THE PHIDIAS PROPFIRM RULES

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 the Authorized Products section below.

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

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

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 (DeepCharts with dxFeed, any platform compatible with Rithmic, or NinjaTrader / Tradovate). Connection guides here

Available account types: Phidias offers four account categories:

• Express to Live (E2L) — 25K, 50K, 100K, 150K sizes. Static drawdown, zero minimum trading days, and your first payout converts straight to a LIVE funded account.
• Fundamental — 50K, 100K, 150K sizes. Intraday trading with EOD trailing drawdown. Standard 80/20 profit split.
• Premium — 50K, 100K, 150K sizes. Overnight and weekend holds allowed, cash funded in 1 trading day, payouts every 5 days, progressive profit split from 75% up to 100%, and an exclusive Cash Account Reset option.
• 10K Drawdown Challenge — monthly competition with $24K cash prizes.

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

During the evaluation phase, we carefully monitor your performance and apply risk management mechanisms to help you succeed as a trader.

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. 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 unrealized profits.

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.

How It Works — Example

If your starting capital is $50,000, you have a stop-loss of $2,500 for the day. You cannot go below $47,500 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.

On evaluation accounts: The EOD Drawdown always persists until the end of the evaluation.

On funded accounts: Your EOD Drawdown stops at $50,100 for a 50K account and at $100,100 for a 100K account. Once the EOD Drawdown reaches these limits, it will no longer trail.

Important: Your liquidation price remains fixed for the day. Regardless of the gains made during the day, you will only be liquidated when your capital reaches the day's limit. For example, if you start with $50,000 and your liquidation value is $47,500, even if you make $1,000 in the morning, your EOD stop loss remains at $47,500 — allowing a maximum loss of $3,500 for the rest of that day.

Note — Express to Live accounts: E2L accounts use a static drawdown, not EOD trailing. The EOD rules described above do not apply to E2L accounts. See the Express to Live Account Rules section for details.

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 and Express to Live (25K/50K/100K/150K) accounts. Positions on Premium accounts can remain open overnight 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 applies to Fundamental and Express to Live accounts. Premium accounts are excluded from this rule.

All instruments for Fundamental accounts must be traded during the following business hours (UTC time). Premium accounts are excluded from this rule.

Failure to close a position before the deadline results in account disqualification. Premium accounts are excluded.

CME Normal Trading Hours: cmegroup.com/trading-hours

Holiday Calendar: cmegroup.com/holiday-calendar

Time converters: savvytime.com | worldtimebuddy.com

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

CME Group (Rithmic)

EUREX (dxFeed)

At Phidias Propfirm, we attach great importance to discipline, consistency and security in our trading operations.

Note — Express to Live accounts: The Profit Consistency Policy does not apply to Express to Live accounts (25K, 50K, 100K, 150K). E2L accounts have no profit consistency rule and no daily loss limit.

How It Works

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 just 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).

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% — you pass.

But if, out of those 4 days, you have one day at $350, one day at $100 and two other days at $250, it is still $1,000. However, your best profit day is $350. That is 35% of $1,000 total profit — exceeding the 30% rule.

Note — Express to Live accounts: The 30% Consistency Rule does not apply to Express to Live accounts (25K, 50K, 100K, 150K). E2L accounts have no consistency rule.

The rules in this section describe the standard withdrawal process for Fundamental and Premium CASH accounts. Express to Live (E2L) accounts use a separate automatic bonus system described in the Express to Live Account Rules section — the standard payout rules do not apply to E2L.

Premium Progressive Profit Split

Premium CASH accounts use a progressive profit split that climbs as the trader stacks payouts. The split applies to the payout cap for the account size.

From the 5th payout onwards on a Premium CASH account, the trader keeps the full payout cap.

Account Minimum Thresholds

Balance After Withdrawal Cannot Fall Below

Maximum Withdrawal per Period

If you have multiple accounts, you can withdraw up to the maximum amount from each account during each payment period.

Trading Day Requirement

A trading day is counted only if it shows a positive PnL of at least:

The system only considers a trading day as complete after market close and at the start of the 11th day.

Transition to LIVE Account (Fundamental & Premium)

For Fundamental and Premium accounts, the live transition is strictly discretionary. A trader becomes eligible for consideration upon reaching 5 successful payouts or $100,000 in cumulative profits across all accounts. Meeting these thresholds does not guarantee transition — the final decision rests with the Phidias risk management team, based on a holistic review of the trader's track record, consistency, risk profile, and overall conduct.

The live transition is not mandatory. Traders who meet the thresholds may choose to remain on their simulated CASH account indefinitely and keep their full profit split (up to 100% on Premium). There is no financial penalty for staying simulated. The live transition is initiated by Phidias, not requested by the trader.

Previous thresholds (3 payouts / $75,000) are deprecated and no longer in effect.

Important — Express to Live (E2L) accounts: E2L payouts and bonuses are not counted toward the 5 payout threshold or the $100,000 cumulative profit threshold for the LIVE transition. E2L uses a separate automatic "Switch to Live" mechanism that is independent from the Fundamental and Premium live transition process. E2L payouts do not influence the discretionary review in any way.

