Terms of Service

STRIX OPTIONS LLC

Operating the website at strixoptionsfunding.com

Contracting entity: Strix Options LLC

Effective September 12, 2026

1. Acceptance of These Terms

What this contract covers. Every Strix offering falls under these Terms: paid evaluation plans, simulated trading programs, the dashboard, customer support, APIs, and the third-party integrations we connect to them.

Documents folded into this contract. Our Privacy Policy, the published trading rules, the performance reward program criteria, and the program parameters posted on the site all form part of this contract by reference. Where those documents and these Terms say different things, these Terms win unless a document expressly says otherwise.

Changes to these Terms. We can revise these Terms whenever we choose by publishing the new version on this page, and we may also tell you about the change by email, a dashboard notice, a checkout prompt, or another reasonable channel. To the fullest extent the law allows, using the services after a revision is published and noticed means you accept it. Section 21 states that amendment right in full, and states the rights an amendment cannot reach.

Fresh consent for significant changes. When a change is material, for example to billing, dispute handling, compensation, or compliance provisions, we may require your affirmative re-acceptance of the updated Terms and/or Privacy Policy before you buy again, before you advance in the program, and before we act on a compensation request.

2. Eligibility and Your Account

Who may register. The services are available only to people who are 18 or older (or have reached the age of majority where they live), who can lawfully enter contracts, and who supply truthful, up-to-date registration details.

One person per account. Your account belongs to you alone and cannot be given, sold, or lent to anyone else unless Strix approves the transfer in writing. Everything done under your login is your responsibility.

Account security. If we suspect your credentials are compromised, that someone else is accessing your account, or that a security risk exists, we can suspend access while we investigate. Tell us right away if you notice activity you did not authorize.

3. The Nature of Our Service

A skill-assessment and education product. The business of Strix Options LLC is selling simulated trading evaluations to traders, together with the educational tooling that goes with them. Everything we provide exists to teach market skills and to measure trading ability. We do not issue investment recommendations, business recommendations, or analyses of investment opportunities, and nothing we publish is a general recommendation about trading any investment instrument. NOTHING OFFERED ON THIS SITE IS AN INVESTMENT SERVICE, AND NO PART OF THE SERVICES MAY BE TREATED AS ONE.

What your money buys. Every fee you pay us purchases one thing: access to the simulated evaluation program together with the educational resources and platform services that come with it. Your payment is not a deposit, not an investment, and not a purchase of access to capital. You are not buying employment, an income opportunity, or a service that generates profit for you.

What Strix is not. Strix Options LLC is not a broker-dealer, not an investment adviser, not a custodian, not an exchange, and not a registered financial institution of any kind. We take no deposits, hold no customer funds for trading, and execute no securities transactions for you. We give no investment, legal, accounting, or tax advice; speak with your own professional advisors before any transaction. Likewise, we provide no brokerage services and give no participant access to financial markets for that participant’s own account or with that participant’s own capital, and nothing on the website, in the dashboard, in marketing, or in any communication from us is an offer to buy or sell any financial product, or a solicitation of such an offer. Section 5 sets out the Live stage separately: there an authorized trader places orders inside a proprietary brokerage account Strix holds, backed by capital that is Strix’s own.

Everything you buy is simulated. The Evaluation and Funded stages, which are the only stages anyone can purchase, run inside a simulated trading environment built for education and assessment. At those stages the balances and figures you see are fictional numbers, not currency and not real capital, and you hold no right to those fictional funds outside their use inside the program. At the Evaluation and Funded stages nothing a participant trades is real money, real securities, or real capital. One part of the Strix program stands outside that, and only one — the Live stage, which we do not sell and you cannot buy, and which Section 5 describes: a trader admitted there trades Strix’s own capital in real markets, inside a brokerage sub-account belonging to Strix, and owns no part of that sub-account.

