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 trading 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 line 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 Crypto-currencies. You will find a full list of available symbols in section 13 below. At Phidias Propfirm, we offer you complete freedom, and as long as you play by the rules, we are delighted to see you prosper with us.

We encourage all our traders to avoid gambling practices unrelated to trading. In the event of intentional or repeated non-conforming behaviour on one or more accounts, we reserve the right to take steps to reduce risk, ranging from removing conflicting positions to rebalancing the account, reducing contracts or closing the account altogether and terminating our co-operation. We encourage our traders to trade conscientiously and to demonstrate their advantage in the markets consistently. 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 rewards. Trading with Phidias Propfirm is as easy as 1-2-3:
Inscription :
Register on our platform and choose a subscription via our registration form. You can buy your evaluation pack using any credit/debit card.

Connection to platforms :

Here is the full list of third-party trading platforms supported by Phidias Prop Firm. (partners platforms)

Assessment phase :
At this stage, you negotiate according to your strategies, following the Phidias Propfirm guidelines defined in the valuation 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 accounts.

3. General rules

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

Thereafter, the monthly subscription is recurring until the account is validated or canceled. This fee covers access to data feeds and a number of our tools and services to help you succeed.

Start the evaluation account: once you have registered and paid the subscription fee, we will send you an automatic e-mail with your RITHMIC identifiers.  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. (Connexion guide here)

Reach your profit target without breaking any of the rules: the main objective is to make a profit while respecting our trading rules. Keep an eye on your maximum authorised loss, as this is one of the most important criteria for success.

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

Once you have successfully completed 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 e-mail or open a support ticket. As soon as you have paid the activation fee and signed your CASH contract, the account is automatically created.

4. End of Day rules (EOD)

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 give 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 monitor your results at any time using your Rtrader Pro trading dashboard (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 made at that time, excluding any unrealized profits you may 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 upwards. The daily stop-loss level is adjusted at the end of each trading session, which ends at 22:00 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 can’t go below $47,500 in capital, or you’ll 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 itself if you continue to make gains on subsequent days.

On challenge accounts, the Drawdown EOD always persists until the end of the evaluation, i.e. for a 50K account you will always have a maximum authorized loss of $2500, and for a 100K account you will always have a maximum authorized loss of $3000.

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

Please 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 you make during the day, you will not be liquidated until 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 a $1,000 profit in the morning, your EOD stop loss for the day will remain set at $47,500. This gives you a maximum loss of $3,500 for the rest of the day.

At Phidias Propfirm, we put these mechanisms in place to help you manage risk while providing an opportunity for growth as a trader. Our aim is to support you on your trading journey.

5. Country restrictions and regulations for people at risk

Commitment to Integrity and Regulatory Compliance :

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 national 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 that it is subject to change 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 recognize 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 embargoes: Certain countries are subject to international sanctions or embargoes that restrict or prohibit international financial transactions. As a result, we are unable to offer our services in these areas.

2. Management capacity: In some countries, our partners, brokers, technical support companies or data providers are unable or unwilling to open live 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 the provision of high quality services. This can sometimes be hampered by language barriers, a 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

Afghanistan, Algeria, Angola, Albania, Bosnia and Herzegovina, Bulgaria, Belarus, Botswana, Burkina Faso, Burundi, Croatia, Central African Republic, Cuba, Democratic Republic of the Congo, North Korea (DPRK), Ecuador, Ethiopia, Guyana, Haiti, Iran, Indonesia, Iraq, Jamaica, Kenya, Kosovo, Laos, Lebanon, Libya, Mauritius, North Macedonia, Montenegro, Mali, Malta, Mozambique, Namibia, Nicaragua, Nigeria, Myanmar (Burma), Pakistan, Papua New Guinea, Philippines, Romania, Russia, Senegal, Serbia, Somalia, South Africa, South Sudan, Sudan/Darfur, Syria, Crimea (Region of Ukraine), Sri Lanka, Slovenia and Yugoslavia, Tanzania, Trinidad and Tobago, Tunisia, Venezuela, Yemen, Zimbabwe

6. Payout requests and trading days to Payout

At Phidias Propfirm, we understand the importance of financial flexibility for our traders. This is 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 meets or exceeds the minimum threshold. The minimum withdrawal allowed is $ 1,000.

Withdrawal requests must be made between the 20th and 25th of each month for payment at the end of the month.
Account minimums : Account minimum thresholds vary depending on the size of your account. Here are the current minimum thresholds :

– $50,000 account – 52 600 $ (2600$)

– $100,000 account – 103 700 $ (3700$)

– 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules in 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.

Processing fees :

Account balance after withdrawal :

The balance of the account after withdrawal can never be less than :

– 50,100 for a 50K Swing or Fundamental account

– 100,100 for a 100 K Swing or Fundamental account

– 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules in section 18.10K DRAWDOWN account rules)

Phidias Propfirm will refuse all withdrawal requests that do not comply with the minimum account balance rules.

Processing fees :

1. 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 bank account.