LIVE Account Credit (Fundamental & Premium)

LIVE credits are calculated based on active balances remaining at the time of transition, provided they are greater than the initial balance +$100.

Express to Live — Separate Bonus System

Express to Live accounts are not subject to the withdrawal rules above. E2L operates via an automatic bonus system triggered by the "Switch to Live" button. When the trader reaches the profit target and clicks "Switch to Live", a predefined fixed bonus is automatically credited to the Phidias Wallet (subject to the 80/20 profit split), and the account is converted to a LIVE account. See the Express to Live Account Rules section for bonus amounts per account size.

LIVE Account Rules

A trader can only have one LIVE account. Once switched:

• Via Fundamental or Premium: No longer eligible for new Fundamental or Premium challenges. Can only participate in 10K Drawdown and Express to Live.
• Via Express to Live: No longer eligible for new E2L challenges (5 accounts max, all sizes combined). Can participate in 10K Drawdown, Fundamental, and Premium.
• Via 10K Drawdown: No longer eligible for 10K Drawdown. Can participate in Express to Live, Fundamental, and Premium.

If a trader with a LIVE account completes another challenge, the amounts will be credited directly to their active LIVE account (no second LIVE account).

You have reached your evaluation account target and would like to upgrade to a Phidias CASH account. Activation fees are Lifetime on each account (one-time payment per account until failure, no monthly fees).

Monthly Subscription Activation Fees

One-Time Payment (Evaluation + CASH)

No activation fees for switching to CASH account. The evaluation and CASH account remains Lifetime, without any additional fees. All prices are show in the pricing configurator.

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

General Operation

• The Wallet is automatically credited as soon as a payout is validated
• Bank transfers via Rise (any day of the week)
• The Wallet is linked to your Phidias account and cannot be used outside the platform

Use of Wallet Funds

• Purchase new evaluation accounts
• Pay activation fees or add-ons (e.g., Rithmic Market Depth)
• Fund a live account directly with your earnings
• Make a payout request to a Rise account (any day of the week)

Live Account Funding

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.

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.

Example: A deposit of $500 will allow the opening of a live account with margin added automatically (about $2,500 total). The maximum loss will always remain fixed at the amount sent ($500).

Key Characteristics

Size Extension

To increase the number of authorized contracts, the trader must make a written request by email to support. The Risk Management team will evaluate the trader's risk profile and can accept, refuse or adjust the maximum authorized size.

Phidias Points

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.

Express to Live (E2L) accounts offer immediate and simplified access to a LIVE funded account, with no subscription and no hidden fees. The E2L range is available in 4 sizes: 25K, 50K, 100K, and 150K. Every E2L account uses a fixed static drawdown (never trails), has zero minimum trading days, no consistency rule, and allows news trading at every stage (Evaluation, CASH, LIVE).

E2L Account Grid — All 4 Sizes

Common Rules — All E2L Sizes

Liquidation formula: Liquidation Threshold = Initial Capital − Static Drawdown. The account is liquidated if the balance reaches or falls below this threshold. The static drawdown never trails.

How It Works — E2L Path to LIVE

LIVE Account — From E2L

When an E2L CASH account is converted to LIVE, the following parameters apply:

The static loss is "extensible" — it grows as the trader accumulates additional LIVE credits from validating more E2L accounts. The LIVE account balance minimum equals the total cumulative LIVE credit.

Cumulative LIVE Credits — Multiple E2L Accounts

Traders can validate multiple E2L accounts (up to 5, all sizes combined). Each validated E2L account adds a cumulative LIVE credit to the trader's LIVE account:

Maximum 5 E2L accounts per trader (all types combined: CASH + LIVE). The E2L 150K is limited to 1 account per trader with no cumulation. In case of failure on a LIVE trading account derived from E2L, the trader will not be able to subscribe to a new E2L challenge for 1 month.

Fundamental accounts are built for intraday traders who want professional-grade capital with EOD trailing drawdown and a fixed 80/20 profit split. The Fundamental range is available in 3 sizes: 50K, 100K, and 150K. Fundamental accounts use EOD trailing drawdown, require 3 minimum trading days during evaluation and 10 minimum days on the funded CASH account, apply a 30% daily consistency rule on the funded phase, and allow news trading at every stage. Overnight and over-week positions are not permitted.

Fundamental Account Grid — All 3 Sizes

Common Rules — All Fundamental Sizes

Detailed rules per topic are documented in the dedicated sections:

• EOD Trailing Drawdown Rules
• Overnight & Over-Week Restrictions
• Trading Hours
• Consistency Policy
• 30% Consistency Rule
• Withdrawal Rules
• Activation Fees

Path to LIVE — Discretionary Review

Fundamental accounts use a discretionary path to LIVE. After 5 successful payouts or $100,000 in cumulative profits across all accounts, traders may become eligible for a LIVE funded account. The transition is not mandatory — traders may remain on their CASH account indefinitely with their full 80/20 profit split. The final decision is made by the Phidias risk management team at its sole discretion. See the ELITE & MASTER LIVE Accounts section for complete eligibility details.