Advancement is ours to grant. Passing the evaluation puts you in consideration for the enhanced simulated stage we call a Funded Account, which is governed by additional terms and granted, or withheld, at Strix’s sole discretion for any reason at all, whether grounded in compliance, risk, or business judgment. Finishing the evaluation guarantees no offer, no advancement, and no reward eligibility. A Funded Account is still a simulation; it carries no real capital, no investment account, and no brokerage relationship. Access, progression, Funded status and reward-program eligibility are each ours to deny, pause or withdraw where rules are broken, where a payment goes wrong, where a compliance question is raised, or where the program is abused. Going further still, from the Funded stage to the Live stage, is a decision we take separately and at our discretion, and Section 5 governs it.

Rewards live in a separate program. The chance to earn a performance-based reward (a payout) sits under its own agreement and is never part of what you purchase when you buy evaluation access. Rewards are incentives we choose to issue, in our sole discretion, to recognize demonstrated skill inside the simulation. They are not trading profits, not investment returns, not wages, and not distributions of capital, and we may change, pause, or end reward eligibility, amounts, timing, and terms at any time, subject to Section 21. That description covers the Evaluation and Funded stages; compensation at the Live stage is contractual profit share and is described in Section 5.

No promise of earnings. We promise no profit, no income, no reward, and no financial outcome of any kind. Performance inside a simulation says nothing reliable about real-world results, and we make no representation that any participant will, or is likely to, achieve profits, income, rewards, or results resembling any example we show. Every participant’s outcome is different. Nothing in the Evaluation or Funded stage is an income opportunity, an employment arrangement, or a profit-sharing vehicle. What an authorized trader earns at the Live stage is a contractual share of the realized net profit their trading produces, fixed by the Live Trader Agreement. The engagement behind it is one of independent contractor. It is no investment, no security, and no participation in any pooled investment vehicle.

4. Words With Specific Meanings

A few terms carry defined meanings wherever they appear in this contract:

• “Account” is the user profile you register with us, on the website or in the platform.
• “Evaluation Account” is a paper-trading (simulated) account we use to measure your trading skill and decide whether you qualify to advance.
• “Funded Account” is the advanced simulated stage offered, at Strix’s sole discretion, to select participants who pass the evaluation. It extends the same simulated experience with enhanced parameters. It is no brokerage account, no investment account and no client-managed capital, and no access to real trading capital comes with it.
• “Live Account” is a sub-account sitting inside the proprietary brokerage account Strix holds at a registered broker. Whether a trader is assigned one once the Funded stage is behind them rests with Strix alone. What a Live Account trades is Strix’s capital, in real markets. The account is not yours: you own none of it and take no beneficial or security interest in it, you may not withdraw from it or transfer anything out of it, you put no capital in, and no trading loss it incurs falls on you. Every Live Account runs under the separate Live Trader Agreement. Section 5 has the detail.
• “Evaluation Fee” is the one-time price of an evaluation plan, charged in full at the moment of purchase. It does not renew and it creates no subscription.
• “Funded Activation Fee” is the separate one-time fee charged upfront when you choose to activate a Funded Account after passing an evaluation. It is never deducted from a Payout.
• “Legacy Subscription” is a paid evaluation plan sold before we moved to one-time pricing that still bills on a repeating cycle. New purchases never create one.
• “Dispute” is any payment-reversal inquiry, chargeback, or claim raised through a card network, bank, or payment processor.
• “Linked Account” is any other account we reasonably conclude is connected to yours through identity, payment instrument, device, IP address, household, entity affiliation, referral relationship, operational control, or comparable risk signals.
• “Payout” means two different things at two different stages, and the difference matters. At the Evaluation and Funded stages a Payout is a discretionary reward, approved and processed under the separate reward-program terms and our compliance checks, recognizing skill demonstrated in the simulated environment; it is never a withdrawal of trading profit, never an investment return, and never a distribution of capital. At the Live stage a Payout is the share of realized net trading profit your contract gives you for trading capital that belongs to Strix; the Live Trader Agreement fixes what is due and Strix settles it out of its own funds. Even there it is no return on an investment and no distribution of capital to you. At either stage a Payout is not included in your evaluation purchase and is never guaranteed.

