​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 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 would like to emphasise our commitment to serious traders. 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 trade according to your strategies, following the Phidias Propfirm guidelines set out in the valuation plan you have chosen.
Once you have reached your target, you will need to submit your account for validation, after which risk managers will review your account.

Become a Phidias CASH trader:

Once your trial 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. Please note that this option does not apply to the master account.

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 broken during the assessment, don't worry. You have the option to start a new assessment by purchasing a reset or wait 30 days after purchase for automatic account reset (reset only if assessment fails).

When you have successfully completed your trial account after the minimum 7 trading days, you will be eligible to obtain your Phidias-CASH account. This is the moment when your trading becomes real. From this point on, there is no need to email us or open a support ticket, as we will audit your account within 24-72 business hours.

​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 emphasis on regulatory compliance and the highest security standards to protect our traders and operations. However, there are various reasons why some countries are not currently eligible for our service, including:

1. Sanctions and Embargoes: Some 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 regions.

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 effectively serve our traders, as access to trading funds would be limited.

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

4. Services and Training: Our commitment to our traders includes providing high quality services and superior training. 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.

​6.Withdrawal requests and number of days per withdrawal

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$)

- 1,000,000 Master Account (See specific Master Account rules in section 16.Master Account rules)

- 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

- Master, see specific conditions in section 16.Master Account Rules

- 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.

2. After 3 months of withdrawals for a CASH account, when a withdrawal is initiated and processed, Phidias Propfirm will deduct a 10% commission from the amount of the withdrawal, while the remaining 90% 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 months 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 months 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.

After your CASH account has been active for 3 months, withdrawals can be requested at any time if your CASH account's minimum threshold is exceeded.
 
 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.

During the first three months, the minimum withdrawal amount is $1,000. In addition, a minimum balance must be maintained after the payment. During this initial three-month period, there is also a maximum payment amount, regardless of the number of payments made in the month. These maximum payment amounts are detailed below. It should be noted that each month of withdrawal is counted as a "month of withdrawal". These maximum limits remain in force until three months of withdrawals have been completed. At the fourth month of withdrawal and beyond, there is no longer a maximum withdrawal limit, as long as the account maintains the required minimum balance. The MASTER account is not limited in terms of withdrawals and payment requests.


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 months of 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 several accounts, you can withdraw up to the maximum amount from each account during each payment period. For example, if you have 20 accounts, each worth $50,000, you can withdraw up to $2,000 from each account once a month, which is the equivalent of one total of $40,000 withdrawn per month. This rule applies for the first three months, after which there is no maximum limit for each account, as long as the account maintains the required minimum balance.

Phidias Propfirm cannot provide tax advice or answer questions relating to tax, returns, citizenship, work visas or other tax matters. Please do not submit tax queries to the helpdesk, but rather contact a tax advisor or accountant in your jurisdiction.

Payment Options : Payments can be made via PayPal, bank transfer or ACH (ACH being the default option).
At Phidias Propfirm, we are committed to offering you a simple, transparent and fast payment process.

*We are open to other payment methods if necessary, do not hesitate to contact-us

​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.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 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 and MASTER 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 and MASTER 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
10:00 p.m - 8:59 p.m (UTC)

60-minute break each day from 8.59pm (UTC)

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

https://www.cmegroup.com/clearport.html

15-minute maintenance window between 21:45 and 22:00 (UTC)

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 Paris time.

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

https://savvytime.com/converter

https://www.worldtimebuddy.com/

​11.Trading economic news

During the evaluation period: Yes, you are authorised to trade during news events.
 While trading your Phidias-CASH or Master accounts: It is important to note that certain high-impact economic announcements must be taken into account. It is forbidden to trade in the minute before or after the following publications:

Oil inventories (Oil stocks) Non-Farm Payrolls (NFP)
Consumer Price Index (CPI)
Producer Price Index (PPI)
Federal Open Market Committee (FOMC) Meetings

PMI non manufacturier ISM

This measure is designed to help you manage the risks associated with the increased volatility associated with these major economic events.

​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

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

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)
Corn (ZC)
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)

*If you want a specific product that is not available, please do not hesitate to contact our team. ​Contactez-nous.

​14.Number of authorised accounts and copy trading

The total limit for the number of funded accounts is 20 accounts + 1 MASTER account + 1 Full Margin 10K account for all people in the same tax household, businesses and Internet connections.

It is strictly prohibited to exceed a total of 20 funded accounts + 1 master account + 1 Full Margin 10K account. If this number is exceeded, no payment will be made.

Any CASH account beyond the threshold of 20 +1 MASTER + 1 Full Margin 10K account will be considered lost.

Number of Authorized Accounts and Copy Trading:

We allow copy trading within our company, as long as it complies with our guidelines for the number of accounts allowed. Per our policy, each person, business or internet connection can own and manage up to 20 funded accounts+1 MASTER account + 1 Full Margin 10K account.

