Challenge at a Glance
Account Sizes
$25K, $50K, $100K, $150K
Challenge Price (from)
$88
Profit Target P1
N/A
Profit Target P2
N/A (single phase)
Max Daily Loss
N/A
Max Total Loss
N/A
Min Trading Days
3 days
Time Limit
Unlimited
Payout Split
80%
Risk Management Calculator
Position sizing based on 1% risk per trade on a 1 standard lot EUR/USD position.
| Account Size | Daily Loss Limit | 1% Risk/Trade | SL (1 lot EURUSD) | Max Open Trades |
|---|---|---|---|---|
| $25,000 | $1,250 | $250 | 25 pips | 2 |
| $50,000 | $2,500 | $500 | 50 pips | 2 |
| $100,000 | $5,000 | $1,000 | 100 pips | 2 |
| $150,000 | $7,500 | $1,500 | 150 pips | 2 |
4-Week Strategy Framework
Week 1Foundation & Adaptation
Objective
Focus solely on understanding Phidias's platform, execution quality, and your strategy's performance in their environment. Aim for modest gains while completing the minimum 3 trading days requirement. Target 2-4% profit with emphasis on consistency over size.
Position Sizing
Start extremely conservative with 0.5-1% risk per trade. With no daily or total loss limits, the biggest risk is overconfidence leading to large losses. Keep position sizes small until you understand how your strategy performs on their platform and spreads.
Mindset
This is reconnaissance, not conquest. You have unlimited time, so there's zero rush. Every trade is a learning opportunity about execution, slippage, and platform behavior. Treat this week as expensive education rather than profit generation.
If Ahead
Excellent start, but don't let early success inflate your risk appetite. Maintain the same conservative sizing and focus on process refinement. Document what's working and why - this data becomes invaluable for later weeks.
If Behind
Perfect - you're learning without catastrophic losses. With unlimited time and no drawdown limits, small losses now are investments in future success. Focus on execution quality and strategy refinement rather than trying to recover quickly.
Week 2Consistency Building
Objective
Establish a reliable trading rhythm and begin building meaningful profits. Target 5-8% total profit by week's end. Focus on trade frequency that matches your strategy's edge while maintaining quality over quantity.
Position Sizing
If Week 1 went well, gradually increase to 1-1.5% risk per trade. The key with Phidias is that you can afford to be patient - no daily loss limits mean you can weather normal trading variance. Size for long-term success, not quick profits.
Mindset
You're building a business, not gambling. With unlimited time, your biggest advantage is patience. Focus on executing your highest-probability setups and let the edge compound. Every day you don't blow up is a day closer to funding.
If Ahead
You're ahead of schedule, which is perfect. Use this cushion to maintain conservative sizing while fine-tuning your approach. The goal isn't maximum profit - it's demonstrating consistent profitability that Phidias wants to scale up.
If Behind
The unlimited timeframe is your friend here. Don't increase risk to 'catch up' - there's nothing to catch up to. Focus on executing quality trades and let the profits accumulate naturally. Phidias values consistency over speed.
Week 3Momentum & Discipline
Objective
Build on your established routine and push for more significant profits while maintaining discipline. Target 12-18% total profit. This is where many traders get overconfident - don't be one of them.
Position Sizing
If consistently profitable, consider 1.5-2% risk per trade maximum. Remember, Phidias has no loss limits, which means your only real constraint is your own risk management. This freedom can be dangerous if you let position sizes creep up too aggressively.
Mindset
This is typically where challenges are won or lost. You have momentum, but overconfidence kills more prop traders than bad strategy. Stick religiously to your process. The finish line is visible, but it's not crossed yet.
If Ahead
Outstanding progress. Now is when discipline matters most. Don't increase sizing just because you're ahead - instead, focus on protecting your gains while continuing to execute quality trades. You're building a track record, not chasing a number.
If Behind
With unlimited time, being behind schedule is merely a planning issue, not a crisis. Resist any urge to increase risk or force trades. Your edge hasn't changed - maintain your process and let time work in your favor. Consistency beats heroics every time.
Week 4Professional Finish
Objective
Close out the challenge professionally with a solid profit buffer. Target 20%+ total return while demonstrating the consistency and risk management that Phidias wants to see in a funded trader.
Position Sizing
Maintain your proven sizing model - likely 1.5-2% risk per trade if you've been consistently profitable. Don't increase sizing just because you're near the finish line. Phidias is evaluating you as a potential long-term partner, not just looking at final P&L.
Mindset
Trade like you're already managing their capital, because that's exactly what you're auditioning for. Every trade should reflect the professionalism and risk awareness they want to scale up. Focus on ending strong rather than ending big.
If Ahead
Perfect position. Your job now is to not mess up a winning situation. Continue trading your proven process, but consider slightly reducing size if you're well ahead. Show Phidias you can protect capital as well as grow it.
If Behind
This is why unlimited time is such an advantage. You're not behind - you're just taking longer to demonstrate your edge. Maintain your process, don't force trades, and let your strategy work. Phidias values sustainable trading over quick profits.
Phidias PropFirm Rule Guides
Frequently Asked Questions
Disclaimer: This guide is for informational and educational purposes only. It does not constitute financial advice or a guarantee of passing the Phidias PropFirm challenge. Challenge rules and pricing change regularly — always verify current terms at Phidias PropFirm's official website. Last updated: 2026-03-24.