Question 1

Can you trade news on Phidias PropFirm?

Accepted Answer

Yes, Phidias PropFirm allows news trading in all phases. You can trade during high-impact news events like NFP, FOMC, and CPI without restrictions.

Here is the breakdown by phase:

-Evaluation: news trading is fully allowed
-Funded: news trading is fully allowed

Phidias PropFirm trades on MT5, cTrader and covers forex, indices, commodities.

Question 2

Can you hold overnight on Phidias PropFirm?

Accepted Answer

Yes, Phidias PropFirm allows you to hold positions overnight in all phases. You do not need to flatten your positions before the market closes.

Question 3

Can you hold over weekend on Phidias PropFirm?

Accepted Answer

Yes, Phidias PropFirm allows you to hold positions over the weekend in all phases. You can keep trades open from Friday through Monday.

Question 4

Can you use EAs/bots on Phidias PropFirm?

Accepted Answer

Yes, Phidias PropFirm allows the use of Expert Advisors (EAs) and automated trading bots. You can run algorithmic strategies on MT5, cTrader.

Question 5

What happens if you hit drawdown on Phidias PropFirm?

Accepted Answer

If you hit the maximum drawdown limit on Phidias PropFirm, your account is immediately terminated. All open positions are closed and you lose access to the account.

Question 6

How to reset Phidias PropFirm challenge?

Accepted Answer

To reset your Phidias PropFirm challenge, you need to purchase a new evaluation. Phidias PropFirm does not offer free resets.

Can you trade news on Phidias PropFirm?

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