Updated June 05, 2024

  • Minimum 7 trading days to pass

  • Reach profit target to move to funded account

  • End of day trailing drawdown. Account balance must be maintained above drawdown limit at anytime.

  • Do not exceed the maximum number of contracts for each trade

  • Must close orders / positions before 5:00 p.m. EST, New York

  • News trading permitted in evaluation if it is part of your day-to-day strategy

Evaluation

Free reset of failed account on renewal. Immediate reset available (see table).

Trading Platforms: Rithmic data feed - Sierra chart (preferred), MotiveWave, Quantower, Bookmap. No Ninja trader. Market depth data €11 / exchange.

Can have up to 20 accounts, one Master and one 10K Drawdown account. Copy trading allowed

Caution / Prohibited: Scalping, intraday or swing trading allowed as long as trading is legitimate, and there are no gambling practices. Have a defined trading system (rules for entries, stops, profit taking, drawdown management, discipline, consistency, non erratic, consistent position sizes). Trading cannot be fully automated. (refer Phidias)

  • After reaching profit target, the account is subject to validation (1-3 business days) before being funded (Phidias Cash Trader). Funded account activation fee either monthly or lifetime (table)

  • No resets

  • No trading 1 minute before and after CPI, PPI, FOMC, NFP, PMI, oil inventory

  • EOD drawdown stops trailing when it reaches starting balance + $100 (50100, 100,100)

Master 1 Million Account available for €999/monthly : For traders who have 20 funded accounts above the security threshold. Target: 200,000. Drawdown: 50,000. 50/500 contracts. Swing overnight/week with max 5 mini. Reset €999. Profit split 50-90%. Can trade futures options.

Funded, Phidias Cash Trader

  • Withdrawal requests to be made after trading a minimum of 10 trading days and after balance exceeds safety threshold (table). Following withdrawal, balance cannot drop below 50,100 and 100,100 respectively (table). Best day cannot be more than 30% of total profits

  • Requests to be made between 20-25th of each month, with payout being available at the end of month

  • Minimum payout request is $1000

  • Maximum withdrawal in first 3 months 2000 (50k), 2500 (100k)

  • 20% deducted for first 3 month of withdrawals; 10% thereafter

  • Traders receive 80% of profits in first 3 month of withdrawals; and 90% thereafter

  • After 3 months requests can be made anytime with no cap on withdrawal

  • Payouts made through PayPal, ACH, bank

Payout

  • No daily loss limit on a EOD drawdown account

  • Copy trade upto 20 accounts

  • Swing accounts available

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