An account is in good standing when, at minimum, every fee charged on it has cleared, with no unresolved failed payments, no open Disputes, and no other payment or compliance restriction in place.

5. The Live Stage

What the Live stage is. Once the Funded stage is behind you, Strix may bring you into the Live stage, and that choice belongs to Strix alone. Whoever we bring in is engaged as an independent contractor and named an authorized trader on a sub-account inside the proprietary brokerage account Strix holds at a registered broker; the orders they enter there trade Strix’s own capital in real markets. Every other part of the Strix program is a simulation and this one is not. We do not sell it, it cannot be bought, and no fee you pay purchases it or purchases consideration for it.

The account is ours, and so is everything in it. The Live sub-account, the capital allocated to it, and every asset held in it at any time remain the sole and exclusive property of Strix Options LLC. You acquire no ownership interest, no beneficial interest, no equitable interest, no security interest and no lien of any kind in that sub-account or in anything held in it, whether by trading, by generating profit, by the passage of time, or otherwise. You have no right and no ability to withdraw from it, deposit into it, transfer assets into or out of it, pledge or encumber it, or otherwise direct what is done with it; your permissions at the broker are order entry and, where we choose to provide it, read-only visibility. You contribute no capital to it. You bear no trading losses in it: every trading loss in the sub-account is borne entirely by Strix, and no drawdown, deficit, negative balance, margin call, or liquidation shortfall is ever a debt of yours, ever collectible from you, or ever something you must repay, restore, or guarantee. Fees you paid at any earlier stage are not a capital contribution, not a deposit, not an investment, not a purchase of any interest, and are not held for your benefit. THE LIVE STAGE IS AN ENGAGEMENT TO TRADE OUR OWN CAPITAL. IT IS NOT AN INVESTMENT, NOT A SECURITY, AND NOT A PARTICIPATION IN ANY POOLED INVESTMENT VEHICLE, AND NO MONEY OF YOURS AND NO MONEY OF ANY OTHER PARTICIPANT IS HELD IN, TRANSFERRED TO, OR AVAILABLE TO TRADE IN IT.

Admission is discretionary, and conditioned on the broker. Admission to the Live stage is ours to grant or withhold for any reason at all. It is additionally conditioned on the broker accepting you as an authorized trader, which the broker may decline for its own reasons, among them jurisdiction, sanctions screening, and its own risk policies. Nothing guarantees admission: not completing any earlier stage, not profit, not tenure, and not any number of Payouts. If the broker declines you, the Live Trader Agreement terminates automatically, we restore the accounts that closed, and we lift the re-entry bar described in Section 17.

The Live Trader Agreement controls. A separate document governs the Live stage: the Live Trader Agreement, which you accept before we open any Live Account for you. What this Section gives you is a convenience summary of that agreement and does not take its place. Should the two read differently on any question of Live-stage activity, the Live Trader Agreement wins, the ordering rule in Section 1 (Documents folded into this contract) notwithstanding. The rule values referred to here — allocation, buying power, drawdown, the daily loss limit, permitted instruments, and payout eligibility — are published on our Live Program Rules page, and the agreement itself is published at Live Trader Agreement.

Advancement to Live: the Notice, the decision, and the settlement. Where we judge a Funded trader ready for the Live stage, a Live Program Notice goes out to them. Sending it closes nothing. On that date every Evaluation and Funded account in your name is still open, still tradeable and still billing as before, and nothing is shut off. Nothing closes until you answer the Notice, or until the 30 days are up.

You have 30 calendar days. The window runs from the date of the Notice, the deadline is shown to you, and it is recorded on your account.

What the Notice does do is hold payouts. While your Live Program Notice is open we take no new payout requests. Anything you had already submitted stays on the books for that period — neither cancelled nor paid while you think it over. Your answer settles it: accept and the request lapses with nothing paid; decline and it is paid out in cash, subject to the cap. And because the request is still live, you cannot file a second copy of it, nor will we approve or pay it for as long as the Notice stands.