This means you have the freedom to use third-party software or platforms that offer copy trading features to copy accounts between each other. However, please note that such third-party software or platforms are the responsibility of the trader. We take no responsibility for any failures or technical issues on these third-party platforms.


It is the responsibility of each trader to ensure that the use of these third party software or platforms complies with our rules and the limit of 20+2 funded accounts. Exceeding this limit will be considered a violation of our policy, and no payments will be made to accounts violating this rule. If we discover strategies trading identically across different accounts and whose allocated capital value exceeds 20 accounts +1 MASTER 1 Full Margin 10K, we reserve the right to suspend these accounts in accordance with the terms and conditions.

15.Regularity, Policy of Consistency at Phidias Propfirm

15.Regularity, Consistency, Coherence 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 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. Coherence 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 or attempts to “re-stack” contracts for the sole purpose of achieving specific goals. 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 will result 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 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 : Transactions based on economic news, such as speculation on the volatility of economic announcements, are not permitted. Traders should only use their normal trading system during news hours and comply with the rules described, without seeking to exploit announcement-related opportunities.

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

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

If you have any questions or need further clarification, please do not hesitate to contact-us.

​16.MASTER Account rules - Specific rules 

-MASTER account is 1 million US dollars.

- Drawdown MAX 50 000 $ (EOD)

-No minimum or maximum day to validate the account

-No limit on payment amount from D+1 of the funded account

-No minimum trading day for payment requests

-Traders must leave a minimum of $20,000 in their account when making withdrawals.

-Life-time activation only $250 Free

-Monthly business flow fee of $122 deducted directly from MASTER Account Free

- Over-Night and Over-Week

-Futures and options on futures contracts available on US/EU/ASIA exchanges

-Scalable profit split up to 90% !!!

-You will never be alone, our expertise is at your disposal at any time

Monthly fees and withdrawals :

One-time activation fee of $250 Free for MASTER account.

There is no withdrawal limit for the MASTER account as long as it is and remains above the minimum threshold of

$ 1 020 000.

Position Size :


MASTER account traders can open up to a maximum of 50 E-mini intraday contracts on all instruments. (50 E-mini contracts or 500 micros)

The EOD drawdown trailing will be evaluated at the end of each trading day (EOD). If the cumulative losses reach or exceed the stop-loss threshold of $50,000 the account will be closed by your Risk manager. Beyond +$50,000 of Pnl on the account the drawdown stops running.

​Profit Split for the MASTER :



At the beginning, the profit split is 50% for the trader and 50% for Phidias Propfirm
For each $5,000 of PNL withdrawn gross by the trader, the profit split evolves as follows :

Up to $ 5,000 of PNL withdrawn: 50% for the trader, 50% for Phidias Propfirm
Between $ 5,001 and $ 10,000 of PNL withdrawn: 60% for the trader, 40% for Phidias Propfirm
Between $ 10,001 and $ 15,000 of PNL withdrawn: 70% for the trader, 30% for Phidias Propfirm

Between $ 15,001 and $ 20,000 of PNL withdrawn: 80% for the trader, 20% for Phidias Propfirm
Beyond $ 20,000 of PNL withdrawn: 90% for the trader, 10% for Phidias Propfirm.

Calculation of instalments for a withdrawal of $20,000 :

- Up to $5,000 PNL withdrawn: ($5,000 * 50%) = $2,500

- Between $5,001 and $10,000 of PNL withdrawn: ($5,000 * 60%) = $3,000

- Between $10,001 and $15,000 of PNL withdrawn: ($5,000 * 70%) = $3,500

- Between $15,001 and $20,000 of PNL withdrawn: ($5,000 * 80%) = $4,000

- Over $20,000: ($30,000 * 90%) = $27,000

Total for a $50,000 withdrawal: $2,500 + $3,000 + $3,500 + $4,000 + $27,000 = $40,000. So, if the trader withdraws $50,000, he will receive $40,000.

Profit splits are calculated on the trader's cumulative withdrawals, so when the trader has withdrawn more than $20,000 in total from his Master account, the trader will always receive 90% of the amounts subsequently withdrawn.

Trading options on index futures :

With the MASTER account, you can trade options on futures contracts with a long position (long call or long put).

Secondly, once the balance is above $ 200,000 in profits, we will activate the possibility of selling options and take advantage of all the possibilities of options strategies..

The EUREX market or any other market organized with a clearing house is permitted, provided that it complies with international law and excludes countries subject to international or national sanctions. Simply send us a request so that we can activate the instruments you wish to trade. (The fees for stock exchange data are the same as for other accounts, i.e. $12 per exchange or $33 for the whole. EUREX is separate, we provide the price on request.

