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Contract Phidias Propfirm 2024 (ENG)

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Phidias Propfirm contact@phidiaspropfirm.

com

Eurotowers, Suite 4.3.02, Block 4,


GX11 1AA GIBRALTAR

Cash account agreement by payment by Phidias Propfirm

This document must be signed and sent within 2 days of receiving the email
from us.

Created by Phidias Propfirm

!! Please read the following to avoid having your document returned to you!!

1. 1. When completing this document, please ensure that the following fields are
completed correctly. Your dashboard login will be the username or email address you
use to log in to www.phidiaspropfirm.com/Dashboard NOT your RTrader ID.

2. 2. Your Eval account number will be the full account number that was assigned to your
evaluation, you must type the words PP-1234-12 replacing 1234-12 with your evaluation
account number so that it- this is valid.

For (Trader Name):

Username/Email:

Account number (PP-XXXXXX-XXXXXX):

Company Name, enter NA if not applicable:


This document, hereinafter referred to as the "Agreement", establishes a contract between
the Trader (hereinafter referred to as "TRADER'S NAME"), hereinafter referred to as the
"Trader", and Phidias Propfirm Limited. , hereinafter referred to as the “Company”. The
signing of this Agreement represents a binding contractual commitment between the
Company and the Trader. The Trader certifies having read and understood the AGREEMENT,
the FAQ page, the Rules page, as well as the Conditions and Agreements accessible on the
site www.phidiaspropfirm.com, to which reference is made in this Agreement. The validity of
this Agreement comes into force from the “Effective Date”, corresponding to the date of
signing of this Agreement.

The Trader confirms that he has reached the minimum age of 18 years.

The term “Cash Account” is defined as an account enabling the Trader to carry out
transactions and withdrawals in accordance with the terms set out in this Agreement. A Cash
Account includes any account created by the Company or on its behalf by a third party,
having a unique account number and including the initial balance agreed between the
Company and the Trader. The maximum authorized number of Cash Accounts
simultaneously is 20+2.

Minimum balance
Plan Account size Initial balance
before closing

10 Minis lots (100


50k Fundamental 50 000 $ 47 500 $
micros)

100k 14 Minis lots (140


100 000 $ 97 000 $
Fundamental micros)

10 Minis lots (100


50k Swing 50 000 $ 48 750 $
micros)

14 Minis lots (140


100k Swing 100 000 $ 97 500 $
micros)

50 Minis lots (500


1M Master 1 000 000 $ 950 000 $
micros)

The Company will make a deposit into each account, in its sole discretion, of a minimum
balance as indicated above, whether in synthetic currencies or real currencies. Synthetic
accounts do not contain genuine or legal tender, but nevertheless remain available for
payments in accordance with the provisions of this agreement. At any time, the Company
reserves the right to convert the Trader from a synthetic account to a live Prop account. The
trader agrees to complete all required documentation within the specified time frame in the
event of switching to the Cash account after notification.
The Company may establish a trade copy account to duplicate the trader's trades at any
ratio, with or without notice, and/or a direct account in the trader's name, at its sole
discretion. If an account falls below the minimum balance, it will be closed, and data will be
deleted, unless there is another active account. The maximum number of contracts will be
determined in accordance with the terms of this account.

“Live trades” refer to transactions carried out, including open positions, by the Trader.

The Trader understands that the loss threshold only increases the maximum withdrawal
allocated to any Cash Account and will be calculated each day at the end of the day at 11:00
p.m. (Paris time). The loss threshold is calculated based on the profits made, until reaching
the minimum threshold accepted for the day. The Loss Threshold does not adjust for
realized losses.

The Trader will be responsible for Cash Account fees per Cash Account on the Effective Date,
and every 30 days thereafter that the Cash Account is active, or for payment of the one-time
Cash Account fee (which varies depending on the initial account size) per Cash account. If
payment is refused, payment must be made and notice will be given to the Company by the
Trader within 24 hours of the refusal, otherwise the Cash Account will not be reactivated by
the Company.

Traders who choose professional status will have to pay a fee of €120 per trade on 4
exchanges, which will be due at the same time as the Cash Account Fee. A Cash Account
must be active and up to date to receive payments. If the Trader's Cash Account falls below
its liquidation threshold, the Trader's monthly fee is NOT automatically waived. The Trader is
fully responsible for canceling the account in the Trader's back office, including applicable
data charges, through the back office support service.

