These accounts offer immediate and simplified access to Live
The Trader can hold up to five (5) CASH 25K Static accounts. Each time one of these accounts reaches its target, an additional credit of $500 will be added to the Trader's LIVE account.
Thus, by validating the objectives of five (5) CASH accounts, the trader can accumulate up to $2,500 (5 x $500) in credit on his LIVE account.
25K account, static loss of $500. No EOD, no trailing drawdown, target $1500.
Direct access to your LIVE account, once you've reached your CASH target of $1,500.
Authorized news trading (Challenge, Cash and LIVE)
No consistency rules (Challenge, Cash and LIVE)
No minimum number of trading days (Challenge, Cash and LIVE)
Payout possible on D+1 of Cash account
CASH account activation fee $83 LIFETIME
Live: Payout possible every day with no maximum amount ($500 min.)
How it works :
1st stage evaluation
First take the assessment, aiming to reach $1,500, authorized loss of $500 static.
2nd step financed cash account
You reach the goal of $1,500 on your CASH account, you get a $1,000 payout bonus for reaching the goal and your account(s) are transferred to a LIVE account.
How the LIVE account works :
For each CASH 25k static account validated, your LIVE account is credited with funds enabling you to trade for 2 lots (or 20 micro lots) and an authorized loss of $500. (Scaling plan up to 100 E-mini*)
Your validated CASH accounts are cumulative, so if you have several validated CASH Live Static 25K accounts (up to a maximum of 5 per trader) your live account will be credited on a pro rata basis (see example below).
4.Example :
A trader validates 5 CASH Live Static 25K accounts and receives a $5,000 bonus (5x1,000 for each CASH account validated).
His Live account is credited with 2 lots (or 20 micro lots) and an authorized loss of $2500 in total.
5. Advantage for the TRADER:
Simplified access to the Live account Traders with 5 valid CASH accounts can obtain a LIVE account in the same proportions as a 50K Fundamental or Swing account, with the added bonus of a static loss!
A performance bonus for achieving CASH account targets.
6. Specific rules for the Live Static 25K CASH account :
Initial position size 2 E-mini or 20 micro lots.
5 CASH accounts per trader, tax household and Internet connection authorized. Static initial loss of $500.
Trading in business news authorized.
No rules of consistency.
No minimum number of trading days required.
7. Payout to your LIVE account:
- Withdrawal requests can be made on a daily basis, with no obligation to respect a minimum number of trading days or consistency.
- Requests must be for a minimum amount of $500, and as long as the account balance remains above the initial balance + $100, payments are processed daily. Thus, a request can be initiated as soon as the trader's live balance is adjusted on his account.
- Payouts are made exclusively via **RISE**.
- The profit split is 80% for the trader, 20% in favor of Phidias Propfirm.
8 Start LIVE trading account from Static accounts
- Lot size: 2 E-mini lots
- Maximum static loss: $500.00, with possibility of increasing to $2,500
- Scholarship assets available: CME, CBOT, NYMEX and COMEX
- Minimum balance: Traders must leave a minimum starting balance of +$100 in their account when requesting a withdrawal.
- Monthly professional flow fee: $122(offered).
- Trading limits: Over-night and over-week trading is not permitted, unless specifically agreed.
-Profit split 80% Trader / 20% Phidias Propfirm
9.additional information :
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:
1 Switching 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.
2. Switching to a LIVE account via a 25K Static account:
- A trader can convert up to 5 25K Static accounts into a LIVE account, with the option of switching to a deferred account.
- Once in a LIVE account with the equivalent of 5 accounts, he can no longer participate in 25K Static challenges.
- They can only take part in the 10K Drawdown, Fundamental and Swing challenges.
3.10K Drawdown account to LIVE account :
- Can no longer take part in 10K Drawdown challenges.
- Can only take part in the 25K Static, Fundamental and Swing challenges.
4 In the event of failure on a LIVE trading account, the Trader will not be able to subscribe to a new 25K Static challenge for a period of one (1) month.
5.Credit for other successful challenges
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.