No reset of Phidias-CASH or MASTER accounts

There is no reset for Phidias-CASH or MASTER accounts.

The rules of Regularity, consistency, Coherence Policy at Phidias Propfirm apply to your MASTER account except news trading.

The Master account within our company Phidias Propfirm, represents the pinnacle in terms of account size and exclusivity. This prestigious account has a capital of one million US dollars, making it the highest account within our company. It is exclusively reserved for our most exceptional traders. Additionally, it provides privileged access to futures options, allowing our traders to further diversify their trading strategies, take advantage of opportunities and manage their own hedging.​​ However, due to its importance and its unique opportunities, the Master account is governed by specific and strict rules. It is reserved exclusively for the elite of our traders, those who have demonstrated exceptional mastery of the financial markets and remarkable performance within our company. This account represents the pinnacle of our commitment to excellence and offers talented traders an exceptional account to reach new heights in their trading career.

*If you maintain consistent profitability on your MASTER Phidias account and meet account objectives we will be happy to allocate additional funds to you and we remain attentive to your needs.

​17.List of activation fees for Phidias-CASH accounts

You've reached your evaluation account target and would like to switch to a Phidias-CASH account. CASH accounts are set up to be Mini-lot only or Micro-lot only, so you'll need to make a choice when you pay your 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.

50k Fundamental : 79 € / month or 159 € Liftime.

100K Fundamental : 99 € / month or 199 € Lifetime

50K Swing : 99 € / month or 199 € Lifetime

100k Swing : 99 € / month or 299 € Lifetime

Master 1M : One-off activation fee of 250€ Lifetime Free

​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 5 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 best ranking performance. If you have registered with more than one account, these will not be counted in the final rankings. However, you will benefit from the prize won for the top 100% for each of these accounts (see below).

Earnings

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

1st : 1 Compte 10K DRAWDOWN CASH (real account)

2nd : 1 Compte 100K Swing (evaluation account)

3rd : 1 Compte 50K Swing (evaluation account)

4th : 1 Compte 100K FUNDAMENTAL (evaluation account)

5th : 1 Compte 50K FUNDAMENTAL (evaluation account)

Top 10% (Outside the top 5) : 30% discount code on all accounts (except 10K DRAWDOWN and MASTER)

Top 50% (excluding top 5 and top 10%): 15% discount code on all accounts (except 10K FULL MARGIN and MASTER)

Top 100% (excluding top 5, top 10% and top 50%): 10% discount code on all accounts (except 10K FULL MARGIN and MASTER)

All promotion codes will be added to existing promotions.

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

- 8 lot E-mini et/ou 8 E-micro lot

- The 10K DRAWDOWN account is worth US$10,000.

- Drawdown MAX $10,000 (EOD). The Drawdown EOD stops when the trader's account reaches $20,000.

- 2 500 $ of profits to be made to validate the withdrawal threshold. Below this threshold, no withdrawals can be made by the trader.

- 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

- No minimum trading day for payment requests

- Activation Life-time, 250 € Free

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

- Over-Night and Over-Week authorized up to a maximum of 1 E-mini or 1 E-micro lot (this limit may be increased depending on the trader's results).

- Profit split scalable up to 90% !!!

At the beginning, the profit split is 50% for the trader and 50% for Phidias Propfirm For each $5,000 of PNL withdrawn gross by the trader, the profit split evolves as follows:

Up to $2,500 PNL withdrawn: 50% for the trader, 50% for Phidias Propfirm

Between $2,501 and $5,000 PNL withdrawn: 60% for the trader, 40% for Phidias Propfirm.

Between $5,001 and $7,500 PNL withdrawn: 70% for the trader, 30% for Phidias Propfirm

Between $7,501 and $10,000 PNL withdrawn: 80% for the trader, 20% for Phidias Propfirm.

Over $10,000 of PNL withdrawn: 90% for the trader, 10% for Phidias Propfirm.

Calculation of instalments for a withdrawal of $30,000 :

- Up to $2,500 PNL withdrawn: ($2,500 * 50%) = $1,250

- Between $2,501 and $5,000 PNL withdrawn: ($2,500 * 60%) = $1,500

- Between $5,001 and $7,500 PNL withdrawn: ($2,500 * 70%) = $1,750

- Between $7,501 and $10,000 of NLP withdrawn: ($2,500 * 80%) = $2,000

- Over $10,000: ($20,000 * 90%) = $18,000

Total for a withdrawal of $30,000: $1,250 + $1,500 + $1,750 + $2,000 + $18,000 = $24,500. Thus, if the trader withdraws $30,000, he will receive $24,500.

Profit splits are calculated on the trader's cumulative withdrawals, so when the trader has withdrawn more than $10,000 in total from his Master account, the trader will always receive 90% of the amounts subsequently withdrawn.

- 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.) 

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