The Trader understands that there are NO REFUNDS. The account will be charged and will
begin on the day the Trader registers, and then every 30 days thereafter, unless the Cash
account one-time fee option (which varies depending on the initial account size) is selected
at time of payment. Because billing is based on a 30-day cycle, charges may be charged up to
2 calendar days after or up to 3 calendar days before the previous billing cycle. The Trader
will have to manage his subscription and must cancel it via the website before renewal, if he
wishes. No partial refunds will be given.

The Trader also understands that any technical problems, service interruptions, data,
platforms, software, indicators, trading computers, internet providers or tools used for
trading or access to trading are not the responsibility of Phidias Propfirm Limited. Accounts
cannot be increased, adjusted, reset or replaced under any circumstances for any reason.
Phidias Propfirm Limited is not responsible for any technical or data problems of any kind.
Each Trader is responsible for knowing, understanding and preparing to handle technical
issues and trade closures.
The Trader is required to use his trading platform at all times and to keep Rtrader active at
all times to close transactions if necessary. Additionally, Traders must also have backup plans
in place, such as backup internet connections, cell phones, mobile applications, other
computers or devices, etc.

The Trader authorizes the debit to his card and the processing by the Company's merchant
account. The Trader certifies that all information, including name and personal information,
is true and correct, and will be updated by the Trader if it changes. The Trader will not
register under any name other than his/her legal name, will not impersonate anyone else,
will not transfer the rights to his/her account to anyone else, and will not has no third party
beneficiaries of the services. The Trader certifies that it is not prohibited by applicable local
laws and is authorized to use the COMPANY services, and the COMPANY is not responsible
for the Trader's use of the services in violation of the applicable laws. The Trader will not
share his account login information with anyone. The Trader is responsible for any use
associated with his account.

The Trader understands that the Company seeks to fund and compensate traders who
follow a consistent trading plan with respect to contract sizes, stops and targets. This means
not trading at max or larger contracts in a single trade, looking for "lucky breaks" while
trading with micro contracts the rest of the time, or trading contracts simply for the sake of
trading. show a "trading day", not constantly changing sizes, not using dollar cost averaging,
not doing high frequency trading, and being consistent in the trading plan, including trading
points. entry, stops and profit taking. Trader funding and compensation is designed to be a
long-term relationship based on consistency and stable growth for both parties. The
Company is looking for traders, not players. At the time of withdrawal request, the account
balance cannot be more than 30% of the balance from a single trading day. Traders must
have a defined strategy or system with rules for entries, stops, targets, follow-through and
must use these rules consistently and in a disciplined manner. Trading must be based on a
normal system, followed and explained upon request. Trading news, chasing the market,
exploiting breakouts without a system, opening the market in the morning, any attempt at
"flukes" without following a strict, systematic and normal day-to-day trading strategy in the
account are prohibited, and amounts accrued during the prohibited periods or transactions
will be withdrawn from the account in accordance with the section on consistency of the
Cash Account, available in the FAQ of the Company's website.

Traders who bet everything in the hope of winning big quickly and who have a habit of
regularly emptying Company accounts may find themselves restricted in the future in the
number of Cash accounts they can have or be limited to a number of Cash accounts until
they demonstrate consistency. Traders who are constantly looking for lucky breaks and
"draining" Cash accounts instead of following disciplined and stable trading systems are not
creating a "relationship of consistency and stable growth for both parties" as mentioned
above .
The Company only seeks traders who use a consistent trading system or strategy, not a
withdrawal strategy, fluke strategy, news strategy, group strategy or any other strategy
intended to jeopardize the Company's funds outside of a proven day-to-day strategy. Having
large trading days and then trading contracts only to reach the minimum number of days
required to request a withdrawal is prohibited and will result in the payment request being
denied until consistency is demonstrated . A trader cannot have more than 20% of trading
days defined as “big time” in any form. The Company seeks consistent, day-to-day trading
systems, not erratic trading, mid-stream system changes, or manipulation of the system to
reach a withdrawal request date.

Cash Accounts must be traded by the person actually registered on the account and Cash
Contract, and not by any other party or person.

Automation: AI, automated robots, algorithms, fully automated trading bots or software, HFT
(high frequency trading) or any other form of automated trading are not permitted on Cash
Accounts. The use of "semi-automated" software may be permitted provided that the trader
monitors and is present at all times. This means the trader must be present, monitoring
trades, managing inputs and settings of semi-automated software that helps place orders
based on rules that the trader monitors and manually adjusts based on market movements,
long positions, short positions, pauses, knowledge of news, market conditions, etc. The
trader must fully understand the rules of the system, entries, stops, profit taking, trails, and
the manual adjustments necessary to monitor each of them and the market in general.
Semi-automation simply aims to speed up entry, without ever being an automated trading
system. For example, Markers Plus for Ninjatrader 8. Any type of hands-off trading, set it and
forget it, day and night continuous trading, fully automated trading bot or software,
algorithm, HFT, system, or any other form of such automation is strictly prohibited and will
result in closure of the Cash account and loss of all funds and balances.

