What is Phidias' New 25K Static Account?

Updates: Phidias Prop Firm removed the DCA (Dollar-Cost Averaging) and restrictive news trading rules.

Alright, let me break it down for you. Phidias' new 25K Static Account is a game-changer for traders looking to fast-track their way to live capital. I’m talking about a proprietary trading evaluation account that doesn’t follow the typical drawdown rules that leave most traders pulling their hair out. Instead, it keeps your balance static, making it much easier for someone like me (or you) to focus entirely on executing good trades without obsessing over tiny fluctuations in account equity.

Here’s the gist of it: you’re given an account with a starting balance of $25,000. “Static” simply means that the account balance itself doesn’t change based on drawdowns. The cool thing? While most evaluations use trailing drawdowns that adjust as you make profits or losses, this one keeps the funding conditions consistent. That’s huge because, trust me, it gives me way more room to trade confidently without worrying that hitting a profit milestone will somehow shrink my safety net.

Let’s talk rules—every trader wants to know the fine print. From what I’ve seen, this account has fixed rules to meet, like profit targets and daily loss limits. But the standout? The pressure is so much lower when the drawdown isn’t looming over every move.

Breaking Down the Evaluation Process and Rules

1. Evaluation:
   Take the evaluation with the goal of reaching $1,500 and an authorized loss of $500 static.
   

2. Financed Cash Accounts:

   When you meet the $1,500 target in your CASH account, you receive a $1,000 payment bonus and your account(s) are moved to a LIVE account.

For example: The trader reached the $1500 profit target during the evaluation, so his account will switch to a Cash account. After that, he’ll need to hit the $1500 profit goal again with the Cash account to upgrade to a LIVE account. While this is happening, he can ask for a payout of $1000, and the leftover $500 credit will be transferred to the LIVE account.

Here's how the LIVE account works:

For each confirmed CASH 25k static account, your LIVE account is credited with cash allowing you to trade for two lots (or twenty micro lots) with a maximum loss of $500. (Scaling up to 100 E-minis*)

Your validated CASH accounts accumulate, therefore if you have multiple validated CASH Live Static 25K accounts (up to a maximum of 5 per trader), your live account will be credited pro rata.

• No consistency rules (Challenge, Cash and LIVE)

• No minimum number of trading days (Challenge, Cash and LIVE)

• Possible payout of D+1 of Cash account.

• Payouts are available every day, with no maximum amount ($500 minimum).

• Profit Split is 80% for the trader and 20% for Phidias Prop Firm.

  
  

Check out the Promo Code page for a discount on Prop Firm Challenge.

Let's breakdown the Math and Why the 25K Static Account is a Game-Changer

Right now, you can snag an amazing 80% discount with the code "NOMAD." The evaluation account costs just $26.40 as a one-time fee (no monthly subscriptions here). To activate the Cash account, there's a lifetime fee of $83, bringing your total to $109.40. With that initial investment of $109.40, you'll gain access to prop firm funding that offers unlimited potential and an initial cash withdrawal of $1,000 plus a $500 credit, giving you a whopping 10x return on your capital!

The Trader can have up to five (5) CASH 25K static accounts. When one of these accounts meets their goal, an additional $500 credit will be added to the Trader's LIVE account.

Thus, by confirming the objectives of five (5) CASH accounts, the trader can gain up to $2,500 (5 x $500) credit on his LIVE account.

Final Thoughts: Is the $25K Static an Intrigued Offer?

The whole concept is really intriguing right off the bat. I couldn't help but think about the cost compared to the potential benefits. The $25k Static account might not suit everyone since some traders might find the drawdown too restrictive for their strategies. However, for those who are okay with the $25k trailing drawdown account, Phidias has an unbeatable offer. Plus, the Static account is just a step above, especially considering their pricing and the quick path to going live.