculated based on active balances remaining at the time of withdrawal. These rules are designed to reward high-performing traders while offering them an optimized and smooth transition to a LIVE account.

Practical Example:

A trader has accumulated a total of $73,000 in payouts at Phidias PropFirm and has 5 active CASH 50K Fundamental accounts with the following balances:

• Account 1: Balance of $58,000 (eligible for payout).
• Accounts 2, 3, and 4: Balances of $51,500 each (not eligible for payout but higher than initial balance).
• Account 5: Balance of $49,500 (lower than initial balance, therefore lost).

Payout Request and Transition to LIVE Account

The trader requests a payout on account 1 during the next period, enabling them to reach the total authorized withdrawal limit of $75,000. Here’s how it works:

They will receive a payout of $2,000 for account 1, thus reaching the total authorized withdrawal limit of $75,000.

A proposal to switch to a LIVE account will then be made.

LIVE Account Credit Terms

The credit on their LIVE account will be calculated as follows:

• Account 1: After the payout, the balance goes from $58,000 to $56,000 (higher than the initial balance of 50K). They will therefore receive a $750 credit on their LIVE account.
• Accounts 2, 3, and 4: Although not eligible for payout, their balances of $51,500 (above the initial balance) allow a credit of $750 per account, for a total of $2,250.
• Account 5: Its balance of $49,500 (less than the initial balance) results in the loss of this account, with no credit to the LIVE account.

LIVE Account and Challenge Rules

LIVE Account Uniqueness

A trader can only have one LIVE account. Once a trader has switched to a LIVE account, their options for participating in other challenges depend on the type of account from which the switch was made:

Switch to LIVE account via a Fundamental or Swing account:

• *No longer eligible for Fundamental and Swing challenges.
• *Can only participate in 10K Drawdown and 25K Static challenges.

Switch to LIVE account via 25K Static accounts:

• *No longer eligible for 25K Static challenges. (5 accounts max)
• *Can only participate in 10K Drawdown, Fundamental, and Swing challenges.

Switch to LIVE account via a 10K Drawdown account:

• *Can no longer participate in 10K Drawdown challenges.
• *Can only participate in 25K Static, Fundamental, and Swing challenges.

Credit for Other Challenge Successes

If a trader who already has a LIVE account successfully completes another challenge that would normally lead to the opening of a LIVE account, they will not receive a second LIVE account. Instead, the amounts intended for this type of account will be credited directly to their active LIVE account.

7. Refund Policy

All subscriptions made are final.

Unless otherwise specified, each subscription term will automatically renew on each expiration date, unless you have canceled your subscription before the expiration of the then-current subscription term.

Your participation or non-use of any such purchased service does not entitle you to a refund.

No returns, refunds or exchanges, partial or otherwise, for any reason. Once your order has been placed and your credit card charged or your crypto payment processed, there are no returns or credits. You cannot return the product and demand a refund because intellectual property was also provided to you.

Your use of the site and any postings, presentations, financial transaction information, pricing data, trading data, performance information, blogs, postings or other information, content, services and materials accessible through or described on the site is at your own risk. All such information, content, services and materials are provided “as is” and “as available”. To the fullest extent permitted by applicable law, we hereby disclaim any representations or warranties of any kind, express or implied, as to the availability, operations and use of the site or the information, content, material or services on or accessible through the site.

Any purchase resulting in a chargeback or payment dispute will result in immediate deactivation of your membership. Your username will be permanently banned from our database of authorized users.

Any chargebacks initiated by you will be fully investigated, and you will no longer be able to purchase services from our company. Any additional purchases will be refunded immediately.

Under no circumstances will we be liable to you or any third party for damages of any kind resulting from use of, access to, reliance on, inability to use, or improper use of the site, any information, content, material or services available on the site.

8. Access to Market Data and Market Depth

During the evaluation phase, a non-professional trader will obtain top-of-book data for the CME free of charge. To have market depth, you can buy for €11 on our site the market depth on the COMEX, NYMEX, CBOT, CME markets or €33 for all the depth for these 4 markets in the section provided for this purpose Rithmic Market Depth.

If you wish to activate market depth, you can purchase it as an add-on module for €11/month per exchange.

You can do this by going to your member area. Then go to the Rithmic Addons tab.