For your first request for payment from Phidias Propfirm, certain conditions must be met. You are required to have made actual trades on a minimum of 10 (ten) separate and individual trading days, in accordance with our guidelines, before you are eligible to make your first claim for payment. In addition, each payment request during the first 3 payouts requests 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 claim to the next and are not linked to the approval dates of previous claims, when funds were deducted from the trading account, or when payments were sent or received. In other words, there must be a minimum of 10 separate trading days between each withdrawal request, whether approved or declined during the first 3 withdrawals of the account’s life.

Please note that our system only considers a trading day as complete after the 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 Customer 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 $1,000. In addition, a minimum balance must be maintained after the payment when you are on CASH accounts. These maximum payment amounts are detailed below. Please note 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 details must match your registration details (same legal entity or natural person, and same address).

During the first three withdrawals, a maximum withdrawal amount is set according to the size of your account. You are authorised to request a withdrawal once a 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.

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 $2,500 from each account once a month, for a total of $25,000 per month.

Phidias Propfirm cannot provide tax advice or answer questions about taxes, returns, citizenship, work visas or other tax issues. Please do not submit tax questions to the helpdesk, 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 providing you with a simple, transparent and fast payment process.

Global withdrawal rules and transition to a LIVE account (Update 2025)

Example 1 :

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

When the trader reaches a cumulative total withdrawal of $75,000 from CASH accounts, he will receive his final payout up to this threshold.

LIVE account credit: Once the threshold has been reached, the trader’s LIVE account will be credited according to the remaining balances on his 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.

Example 2 :

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

In the event of early switchover to a 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 up to a total limit of $75,000.

LIVE account credit :

The trader’s LIVE account will be credited according to the remaining balances on his 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.

Additional notes

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

Practical example:

One 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 (less than initial balance, therefore lost).

Payout request and transition to LIVE account

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

He 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 his LIVE account will be calculated as follows:

Account 1: After the payout, the balance increases from $58,000 to

56,000 (higher than the initial balance of 50K). He will therefore receive a $750 credit on his 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

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

Switch to a LIVE account via a Fundamental or Swing account :

*No longer eligible for Fundamental and Swing challenges.

*Can only take part 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 take part in 10K Drawdown challenges.

*Can only take part in the 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, he or she will not receive a second LIVE account. Instead, the amounts 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 in 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 the 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 peril. 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 obtain market depth, you can buy market depth on the COMEX, NYMEX, CBOT and CME markets for €11 on our site, or €33 for all the depth for these 4 markets in the section provided for this purpose. RithmicMarket 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. OverNight and OverWeek 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 which are not closed at the end of the week and which 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 because 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 p.m – 9:59 p.m (UTC)

60-minute break each day from 9.59pm (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. Failure to close a position before the deadline results in disqualification of the account. (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. Trading economic news

Yes, you are allowed 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 authorised 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 Russel 2000 (M2K)

Interest rate futures

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

* Arbitrage strategies on Treasury bonds for a tick cannot be reproduced under real conditions with good executions. To avoid any problems, we are banning this practice on both valuation and funded accounts from 31.07.2024. All Treasury bond traders must request that we activate CBOT market data. All other bond strategies are permitted. Special attention will be paid to all payment requests involving bond market trading.

Future currencies and cryptocurrencies

$ australian (6A)
Livre sterling (6B)
$ canadians (6C)
Euro FX (6E)
Japanese Yen (6J)
New Zealand Dollar (6N)

Bitcoin Micro Futures (MBT)
Ethereum Micro Futures (MET)

agriculture

Lean pork (HE)
Live bovines (LE)
Fattening cattle (GF)
Wheat (ZW)
Soya (ZS)

Energy

Crude oil (CL)
Crude oil E-mini (QM)
Natural gas (GN)
E-mini Natural gas (QG)
Fuel oil (HO)
Port of New York (RB)
Crude micro oil (MCL)

Metals

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

14. Number of authorised accounts and copy trading

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

• 5 CASH Swing accounts + 5 CASH Fundamental accounts
• 5 accounts 25K CASH / LIVE Static
• 1 10K Drawdown LIVE account

It is strictly forbidden to exceed this account total.

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

Any CASH account exceeding this threshold will be considered lost.

However, there is no limit to the valuation accounts.

Number of Authorized Accounts and Copy Trading :

We allow copy trading within our company, as long as it complies with our guidelines regarding the number of accounts allowed. In accordance with our policy, each person, company or Internet connection may 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 that 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 responsibility of the trader. We assume no responsibility for technical failures or problems on these third-party platforms..

It is the responsibility of each trader 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 in breach of 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, Policy of Consistency 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 business 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. Trading consistency : Traders must maintain consistency in position size, number of trading days, and risk management. We encourage stability and consistency, rather than erratic movement of contracts to meet specific targets. DCA (Dollar Cost Averaging) is permitted to smooth entry points. 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 will result in loss of account access.

Translated with DeepL.com (free version)

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 Speculative 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.

