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1201 N Orange St, Suite 7149 Wilmington, DE 19801, United States
Suite 4.3.02, Block 4, Eurotowers, Gibraltar, GX11 1AA
United States
Gibraltar
2022
2023
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.
- Legacy Master: requests can be submitted at any time and are processed weekly on Wednesday.
- Momentum Master and Fast Track: eligible requests submitted before 12:01 PM CT, Monday–Friday, are processed the same day.
Fundamental: every 10 qualifying trading days. Premium: every 5 qualifying days. LIVE from Express to Live: daily.
Phidias states that 90% of payouts are processed in under 30 minutes and all payouts within 24 hours.
Legacy Master — first three payouts:
| Account | Maximum |
|---|---|
| 25K | $1,000 |
| 50K | $1,500 |
| 100K | $1,750 |
| 150K | $2,000 |
| 250K grandfathered accounts | $2,500 |
Momentum Master:
| Account | 1st | 2nd | 3rd | 4th+ |
|---|---|---|---|---|
| 25K | $1,000 | $1,000 | $1,000 | $1,000 |
| 50K | $1,500 | $2,000 | $2,500 | $3,000 |
| 100K | $2,000 | $2,500 | $3,000 | $4,000 |
| 150K | $2,500 | $3,000 | $4,000 | $5,000 |
Fast Track:
| Account | 1st–3rd | 4th+ |
|---|---|---|
| 25K | $1,000 | $1,250 |
| 50K | $2,000 | $2,500 |
| 100K | $2,500 | $3,000 |
| 150K | $3,000 | $3,500 |
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.
- Legacy Master: $1,000.
- Momentum Master: $500 on 25K; $1,000 on 50K, 100K and 150K.
- Fast Track: $1,000.
$500.
- Momentum Master: 5 qualifying profitable days per cycle. Minimum profit per qualifying day: $100 on 25K, $150 on 50K, $200 on 100K and $250 on 150K. Minimum balances: $26,500, $53,000, $104,500 and $156,500 respectively.
- Fast Track: later payout goals after the first payout are $1,000 on 25K, $2,000 on 50K, $3,000 on 100K and $4,500 on 150K.
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.
- Legacy Qualification: resets cost $78. Active recurring Legacy subscriptions keep the free reset available on their renewal date.
- Momentum Qualification: reset available; price not announced. A reset does not extend the 30-calendar-day validity.
- Fast Track: no reset option.
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.
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.
- Legacy No Scaling Account: real-time Trailing Drawdown.
- Legacy EOD Account: End-of-Day Drawdown.
- In Legacy Master accounts, both thresholds stop moving when they reach the initial balance +$100.
- Momentum and Fast Track Option 1: Trailing Drawdown.
- Momentum and Fast Track Option 2: EOD Drawdown.
- The amount for each account appears in the challenge table.
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.
- First $10,000 in eligible cumulative profits per trader profile: 100% to the trader.
- Thereafter: 90% to the trader and 10% to Bulenox.
- The first-$10,000 threshold is shared across accounts and products.
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.
The Rithmic 14-day free trial (equivalent to 10 trading days) is offered directly by Rithmic and is available only to traders who have not previously registered or used Rithmic services.
Legacy:
Only EOD accounts have a Daily Loss Limit. If it is reached, trading is paused for the rest of the day without being treated as a rule breach. It stops applying when the maximum drawdown reaches the initial balance.
| Account Size | Daily Loss Limit |
|---|---|
| $10K | $400 |
| $25K | $500 |
| $50K | $1,100 |
| $100K | $2,200 |
| $150K | $3,300 |
| $250K grandfathered accounts | $4,500 |
Momentum and Fast Track:
Option 1 has no Daily Loss Limit. Option 2 has a Daily Loss Limit where specified in the challenge table.
There is no daily loss limit on Express to Live, Fundamental, or Premium.
- Unlimited Qualification accounts.
- Shared limit of 5 Master-level accounts across the Bulenox products.
| Account Size | Minimum Buffer |
|---|---|
| $25,000 | $1,600 |
| $50,000 | $2,600 |
| $100,000 | $3,100 |
| $150,000 | $4,600 |
| $250,000 | $5,600 |
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.
Once the funded account is achieved, all active master accounts must be merged into a single funded account.
- Legacy and Momentum Qualification: 30 calendar days from activation.
- Fast Track: not applicable because there is no Qualification.
- Legacy Qualification: 1 trading day to pass. Legacy Master: 10 trading days before payout.
- Momentum Qualification: 1 trading day to pass. Momentum Master: 5 qualifying profitable days per payout cycle.
- Fast Track: no minimum trading days before payout.
- Funded Account: 5 trading days per payout.
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.
- Legacy Master: one-time activation fee; amounts applicable from August 17 must be confirmed at checkout.
- Momentum Master: no activation fee.
- Fast Track Master: activation is included in the one-time Fast Track fee.
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.
- Momentum Master: 5 qualifying profitable days per payout cycle.
- Fast Track: no minimum profitable-day requirement.
On Fundamental and Premium CASH accounts, a qualifying day must close with at least $150 on 50K, $200 on 100K, or $250 on 150K.
Only EOD accounts have scaling.
$10K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| No Scaling | 5 Micro-Contracts |
$25K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| $0 – $1,500 | 2 |
| $1,501 + | 3 |
$50K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| $0 – $1,500 | 2 |
| $1,501 – $4,000 | 4 |
| $4,001 + | 7 |
$100K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| $0 – $2,000 | 3 |
| $2,001 – $3,000 | 5 |
| $3,001 – $5,000 | 8 |
| $5,001 + | 12 |
$150K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| $0 – $4,000 | 5 |
| $4,001 – $8,000 | 8 |
| $8,001 – $12,000 | 10 |
| $12,001 + | 15 |
$250K EOD Account Scaling
| Profit Range | Max Contracts |
|---|---|
| $0 – $5,000 | 6 |
| $5,001 – $12,000 | 12 |
| $12,001 – $20,000 | 18 |
| $20,001 + | 25 |
On LIVE accounts, traders may request a contract-limit increase in writing. The risk team may approve, reject, or adjust the limit.
- Legacy Qualification and Momentum Qualification: one-time purchase with no recurring subscription; valid for 30 calendar days.
- Active Legacy subscriptions opened before August 17, 2026 remain under their existing subscription terms.
- Fast Track has no Qualification stage.
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.
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.
DCA is allowed to smooth entry points, provided consistent risk management is maintained.
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.
Allowed within the maximum account limits. Identical strategies exceeding the authorized allocation may result in account suspension.
- Legacy Master: 40%.
- Momentum Master: 35%.
- Fast Track: 20% for the first payout, 25% for the second and 30% from the third onward.
- No consistency rule applies during Qualification.
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.
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.
Allowed only on Premium. Fundamental and Express to Live must close before the end of the session.



