9. Over-Night and Over-Week Open Positions

Over-night positions are trading positions that are neither closed nor liquidated at the end of the trading day. Over-Week positions are positions that are not closed at the end of the week and remain open when the Monday Globex session resumes.

In accordance with Phidias Propfirm trading rules, all positions must be CLOSED before the end of the trading day for Fundamental accounts. Positions on SWING accounts can remain open Over-night and Over-Week, with a lot size corresponding to the size of your account.

Failure to close a position before market close will result in account disqualification. This rule is only valid for FUNDAMENTAL accounts, SWING accounts are of course excluded from this rule, as we authorize Over-Night and Over-Week with these types of accounts.

10. Trading Hours (For FUNDAMENTAL accounts only)

All instruments for FUNDAMENTAL accounts must be traded during the following business hours, UTC time: (SWING accounts are excluded from this rule.)

CME Globex
Sunday to Friday
11:00 PM – 9:59 PM (UTC)

60-minute break each day from 9:59 PM (UTC)

CME ClearPort (clearing time, please find information on the CME Group website)

Please check each exchange’s website for official hours and holidays.

CME Normal Trading Hours: https://www.cmegroup.com/trading-hours.html#foi=F&tradeDate=2023-11-23&pageNumber=1

Holiday Calendar: https://www.cmegroup.com/tools-information/holiday-calendar.html

Note: all positions must be CLOSED before the end of the trading day, i.e., before 9:59 PM (UTC). Failure to close a position before the deadline results in account disqualification. (SWING accounts are excluded from this rule.)

*CME market opening hours are all UTC time.

If you live elsewhere, feel free to use these time converters:

https://savvytime.com/converter

https://www.worldtimebuddy.com/

11. Economic News Trading

Yes, you are authorized to trade during news events on all accounts.

12. Commissions per Asset

You will find the amount of commissions on your RITHMIC trader pro interface (right click on your account then risk management tab, you will find the amount of commissions for all available products).

13. List of Authorized Products

Stock Indices

• E-mini S&P 500 (ES)
• Nikkei NKD (NKD)
• E-mini NASDAQ 100 (NQ)
• Mini-DOW (YM)
• Russell 2000 (RTY)
• Micro-E-Mini S&P 500 (MES)
• Micro-E-Mini Dow Jones (MYM)
• Micro-E-Mini Nasdaq-100 (MNQ)
• Micro-E-Mini Russell 2000 (M2K)

Interest Rate Futures

• 2-year note (ZT)*
• 5-year note (ZF)*
• 10-year note (ZN)*
• 30-year bond (ZB)*
• Ultra-Bond (UB)*

* Arbitrage strategies on Treasury bonds for one tick cannot be reproduced under real conditions with good executions. To avoid any problems, we are banning this practice on both evaluation and funded accounts from 31.01.2024. Any Treasury bond trader must contact us to request activation of CBOT market data. All other bond strategies are authorized. Any payment request involving bond market trading will receive special attention.

Currency and Cryptocurrency Futures

• Australian dollar (6A)
• British pound (6B)
• Canadian dollar (6C)
• Euro FX (6E)
• Japanese Yen (6J)
• New Zealand Dollar (6N)
• Bitcoin Micro Futures (MBT)
• Ethereum Micro Futures (MET)

Agriculture

• Lean hogs (HE)
• Live cattle (LE)
• Feeder cattle (GF)
• Wheat (ZW)
• Soybeans (ZS)

Energy

• Crude oil (CL)
• E-mini crude oil (QM)
• Natural gas (NG)
• E-mini Natural gas (QG)
• Heating oil (HO)
• New York Harbor (RB)
• Micro crude oil (MCL)

Metals

• Gold (GC)
• Silver (SI)
• Copper (HG)
• Platinum (PL)
• Palladium (PA)
• Micro-Gold (MGC)
• Micro-Silver (SIL)

14. Number of Authorized Accounts and Copy Trading

The trader can hold up to 15 CASH accounts simultaneously.