News Trading: Trading news, in any form, directional or in straddles, strangles, taking
advantage of the "volatility" of news, entering just before or after the news to take advantage
of a possible wave, is strictly prohibited. Traders can only trade their normal day-to-day
trading system during news periods and enter based on the standard entry rules used on
each normal trading day. This includes any news trading strategies or systems, or news
trades disguised as normal day-to-day trades. Looking for big flukes, lucky trades, news
trades, straddles, strangles, risking the entire account, flipping contracts, emptying multiple
Cashs accounts in a short time looking for a big fluke, using a drawdown strategy, or
accumulating the number of days by trading contracts, or any other type of trading that does
not specifically follow the above guidelines regarding a consistent trading plan constitutes a
direct violation of the Cash Contract and is trading / disqualified trading days which can be
removed from your Cash Balance.
The Trader can never be both a buyer in one account and a seller in another account at the
same time. This applies to your own personal accounts or in collaboration with other traders.
Any attempted group or partnership will result in complete closure and confiscation of both
parties' accounts, as well as a ban from the Company's website, tools and programs.

Payments are made on the last business day of the month.

Profit Sharing: Traders are entitled to 80% of the amount of their withdrawals for the first 3
withdrawals, then 90% of the profits they earn thereafter.

Payments are exclusively made via WISE Bank, and all tax administration is handled by the
trader. The Trader agrees to be paid as an individual entrepreneur, and not as an employee.

Payments must be requested between the 20th and 25th day to be made on the last day of
the month. To request the first payment and all subsequent payments, the Trader must have
a total of 10 individual and distinct trading days, during which trades have been placed on
each day, in accordance with its normal, consistent and day-to-day trading system. day,
before requesting payment. The Trader can check in his dashboard on the Phidias Propfirm
website how many trading days he has. If the minimum number of days is not reached, then
payment may be requested during the following period. Each payment request must have
ten individual, distinct trading days completed and closed in order to request another
payment (10 full trading days with past trades between payment requests - you can request
the 11th day, but only during the payment request dates indicated above). A trading session
is considered to be from 23:00 (UTC) to 22:00 (UTC). For example, trading on Sunday evening
is part of the Monday trading day.

The first three payment months have a minimum payment of $1,000, with a minimum
balance threshold after payment. There is also a maximum payout amount for the first three
withdrawals. See below for maximum payment amounts for the first three payment months.
There is no maximum payment amount from the fourth payment month and beyond, as
long as the required minimum balance is present in the account after payment.

Minimum Balance Required To Request a Withdrawal (each period):

$50k Fundamental- $52,600 $100k Fundamental- $103,700 $50k Swing- $52,600 $100k
Swing- $103,700 $1M Master- $1,020,000 (specific rules on the phidiaspropfirm.com website)
$10K Drawdown - $12,000 ( specific rules on the site phidiaspropfirm.com)
Each account is considered a standalone and independent account. So if you have 10
accounts, you can withdraw the maximum from EACH account, EACH payment period. For
example, if you have 10 accounts, all $60,000, you can withdraw $2,000 from each of them,
for a total payment of $20,000 for the month! You can do this for the first three withdrawals,
then from the fourth withdrawal onwards, there is no maximum for each account.

The Company reserves the right to pay the Trader at any time and under any circumstances
earlier than the deadlines mentioned above, at its sole discretion. The Company is not
obligated to pay more than the maximum payment per payment period as defined in this
agreement. The Trader agrees to follow the rules of the Company as set out in the Rules
section of the website and to treat all staff, contractors, other traders and third parties with
respect and professionalism. Likewise, the Trader undertakes to behave in a professional
and positive manner in all circumstances, including in groups, social media, trading rooms
and any other environment. If Trader cancels one or more of its accounts accidentally or
intentionally, Trader understands that there is no way to reactivate the account for any
reason and will need to start a new trial account. The Trader certifies that he will not initiate
any dispute regarding the fees.

A “Trading Date” is a date on which the trader places a trade between 11:00 p.m. UTC) and
10:00 p.m. (UTC).

The account belongs to the Company, with all funds held or deposited in the trading account
used by the Trader during or after the term of this agreement. All rights to the funds,
whether in a live or simulation account, belong to the Company and will be paid to the
Company upon termination of this agreement.

