Phidias Prop Firm: Top Evaluation Questions Answered

📌 Who is Phidias Prop Firm?

Phidias Prop Firm is a futures prop firm that gives traders a shot at trading with up to $1 million in funding through an evaluation process. Whether you're into scalping, intraday, or swing trading, they keep things simple with clear rules, fast execution, and structured challenges. Plus, you can always grab the best deal by using code SOPF at checkout.

📌 What types of evaluation accounts does Phidias Prop Firm offer?

Phidias Prop Firm offers several futures evaluation accounts designed to fit different trading styles. Here’s a quick breakdown of what they offer:

• $25K Static Account – $1,500 profit target, $500 static drawdown, allows up to 2 mini contracts (or 20 micro contracts). News trading is allowed. Requires at least 1 trading day to pass.

• $50K Fundamental Account – $4,000 profit target, $2,500 end-of-day drawdown, no daily loss limit, allows up to 10 mini contracts (or 100 micro contracts). News trading is allowed. Requires 3 trading days to pass.

• $100K Fundamental Account – $6,000 profit target, $3,000 end-of-day drawdown, no daily loss limit, allows up to 14 mini contracts (or 140 micro contracts). News trading is allowed. Requires 3 trading days to pass.

• $50K Swing Account – $4,000 profit target, $2,500 end-of-day drawdown, no daily loss limit, allows up to 10 mini contracts (or 100 micro contracts). 1 mini contract can be held overnight or over the weekend. News trading is allowed. Requires 3 trading days to pass.

• $100K Swing Account – $6,000 profit target, $3,000 end-of-day drawdown, no daily loss limit, allows up to 14 mini contracts (or 140 micro contracts). 2 mini contracts can be held overnight or over the weekend. News trading is allowed. Requires 3 trading days to pass.

Each evaluation account is designed to match different trading strategies, so whether you’re a scalper, intraday trader, or swing trader, there’s an option for you.

📌 How many trading days are required to pass a Phidias Prop Firm evaluation?

The number of trading days required to pass depends on the evaluation account type:

• $25K Static Account – 1 trading day required to pass.

• $50K Fundamental Account – 3 trading days required to pass.

• $100K Fundamental Account – 3 trading days required to pass.

• $50K Swing Account – 3 trading days required to pass.

• $100K Swing Account – 3 trading days required to pass.
  
  

📌 Does Phidias Prop Firm allow news trading during the evaluation?

Yes! Phidias Prop Firm allows news trading on all evaluation accounts. Unlike some firms that restrict trading during high-impact news events, Phidias Prop Firm lets traders execute trades freely before, during, and after major economic releases.

📌 What type of drawdown does Phidias Prop Firm use for evaluation accounts?

Phidias Prop Firm uses two types of drawdowns during evaluations:

• $25K Static Account – Static drawdown, meaning the drawdown remains fixed and does not adjust with profits.

• $50K & $100K Fundamental Accounts – End-of-day drawdown, which updates based on the highest account balance but only adjusts at the end of the trading day.

• $50K & $100K Swing Accounts – End-of-day drawdown, the same as the Fundamental accounts, but with overnight and weekend holding allowed.
  
  

📌 Does Phidias Prop Firm have a daily loss limit for evaluation accounts?

No, Phidias Prop Firm does not have a daily loss limit on any Fundamental, Swing, or Static evaluation accounts, giving traders more flexibility.

📌 Does Phidias Prop Firm have an activation fee after passing the evaluation?

Yes, Phidias Prop Firm requires an activation fee after passing the evaluation. Traders can choose between a monthly fee or a one-time lifetime fee to maintain their funded account.

Here’s the breakdown of activation fees:

• $25K Static Account – Lifetime: $83

• $50K Fundamental Account – Monthly: $86 | Lifetime: $174

• $100K Fundamental Account – Monthly: $107 | Lifetime: $217

• $50K Swing Account – Monthly: $107 | Lifetime: $217

• $100K Swing Account – Monthly: $107 | Lifetime: $270
  
  

📌 What data feed does Phidias Prop Firm use for evaluation accounts?

Phidias Prop Firm provides traders with access to the Rithmic data feed, known for its low-latency, real-time market data. This ensures traders receive fast execution speeds and accurate tick-by-tick pricing during the evaluation phase.

📌 What trading platforms does Phidias Prop Firm support for evaluations?

Phidias Prop Firm supports multiple platforms compatible with the Rithmic data feed, including but not limited to:

• Quantower

• Bookmap

• Sierra Chart

• Motivewave

• Atas

🚨 NinjaTrader is not supported with Phidias Prop Firm’s Rithmic data feed.

📌 Does Phidias Prop Firm allow multiple evaluation accounts?

Yes! Phidias Prop Firm allows traders to run unlimited evaluation accounts, meaning you can attempt as many evaluations as you like.

📌 Does Phidias Prop Firm allow copy trading on evaluation accounts?

Yes, copy trading is allowed during the evaluation phase, but traders must ensure their trading software functions properly and complies with Phidias Prop Firm rules. Phidias Prop Firm does not provide or support copy trading software directly.

📌 Does Phidias Prop Firm allow swing trading during evaluations?

Yes! Swing trading is fully allowed during the evaluation phase if you choose a Swing Account. These accounts allow traders to hold positions overnight and over weekends, making them ideal for longer-term strategies.

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How can I get the best discount on Phidias Prop Firm evaluations?

Traders can always get the best deal on Phidias Prop Firm evaluations by using code SOPF at checkout. If you're interested in learning more about Phidias Prop Firm funded accounts, check out our guide on the top Phidias Prop Firm funded account questions answered—click here to read it now!

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