From January 11, 2025, the maximum number of accounts will be:

• 5 CASH Swing accounts + 5 CASH Fundamental accounts
• 5 25K CASH / LIVE Static accounts
• 1 10K Drawdown LIVE account
• 4 150K CASH accounts (2 Fundamental / 2 Swing) (Available from June 2025)

⚠️ 150K CASH accounts are considered to have a size equivalent to two standard accounts (50k or 100k). Therefore, they count double in the total authorized accounts per category. Consequently, the number of 150K accounts is limited to 2 per type of strategy (Swing and Fundamental).

It is strictly forbidden to exceed this total number of accounts.

Example:

• 5 CASH Fundamental accounts + 5 CASH SWING accounts + 5 25K CASH / LIVE Static accounts = OK
• 3 CASH Fundamental accounts + 2 CASH SWING accounts + 3 25K CASH / LIVE Static accounts = OK
• 2 CASH Fundamental 150k accounts + 1 CASH Fundamental 50k account + 1 CASH Fundamental 100k account + 2 CASH SWING 150k accounts + 3 25K CASH / LIVE Static accounts = OK

Any CASH account beyond this threshold will be considered lost.

However, there is no limit for evaluation accounts.

Number of Authorized Accounts and Copy Trading:

We allow copy trading within our company, as long as it remains compliant with our guidelines regarding the number of authorized accounts. In accordance with our policy, each person, company or Internet connection can own and manage up to 5 CASH SWING accounts + 5 CASH Fundamental accounts + 1 10k Drawdown LIVE account + 5 CASH / LIVE Static accounts.

This means you have the freedom to use third-party software or platforms that offer copy trading functionality to copy accounts between them. However, please note that such third-party software or platforms are the trader’s responsibility. We assume no responsibility for failures or technical problems on these third-party platforms.

It is each trader’s responsibility to ensure that the use of such third-party software or platforms complies with our rules and the 15 + 1 funded account limit. Exceeding this limit will be considered a violation of our policy, and no payment will be made for accounts violating this rule.

If we discover strategies traded identically on different accounts and whose allocated capital value exceeds the maximum allowed, we reserve the right to suspend these accounts in accordance with the general terms and conditions.

15. Regularity, Consistency Policy at Phidias Propfirm

At Phidias Propfirm, we attach great importance to discipline, consistency and security in our trading operations. Our commitment to our traders is based on strict principles aimed at maintaining the integrity of our activities and fostering stable growth for all parties involved. Here are our essential guidelines for funded accounts:

1. Defined Trading System: We are looking for traders who have developed a precise and well-defined trading system. This system must include clear rules for entries, stops, profit taking, drawdown management and exits. Discipline and consistency in applying this system are essential.

2. Consistency of Operations: Traders must maintain consistency in their position sizes, number of trading days, and risk management. We encourage stability and consistency, rather than erratic movements of contracts for the sole purpose of achieving specific goals. DCA (Dollar Cost Averaging) is authorized to smooth entry points. The results attributed to the Trader are calculated on the basis of trades actually executed and entered into the market. Any attempt to exploit the simulated environment results in loss of account access.

3. No Automated Trading and High Frequency Trading (HFT): The use of robots, fully automated trading algorithms, or any other form of automated trading is not permitted. Only semi-automated software is permitted, provided the trader actively monitors and manually adjusts all trades.

4. Avoid Lottery Transactions: We strongly discourage traders from seeking out exceptional trades or attempting to accumulate funds quickly by taking excessive risks. We do not support “one-time withdrawal” strategies or fraud attempts, and we expect traders to follow a responsible trading approach. Example of strategy considered as lottery: inverse operation (buy vs sell) via multiple accounts on the same asset. Full Margin trading operations during high volatility economic announcements. We reserve the right to analyze all strategies that do not correspond to the risk criteria admitted by the company.

5. News Trading: Economic news trading is permitted on all account types.

6. Respect and Professionalism: Traders must treat our staff, partners and other traders with respect and professionalism at all times. We encourage positive and professional interactions, whether in our trading groups, on social media or elsewhere.

7. Profit Consistency: To maintain consistency, we impose profit limits for CASH accounts. Under no circumstances should the profit balance from a single trading day exceed 30% of the total balance. This rule is designed to discourage excessively risky transactions. This rule does not conclude with trader elimination, but requires them to achieve a sufficient overall gain amount so that no working day represents more than 30% of the value of overall profits made on their account.