If you accept. At that point, and not before: every Evaluation and Funded account in your name closes; whatever subscription or Legacy Subscription stood behind each of them is cancelled, so nothing further is charged for it; any payout request still pending lapses with no payment, and not a cent of it is paid, credited, set off, or carried across into the Live Account; a further evaluation or funded account is thereafter closed to you, whether you seek to open, buy or hold one, and a different email address changes nothing; and we open a Live Account for you. Those closures are what accepting means, and they are not a fault. Say yes and the payouts you had already asked for are gone. Nothing cancelled that way counts toward the realized profit you have to make before your drawdown floor locks, nor toward any other figure in this contract. Where those requests are worth more to you than the Live Account is, decline instead and they are paid in cash under the cap set out below.

If you decline. Whatever payout requests are pending at the moment you decline are paid to you in cash. We add them up across all of your accounts and cap the total at $3,000. That cap follows the person, not the account: hold five accounts with $2,000 pending on each and the figure is $3,000, not $10,000. The money moves along the ordinary payout rail, so it needs the tax and banking details every Payout needs — the W-9 or W-8BEN, plus your bank details. Your accounts close after that, billing ends, and Section 17 bars you from re-entry permanently. No Live Account is opened.

If you never answer. Leave the notice unanswered and it expires at the end of the 30 days, which we treat as a decline. An expired notice carries no settlement. Your accounts close, billing ends and re-entry is barred just as on a decline — but nothing is paid out, and every held payout request lapses without payment.

Nothing pending means nothing paid. Decline with nothing pending and you receive nothing. What the settlement pays out are the requests already sitting with us; absent those, there is nothing for it to reach. No minimum settlement exists, and declining on its own earns no payment.

Fees, and what declining is not. Fees charged before an evaluation or funded account closed stay charged, as Section 9 also provides. Turning the Notice down breaks no term of this contract. It leaves you owing Strix nothing, puts no liability on you, and counts as no kind of misconduct.

Allocated Capital. Strix places a sum of its own money behind your Live sub-account, and these Terms call that sum the “Allocation”. The Funded plan you advance from sets it: $50,000 behind a $100,000 Funded account, $25,000 behind a $50,000 one, $12,500 behind a $25,000 one. The Allocation belongs to Strix throughout. You put nothing into it, you cannot draw on it or move it anywhere, and you take no ownership stake in it, no beneficial stake, and no security interest of any kind. Nothing you paid at the Evaluation or Funded stage is a deposit against the Allocation, and no part of the Allocation is ever handed back to you as a return of those fees.

One Live Account, and how it is sized. However many Evaluation or Funded accounts stood in your name before the Notice, you end up with a single Live Account. Its Allocation comes from one of them only: the largest eligible Funded account you held on the date the Notice was sent. Sizes are not stacked. Five Funded accounts of one size get you the Live Account that a single account of that size gets, and nothing more.

No published plan size is shut out, and being eligible is not being entitled. Advancement is open from all three published Funded plans — the $25,000, the $50,000 and the $100,000. Hold Funded accounts at more than one size and the largest one sizes your Live Account; the others add nothing to it. Eligibility means only that a plan size is capable of advancing. It gives you no right to advance and tells you nothing about whether you will: the decision stays ours, it cannot be earned by profit, by how long you have been with us, or by any number of Payouts, and we apply the same standard of selection at every plan size.

What your plan size sets. Advance from a $100,000 Funded plan and you get an Allocation of $50,000, entry buying power of $50,000, a maximum drawdown of $5,000, and a floor that fixes in place once your realized profit reaches $5,100. From a $50,000 plan those four figures are $25,000, $25,000, $2,500 and $2,600. From a $25,000 plan they are $12,500, $12,500, $2,000 and $2,100. A daily loss limit applies at every size too, and the one set for yours is published on our Live Program Rules page.

