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7901 4th St N Ste 300, St. Petersburg, FL 33702, United States

Suite 4.3.02, Block 4, Eurotowers, Gibraltar, GX11 1AA

United States

Gibraltar

2023

After the three Ascension cycles you move to a Live account with Midgard's real capital, starting at $1,000 to $4,000 by size. Minimum balance: 30% of the highest end-of-day balance, which only rises; if equity touches it, the account is liquidated. No targets or payout caps. It requires extra verification (proof of address, phone and tax ID) and the trader pays their own market data.

Express to Live converts the CASH account to LIVE after reaching its CASH target and requesting the first payout through “Switch to Live”. Phidias states that the full path from signup to first payout and LIVE conversion can be completed in 48 hours on every E2L size. Fundamental and Premium may transition to LIVE after 5 payouts or $100,000 in cumulative profits, subject to the risk team’s discretion.

• Raid: once per CME session; after a payout, wait for the next session (6 PM ET).
• Conquest: after 5 days at the minimum daily profit ($200, $250, $300 and $350 by size) and total profit of at least 5 times that minimum.
• Ascension: one bounty each completed cycle.

Fundamental: every 10 qualifying trading days. Premium: every 5 qualifying days. LIVE from Express to Live: daily.

Paid as soon as you confirm an eligible request. It can be held while your latest fills are checked (about 15 minutes) or while the account is under review.

Phidias states that 90% of payouts are processed in under 30 minutes and all payouts within 24 hours.

• Raid Light Armor: $1,000, $1,500, $2,000 and $2,500 per request (25K to 150K).
• Raid Plated: $10,000 per request on every size.
• Conquest: up to 50% of profit, capped at $1,000, $1,500, $2,000 and $2,500 on Light Armor and $2,500, $5,000, $7,500 and $10,000 on Plated.
• Live: no cap.

Fundamental and Premium: up to $2,000 per cycle on 50K, $2,500 on 100K, and $2,750 on 150K. LIVE accounts originating from Express to Live have no maximum daily limit.

$250 per request on Raid and Conquest. Ascension pays fixed bounties.

$500.

• KYC with Sumsub (ID and facial check) before the first payout.
• Payouts go through Rise or Dots, which ask for their own onboarding and tax forms.
• Microscalping: at most 50% of trades or profit since the last payout can come from trades under 12 seconds.
• Raid: the buffer must stay intact after each payout.
• Light Armor: you can only withdraw profit made since the last payout. Plated: the same, but only after a payout taken while profit was above the cap.

Fundamental and Premium apply a 30% consistency rule on CASH accounts. A qualifying day must generate at least $150 on 50K, $200 on 100K, or $250 on 150K. Express to Live uses a separate bonus and automatic LIVE conversion system.

Up to 3 resets per Trial account, bought manually. They restore the starting balance and erase the account history. Non-refundable.

Fundamental and Premium allow unlimited evaluation resets. A failed subscription also resets with the next 30-day renewal. Express to Live does not allow resets. Premium CASH permits one funded-account reset.

PLAT End-of-Day Drawdown boost: a Trial bought with it trails the highest end-of-day balance instead of intraday equity. Its price is not public.

Market-depth data and additional exchanges can be purchased from the member area.

LIVE accounts may advance to ELITE after 60 days and a $125,000 balance, or MASTER after 120 days and $250,000. Transition remains subject to risk review.

Intraday trailing: it follows the highest equity, unrealized profit included. On the Trial it locks at the profit target. Once funded it locks at the starting balance when profit reaches the buffer, which equals the drawdown. Losses and payouts reduce it dollar for dollar; at zero the account fails.

Express to Live uses a static drawdown that never moves. Fundamental and Premium use trailing drawdown calculated at the end of the day; the limit remains fixed during the session.

80% on Raid and Conquest. Ascension pays fixed 100% bounties.

Express to Live and Fundamental: 80%. Premium: 75% on the first payout, 80% on the second, 85% on the third, 90% on the fourth, and 100% from the fifth onward on the CASH account. LIVE accounts: 80%.

No daily loss limit.

There is no daily loss limit on Express to Live, Fundamental, or Premium.

Up to 5 active accounts at once, Trial or funded: $750,000 with five 150K accounts.

Raid only: the buffer equals the account drawdown and only profit above it can be withdrawn. Conquest has no buffer.