8. Contract Expiration: You are required to trade the highest volume and most recent contract for the instrument you wish to trade. Trading in illiquid, low-volume contracts is not permitted. It is therefore forbidden to practice spread trading between two maturities on the same product.

9. US Treasury Bonds (UB, ZB, ZN, ZF and ZT): Arbitrage strategies on Treasury bonds for one (1) tick cannot be reproduced under real conditions with satisfactory executions. To avoid any problems, we are banning this practice on both evaluation and funded accounts from 31.07.2024. Any trader wishing to use Treasury bonds must contact us to activate CBOT market data. All other Treasury bond strategies remain authorized. Payment requests related to bond market trading will receive special attention. For several weeks now, our teams have been carrying out in-depth tests on US bond strategies. Many traders use this type of strategy, and we wanted to make sure that we remained as objective as possible with regard to this practice. This type of strategy cannot be applied to real markets.

We are looking for serious and disciplined traders, committed to following a trading system with regularity and working for long-term, stable growth. The rules set out above are designed to guarantee the quality and integrity of our operations.

16. ELITE LIVE and MASTER LIVE Account Rules – Specific Rules

ELITE LIVE and MASTER LIVE Accounts

The ELITE LIVE Account and the MASTER LIVE Account are accessible to traders with a live trading history:

ELITE LIVE account: minimum 60 days of live trading, with an account balance reaching $125,000 USD and/or cumulated with payouts on the LIVE account.

MASTER LIVE account: minimum 120 days of live trading, with an account balance reaching $250,000 USD and/or cumulated with payouts on the LIVE account.

For each transition, an addition is made to the starting balance of the live account:

• +$25,000 for the ELITE equivalent.
• +$50,000 for the MASTER equivalent.

17. List of Phidias-CASH Account Activation Fees

All our rates are available in EUROS or DOLLARS.

You have reached your evaluation account target and would like to upgrade to a Phidias CASH account.

Activation fees are Lifetime on each account. Lifetime = one-time payment per account until failure = no monthly fees.

• 25K Static: $80 Lifetime
• 50k Fundamental: $149 Lifetime
• 100K Fundamental: $149 Lifetime
• 150K Fundamental: $169 Lifetime
• 50K Swing: $149 Lifetime
• 100k Swing: $149 Lifetime
• 150K Swing: $169 Lifetime

ONE-TIME-PAYMENT Account (Evaluation + CASH)

• No activation fees for switching to CASH account.
• The EVALUATION and CASH account remains LIFETIME, without any additional fees

• 25K Static: €267 or $277
• 50k Fundamental All in One: €530 or $580
• 100K Fundamental All in One: €663 or $723
• 150K Fundamental All in One: €776 or $863
• 50K Swing All in One: €663 or $723
• 100k Swing All in One: €830 or $900
• 150K Swing All in One: €1013 or $1123

18. 10K DRAWDOWN Account Rules – Specific Rules

How it works?

The 10K DRAWDOWN account is available only by participating in the 10K DRAWDOWN challenge. When you pay your €19 registration fee for the challenge, you receive a 10K DRAWDOWN account and are included in the pool of traders participating in the challenge for 1 month.

Position Sizes

The following rules only apply to the 10K DRAWDOWN account challenge!

Traders in the 10K DRAWDOWN account can open up to 25 E-mini contracts maximum intraday across all instruments.

Over-night and Over-Week positions are authorized within the limit of 25 E-mini contracts.

Registrations

You can register multiple times simultaneously or not in order to obtain more 10K DRAWDOWN accounts and increase your chances of success.

No restriction on the number of participations per participant.

When the challenge is in progress, you can join and participate up to 5 days before the end date of the challenge. After this time, registrations will no longer be possible and you will have to wait for the opening of the next 10K DRAWDOWN challenge.

Challenge Start

You can find the start dates for each challenge on the 10K DRAWDOWN page.

Objective

When you are registered for the 10K DRAWDOWN challenge, you are added to the pool of traders participating in the challenge. Your objective is to finish 1st in the pool at the end of the month by making the biggest profit in the pool and you win the 10K DRAWDOWN account.

Ranking

A ranking will be visible in your Dashboard area. The ranking will be updated every day at the end of the day.

