Rules, prices and promotions may change. Always check the official source and checkout before making a decision. Educational content only: this is not financial, tax or legal advice.
Commercial disclosure
I am a Phidias affiliate and also perform support and community-management work for the firm. This relationship may influence my analysis. Facts therefore link to official rules, while limitations are stated without promising any outcome.
Phidias 2.0
Evaluation and CASH phases are simulated. Any LIVE transition depends on the selected path and the rules in force.
Official data as of July 13, 2026A clearer range, but three genuinely different paths
Phidias 2.0 lets traders choose between static drawdown, intraday EOD drawdown, and Premium with overnight holding. The drawdown remains the decisive risk rule.
- E2L has no minimum days or consistency rule.
- Fundamental keeps an intraday EOD structure and an 80/20 split.
- Premium allows overnight and weekend holding with a progressive split.
- Fundamental and Premium LIVE review is discretionary.
Three families, three risk structures
| Criterion | Express to Live | Fundamental | Premium |
|---|---|---|---|
| Replaces | Former Static | Existing family | Former Swing |
| Sizes | 25K / 50K / 100K / 150K | 50K / 100K / 150K | 50K / 100K / 150K |
| Drawdown | Static, never trails | Trailing, calculated end of day | Trailing, calculated end of day |
| Minimum evaluation days | 0 | 3 | 1 |
| CASH payout cycle | Fixed bonus then Switch to Live mechanism | 10 qualifying days | 5 qualifying days |
| Consistency | None in evaluation or CASH | None in evaluation; best CASH day capped at 30% of total profit | None in evaluation; best CASH day capped at 30% of total profit |
| Overnight / weekend | No | No | Yes |
| Trader share | 80% on the bonus | 80 % | 75%, 80%, 85%, 90%, then 100% from payout five |
| LIVE transition | Rules-based E2L mechanism | Discretionary review, not guaranteed | Discretionary review, not guaranteed |
Evaluation and CASH phases are simulated. Any LIVE transition depends on the selected path and the rules in force.
Five access routes announced with Phidias 2.0
Rithmic and DeepCharts remain available. Tradovate, NinjaTrader, and TradingView execution were added. TradingView routes through Tradovate; it is not a separate connection.
Rithmic
Official data as of July 13, 2026
DeepCharts
Official data as of July 13, 2026
Tradovate
Official data as of July 13, 2026
NinjaTrader
Official data as of July 13, 2026
TradingView
Routed through Tradovate
The displayed evaluation price is not the full comparison
Evaluation prices are dynamic. Under a monthly plan, CASH activation is a one-time payment that lasts until the account fails. Under a one-time plan, the official rules currently state no CASH activation fee.
| Criterion | Sizes | Monthly plan | One-time plan |
|---|---|---|---|
| E2L | 25K / 50K / 100K / 150K | 83 / 149 / 149 / 169 USD | 0 USD |
| Fundamental | 50K / 100K / 150K | 149 / 149 / 169 USD | 0 USD |
| Premium | 50K / 100K / 150K | 149 / 149 / 169 USD | 0 USD |
No fixed discount is attributed to code LUCAS without checkout confirmation. Market data, add-ons, taxes, and any resets still need to be checked.
Two mechanisms that must not be confused
Express to Live
After the evaluation, the trader must reach the target again on the CASH account and use Switch to Live. The rules then provide for the fixed bonus and size-based LIVE credit, subject to compliance.
Fundamental and Premium
Five approved payouts or USD 100,000 in cumulative profit makes the file eligible for review. The final decision belongs to the risk team and is never automatic. E2L activity does not count toward those thresholds.
Match the program to the way you manage risk
- E2L may fit traders who prefer a static limit and close before the cutoff.
- Fundamental may fit intraday traders who understand EOD trailing.
- Premium addresses overnight and weekend holding needs.
- No family is suitable for anyone seeking guaranteed income.
Official documents reviewed
Rules can change. Check the official pages and checkout before making a decision.
- Official Phidias 2.0 presentation, accessed July 13, 2026.
- Official Phidias rules, accessed July 13, 2026.
- Phidias terms of use, accessed July 13, 2026.
Check the cart with code LUCAS
Price, currency, taxes, and code effect can change. Enter LUCAS, then verify the total and the rules of the selected account before paying.
Affiliate link: Lucas Prop Firm may receive a commission at no additional cost to you.