Phidias 2.0: Express to Live vs Fundamental vs Premium
Phidias replaced its lineup in April 2026. Three families with different floors, holding rules and payout clocks, and one automation rule that applies to all.
Phidias plans on one grid
| Rule | Express to Live | Fundamental | Premium |
|---|---|---|---|
| Drawdown | static, never trailing | EOD trailing, intraday only | EOD trailing |
| Lock once funded | n/a (static) | Cash accounts stop at start + $100 on 50K and 100K | same |
| Daily loss limit | none | none | none |
| Consistency | none at any stage | 30% on the Cash account | 30% on the Cash account |
| Minimum days | 0 | 3 | 5 qualifying days between Cash payouts |
| Holding | per session rules | intraday only | overnight and weekend allowed |
| Contract limits | by size | 10 / 14 / 17 minis on 50K / 100K / 150K | same |
| Payout | daily from the first Cash day; 80/20 plus bonus; converts to LIVE with Dorman on the first Cash payout | every 10 days, 80/20 | every 5 days, 75% → 100% by the fifth payout; one Cash reset available |
| Automation | fully automated and HFT not allowed; semi-automated, manually monitored strategies allowed | same | same |
| News | allowed | allowed | allowed |
Which one for a systematic strategy
The automation row applies everywhere: a fully automated strategy is not permitted at Phidias, semi-automated with a human monitoring is. Given that, Express to Live is the cleanest funded rulebook in futures: static floor, no daily limit, no consistency, daily payouts, and a real live account after the first Cash payout. Fundamental is the intraday EOD-trailing account with a 30% check on Cash. Premium is the only major futures account that holds overnight and weekends, at the price of a five-qualifying-day cadence and a split that starts at 75%.
Payout mechanics on Phidias payout rules; the full card at Phidias rules.
FAQ
Which Phidias account has no consistency rule?
Express to Live, at every stage. Fundamental and Premium carry 30% on the funded Cash account.
Does Phidias allow automated trading?
Fully automated and HFT trading are not allowed; semi-automated, manually monitored strategies are.
Does Phidias allow overnight holding?
On Premium, including weekends. Fundamental is intraday only.
Source: the firm’s help center and program pages, cross-checked with the Phidias rules card, September 2026. Rules change quarterly; the help center is binding.