Ranking Rule

The ranking will be subject to the following rule:

Each trader will be represented by their trading account that has achieved the most performance to rank. If you have registered with multiple accounts, these will not be counted in the final ranking; however, you will benefit from a 20% promotional code for each of these accounts as soon as you register. (see below)

Rewards

All participants win a prize at the end of the challenge. Each winner of the 10K DRAWDOWN LIVE account will not be able to participate in the challenge thereafter as long as they have an active 10K DRAWDOWN LIVE account, in order to give everyone the chance to win a 10K DRAWDOWN LIVE account:

• 1st: LIVE 10K Drawdown account
• 2nd: CASH 100K Swing account
• 3rd: CASH 50K Swing account
• 4th: CASH 100K Fundamental account
• 5th: CASH 50K Fundamental account
• 6th: 100K Swing Evaluation account
• 7th: 50K Swing Evaluation account
• 8th: 100K Fundamental Evaluation account
• 9th: 50K Fundamental Evaluation account
• 10th: 50K Fundamental Evaluation account
• Top 10% (excluding top 10): 90% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER)
• Top 50% (excluding top 10 and top 10%): 80% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER)
• Top 100% (excluding top 10, top 10% and top 50%): 70% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER)

10K DRAWDOWN LIVE Account Rules (real account awarded to the challenge winner)

• 8 E-mini lots and/or 8 E-micro lots
• The 10K DRAWDOWN account is $10,000 US static NO TRAILING
• The trader must leave a minimum of $10,100 on their account when requesting withdrawals.
• No payment amount limit from D+1 of the funded account. Provided the withdrawal threshold has been reached.
• News trading: Authorized, no restrictions
• No minimum trading days for payment requests.
• Activation Life-time, €250 Offered.
• Monthly professional flow fee of €122 deducted directly from the 10K DRAWDOWN Account Offered.
• Over-Night and Over-Week: not authorized (This limit may be adjusted according to the trader’s results).
• Profits and Withdrawals: The trader will receive a fixed 80% profit share on all results. This means that 80% of profits made and withdrawn by the trader will be paid out. When requesting a withdrawal, the account balance after withdrawal may under no circumstances fall below: “Initial account balance” + $100

Example:

• Initial account balance = $10,000
• Trader’s profit = $2,000
• Current account balance = $12,000 (10,000 + 2,000)

The trader can withdraw up to $1,900 profit from their account which will be split 80% for the trader and 20% for Phidias Propfirm.

Payment limit: No payment limit from D+1 of the funded account.

Minimum number of trading days: No minimum number of trading days is required for payment requests (one request per day, processing time approximately 24-48 hours).

– The position size limit evolves according to the gains made on the account. Here’s how position sizes evolve according to winnings on the 10K DRAWDOWN account:

For every $10,000 of winnings realized on the account and left available on the capital, 1 additional E-mini lot or 1 additional E-micro lot is authorized for position-taking up to a maximum of 4 additional E-mini lots or 4 additional E-micro lots. Example: the trader earns $25k after a period of work on the 10K DRAWDOWN account, bringing their total capital to $35k, the trader can now commit 2 additional E-mini lots or 2 additional E-micro lots (Intraday) i.e. 10 E-mini lots or 10 E-micro lots in total in the market).

– You’ll never be alone – our expertise is available to you at any time.

19. 30% Consistency Rule on Phidias Propfirm Accounts

If your total profit is $1,000 on your account, one of the previous days cannot exceed $300 (30% of $1,000 = $300), but if it does, no worries, you need to increase your total profit. For example, if you make $330 on your best day, you just need to increase your total profit from $1,000 to $1,100 and you enter the consistency rule (30% of $1,100 = $330).

In one day, you cannot calculate your consistency rule because in one day you reach 100% of total profit.

The minimum calculation period is 4 days. For example, if you make $1,000 in 4 days ($250 each day), your best profit day is $250, and $250 out of $1,000 total profit represents 25%.

But if, out of those 4 days, you have one day at $350, one day at $100 and two other days at $250, it’s still $1,000. HOWEVER, your best profit day is $350. A day at $350 out of $1,000 total profit exceeds 30% of total profit ($350 out of $1,000 represents 35%).

20. 25K Static Account Rules

These accounts offer immediate and simplified access to Live

The Trader can hold up to five (5) CASH 25K Static accounts. Each time one of these accounts reaches the set objective, an additional credit of $500 will be added to the Trader’s LIVE account.

