Trading Rules
Everything you need to know about our account rules and requirements
Drawdown Rules
Trailing drawdown follows your highest account balance and determines the maximum loss threshold for your account.
Sprint Plan: 3% ($1,500) intraday trailing drawdown. Your drawdown floor updates in real-time throughout the trading day.
Main Plan: 6% ($3,000) EOD trailing drawdown. Your drawdown floor only updates at the end of each trading day, giving you more room for intraday swings.
Once your account balance reaches $50,000 during the Live Sim phase, the drawdown locks and stops trailing.
| Feature | Sprint Plan | Main Plan |
|---|---|---|
| Trailing DD | 3% ($1,500) | 6% ($3,000) |
| DD Mode | Intraday | EOD |
| DD Lock | At $50,000 | At $50,000 |
Profit Targets
You must reach the profit target during the Evaluation phase to advance to Live Sim. There is no time limit.
| Feature | Sprint Plan | Main Plan |
|---|---|---|
| Eval Profit Target | 8% ($4,000) | 12% ($6,000) |
| Time Limit | None | None |
Best Day Rule
The Best Day Rule limits how much of your total profit can come from a single trading day during the evaluation.
Sprint Plan: No Best Day Rule — trade freely without single-day profit limits.
Main Plan: No single day can exceed 30% of your total evaluation profits.
| Feature | Sprint Plan | Main Plan |
|---|---|---|
| Best Day Rule | Off | Max 30% of total profits |
Consistency Rule (Live Sim)
During the Live Sim phase, no single trading day can account for an outsized portion of your cycle gains. This ensures sustainable, consistent trading.
| Feature | Sprint Plan | Main Plan |
|---|---|---|
| Consistency Limit | No day > 50% of cycle gains | No day > 30% of cycle gains |
Payout Structure
Both plans feature an 80% trader / 20% firm profit split. Payouts can be requested once the minimum threshold is met. There are 0 required trading days between payouts — just maintain $0+ profit each day.
During Live Sim, you can withdraw up to 50% of profits per payout, subject to the payout caps below.
| Feature | Sprint Plan | Main Plan |
|---|---|---|
| Profit Split | 80 / 20 | 80 / 20 |
| Min Payout (Sim) | $1,000 | $1,000 |
| Withdrawal Rate | 50% of profits | 50% of profits |
| 1st Payout Cap | $1,000 | $1,000 |
| 2nd Payout Cap | $1,500 | $1,500 |
| 3rd Payout Cap | $2,000 | $2,000 |
| 4th Payout Cap | $5,000 | $3,000 |
Options Level 4
All Strix Options accounts have Level 4 options access, allowing you to trade a full range of strategies:
Allowed: Long calls/puts, vertical spreads (debit & credit), iron condors, iron butterflies, strangles, straddles, calendar spreads, diagonal spreads, and all defined-risk multi-leg strategies.
Not Allowed: Naked (uncovered) short calls or puts. All short option positions must be part of a defined-risk spread.
Expiring Positions Rule
All positions must be closed before market close on their expiration date. Holding positions through expiration is not allowed and may result in an account violation.
This applies to all option contracts, including 0DTE positions. Set alerts or use GTC orders to ensure timely closure.
Account Progression
Phase 1 (Evaluation): Hit the profit target while staying within drawdown limits. No time limit.
Phase 2 (Live Sim): Trade with simulated capital, earn real payouts. Complete 4 payouts to advance.
Phase 3 (Live Funded): Trade with real capital on a real brokerage account. $50,000 buying power, 80/20 split, all profits withdrawable.
Your monthly subscription is refunded when you reach Live Funded.
Eval Lifeline
If you bust your trailing drawdown during the Evaluation phase, you have a one-time option to continue:
Sprint Plan: Pay $59 for +1.5% ($750) extra drawdown room.
Main Plan: Pay $39 for +1.5% ($750) extra drawdown room.
The lifeline is available once per evaluation attempt. If you bust after using the lifeline, you must restart the evaluation.