What is Phidias PropFirm daily loss limit?
Source review:
Source: Official Phidias PropFirm rules (verified )Phidias PropFirm's daily loss limit is 3% of your starting daily balance.
Daily loss limits by account size:
- -$10,000: $300 daily limit (3%)
- -$25,000: $750 daily limit (3%)
- -$50,000: $1,500 daily limit (3%)
- -$100,000: $3,000 daily limit (3%)
The daily loss limit resets each trading day. If you lose $300 on the $10,000 account in a single day, your account is terminated immediately -- regardless of your overall P&L or distance from max drawdown.
The daily limit is calculated from your starting daily balance. Only realized (closed) losses count. Open positions do not affect the daily calculation until closed.
The daily loss limit is the #1 cause of account termination on Phidias PropFirm. Most breaches happen from: 1. Oversizing a single position 2. Revenge trading after morning losses 3. Not accounting for spread/commission in the loss calculation
Use Vigil to monitor your daily P&L in real-time and get alerts at 70% and 90% of your daily limit.
Rule Evidence
- -Evaluation type: 1-step
- -Platforms: MT5, cTrader
- -Markets: forex, indices, commodities
- -Last reviewed on Vigil: 2026-03-21
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