Phidias PropFirm Rules

Phidias PropFirm is a 1-step prop trading firm that offers 4 account sizes ranging from $10,000 to $100,000. Forex/CFD prop firm with a 1-step evaluation and static drawdown. Supports cTrader. Competitive fees and straightforward rules. The firm supports MT5, cTrader and gives traders access to forex, indices, commodities markets. Expert advisors and automated trading bots are allowed, making it suitable for algorithmic traders. Copy trading is not allowed.

The evaluation uses static (floor never moves), which means your drawdown floor is set once at account opening and never moves up. This is the most trader-friendly drawdown type because every dollar of profit adds a genuine cushion above your breach level. If you grow a $100,000 account by $5,000, your floor stays at $94,000, giving you $11,000 of total room.

The 3% daily loss limit acts as a circuit breaker. On the $100,000 account, that means you cannot lose more than $3,000 in a single day. This is calculated from your starting daily balance, which is an important distinction -- only realized losses count, giving more breathing room for open positions. Profit split starts at 80% and scales up to 90%, with payouts processed bi-weekly.

Common mistakes traders make on Phidias PropFirm: Hitting the daily loss limit by overleveraging after a losing streak is extremely common. On the $10,000 account, your daily limit is only $300 -- two bad trades at 2.5% risk each and you are done for the day. Always verify the current rules on the official rules page before starting.

Who Phidias PropFirm is best for: Swing traders and position traders who need to hold through overnight sessions and weekends will appreciate the static drawdown and relaxed holding rules. Forex and CFD traders -- futures are not available. Budget-conscious traders will appreciate the low entry point of $89 for the $10,000 account.