Phidias Propfirm offers traders an 80/20 profit split, meaning you keep 80% of your net trading profits while the firm retains 20%. Payouts occur bi-weekly, with withdrawal requests processed between the 1st-14th and 15th-end of each month. Traders must meet performance targets, adhere to risk management rules, and comply with prohibited trading strategies to qualify for payouts.
Key highlights:
- Profit Split: Keep 80% of net profits.
- Payout Schedule: Bi-weekly (1st-14th, 15th-end of the month).
- Processing Times: 1-2 business days for digital payments, 3-5 days for bank transfers.
- LIVE Credits: Withdrawal amounts depend on profits above your initial balance.
- Monthly Payout Caps: Limits apply across all your accounts.
To avoid payout issues, ensure compliance with drawdown limits, maintain proper records, and double-check all account details before submitting withdrawal requests. Follow these steps to streamline your payout process and maximize your earnings.
Phidias Payout Fundamentals
What Are Payouts?
Payouts are the cash distributions that funded traders earn from their successful trades using Phidias Propfirm’s capital. When you trade profitably, the money you generate doesn’t go straight into your pocket. Instead, it passes through a structured system designed to manage and distribute those earnings.
Think of payouts as a performance-based trading income. Unlike a regular job with a fixed paycheck, your earnings here depend entirely on how well you trade within Phidias’s rules. The better your trading results, the more you can withdraw.
Once you’re funded, any profits you make are eligible for withdrawal based on the firm’s profit-sharing agreement and payout schedule. Let’s break down how this profit-sharing works.
80/20 Profit Split Explained
Phidias uses an 80/20 profit-sharing model, meaning you take home 80% of your net profits while the firm retains 20%. This setup ensures you keep the majority of your earnings.
Here’s an example: If you make $1,000 in net profits during a trading period, you’ll receive $800, and Phidias will retain $200. This 80% share is considered one of the most competitive arrangements in the prop trading industry, allowing traders to maximize their take-home earnings.
The best part? You don’t need to calculate this split yourself. The system handles everything automatically through your trading dashboard. It tracks your net profits and applies the 80/20 split when you request a payout. Just remember, the split is based on your net profits, not your overall account balance or trading volume.
When Payouts Happen
Phidias operates on a bi-weekly payout schedule, so you can request withdrawals twice a month. This regular cycle ensures you have consistent access to your earnings without long delays.
The payout periods run from the 1st to the 14th of the month and from the 15th to the end of the month. It’s a good idea to check your trader dashboard for the most up-to-date payout dates, as schedules may occasionally shift due to holidays or system updates.
Processing times for withdrawals depend on the method you choose. Bank transfers typically take 3-5 business days, while digital payment options like PayPal or Skrill usually process within 1-2 business days. International transfers might take longer because of banking regulations or currency conversions.
You’re not obligated to withdraw your profits every cycle. If you’d rather let your earnings accumulate for a larger payout, you can skip a cycle and request the funds during a later one. This flexibility allows you to manage your payouts in a way that suits your trading goals.
How to Request a Payout: Step-by-Step Process
Meeting Payout Requirements
Before you can request a payout, make sure your account meets all the necessary requirements. You can check this directly in your trader dashboard. Once everything is in order, you’re ready to move forward.
Making a Payout Request
To initiate your payout, log in to your trader portal and go to the "Payouts" section. Follow the on-screen instructions to complete your request – it’s a straightforward process.
Processing Times and Schedules
Once your payout request is submitted, it typically gets approved within 1–4 hours. After approval, you can expect the funds to hit your account within 24–48 hours.
Payout Rules and Requirements
Understanding and following Phidias’s payout rules is crucial to safeguarding your funds and staying within the platform’s guidelines.
Drawdown and Loss Limits
Your account’s specific type determines the drawdown and loss limits you need to follow. These limits are designed to help manage risk effectively:
- Daily Loss Limits: These cap the amount you can lose in a single day, based on your session’s starting balance. Exceeding this limit can result in temporary restrictions.