A minimum threshold applies when requesting a payout, but withdrawals may reduce the balance to $50,100, $100,100, or $150,100. Phidias does not treat this as a locked buffer.

5 active accounts at once and no more than 20 new funded accounts in any 30 days.

Unlimited evaluation accounts. A trader may operate a LIVE account while pursuing a new evaluation. Simultaneous maximum: 5 Fundamental CASH, 5 Premium CASH, and 5 Express to Live CASH/LIVE accounts. The 10K Drawdown Summer Edition allows unlimited simultaneous entries, with only the trader’s best account counting on the leaderboard. Fundamental and Premium 150K accounts count as two slots in their category.

No deadline, but you must trade at least once every 28 days.

• Trial: 3 days on Light Armor and 5 on Plated.
• Ascension: 5 days per cycle, not necessarily in a row.

Evaluation: 0 days on Express to Live, 3 on Fundamental, and 1 on Premium. CASH: 0 days for the Express to Live bonus, 10 qualifying days between payouts on Fundamental, and 5 on Premium.

No activation fee on purchased accounts. Free accounts (100% code, gift or giveaway) may pay a one-time activation when moving to funded: $49 on Light Armor and $99 on Plated.

PLAT: points for purchases, milestones and promotions, which can also be bought. They cannot be withdrawn, have no cash value and are reversed if the purchase is refunded.

Phidias Wallet centralizes account subscriptions, bank or cryptocurrency withdrawals, purchases, activations, and LIVE-account funding directly from earnings. Phidias Points are an internal unit that cannot be transferred outside the ecosystem.

• Conquest: 5 days at the minimum daily profit for its size.
• Raid and Ascension: none.

On Fundamental and Premium CASH accounts, a qualifying day must close with at least $150 on 50K, $200 on 100K, or $250 on 150K.

On LIVE accounts, traders may request a contract-limit increase in writing. The risk team may approve, reject, or adjust the limit.

One-time fee per account, no subscription or rebills. You pick the platform at checkout.

Bots, AI execution and mass order entry are forbidden.

Robots, fully automated algorithms, and HFT are prohibited. Semi-automated software is allowed when the trader actively monitors and manually adjusts every trade.

Hedging is prohibited on the same underlying within one account (including ES vs MES), between CASH accounts, and through coordinated opposite trades between traders; violations can close all involved accounts and lead to a ban. Multiple assets may be traded simultaneously, but the contract cap applies across all symbols; bypassing it can close the account without refund.

Trades under 12 seconds count as microscalping and cannot exceed 50% of trades or profit. Tick scalping is forbidden.

DCA is allowed to smooth entry points, provided consistent risk management is maintained.

Contract limit by account size, in minis or micros.

Phidias requires consistent position sizing and risk management. Lottery-style trading, excessive margin usage, or non-replicable patterns may lead to reduced contracts or account closure.

Only between your own Midgard accounts. Copying other traders or signal services is forbidden.

Allowed within the maximum account limits. Identical strategies exceeding the authorized allocation may result in account suspension.

Free on the Trial. Once funded, stay flat from 2 minutes before to 2 minutes after NFP, CPI and FOMC; other news is free.

At least one trade every 28 days, counted from purchase or the last reset. Otherwise the account is closed with no refund; they email about 5 days before.

40% on the Trial only: the best day cannot exceed 40% of profit. You need the target or the best day divided by 0.4, whichever is higher. None once funded.

There is no consistency rule during evaluation or on Express to Live. On Fundamental and Premium CASH accounts, no single day may represent more than 30% of total profit. It is calculated over at least 4 days.

Allowed only on Premium. Fundamental and Express to Live must close before the end of the session.

• Bots, AI or mass order entry
• One- or two-tick tick scalping
• Exploiting simulated fills: rapid-fire orders, gaps, slippage-free stops, tight brackets and auto-breakeven
• Latency arbitrage or price errors
• Hedging across accounts and opposite positions in correlated products (NQ and MNQ)
• Martingale or averaging down
• Copying other traders or trading for others
• VPN, proxy or an external or slow data feed

Robots and fully automated trading; HFT; lottery-style or full-margin trades during high-volatility news; old or illiquid contracts; spreads between expirations; one-tick Treasury-bond arbitrage; exploitation of technical or market errors.

Everything is flattened automatically at 4:45 PM ET and you stay flat until the 6:00 PM ET reopen.

Allowed only on Premium. Fundamental and Express to Live must close before the end of the session.