Premium accounts are the most flexible accounts at Phidias, built for traders who want to hold positions overnight and over the weekend, get funded faster, and earn an escalating profit split. The Premium range is available in 3 sizes: 50K, 100K, and 150K. Premium accounts use EOD trailing drawdown, allow overnight and over-week positions, fund the CASH account in 1 trading day after evaluation pass, process payouts every 5 days, apply a progressive profit split that climbs from 75% to 100% over the first 5 payouts, and include an exclusive Cash Account Reset safety net. News trading is authorized at every stage.

Premium Account Grid — All 3 Sizes

Common Rules — All Premium Sizes

Progressive Profit Split — Premium Exclusive

Premium accounts apply a profit split that climbs with each successful payout on the funded CASH account. After the 5th payout, traders keep 100% of every dollar earned.

Cash Account Reset — Premium Exclusive

If a funded Premium CASH account is liquidated due to a drawdown breach, the trader can reset it once at a flat fee. This is a Premium-only safety net not available on Fundamental or E2L accounts.

Detailed rules per topic are documented in the dedicated sections:

• EOD Trailing Drawdown Rules
• Overnight & Over-Week (Premium permits holds)
• Consistency Policy
• 30% Consistency Rule
• Withdrawal Rules
• Activation Fees

Path to LIVE — Discretionary Review

Premium accounts use a discretionary path to LIVE. After 5 successful payouts or $100,000 in cumulative profits across all accounts, traders may become eligible for a LIVE funded account. The transition is not mandatory — traders may remain on their funded CASH account indefinitely with their full progressive profit split (up to 100% on Premium). The final decision is made by the Phidias risk management team at its sole discretion. See the ELITE & MASTER LIVE Accounts section for complete eligibility details.

Prizes & Rewards

Tier Rewards

How to Use Your Phidias Wallet

Top 10 winnings are deposited into your Phidias Wallet. From your wallet, you can:

• Direct withdrawal to your bank account via Rise
• Transfer to a live account (if you have one)
• Create a live account (if you don't have one)
• Use in the Phidias store for all products and evaluations

Challenge Rules

Ranking System

• Daily EOD update (after market reopening +2h)
• Ranked by total profit
• Multi-accounts: best account counted
• 100% of participants win a reward

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

Balance Addition on Transition

Switch to Live — Updated Policy

The transition from a simulated (funded) CASH account to a LIVE trading account is not mandatory and is strictly discretionary. Traders who meet the eligibility criteria may choose to remain on their CASH account indefinitely, retaining their full profit split (up to 100% on Premium) with no obligation to transition.

Key Principles:

• No trader is forced to transition to LIVE. Staying on the simulated CASH account is a valid long-term option.
• Traders on simulated CASH accounts keep their full profit split (up to 100% on Premium). There is no financial penalty for staying simulated.
• The LIVE transition is initiated by Phidias, not requested by the trader. It is offered exclusively to traders whose performance, consistency, and risk management justify allocation of real capital.
• Phidias reserves full discretion to approve, defer, or decline a LIVE transition regardless of whether thresholds are met.
• Express to Live (E2L) accounts are not subject to this discretionary review. E2L uses an automatic "Switch to Live" mechanism. E2L payouts and bonuses are not counted toward the 5 payout or $100,000 cumulative profit thresholds. See the Express to Live Account Rules section.

150K CASH accounts (Fundamental or Premium) are considered equivalent to two standard accounts (50K or 100K). They count double in the total authorized accounts per category. For E2L, the 150K is capped at a single account per trader with no cumulation.

Valid Combinations

• 5 CASH Fundamental + 5 CASH Premium + 5 E2L (any mix of 25K/50K/100K + optionally 1x 150K) = OK
• 3 CASH Fundamental + 2 CASH Premium + 3 E2L 25K = OK
• 2 CASH Fund 150K + 1 CASH Fund 50K + 1 CASH Fund 100K + 2 CASH Premium 150K + 3 E2L 25K = OK

Any CASH account beyond this threshold will be considered lost.

Copy Trading

Copy trading is allowed within our guidelines regarding the number of authorized accounts. Each person, company or Internet connection can own up to 5 CASH Premium + 5 CASH Fundamental + 5 CASH/LIVE Express to Live accounts.

You may use third-party copy trading software, but Phidias assumes no responsibility for failures or technical problems on these platforms. If we discover identical strategies exceeding the maximum allowed capital, we reserve the right to suspend these accounts.

Due to various regulations and legal considerations, we are currently unable to offer our trading services in certain countries. This list is not exhaustive and is subject to changes at any time.

Reasons for Restrictions

1. Sanctions and Embargos: International sanctions or embargos restricting financial transactions.
2. Management Capacity: Partners, brokers, or data providers unable to open real accounts in certain regions.
3. Fraud Risk: Countries with historically higher fraud risk.
4. Services: Language barriers and lack of local service representatives.
5. Individuals: People on sanctions lists, with financial crime records, or previously banned.

Restricted Countries

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

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

Chargebacks: 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.

During the evaluation phase, a non-professional trader will obtain top-of-book data for the CME free of charge.

You can purchase market depth as an add-on module from your member area (Addons tab).