Phidias launches a $24,000 competition, 10K Drawdown Summer Edition.

A $24,000 competition on a $10K simulated account.

Phidias Propfirm has launched its "10K Drawdown, Summer Edition" futures trading competition, offering a total prize pool of $24,000 for a $30 entry fee. Participants trade a $10,000 simulated account with a $10,000 trailing drawdown calculated end-of-day, competing for cash prizes and free evaluations.

Mechanics, rules and prizes.

• ✓$10,000 simulated account, $10,000 EOD trailing drawdown, maximum 25 E-mini or 250 micro contracts.
• ✓No fixed profit target, no consistency rule, no minimum trading days for this edition.
• ✓News trading permitted, across CME, CBOT, NYMEX and COMEX, using dxFeed or Rithmic data.
• ✓Unlimited simultaneous entries allowed, but only each trader's best-performing account counts toward the daily leaderboard.
• ✓Top 10 finishers split cash prizes from $12,000 (1st) down to $540 (10th), paid to a Phidias Wallet within 48 hours of close.
• ✓Tiered non-cash rewards for the rest of the field: a free 50K evaluation for the next 10%, a 90% discount code for the next 40%, and an 80% discount code for everyone else.

A date range worth double-checking.

Phidias announced this competition on 9 September 2026, but states the event itself runs from 1 July to 30 September 2026, with registration closing 23 September. A launch announcement two months into a competition's stated run is unusual, and the announcement does not explain the gap, whether this is a later-added edition inside a longer-running series, a republished or corrected notice, or something else. If you are considering entering, confirm the actual competition window and your eligible entry date directly with Phidias before assuming the July start date applies to a new entrant today.

A low-cost entry with real cash at the top of the leaderboard.

At $30 to enter with no profit target, consistency rule or minimum trading days attached, this is a low-friction way to compete for cash without the structure of a standard evaluation. The unlimited simultaneous entries rule is also worth noting: it lets traders run multiple attempts at once, though only the single best-performing account counts toward the leaderboard, so there is no benefit to stacking entries beyond finding your best setup.

Confirm the calendar before you enter.

Worth confirming directly with Phidias before registering: the actual competition timeline given the gap between the announcement date and the stated 1 July start, and the exact registration cutoff of 23 September relative to whenever you plan to begin trading.

If you'd rather trade a standard evaluation.

Competitions are a fun, low-cost way to test yourself, but they run on their own timeline and rules. If you want a standard funded account instead, it is worth comparing against an established evaluation-based firm.

Our full Apex Trader Funding review covers the rules that matter and the ones that are mostly marketing. Code ONKAGNVZ applies 90% off evaluation fees during the current active sale.

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