What happens if you hit drawdown on Phidias PropFirm?
Last verified: 2026-03-21 | Official rules
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.
Phidias PropFirm uses static (floor never moves) drawdown. Here is what that means:
Your drawdown floor is set when the account is opened and never moves. For example, on a $10,000 account with $600 max drawdown, your account is terminated if equity drops below $9,400, no matter how much profit you made before.
Drawdown limits by account size:
- -$10,000: $600 max drawdown (floor at $9,400)
- -$25,000: $1,500 max drawdown (floor at $23,500)
- -$50,000: $3,000 max drawdown (floor at $47,000)
- -$100,000: $6,000 max drawdown (floor at $94,000)
To try again after termination, you need to purchase a new 1-step evaluation. Fees range from $89 ($10,000) to $475 ($100,000).