Trader is responsible for paying, withholding, reporting and reporting all taxes, duties and
other governmental assessments relating to Trader's activity in connection with the use of
the Company's services. The Company may do any of these actions on behalf of the Trader if
it deems it necessary, but this is not part of the standard practices of the Company.

The Trader must not attempt to abuse the max contracts rule by combining instruments to
reach multiple times the max contracts limit, for example, 10 contracts on ES and 10
contracts on YM to reach 20 contracts out of a limit of 10 contracts. Repeated abuse of this
rule will result in account termination without refund or payment.

The Trader must not create more than one account. Doing so may result in forfeiture of
profits made and fees paid. The Trader may have multiple plans under the same account,
and the Company reserves the right to cap a Trader's plans at any time.

The Trader must never attempt to trade on behalf of another Trader by any means. Results
may vary. No guarantee is given as to the results the Trader may achieve or the level of
success he or she may achieve.
Trader assumes all risks and liabilities if he or she chooses to use this website or use any of
these materials, services or programs.

Neither the Trader nor any third party related to the Trader will hold the COMPANY
responsible for any change, cancellation or temporary suspension of the COMPANY's
services.

COMPANY AND ITS AFFILIATES PROVIDE THE MATERIALS AVAILABLE ON ANY RELATED
WEBSITES AND OTHER COMPANY WEBSITES, PRODUCTS, "AS IS" AND WITHOUT
REPRESENTATIONS OR WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED TO
THE FULL EXTENT PERMITTED BY APPLICABLE LAW. THE COMPANY AND ITS AFFILIATES,
AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SUPPLIERS,
SPONSORS AND ADVERTISERS, DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF TITLE, NON-
INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND
ALL WARRANTIES REGARDING THE SUITABILITY, ACCURACY OR COMPLETENESS OF ANY
INFORMATION, PRODUCT OR SERVICE. THE COMPANY AND ITS AFFILIATES, THEIR
RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SUPPLIERS, SPONSORS AND
ADVERTISERS DO NOT WARRANT THAT YOUR USE OF ANY COMPANY PRODUCT WILL BE
UNINTERRUPTED, ERROR-FREE OR SECURE, OR THAT DEFECTS WILL BE CORRECTED OR
THAT THE COMPANY'S PRODUCTS, INCLUDING THE SERVERS ON WHICH THE WEBSITES
ARE HOSTED, ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. APPLICABLE
LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED OR OTHER WARRANTIES, IN WHICH
CASE THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.
For International Traders outside of Gibraltar, you understand that you are
responsible for compliance with the laws of your local jurisdiction regarding import or
export regulations regarding any service or site operated by COMPANY. Accessing the
content or services of any COMPANY website is prohibited if they are in violation of
any local law of the Trader.

THE TRADER ACKNOWLEDGES THAT IT IS RESPONSIBLE FOR THE ACQUISITION AND


MAINTENANCE OF ALL TELEPHONE, COMPUTER AND OTHER HARDWARE EQUIPMENT
NECESSARY TO ACCESS AND USE THE INFORMATION, PRODUCTS AND SERVICES,
INCLUDING THE WEBSITES, AND ALL CHARGES THEREFOR . YOU ASSUME FULL
RESPONSIBILITY AND RISK FOR YOUR USE OF AND RELIANCE UPON THE COMPANY’S
PRODUCTS AND SERVICES. NO OPINION, ADVICE OR STATEMENT OF THE COMPANY, ITS
AFFILIATES OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS,
SUPPLIERS, SPONSORS AND ADVERTISERS, WHETHER MADE ON A WEBSITE OR
OTHERWISE, SHALL CREATE A WARRANTY. YOUR USE OF THE COMPANY’S PRODUCTS IS
ENTIRELY AT YOUR OWN RISK. THE COMPANY DOES NOT REPRESENT ANY PLATFORM,
SUCH AS RITHMIC, NINJATRADER OR OTHER PLATFORMS, WILL BE ERROR-FREE.
THE TRADER UNDERSTANDS THAT WE DO NOT MANAGE THE PLATFORMS AND DO NOT
PROVIDE THE DATA. THE DATA IS PROVIDED BY RITHMIC. AS SUCH, TRADER
UNDERSTANDS THAT THE COMPANY HAS NO ABILITY TO CONTROL OR CREATE THE
DATA OR EXECUTIONS OR LACK THEREOF PROVIDED TO YOU. THE COMPANY DOES NOT
WARRANT THAT THE DATA WILL BE CORRECT, TIMELY OR USEFUL FOR ANY PARTICULAR
PURPOSE.