Thus, by validating the objectives of five (5) CASH accounts, the Trader can accumulate up to $2,500 (5 x $500) in credit on their LIVE account.

25K account, static loss of $500. No EOD, no trailing drawdown, target $1,500.

Direct access to the LIVE account, after validation of the $1,500 objective on your CASH account.

News trading authorized (Evaluation, Cash and LIVE)

No consistency rules (Evaluation, Cash and LIVE)

No minimum number of trading days (Eval, Cash and LIVE)

Payout possible from D+1 of Cash account

Activation fee CASH account €80 LIFETIME

In Live: Payout possible every day with no maximum amount limit ($500 min)

How it works:

1st step evaluation

First take the evaluation, objective: reach $1,500, authorized loss of $500 static.

2nd step funded cash account

You have reached the objective of $1,500 on your CASH account, you get a $1,000 payout bonus for reaching the objective and your account(s) are transferred to a LIVE account.

How the LIVE account works:

For each validated CASH 25k static account, your LIVE account is credited with funds enabling you to trade for 2 lots (or 20 micro lots) and an authorized loss of $500.

Your validated CASH accounts are cumulative, so if you have several validated CASH Live Static 25K accounts (up to a maximum of 5 per trader) your live account will be credited on a pro rata basis (see example below).

4. Example:

A trader validates 5 CASH Live Static 25K accounts and receives a $5,000 bonus (5x$1,000 for each validated CASH account).

Their Live account is credited with 2 lots (or 20 micro lots) and an authorized loss of $2,500 in total.

5. Advantage for the TRADER:

Simplified access to the Live account. Possibility for traders with 5 validated CASH accounts to obtain a LIVE account in the same proportions as a 50K Fundamental or Swing account, with the added bonus of a static loss!

A performance bonus for achieving objectives on CASH accounts.

6. Specific rules for the Live Static 25K CASH account:

Initial position size 2 E-mini or 20 micro lots.

5 CASH accounts per trader, tax household and Internet connection authorized. Static initial loss of $500.

Economic news trading authorized.

No consistency rules.

No minimum number of trading days required.

7. Payout on your LIVE account:

• Withdrawal requests can be made every day, with no obligation to respect a minimum number of trading days or consistency.
• Requests must be for a minimum amount of $500, and as long as the account balance remains above the initial balance + $100, payments are processed daily. Thus, a request can be initiated as soon as the trader’s live balance is adjusted on their account.
• Payouts are made exclusively via **RISE**.
• The profit split is 80% for the trader, 20% in favor of Phidias Propfirm

8. Starting LIVE trading account from Static accounts

• Lot size: 2 E-mini lots
• Maximum static loss: $500.00, with possibility of increasing up to $2,500
• Available exchange assets: CME, CBOT, NYMEX and COMEX.
• Minimum balance: The Trader must leave a minimum starting balance +$100 on their account when making withdrawal requests.
• Monthly professional flow fees: $122 (offered).
• Trading Limits: Over-night and Over-week trading is not permitted, unless specifically agreed.
• Profit split 80% Trader / 20% Phidias Propfirm

9. Additional information:

A trader can only have one LIVE account. Once a trader has switched to a LIVE account, their options for participating in other challenges depend on the type of account from which the switch was made:

1. Switching to a LIVE account via a Fundamental or Swing account:

• No longer eligible for Fundamental and Swing challenges.
• Can only participate in 10K Drawdown and 25K Static challenges.

2. Switching to a LIVE account via a 25K Static account:

• A trader can convert up to 5 25K Static accounts into a LIVE account, with the possibility of deferred switching.
• Once in a LIVE account with the equivalent of 5 accounts, they can no longer participate in 25K Static challenges.
• They can only participate in 10K Drawdown, Fundamental and Swing challenges.

3. Switching to a LIVE account via a 10K Drawdown account:

• Can no longer participate in 10K Drawdown challenges.
• Can only participate in 25K Static, Fundamental, and Swing challenges.

4. In case of failure on a LIVE trading account, the Trader will not be able to subscribe to a new 25K Static challenge for a period of one (1) month.