Your Live Account is smaller than the accounts it replaces, and that is deliberate. In real dollars it comes to less than the simulated nominal of the accounts it closes, added together. The reason is the difference between the two figures: the Allocation is money of ours genuinely exposed in real markets, while the nominal it replaces was never money at all.

Drawdown, and the floor that stops moving. Your maximum drawdown is $5,000 where you advanced from a 100K plan, $2,500 from a 50K plan, and $2,000 from a 25K plan. The floor sits that far under the highest equity the account has ever reached, follows that equity upward, and never climbs past the Allocation. Touch the floor and the Live Account ends there. The floor stops following you at the point where your realized profit has covered the drawdown amount plus $100, and it then fixes permanently at the Allocation plus $100. The realized profit that gets you to that point is published for your plan size — $5,100 from a 100K plan, $2,600 from a 50K, $2,100 from a 25K — and we do not move it for anyone: it is never lowered, never brought forward, never set off against anything else, and nothing you gave up, forfeited or had cancelled at an earlier stage is credited toward it. Taking a Payout leaves the floor exactly where it stands, neither raising it nor lowering it. Once the floor has fixed, neither the trailing drawdown nor the daily loss limit binds you any longer; every trading restriction set out below continues to bind you in full.

Buying power, and how it scales. You begin with buying power worth 50% of your Funded plan size. It can rise to 75% once realized profit reaches $2,500, to 100% at $5,000, and to 125% at $10,000. Profit on its own does not move it: every step up also needs thirty or more closed Live trades behind it and a statistical edge we can read in them, so that what you are allowed to carry follows evidence rather than one good run. Until the thirtieth Live trade is closed you stay at the entry level, whatever you have made. Should either condition stop being met, we may step buying power back down at a session boundary; a step down is not a termination of anything. Buying power caps the size of the positions you may hold. It is not further capital placed behind you.

What you are paid at the Live stage, and what limits it. You are paid 80% of the realized net trading profit your sub-account produces, and 20% stays with Strix. That share is the whole of your compensation and there is nothing else: no salary, no wage, no draw, no advance, no retainer, no guaranteed floor beneath it and no bonus above it. A sub-account that produces no realized net profit pays you nothing at all. What the Funded stage requires of a payout does not reach a Live one — neither its qualifying-winning-day count, nor the consistency share carried by accounts sold under the earlier package, nor the maximum attached to each payout number. Two limits of its own apply instead: you may not request less than $100, and no request may pull account equity below your floor plus $2,000 held back as an operating buffer. Being paid leaves your floor untouched. Strix pays you out of its own funds; money is never released to you from the brokerage sub-account, and no payout gives you a claim of any kind against the broker.

We take profit off the table for you. Once realized profit you have not yet drawn reaches twice your drawdown amount, Strix starts a payout of it on its own initiative, with no request from you. The 80/20 split applies to it exactly as it applies to a payout you ask for. Only the profit that set the trigger off is drawn, the withdrawal stops short of your floor plus the operating buffer, and your floor does not move. Profit drawn this way is spent for these purposes and cannot set the trigger off a second time. The clause exists to pay you sooner than you would otherwise be paid; it reduces nothing owed to you, forfeits nothing, and defers nothing.

What you may and may not trade at the Live stage. The limits below hold throughout the Live stage and do not loosen as your buying power grows. Every position you open must carry a maximum loss you can work out at the moment you open it, which rules out uncovered (naked) short options. A position may be held past the close only where its risk is fully defined and the total maximum theoretical loss of everything you are carrying stays within the published fraction of the drawdown room you have left. You may trade only what is on the published instrument list. Strix may close any position, cut or withdraw the Allocation, and switch trading off in a Live sub-account at any time, automatically and with no notice beforehand — to hold you to these limits, or for reasons that have nothing to do with your conduct at all, among them the firm’s overall exposure, conditions in the market, or a requirement imposed on us by the broker.