Limitation of Liability

Neither the company nor its subsidiaries or their respective executives, administrators,
employees, agents, suppliers, sponsors or advertisers are responsible or held responsible for
any indirect, accessory, consecutive, special, exemplary or other contract under any contract
, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING IN ANY WAY FROM ANY
COMPANY PRODUCT AND/OR SERVICE. YOUR SOLE REMEDY FOR DISSATISFACTION WITH
ANY COMPANY PRODUCT OR SERVICE IS TO STOP USING THEM. THE EXCLUSIVE MAXIMUM
LIABILITY TO YOU FOR ALL DAMAGES, LOSSES AND CAUSES OF ACTION (WHETHER IN
CONTRACT, TORT, INCLUDING, WITHOUT LIMITATION, NEGLIGENCE), OR OTHERWISE, SHALL
BE THE TOTAL AMOUNT PAID BY YOU, IF APPLICABLE, DIRECTLY TO COMPANY FOR SERVICES
AND PRODUCTS. APPLICABLE LAW MAY NOT ALLOW THE LIMITATION OF LIABILITY, IN
WHICH CASE THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

The Trader agrees to indemnify, defend and hold harmless THE COMPANY, its Affiliates and
their respective officers, directors, employees and agents against any claims, damages,
losses, costs (including reasonable fees of attorney) or other expenses that arise directly or
indirectly from (1) Trader's violation of this Agreement or other terms applicable to Trader's
use of COMPANY's products and/or services;
(2) any allegation that any material Trader submits or transmits to COMPANY infringes or
otherwise violates the copyrights, trademarks, trade secrets or other intellectual property or
other rights of any third party ;
and/or (3) the Trader's activities in relation to THE COMPANY's products and/or services.

THE COMPANY's products are accessible via the Internet and require the Trader to have a
computer and a modem or comparable access lines. The Trader acknowledges and agrees
that, to the extent necessary to enable it to access the products made available via the
Internet, it is the responsibility of the Trader to provide all sufficient computer equipment,
including a computer and modem, necessary to establish a connection to the Internet;
ensure your own connection to the Internet; and pay all costs and fees associated with its
equipment, software and Internet connections.
COMPANY will bear data charges for live market data to make products accessible through
Rithmic. COMPANY will provide access to RTrader exclusively for use with this account. The
Trader is responsible for any fees related to other platforms, for other platforms or data fees
that the Trader may choose to use beyond what the Company provides.
The Trader understands that trading in certain market conditions, such as high volatility and
limit moves, involves significant risks and may result in computer, platform or data failures
or delays. In the event of a limit day move, the trader may not be able to close a position,
and his Cash Account may be liquidated. The Company will not be held responsible for any
results that may occur in the Cash Account. To view price levels at limit move each up to
date, please visit https://www.cmegroup.com/trading/price-limits.html. On Rithmic, the
Trader must verify that he or she has access to the data and instruments before trading. The
Trader will immediately notify the company any errors noticed from the start of the account,
such as an incorrect balance or an incorrect initial balance, or any other incorrect
information. Fill prices may be changed based on the fill prices recorded by the exchange in
the event of error in setting filling prices. This is especially true for trades made during fast
and news markets and should be verified before any payment is made. Any attempt to
exploit fill prices against exchange prices will result in immediate termination and no
payment will be made.

A trading day is defined as a day in which a trader has placed an order.

The Trader may close the account after 180 trading days where an order is placed, but not
before. If the Trader closes the account, he will receive 70% of the net amount (excluding
fees).

Cash Accounts cannot be reset.

The Company may elect to terminate the account under any provision of this Agreement. If
the Trader is not in default, the Company will pay the Trader in an amount and time period
determined by the Company, in its sole discretion. The Company will pay 20% if the Trader
has at least 25 trading days. The Company will pay 50% if the Trader has at least 50 trading
days. The Company will pay the Trader 90% if he has at least 100 trading days.

The Trader must keep this Agreement, in whole or in part, strictly confidential, failing which
he will lose his Cash Account and all payments and will be liable for damages sought by the
company.

The Company may revise the policies and terms of this Agreement and the Website at any
time without notice. Trader may request copies of any updates to this Agreement at any
time. Any attempt by the Trader to modify the contents of this Agreement will result in the
termination of all Cash Accounts and no funds will be paid to the Trader.

The Company may require a state ID, driver's license or passport copy (depending on which
the Trader has) and the Trader must provide it within 3 business days of the request, if the
Company does so. request at any time.
Signature and Acceptance of the Agreement:

Last name First Name

Address

City

Country

ZIP code

Phone

Email

Identity number (identity card, passport)

Signature

Trader Name

Date

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