Trading Rules
Every rule, every phase, and exactly what it takes to get paid
Evaluation
One target. Zero deadlines.
Profit Target
Hit the profit target and the account moves up to Funded. No clock ticking, no required day count.
Profit Target
Deadline
Drawdown
The drawdown floor trails upward behind your equity peak. Touch the floor and the account is closed.
Strix Plan floors recalculate once per day at the close (End of Day). Express Plan floors follow your peak in real time (Intraday).
End of Day versus Intraday only controls how often the floor moves UP behind a new peak. On every plan the floor itself is watched in real time through the session, so a breach is recorded the moment your equity crosses it, intraday, not only at the close.
Trailing Drawdown
Floor Update
Consistency
No Evaluation Consistency rule, on either plan. Nothing caps how much of your Evaluation profit comes from a single trading day, so one strong session can carry you straight to the target.
Accounts bought before 11 September 2026 at 5:35 PM ET (21:35 UTC) keep the rules they were sold. On a Strix Plan account from that period, one day still can't be more than 30% of total Evaluation profit. Express accounts never carried the rule. Your account's own page shows the requirement it is held to.
Consistency Cap
Bought Before 11 September 2026 at 5:35 PM ET (21:35 UTC)
Evaluation Redemption
The Strix Plan only. A drawdown breach during Evaluation does not have to end your run: purchase a Redemption and the same account keeps trading. Each Evaluation purchase includes one use.
The Redemption sets your account value back to the max drawdown level and adds +1.5% of fresh drawdown room on top. Every other rule carries on unchanged. Not offered on the Express Plan.
Offered
Price
Added Drawdown Room
Funded
Follow the rules. Bank payouts.
Drawdown
Activating your Funded account resets the trailing drawdown. The floor keeps trailing your peak until the floor itself reaches the lock balance, and from that point it holds still.
Touching the floor in Funded closes the account. Redemptions are not offered at this stage.
Trailing Drawdown
Floor Update
Locks At
Payouts
80% of the profits are yours, and the firm keeps 20%.
A single payout can draw up to 50% of profits, and is limited by the cap attached to that payout number.
Each payout cycle has to contain 8 qualifying winning days before you can request. A qualifying day is a trading day that closes with realized profit at or above your plan's floor, listed below; open positions do not count until you close them.
Those 8 days do not have to be consecutive. The cycle keeps a running tally, so a losing day, a flat day, a green day under the floor, or a day you sit out never resets it and never takes a day back. What empties the tally is the cycle closing, and a cycle closes on a payout that is paid and on a payout that is rejected — either way the next cycle opens at zero, dated from the moment that request went in. Withdrawing a request yourself closes nothing and costs you no days.
Accounts bought before 11 September 2026 at 5:35 PM ET (21:35 UTC) are not held to this count and have no per-day floor. They keep the Max Daily Gain rule they were sold, below — and that share carries its own minimum, because one winning day is 100% of its own cycle: a cycle needs at least 4 winning days on the Strix Plan and 2 on the Express Plan before the figure can come in under the cap.
The funded activation fee is a single upfront charge at activation, so nothing is ever deducted from your payouts. And once you have taken your first payout, your balance at request time must sit at least $1 above the balance you last requested a payout at, less any amount your payout cap prevented you from taking, up to the size of that payout.
Profit Share
Max Per Payout
Payout Minimum
Winning Days Per Payout
Qualifying Day
Winning Days, Bought Before 11 September 2026 at 5:35 PM ET (21:35 UTC)
Payout #1 Cap
Payout #2 Cap
Payout #3 Cap
Payout #4 Cap
Funded Activation Fee
Consistency
No Funded Consistency rule. Nothing caps a single day's share of a payout cycle, and you are never asked to spread a cycle's gains a particular way. What a cycle has to contain instead is 8 qualifying winning days, set out under Payouts above.
Accounts bought before 11 September 2026 at 5:35 PM ET (21:35 UTC) keep the rules they were sold for as long as the account is open. On those, no single day can exceed the Max Daily Gain share of that cycle's gains and the figure goes back to 0% whenever a payout is paid or a payout request is rejected. There is no fixed winning-day count on them and no per-day floor, but the share itself sets a minimum: a single winning day is 100% of its own cycle, so a cycle has to hold at least 4 winning days on the Strix Plan and 2 on the Express Plan before it can come in under the cap. One package or the other applies to any account, never both.
Not sure which applies to you? Once your account is funded, your Payouts page lists the requirement your own account is measured against, and that is the one we hold you to.
Max Daily Gain
Bought Before 11 September 2026 at 5:35 PM ET (21:35 UTC)
Resets On Payout Or Rejection
Live
Firm capital. Withdraw it all.
Live Trading
At Live, real firm buying power sits behind your trades. The 80/20 arrangement continues, and withdrawals carry no caps, with a $100 minimum.
Reaching Live is the top of the program. Take a payout and the trailing floor jumps straight to starting capital, so the risk on the account drops to zero.
Capital
Trailing Drawdown
Floor Update
Floor Locks At
Profit Share
Withdrawal Scope
Payout Minimum
Recurring Fees
Rules for Every Plan
These hold across every account size and phase.