5. News Trading : Trading in economic news 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 Limits : 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.

8. Expiration of contract : 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 trade the spread 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 valuation 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. Special attention will be paid to payment requests related to bond trading. 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 available to traders with a live trading history:

ELITE LIVE account: minimum 60 days of live trading, with an account balance of up to 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 of up to 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 activation fees for Phidias-CASH accounts

All our prices are available in EUROS or DOLLARS.

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

Activation fees for Phidias-CASH accounts. You have the option of paying monthly or opting for a one-off payment valid for the lifetime of the account.

25K Static : $83 Lifetime

50k Fundamental : 79 € / month or 159 € Lifetime. ($86 / month or $174 Lifetime)

100K Fundamental : 99 € / month or 199 € Lifetime. ($107 / month or $217 Lifetime)

50K Swing : 99 € / month or 199 € Lifetime. ($107 / month or $217 Lifetime)

100k Swing : 99 € / month or 249 € Lifetime. ($107 / month or $270 Lifetime)

18. 10K DRAWDOWN Account rules – Specific rules

How does it work?

The 10K DRAWDOWN account is only available 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 size

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 intraday, all instruments included.

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

Registrations

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

No restriction on the number of entries 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, entries will no longer be possible and you will have to wait for the opening of the next 10K DRAWDOWN challenge.

Starting the challenge

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

Target

When you sign up for the 10K FULL MARGIN challenge, you are added to the pool of traders taking part 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 FULL MARGIN 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 the trading account that has achieved the highest ranking. If you have registered with more than one account, 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)

Earnings

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 :

1er : 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 challengeAccount

7th: 50K Swing challengeAccount

8th: 100K Fundamental challenge account

9th: 50K Fundamental challenge account

10th: 50K Fundamental challenge account

Top 10% (excluding top 10): 70% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER)

Top 50% (excluding top 10 and top 10%): 50% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER).

Top 100% (excluding top 10, top 10% and top 50%): 30% discount code on all challenge accounts (except 10K DRAWDOWN and MASTER).

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

– 8 lot E-mini et/ou 8 E-micro lot

– The 10K DRAWDOWN account is 10,000 US dollars static NO TRAILING

– Traders must leave a minimum of $2,000 in their account when requesting withdrawals.

– No payment amount limit from D+1 of the account financed. Provided you have reached the withdrawal threshold

– News trading: Authorized, no restrictions

– No minimum trading day for payment requests

– Activation Life-time, 250 €

– Monthly business flow fee of $122 deducted directly from the DRAWDOWN 10K Account

– Over-Night and Over-Week: not allowed (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 his 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 approx. 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 his total capital to $35k, the trader can now commit 2 additional E-mini lots or 2 E-micro lots (Intraday and Over-night / Over-Week) i.e. 3 E-mini lots or 3 E-micros 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 $1000 on your account, one of the previous days can’t exceed $300 (30% of $1000 = $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 can’t 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. Rules for 25K Static accounts

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 its target, 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 his LIVE account.

25K account, static loss of $500. No EOD, no trailing drawdown, target $1500.

Direct access to your LIVE account, once you’ve reached your CASH target of $1,500.

Authorized news trading (Challenge, Cash and LIVE)

No consistency rules (Challenge, Cash and LIVE)

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

Payout possible on D+1 of Cash account

CASH account activation fee €80 LIFETIME

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

How it works :

1st stage evaluation

First take the assessment, aiming to reach $1,500, authorized loss of $500 static.

2nd step financed cash account

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

How the LIVE account works :

For each CASH 25k static account validated, your LIVE account is credited with funds enabling you to trade for 2 lots (or 20 micro lots) and an authorized loss of $500. (Scaling plan up to 100 E-mini*)

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 (5×1,000 for each CASH account validated).

His Live account is credited with 2 lots (or 20 micro lots) and an authorized loss of $2500 in total.

5. Advantage for the TRADER:

Simplified access to the Live account Traders with 5 valid CASH accounts can 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 CASH account targets.

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.

Trading in business news authorized.

No rules of consistency.

No minimum number of trading days required.

7. Payout to your LIVE account:

• Withdrawal requests can be made on a daily basis, 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 his account.
• Payouts are made exclusively via **RISE**.
• The profit split is 80% for the trader, 20% in favor of Phidias Propfirm.

8 Start LIVE trading account from Static accounts

– Lot size: 2 E-mini lots

– Maximum static loss: $500.00, with possibility of increasing to $2,500

– Stock exchange assets available: CME, CBOT, NYMEX and COMEX.

– Minimum balance: Traders must leave a minimum starting balance of +$100 in their account when requesting a withdrawal.

– Monthly professional flow fee: $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, his or her 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 take part 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 option of switching to a deferred account.
• Once in a LIVE account with the equivalent of 5 accounts, he can no longer participate in 25K Static challenges.
• They can only take part in the 10K Drawdown challenge, Fundamental and Swing.

3.10K Drawdown account to LIVE account :

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

4 In the event 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 successful challenges

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

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