6. Fees and Billing

You are charged once. An evaluation is sold for a single Evaluation Fee, charged in full to your payment method at the moment you buy it. Nothing renews, no subscription is created, no further charge is scheduled, and there is nothing to cancel. A separate checkbox at every point of purchase records exactly that authorization: a single charge of the amount shown, today.

The funded activation fee. If you pass an evaluation and choose to activate a Funded Account, a separate one-time Funded Activation Fee is charged upfront, at activation, to the payment method on file. Activation is your choice and the fee is disclosed before you make it. It is never deducted from a Payout.

More accounts mean more charges. Each evaluation you buy is its own one-time purchase at the price shown for it at that time. Buying a further evaluation, or a reset or other add-on we offer, is a new charge you authorize separately; none of it converts your purchase into a recurring plan.

Legacy Subscriptions. A small number of accounts still carry a Legacy Subscription sold under our former recurring pricing. Only those accounts renew. For them, and only for them: the plan bills automatically on its existing cycle at the rate disclosed when it was purchased until you cancel it from the Billing page of your dashboard; the cancellation takes effect at the end of the current billing period, with access continuing through the period already paid for and no further charge after the cancellation is processed; partial billing periods earn no refund and no credit; we may email a courtesy renewal reminder roughly three days (72 hours) ahead of a charge on an inactive, breached, or closed account, which creates no duty to send more or different notices and leaves the charge fully valid if it is lost to a spam filter, a full inbox, or anything else outside our control; and each successful charge triggers a receipt email showing the amount, the transaction ID, and the plan name. We make this disclosure to satisfy the consumer-protection, e-commerce, and negative-option statutes that govern automatic renewals, among them the Restore Online Shoppers’ Confidence Act (ROSCA), the California Automatic Renewal Law (ARL, Cal. Bus. & Prof. Code § 17600 et seq.), and the FTC Negative Option Rule. No purchase made today creates a Legacy Subscription.

Prices can change. The price of an evaluation, and the Funded Activation Fee, are what the site shows at the time you buy or activate. We may change either at any time; a change never reaches back to a purchase already charged.

Promotions and price adjustments. Introductory pricing, promotions, referral offers, coupons, and affiliate discounts change what you pay on the charge they are applied to. Every offer is limited, conditional, and revocable for abuse unless we expressly say otherwise, and we reserve the right to correct obvious pricing or billing mistakes. Such offers can be limited by account, user, email address, risk profile, and prior redemptions.

Keeping a valid payment method. A working payment method must stay on file for activation and for any further purchase, and we can require you to update it. Billing runs on third-party infrastructure, so outages at a processor, declined transactions, network delays, and bank or card-issuer decisions outside our control are not our responsibility.

Descriptor and billing records. Charges may appear on your statement under Strix Options LLC or a closely similar descriptor used by our authorized processor. If a payment is disputed, you authorize us to submit account records, login history, IP and device data, plan selections, acceptance logs, and your service usage and trading activity as evidence.

Receipts. Every successful charge triggers a confirmation email to your address on file showing the amount, the transaction ID, and what was purchased. That message is your billing receipt, and neither ignoring it nor failing to keep it changes the validity of the charge or your duty to pay it.

7. When a Payment Fails

A failed payment means any charge attempt — an Evaluation Fee, a Funded Activation Fee, a Legacy Subscription renewal, or any other fee — that is declined, reversed, or otherwise unsuccessful.

Right away. The moment a payment fails we may suspend your trading permissions, limit what your account can do, and treat the account as out of good standing until a successful payment clears. A declined Funded Activation Fee means the Funded Account does not activate.

If failures continue. Repeated failed payments let us escalate: closing the account, cancelling any Legacy Subscription at the payment gateway, and barring future use.

While you are out of good standing. Activation, redemption and lifeline actions, and other account privileges can be blocked even while the features themselves still appear in your dashboard.

Getting back in. A successful payment can restore privileges, at our discretion, after any compliance review and applicable hold period.

Charges caught by timing. When processor timing causes a charge to capture after a cancellation or closure, we may choose to void or refund it and will record the related account events.