Overnight Holding
Every account in every phase can hold positions overnight. The only forced flatten before the close is a position expiring that day.
How long you stay in a trade is your call, and we keep it that way.
One-Time Evaluation Fee
The Evaluation is a single one-time fee: $569 (Strix 100K), $419 (Strix 50K), $299 (Strix 25K), $179 (Strix 10K), $339 (Express 100K), $229 (Express 50K), $179 (Express 25K), $119 (Express 10K).
An Evaluation bought today does not renew and does not rebill: one payment covers your run, and Evaluations never expire, so you can take the time you need to pass.
If your Billing page shows a monthly amount and a next billing date, you are on an older monthly Evaluation plan: it renews each month until you cancel it, and you can cancel at any time from that page.
Funded Activation Fee
Passing Evaluation is what unlocks Funded. One funded activation fee then turns the Funded account on, charged when you activate it. It is not a fee to start an Evaluation.
The funded activation fee is $149 (100K accounts), $119 (50K accounts), $89 (25K accounts), or $69 (10K accounts), charged upfront at activation and non-refundable. It is the only charge between passing and trading Funded capital.
One payment opens the account, then the 80/20 split runs from day one while you focus on structure, discipline, and risk management.
Strategies & Options
The Strix Plan carries Level 5 options approval: undefined risk is allowed, and you can build spreads and multi leg structures, from verticals and butterflies to iron condors, calendars, diagonals, and beyond.
The Express Plan trades long premium only: single leg calls and puts, bought to open.
Permitted Strategies
Approved Tickers
Options can only be traded on approved symbols. An order on any ticker outside the whitelist is blocked automatically. Email support@strixoptionsfunding.com if there is a symbol you would like added.
Expiring Positions
Any position still open at 4pm on its expiration day is closed automatically at that time.
The auto close keeps surprise assignment off your account and keeps every account inside the rules.
How Consistency Works
Two rule packages are in force, and your account follows exactly one of them, decided by the moment you bought it and fixed from then on. The boundary is an instant on a single day, not the day itself: an evaluation bought at or after 11 September 2026 at 5:35 PM ET (21:35 UTC) carries no consistency rule in any phase, and one bought before that instant keeps the consistency package it was sold. If you bought on 11 September 2026 and are not sure which side you landed on, compare the time you bought your original evaluation with that instant; once the account is funded, your own Payouts page settles it.
On an account bought today, what a Funded payout cycle has to contain is 8 qualifying winning days. A qualifying day is a trading day that closes with realized profit at or above your plan's floor: $200 on a $100K account, $150 on a $50K account, $100 on a $25K or $10K account.
They can land in any order, and nothing you do in between takes one back. A losing day, a flat day, a green day under the floor, and a day you never open the platform all leave the tally exactly where it was, so 8 winning days spread over two months count the same as 8 in a row.
Example on a Strix Plan $50K, where the floor is $150: a cycle closing +$400, +$180, +$900, -$600, +$150, +$2,100, a flat day, +$155, +$310, +$260 contains 8 days at or above $150, so the cycle qualifies. The losing day and the flat day cost nothing, and the +$2,100 day is not capped.
On an account bought before 11 September 2026 at 5:35 PM ET (21:35 UTC), consistency is measured per payout cycle instead: no single day may be a larger share of that cycle's gains than the Max Daily Gain figure for the plan, and the figure goes back to 0% whenever a payout is paid or a payout request is rejected. Those accounts carry no fixed winning-day count and no per-day floor, but the share itself decides a minimum. A single winning day is 100% of its own cycle, so a cycle cannot come in under the cap until it holds at least 4 winning days on the Strix Plan and 2 on the Express Plan.
Example on one of those accounts at 30%: a best day of $1,200 needs total cycle gains of at least $4,000, because $1,200 is 30% of $4,000. Going over on one day disqualifies nothing; the cycle simply has to grow until the big day fits under the share.
Once your account is funded, your Payouts page shows the requirement your own account is measured against, and that is the one we hold you to.
How Drawdown Lock Works
No lock applies during Evaluation. From Funded onward, the trailing floor climbs with each new equity high until it reaches the lock balance, which equals your starting capital.
After the lock, the floor holds still and no longer trails. Until then, the Strix Plan floor steps up once per day at the market close, while the Express Plan floor tracks your equity peak live through the session.
Trade with control and the account gets safer as it grows, leaving you more room to operate the longer you perform.
Payout Balance Rule
Your first payout switches this rule on: from then on, your balance at request time must be at least $1 above the balance you last requested a payout at, less any amount your payout cap prevented you from taking, up to the size of that payout.
Example: you request payout one at a balance of $52,000 and the cap does not limit it, so your next request needs a balance of $52,001 or above.
Where the cap did hold money back, that amount comes off the bar, up to the size of the payout itself. You are never asked to re-earn what the cap refused to pay you, and the same profit never funds two payouts.
The rule keeps accounts moving forward and rewards structure, discipline, and steady risk management.
Need a rule clarified?
The FAQ answers the common ones, and support covers the rest.