5. Credit for other challenge successes

If a trader who already has a LIVE account successfully completes another challenge that would normally lead to the opening of a LIVE account, they will not receive a second LIVE account. Instead, the amounts intended for this type of account will be credited directly to their active LIVE account.

21. Rules – Phidias Propfirm Wallet (Phidias Points)

The Phidias Wallet is an internal system designed to centralize your earnings and facilitate the management of your operations on the platform. Here are the applicable rules:

1. General Operation

• The Wallet is automatically credited as soon as a payout is validated.
• The funds present in the Wallet are awaiting use or withdrawal. (withdrawal possible from the 20th to 25th of each month on your RISE balance)
• The Wallet is linked to your Phidias account and cannot be used outside the platform.

2. Use of Wallet Funds

Available funds can be used to:

• Purchase new evaluation accounts
• Pay activation fees or add-ons (e.g., Rithmic Market Depth)
• Fund a live account (cash account) directly with your earnings
• Make a withdrawal request to a Rise account (Between the 20th and 25th of each month)

3. Live Account Funding

• The trader can at any time move their wallet balance to their LIVE account (minimum $500)
• If no live account is yet open, an account will be automatically created with our partner Dorman Trading via Sweet Futures when funding from the Wallet.

4. Wallet Characteristics

• The Wallet is a closed system: it cannot be funded by external deposit (wire transfer, card, crypto, etc.)
• Only payouts validated by Phidias can be credited to the Wallet
• The Wallet cannot be used for transactions outside the Phidias platform

5. Withdrawals from the Wallet

• Withdrawals can only be made to a Rise account
• Withdrawn funds can no longer be used on the platform once the transfer is completed

6. Security and Transparency

• All operations can be viewed in the Wallet history
• In case of error or dispute, a support ticket can be opened for verification

7. Operation of live accounts and internal currency

• Once a transfer is made from the Wallet to a live account, the gains generated on this account are sent directly from the trading account to the trader’s Rise account. These funds do not transit through the Wallet. It is not possible to transfer or reverse funds from a live account to the Wallet. The Wallet remains exclusively intended for managing payouts from cash accounts in simulated currency and from validated payouts on cash accounts.
• The platform uses an internal currency called the Phidias Point. This unit of account is used for internal operations such as purchasing accounts, paying fees and awarding potential bonuses. Phidias Points are not transferable outside the Phidias ecosystem and cannot be considered as an official currency or cryptocurrency.

Phidias Propfirm Wallet and Phidias Points // additional information:

Your hub for your payouts to RISE or your LIVE account:

Live account transition from the Wallet

Any trader with a wallet credited with at least $500 can now, even without an existing live account, request autonomously the opening of a live account funded up to the amount available on their wallet.

Live Accounts from the Wallet: The amount transferred to the live account corresponds to the trader’s maximum authorized loss. We automatically add the necessary margin required by the exchanges to open positions.

For example:

A deposit of $500 will allow the opening of a live account with margin added automatically (about $2,500 total, variable according to market conditions). This balance includes the margin, but the maximum loss will always remain fixed at the amount sent, here in this example $500.

⚠️ The wallet is a closed circuit:

It can receive incoming funds only from payouts from 25K, 50K, 100K or 150K cash accounts.

Profits from the live account cannot be returned to the wallet.

Lot & risk management

When transitioning to live:

By default the trader gets 1 mini contract / 10 micro contracts.

*To increase the number of authorized contracts, the trader must make a written request by email to support.

Example:

A trader sends $10,000 from their wallet to their live account:

→ They automatically get 1 mini contract / 10 micros

→ They can request a size extension. This request will be analyzed by the Risk Management team, who will evaluate the trader’s risk profile.

Managers can accept, refuse or adjust the maximum authorized size based on the trader’s behavior. They can also restrict limits at any time if excessive risk is detected.

Payout Management – active from July 15, 2025

From the activation of the wallet, you will be able to make your payout requests at any time, directly from the interface, as soon as the withdrawal conditions* are met on your account(s). *see withdrawal conditions according to the size of your CASH account(s)

Note:

Transfers from wallet withdrawal requests to the Rise account will continue, for the moment, to be processed between the 20th and 25th of each month.

Need More Information?

Click the button below to go to our FAQ and find all the answers to your questions.

Help Center