8. Cancellation and Account Closure

Closing an evaluation. A one-time Evaluation Fee buys access with no recurring charge behind it, so there is no billing to stop. You can ask us to close an account at any time; closing it ends access and refunds nothing already charged. Cancelling a Legacy Subscription stops its future billing, and that account can stay active until the paid period you are in runs out.

How closures are processed. Closures may be queued to run at a later time, and a technical delay or retry in that processing does not surrender our right to close.

When closure is immediate. Serious payment or compliance events, among them repeated failed payments, Disputes that are lost or left unresolved, fraud signals, sanctions concerns, and material violations of these Terms, allow us to close an account on the spot.

9. Refunds

The baseline. Except where a law specifically says otherwise, every Evaluation Fee, Funded Activation Fee, reset or add-on fee, Legacy Subscription charge, and similar service fee becomes final the moment it is charged: no refund, no credit. That covers, among other things, the one-time charge that opens an evaluation, the fee charged upfront to activate a Funded Account, charges on accounts that are later breached or closed, and any Legacy Subscription charge that processes on or prior to the date a cancellation takes effect. You expressly give up any refund right beyond what this Section itself grants.

Refunds we choose to make. In narrow situations, such as verified duplicate billing or a confirmed processor error, we may decide, entirely at our discretion, to refund or credit a charge. Doing so once sets no precedent, obligates no future refund, and admits no liability.

What can follow a refund. A refunded transaction may carry account consequences with it, including restrictions, closure, and the unwinding of benefits or credits tied to that transaction.

Availability counts as delivery. No period in which the service was available to you is refundable, whether or not you traded, logged in, or touched the platform at all during it. Once you have access, you have received the service.

Breached accounts. When an account is breached or closed for violating drawdown limits, trading rules, or any other platform rule, every fee already charged on it stays non-refundable. On a Legacy Subscription, a breach does not end the subscription itself; to stop future charges, cancel from the Billing page.

10. Chargebacks and Card Disputes

Talk to us first. Before you go to your bank, your card network, or your payment provider to open a chargeback or Dispute, you agree to contact Strix support at support@strixoptionsfunding.com. Direct communication resolves most billing concerns quickly. Opening a Dispute without contacting us first can trigger immediate suspension of your account and is treated as a material breach of these Terms.

What a Dispute sets in motion. Any Dispute can immediately suspend trading, freeze reward processing, open a compliance review, and restrict the account. For as long as a Dispute stays unresolved you have a claim to none of it — not the privileges of the program, not the opening of a new account, not a reset, not a lifeline, not a promotional benefit and not the processing of a reward — until we confirm your good standing is restored.

After the Dispute closes. If it resolves in our favor and your standing recovers, access may resume. If it is lost or never resolves, the affected accounts and subscriptions may be permanently restricted or closed, and after an internal review period we may run automated or manual closure and remediation on accounts with unresolved Disputes.

Unwinding related benefits. Credits and benefits connected to a disputed or refunded transaction, including affiliate credits, promotional credits, and effects on reward eligibility, may be reversed.

Linked Accounts. Where the law allows, we may treat a Dispute on any one account as a platform-wide risk event and suspend, close, or permanently ban any Linked Account.

What you still owe. To the fullest extent the law permits, you stay liable for the amount in dispute, for any reversal, for any penalty a processor levies, and for the reasonable cost of recovering them, inside the firm and outside it (collection costs and attorneys’ fees among them, where recoverable).

Reporting abuse. Payment abuse we suspect, patterns consistent with friendly fraud, misused identities, and coordinated chargeback activity may be reported, as the law permits, to law enforcement, payment processors, fraud-prevention networks, financial institutions, and other appropriate parties.

The evidence we keep. Strix retains comprehensive timestamped records: account interactions, billing events, emails (billing receipts included), login sessions, dashboard activity, acceptance of these Terms, IP and device fingerprints, consent records, and trading history. You agree that we may assemble and present those records, alone or together, as evidence in chargebacks, Disputes, arbitrations, and court proceedings, and you further agree that your service usage, account activity, and communication history evidence an authorized business relationship and valid consent to each charge you made.

