Phidias Propfirm Trading Rules Explained
Gibraltar-registered futures firm: Express to Live, Fundamental and Premium accounts.
We don't recommend this firm, so we don't list a code.
Phidias Propfirm rules: what you can and can't do
News trading: Allowed
You can open and close trades around high-impact news releases.
Holding overnight: Allowed
You can keep positions open past the end of the trading day.
Holding over the weekend: Allowed
You can keep positions open from Friday close to the Monday open.
EAs, bots & algorithms: Not allowed
Trade manually. Automated strategies are not allowed.
Copy trading: Allowed
You may copy your own trades between accounts at this firm.
Hedging: Not stated
The firm doesn't say. Ask support in writing before you rely on it.
Loss limits by plan
Express to Live (static drawdown)
- Daily
- None
- Max
- 1.3%
- Min days
- 0
Static. Your loss limit is fixed from the starting balance. Profits never move it up, so gains give you extra room.
Fundamental (EOD trailing)
- Daily
- None
- Max
- 5%
- Min days
- 3
Trailing (end of day). Your loss limit follows your highest end-of-day balance. Swings during the day don't move it.
Premium (overnight and weekend holds)
- Daily
- None
- Max
- 5%
- Min days
- 1
Trailing (end of day). Your loss limit follows your highest end-of-day balance. Swings during the day don't move it.
Fine print
- Consistency rule: Funded CASH accounts (Fundamental, Premium): best day at most 30% of total profit over at least 4 trading days. None on Express to Live. How consistency rules work →