At Phidias Propfirm, we understand the importance of financial flexibility for our traders. This is how payments work on your Phidias-CASH account :
Minimum Withdrawal: you can request a withdrawal after a period of 10 trading days, provided that your account meets or exceeds the minimum threshold. The minimum withdrawal allowed is $ 1,000.
Withdrawal requests must be made between the 20th and 25th of each month for payment at the end of the month.
Account minimums : Account minimum thresholds vary depending on the size of your account. Here are the current minimum thresholds :
- $50,000 account - 52 600 $ (2600$)
- $100,000 account - 103 700 $ (3700$)
- 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules in section 18.10K DRAWDOWN account rules)
If your balance falls below the account's minimum threshold, this is not in itself a fault, but you will have to reach the account's minimum threshold again before you can make a withdrawal request.
Processing fees :
Account balance after withdrawal :
The balance of the account after withdrawal can never be less than :
- 50,100 for a 50K Swing or Fundamental account
- 100,100 for a 100 K Swing or Fundamental account
- 10K DRAWDOWN account (see specific 10K DRAWDOWN account rules in section 18.10K DRAWDOWN account rules)
Phidias Propfirm will refuse all withdrawal requests that do not comply with the minimum account balance rules.
Processing fees :
1. When a withdrawal is initiated and processed, Phidias Propfirm will deduct a 20% commission from the withdrawal amount, while the remaining 80% will be credited to your bank account.
For your first request for payment from Phidias Propfirm, certain conditions must be met. You are required to have made actual trades on a minimum of 10 (ten) separate and individual trading days, in accordance with our guidelines, before you are eligible to make your first claim for payment. In addition, each payment request during the first 3 payouts requests also requires a minimum of 10 (ten) separate trading days between them. It is important to note that these 10 active trading days extend from one claim to the next and are not linked to the approval dates of previous claims, when funds were deducted from the trading account, or when payments were sent or received. In other words, there must be a minimum of 10 separate trading days between each withdrawal request, whether approved or declined during the first 3 withdrawals of the account's life.
Please note that our system only considers a trading day as complete after the market close and at the start of the 11th day. For example, if today is your 10th trading day, you will not be able to submit a withdrawal request until the close and update of that 10th day. It is important to understand that our system is automated, and no exceptions can be made outside these rules. If you fail to meet a deadline, your payment request will be carried over to the next payment request period, where it will be processed.
To check the number of trading days you have accumulated, you can consult your Phidias Customer Dashboard. If you have not yet reached the minimum number of trading days required, you will have to wait to make your request.
The minimum withdrawal amount is $1,000. In addition, a minimum balance must be maintained after the payment when you are on CASH accounts. These maximum payment amounts are detailed below. Please note that each withdrawal is counted as a “withdrawal”. These maximum limits remain in force until the trader is in a LIVE account.
When you receive income from Phidias Propfirm, you are treated as a sole trader. You must keep your address up to date with us to receive your funds, and your payment details must match your registration details (same legal entity or natural person, and same address).
During the first three withdrawals, a maximum withdrawal amount is set according to the size of your account. You are authorised to request a withdrawal once a month, provided you meet the minimum balance requirements and wait at least 10 trading days between each request.
The maximum withdrawal amount for each payment period depends on the size of your account:
50,000 account: You can withdraw up to $2,000 per payment period.
100,000 account: You can withdraw up to $2,500 per payment period.
If you have multiple accounts, you can withdraw up to the maximum amount from each account during each payment period. For example, you can withdraw up to $2,500 from each account once a month, for a total of $25,000 per month.
Phidias Propfirm cannot provide tax advice or answer questions about taxes, returns, citizenship, work visas or other tax issues. Please do not submit tax questions to the helpdesk, but rather contact a tax advisor or accountant in your jurisdiction.
Payment options : Payments are made via RISEWORKS.io. At Phidias Propfirm, we are committed to providing you with a simple, transparent and fast payment process.
Global withdrawal rules and transition to a LIVE account (Update 2025)
Example 1 :
Trader reaches a total withdrawal amount of $75,000 from CASH accounts = last payment within the threshold :
When the trader reaches a cumulative total withdrawal of $75,000 from CASH accounts, he will receive his final payout up to this threshold.
LIVE account credit: Once the threshold has been reached, the trader's LIVE account will be credited according to the remaining balances on his still active CASH accounts, provided they are greater than the initial balance +$100, and within the following limits:
Up to $750 LIVE credit for each active CASH 50K account.
Up to $1,000 LIVE credit for each active CASH 100K account.
Example 2 :
Proposal for early switchover to LIVE account = Payout limited to the withdrawal period threshold :
In the event of early switchover to a LIVE account, the payout will be made in accordance with the conditions stipulated in the contract, respecting the withdrawal limits applicable to the first three withdrawals per account and up to a total limit of $75,000.
LIVE account credit :
The trader's LIVE account will be credited according to the remaining balances on his still active CASH accounts, provided they are greater than the initial balance, and within the following limits:
Up to $750 LIVE credit for each active CASH 50K account.
Up to $1,000 LIVE credit for each active CASH 100K account.
Additional notes
LIVE credits are calculated on the basis of active balances remaining at the time of withdrawal. These rules are designed to reward high-performing traders while offering them a smooth, optimized transition to a LIVE account.
Practical example:
One trader has accumulated a total of $73,000 in payouts at Phidias PropFirm and has 5 active CASH 50K Fundamental accounts with the following balances:
- Account 1: Balance of $58,000 (eligible for payout).
- Accounts 2, 3 and 4: Balances of $51,500 each (not eligible for payout but higher than initial balance).
- Account 5: Balance of $49,500 (less than initial balance, therefore lost).
Payout request and transition to LIVE account
The trader requests a payout on his account 1 during the next period, enabling him to reach the total withdrawal limit of $75,000. Here's how it works:
He will receive a payout of $2,000 for account 1, thus reaching the total authorized withdrawal limit of $75,000.
A proposal to switch to a LIVE account will then be made.
LIVE account credit terms
The credit on his LIVE account will be calculated as follows:
Account 1: After the payout, the balance increases from $58,000 to
56,000 (higher than the initial balance of 50K). He will therefore receive a $750 credit on his LIVE account.
Accounts 2, 3 and 4: Although not eligible for payout, their balances of $51,500 (above the initial balance) allow a credit of $750 per account, for a total of $2,250.
Account 5: Its balance of $49,500 (less than the initial balance) results in the loss of this account, with no credit to the LIVE account.
LIVE account and challenge rules
LIVE account uniqueness
A trader can only have one LIVE account. Once a trader has switched to a LIVE account, his or her options for participating in other challenges depend on the type of account from which the switch was made:
Switch to a LIVE account via a Fundamental or Swing account :
*No longer eligible for Fundamental and Swing challenges.
*Can only take part in 10K Drawdown and 25K Static challenges.
Switch to LIVE account via 25K Static accounts :
*No longer eligible for 25K Static challenges (5 accounts max)
*Can only participate in 10K Drawdown, Fundamental, and Swing challenges.
Switch to LIVE account via a 10K Drawdown account:
*Can no longer take part in 10K Drawdown challenges.
*Can only take part in the 25K Static, Fundamental and Swing challenges.
Credit for other challenge successes
If a trader who already has a LIVE account successfully completes another challenge that would normally lead to the opening of a LIVE account, he or she will not receive a second LIVE account. Instead, the amounts for this type of account will be credited directly to their active LIVE account.