Frequently Asked Questions
Find answers to common questions about Strix Options
Getting Started
Choose either the Sprint Plan ($159/mo) or Main Plan ($219/mo), sign up, and start your evaluation immediately. There are no hidden fees — just your monthly subscription to get started.
We currently offer $50,000 accounts on both plans. You can run up to 5 concurrent accounts.
No. Both the Sprint Plan and Main Plan have no time limit on the evaluation phase. Take as long as you need to hit your profit target.
The $149 activation fee is only charged at your first payout — not upfront. You pay nothing extra to start. Think of it as a success fee.
Account Rules
Trailing drawdown follows your highest account balance. On the Sprint Plan, it's 3% ($1,500) intraday. On the Main Plan, it's 6% ($3,000) EOD. Once your account reaches $50,000 in Live Sim, the drawdown locks and stops trailing.
Intraday drawdown updates in real-time throughout the trading day based on your peak balance. EOD drawdown only updates at the end of each trading day, giving you more room for intraday fluctuations.
No single trading day can account for more than 50% (Sprint Plan) or 30% (Main Plan) of your total cycle gains. This ensures consistent, sustainable trading rather than one lucky trade.
The Best Day Rule only applies to the Main Plan — no single day can exceed 30% of your total profits during evaluation. The Sprint Plan has no Best Day Rule.
Trading
All accounts have Level 4 options access. You can trade calls, puts, spreads, iron condors, strangles, straddles, and other multi-leg strategies.
Yes. You can trade 0DTE options on all supported underlyings. Just be mindful of the expiring positions rule — all positions must be closed before market close.
You can trade options on major indices (SPX, SPY, QQQ, IWM), popular ETFs, and individual equities. The full list is available in your trading dashboard.
Naked short options (uncovered calls/puts) are not allowed. All short positions must be part of a defined-risk spread. This is standard across all prop firms.
Payouts & Profits
Both plans offer an 80/20 profit split — you keep 80% of all profits. This applies in both the Live Sim and Live Funded phases.
You can request a payout as soon as you meet the minimum payout threshold ($1,000 in Live Sim, $100 in Live Funded). There are 0 required trading days between payouts — just maintain $0+ profit each day.
Sprint Plan caps: 1st $1,000, 2nd $1,500, 3rd $2,000, 4th $5,000. Main Plan caps: 1st $1,000, 2nd $1,500, 3rd $2,000, 4th $3,000. After 4 payouts, you move to Live Funded with no caps.
Your monthly subscription fee is refunded when you reach the Live Funded phase (after 4 successful payouts). Sprint Plan: $159 refund. Main Plan: $219 refund.
Go Live
After completing 4 successful payouts in Live Sim, you graduate to Live Funded. You get a real brokerage account with $50,000 buying power, your subscription is refunded, and all profit is fully withdrawable.
Sprint Plan: $5,000 trailing, locks at $50,000. Main Plan: $3,000 trailing, locks at $50,000. Any payout snaps the drawdown floor to $50,000, eliminating firm risk.
Yes, the minimum payout in Live Funded is just $100, and all profits are fully withdrawable with no percentage cap.
If you bust your trailing drawdown during evaluation, you can pay a one-time fee (Sprint: $59, Main: $39) to get +1.5% ($750) extra drawdown room and continue trading. This is a one-time-per-eval-attempt option.