- Maximum Drawdown Limits: This sets the total loss allowed relative to your account’s peak value. As your account grows, these limits may adjust. Reaching or surpassing these thresholds could result in restrictions or even account closure.
Since the thresholds vary by account size, always check your account dashboard for the exact figures relevant to your account.
Prohibited Trading Strategies
Phidias enforces rules to ensure trading performance reflects genuine skill. Certain strategies are not allowed, including:
- Copying another trader’s actions.
- Exploiting short-term market fluctuations.
- Using techniques to artificially reduce risk, such as offsetting trades across multiple accounts.
These restrictions aim to maintain a fair trading environment where your performance showcases your individual abilities. For a full list of prohibited strategies, consult your account guidelines. Keeping accurate records will also help demonstrate compliance.
Record Keeping Requirements
Maintaining detailed records is essential for smooth payouts and tax reporting:
- Keep a trading journal.
- Save payout confirmations, bank receipts, and account statements.
- Retain communications with Phidias support.
Organizing these documents in secure digital storage, sorted by date, can make reviews or resolving disputes much easier in the future.
LIVE Credits and Payout Limits
Phidias uses a system of LIVE credits to measure your account’s growth and determine how much you can withdraw. This approach ties your withdrawal capacity directly to your trading performance, which is particularly relevant if you’re managing multiple accounts.
How LIVE Account Credits Work
LIVE credits represent the profit you’ve earned above your initial account balance and are available for withdrawal.
For instance, if your $200,000 account grows to $235,000, you gain $35,000 in LIVE credits. With an 80/20 profit-sharing split, you can withdraw $28,000.
These credits adjust dynamically – rising with profits and falling with losses – providing an accurate reflection of your trading performance. This ensures payouts are based on actual results rather than temporary fluctuations in account value.
Payout Caps and Multiple Accounts
Phidias imposes a monthly payout cap that applies across all your active accounts.
If you manage multiple accounts, your total payout limit is shared among them rather than being allocated separately to each account. For example, if your monthly payout cap is $50,000 and you operate three accounts, that $50,000 is the combined withdrawal limit across all three accounts.
The payout cap resets every month, giving you a new withdrawal capacity. However, unused withdrawal limits from previous months don’t roll over, so it’s important to time your withdrawals carefully.
Additionally, if you hold multiple accounts, you may need to meet extra verification requirements. These could include providing detailed trading records for all accounts and proving that your strategies comply with the firm’s policies, such as avoiding hedging between accounts.
LIVE Credit Calculation Example
Here’s a practical example to clarify how LIVE credits work:
- Starting with a $200,000 account, you grow it to $235,000, earning $35,000 in LIVE credits. With an 80/20 split, $28,000 is available for withdrawal.
- After withdrawing $15,000, further growth to $245,000 increases your credits to $45,000, allowing $36,000 for withdrawal.
- A decline to $210,000 reduces your credits to $10,000, leaving $8,000 available for withdrawal.
This system provides a real-time snapshot of your trading performance, ensuring payouts are tied directly to actual profits.
Fixing Common Payout Problems
Encountering issues with withdrawals? These problems typically fall into three main areas: delays in processing, unexpected discrepancies in payout amounts, and complications with eligibility. Tackling these issues quickly is key to resolving them.
Handling Payout Delays
Delays in payouts often happen when extra documentation is needed or when account updates trigger a review. For example, if your account shows signs of non-compliance, it may prompt an additional review, which can slow down approval.
To avoid delays, make sure your account information is always up-to-date and that your trading activities align with Phidias’s policies. If a delay does occur, check your account notifications for any requests for documents and respond as soon as possible.
Wrong Payout Amounts
Sometimes, the payout you receive might not match what you were expecting. This can happen due to factors like LIVE credit adjustments, fees, or monthly payout caps. If you manage multiple accounts, the monthly cap could apply to the total across all accounts, not just one.
If the credited amount seems off, go through your account statement to identify any deductions or adjustments. If the issue still doesn’t make sense, reach out for direct support to clarify the discrepancy.
