Does Phidias Propfirm Have a Daily Loss Limit?
The Simple Answer
No. Phidias does not operate a daily loss limit on any account type. Its complete published rulebook covers general rules, EOD drawdown, trading hours, commissions, permitted products, consistency and per-account rules, and a daily loss limit does not appear anywhere in it. Risk is managed entirely through the end-of-day trailing drawdown.
Below is a breakdown of how the Phidias Propfirm daily loss limit applies across every account type the firm offers.
Daily Loss Limit by Account Type
Breakdown by Account Type
Fundamental and Premium accounts
These are the two account types Phidias documents under its End of Day rules, and neither carries a daily loss limit. The evaluation drawdown is $2,500 on the 50K and $3,000 on the 100K. Once funded, the trailing floor stops at $50,100 on the 50K and $100,100 on the 100K, meaning that past that point you can no longer be stopped out by giving back profit alone.
How the EOD drawdown works instead
Your allowed drawdown is calculated at the end of each trading day and does not move during the day, which is what makes intraday freedom possible without a daily cap. If your balance reaches or exceeds the drawdown limit at any point, you are liquidated. When your account sets a new profit peak at the end of the day, the drawdown recalculates using only realised profits, so unrealised gains do not tighten the floor behind you. The daily stop-loss level is adjusted at the end of each session, which closes at 22:00 UTC+2.
Express to Live, 10K Challenge and the LIVE tiers
Phidias publishes separate rule sections for Express to Live, the 10K Challenge and its ELITE and MASTER LIVE accounts, and none of them introduces a daily loss limit either. The progression differs: Fundamental and Premium traders can become eligible for a funded LIVE account after 5 validated payouts or $100,000 in cumulative profits, with the final decision resting with the Phidias risk team, while Express to Live traders hit the profit target on the CASH account and click Switch to Live, which triggers a fixed bonus payout.
What this means day to day
With no daily cap, nothing at Phidias stops you mid-session. The whole risk model rests on the end-of-day floor, which is generous intraday and unforgiving at the boundary, since touching it liquidates you immediately rather than warning you.
Final Comments
Phidias frames its rulebook as designed to be tough and selective, never punitive, and states that traders have free rein on style, scalping, intraday or swing, as long as the trading is legitimate and can be replicated on Phidias corporate accounts.
A daily loss limit is the rule most traders breach first, usually on a day they were already losing. Know your number before the session starts, and check it against your own platform rather than assuming the firm will stop you in time.
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FAQ
Does Phidias Propfirm have a daily loss limit?
No. Phidias does not operate a daily loss limit on any account type. Its complete published rulebook covers general rules, EOD drawdown, trading hours, commissions, permitted products, consistency and per-account rules, and a daily loss limit does not appear anywhere in it.
What is the daily loss limit on a 50K Fundamental account?
No daily loss limit ($2,500 EOD trailing drawdown). These are the two account types Phidias documents under its End of Day rules, and neither carries a daily loss limit. The evaluation drawdown is $2,500 on the 50K and $3,000 on the 100K.
What is the daily loss limit on a 100K Fundamental account?
No daily loss limit ($3,000 EOD trailing drawdown). Your allowed drawdown is calculated at the end of each trading day and does not move during the day, which is what makes intraday freedom possible without a daily cap. If your balance reaches or exceeds the drawdown limit at any point, you are liquidated.
What happens if I hit the Phidias Propfirm daily loss limit?
With no daily cap, nothing at Phidias stops you mid-session. The whole risk model rests on the end-of-day floor, which is generous intraday and unforgiving at the boundary, since touching it liquidates you immediately rather than warning you.
How can I track my Phidias Propfirm daily loss during the session?
Most futures platforms show realised and unrealised profit and loss live, and commissions usually count toward the limit. Set your own alert well before the number rather than trusting the platform to stop you at it.
