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Evaluation resets cost $40 / $64 / $104, or wait 30 days for a free automatic reset
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A funded trading day only counts if it closes at +$150 (50K) / +$200 (100K) / +$250 (150K)
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CASH payout caps per cycle: $2,000 / $2,500 / $2,750; $500 minimum; balance may never drop below start +$100
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30% consistency rule applies to funded CASH only, is measured over at least 4 trading days, and you can cure a breach by growing total profit rather than being failed
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A 150K Fundamental/Premium CASH account counts as TWO accounts against the 5-per-category cap (E2L 150K does not) - and at most 4 such 150K CASH accounts (2 Fundamental / 2 Premium)
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Max 5 Express to Live accounts; blow the E2L-derived LIVE account and you are locked out of new E2L for 1 month
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ELITE LIVE (60 days live + $125K) and MASTER LIVE (120 days live + $250K) are earned tiers for existing LIVE traders that add $25,000 / $50,000 to the starting balance — they are not accounts you can buy
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Copy trading and third-party copiers are allowed, but identical strategies beyond the capital cap can be suspended
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One-tick arbitrage on Treasury bonds is banned, spread trading between maturities is forbidden, and you must trade the front-month contract
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Market data: top-of-book CME free; Rithmic depth $16/mo per exchange or $46/mo for all four (CME, CBOT, NYMEX, COMEX).
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On a LIVE NinjaTrader/Tradovate account the CME feed fees are debited from your trading account, and other exchanges are $156/mo each, subscribed by you; Rithmic and dxFeed accounts pay no data feed fees
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59 restricted countries (incl. South Africa, Philippines, Indonesia, Nigeria, Pakistan, Romania, Bulgaria, Croatia, Slovenia, Malta, Kenya, Sri Lanka, Jamaica, Ecuador, Trinidad and Tobago, Mauritius, Namibia, Botswana)
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Canada is allowed, but outside Ontario the LIVE account is routed through Dorman Trading on Rithmic rather than Tradovate/NinjaTrader
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No refunds on any subscription; a chargeback permanently bans the username
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Payouts run Phidias Wallet -> Rise (RISEWORKS.io); the Wallet is a closed system that cannot take external deposits
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Polarized Trustpilot (59% 5-star, 34% 1-star) — citing account deactivations
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Gibraltar-registered (Phidias Propfirm LTD, Reg. 12401448), French-founded 2023/2024
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E2L payouts and bonuses are ring-fenced: they count for nothing toward the 5-payout / $100,000 thresholds that unlock the discretionary LIVE review on Fundamental and Premium
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You can only ever hold ONE LIVE account, and the route you take closes a door: convert via Fundamental/Premium and you can never buy another Fundamental or Premium challenge (E2L and the 10K Challenge stay open); convert via E2L and you lose E2L but keep Fundamental and Premium.
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Pass another challenge afterwards and the money is credited to the existing LIVE account
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Platform choice changes the mechanics, not just the charts: Tradovate and DeepCharts get a realtime dashboard, instant funded transition and instant payout requests, while Rithmic waits for the end-of-day batch
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A LIVE account converted from E2L is capped at 2 / 3 / 4 / 5 lots by source size, carries a $122/month platform fee that Phidias waives, pays out daily with no maximum ($500 minimum), and may not hold overnight unless separately agreed
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The 10K Challenge tier rewards (-90% for the top 50%, -80% for everyone else) exclude one-time-payment products — they only apply to evaluation fees (monthly on Fundamental/Premium, one-time on Express to Live)
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Account limits are enforced per person, company, address AND IP — not per login — and any CASH account beyond the cap is simply considered lost