Getting Help
Phidias provides a Help Center with resources like fee breakdowns, processing timelines, and troubleshooting guides. These tools can often resolve common payout concerns.
Still stuck? Contact Phidias support through their official channels. When you reach out, include your account details and a detailed explanation of the issue. This will help the support team address your concern faster.
For extra backup, keep screenshots and copies of any correspondence related to your request. These records can be incredibly helpful if you need to escalate your case.
Conclusion: Getting Your Phidias Payouts Right
To successfully manage your Phidias payouts, it’s essential to understand the system, stick to the rules, and plan your withdrawals carefully. Here’s a quick recap of the key points and practical tips to help you secure consistent payouts.
Main Points to Keep in Mind
The 80/20 profit split means that for every $3,000 you request, you’ll receive $2,400.
Timing matters. Submit your payout requests between the 20th and 25th of each month to align with Phidias’s processing schedule. Once approved, funds are typically transferred within 24-48 hours via RISE or RISEWORKS platforms.
Always check your dashboard to confirm the minimum withdrawal threshold specific to your account.
LIVE credits can significantly enhance your earnings when managed strategically. To qualify, ensure your CASH accounts remain above their initial balances before requesting payouts. Credits range from $750 for 50K accounts to $1,250 for 150K accounts, depending on your account size.
Adhere to all risk parameters to maintain eligibility for withdrawals. Breaching drawdown limits, exceeding position size restrictions, or using prohibited strategies can result in disqualification from payouts.
Tips for Consistent Payouts
Here are some actionable strategies to help you maintain regular withdrawal eligibility:
- Plan around the payout window. Submit requests early in the designated timeframe to avoid delays caused by end-of-month congestion. This also gives you extra time to address any documentation issues.
- Keep thorough records. Track your payout confirmations, the 80/20 split details, and all monthly statements. Since Phidias doesn’t provide tax advice, staying organized will make tax reporting much easier.
- Build a safety buffer. Avoid trading too close to drawdown limits. Leaving room for unexpected losses or miscalculations ensures your payout eligibility remains intact.
- Strategize with multiple accounts. If you’re working toward LIVE credits, avoid depleting profitable CASH accounts just before submitting a payout request. Timing your withdrawals correctly can maximize the credits received from your active accounts.
- Double-check your payment details. Ensure your RISE or RISEWORKS account information is accurate to avoid any processing delays.
FAQs
How can I make sure my trading strategies follow Phidias Prop Firm’s rules to stay eligible for payouts?
To keep your trading strategies in line with Phidias Prop Firm’s rules and stay eligible for payouts, it’s crucial to stick to their guidelines. These include hitting profit targets, respecting maximum drawdown limits, and steering clear of breaches like surpassing daily or overall loss thresholds. These rules are there to encourage disciplined trading and sound risk management.
Make it a habit to review the firm’s policies regularly, stick to consistent trading routines, and ensure your strategies align with their risk limits. Staying on top of these requirements will help you avoid disqualification and make the payout process hassle-free.
What should I do if my payout from Phidias Prop Firm is delayed?
If your payout from Phidias Prop Firm hasn’t arrived, the first step is to check their withdrawal guidelines to understand the typical processing time. Generally, payouts are processed within 24–48 hours after you submit a request.
If it’s been longer than that, contact their support team through the official channels. They’ll help you figure out what’s causing the delay and give you an update on your payout status. To speed things up, have your account details and payout request information handy when you reach out.
How do LIVE credits impact my withdrawal limits, and how can I use them to maximize my payouts?
LIVE Credits in Phidias Prop Firm
LIVE credits in Phidias Prop Firm are a crucial factor in determining your withdrawal limits. These credits are often tied to your account balance or trading capacity, directly impacting how much you can withdraw.
To make the most of your payouts, focus on active trading to maintain or increase your LIVE credits while meeting the firm’s payout criteria. It’s important to know whether these credits are fully withdrawable or function as a trading buffer. This understanding can help you plan your withdrawals more effectively and maximize your earnings. Consistent trading and thoughtful planning are essential to using LIVE credits to your advantage.