Remedies stack. Every remedy in this Section adds to, and does not replace, our other remedies, and choosing to apply, delay, or skip a remedy once waives nothing, then or later.

11. Performance Rewards

A program of its own. The performance reward program, payouts included, stands apart from the evaluation services you purchase and is never bundled into them. Qualifying requires passing the evaluation, being accepted into the advanced simulated stage (a Funded Account) under its separate agreement, meeting the program rules in force at the time, holding good standing, and clearing any required compliance verification. No evaluation fee, however paid, entitles anyone to a reward. Rewards are discretionary recognition of skill shown in the simulation, not profits, not investment returns, not wages, and not distributions of trading capital. This Section governs rewards at the Evaluation and Funded stages. A payout at the Live stage is a different thing: it is contractual profit share on capital that is ours, governed by Section 5 and by the Live Trader Agreement, and the winning-day, consistency and payout-cap rules in this Section do not apply to it.

What a payout cycle must contain. Two rule packages are in force, and a Funded Account is subject to exactly one of them — never both and never neither. Which package applies is decided by when the evaluation that produced the account was purchased, is fixed when the Funded Account is activated, and does not change after that. The cutover is an instant, not a day: 11 September 2026 at 5:35 PM ET (21:35 UTC). An evaluation purchased at or after that instant is subject to the current package, and one purchased before it keeps the earlier package described in the next paragraph. Where you are unsure which side of that instant your purchase fell on, your dashboard states the package your account is held to, and that is the package we apply. Under the current package there is no consistency rule in either phase: nothing limits how much of an evaluation, or of a payout cycle, a single trading day may be. In its place, a payout requires the payout cycle to contain at least 8 qualifying winning days. A qualifying winning day is a trading day the account closes with realized profit at or above the floor for its size: $200 on a $100K account, $150 on a $50K account, $100 on a $25K or $10K account. Realized profit means closed positions only; unrealized movement on an open position never makes a day qualify. The 8 days are counted, not consecutive: they may fall in any order and over any stretch of time, and a losing day, a flat day, a winning day below the floor, and a day you do not trade each leave the count exactly where it stood. A payout cycle ends, and a new one begins collecting its own 8 qualifying days, on either of two events: a payout is paid, or a payout request is rejected. A request you cancel yourself ends nothing and costs you no qualifying days.

Accounts sold under the earlier package. An account whose originating evaluation was purchased before that instant keeps the package it was sold, for the life of the account, and we will not move it onto the current one. Those accounts are not measured in qualifying days and carry no per-day dollar floor. Instead, no single trading day may account for more than the published share of the payout cycle’s winning profit: 30% on The Strix Plan and 50% on the Express Plan. That measurement returns to zero each time a payout is paid or a payout request is rejected, the same two events that end a cycle under the current package. The evaluation phase of those accounts carries its own cap on The Strix Plan: no single trading day may account for more than 30% of the profit that passes the evaluation. The Express Plan evaluation has never carried a cap of its own. Because a single winning day is the whole of its own cycle, the share sets a minimum by itself: 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.

Caps, minimums, and which package you are on. Whichever package applies, a payout is also subject to the maximum published for that payout number and to the minimum withdrawal published for your plan. Those figures are program parameters published on our trading rules page, form part of this contract under Section 1, and may be changed under Section 21. Meeting the requirements in this Section does not by itself entitle you to a payout: every payout remains subject to the discretion, holds, verification and good-standing conditions stated elsewhere in this Section. Your dashboard states the requirement your own account is measured against, and that is the requirement we apply to it.

Holds and reversals. A reward can be held, delayed, rejected, reversed, or cancelled over sanctions screening, suspected abuse, Dispute events, payment issues, trading-rule concerns, missing identity, tax, or documentation items, operational errors, legal requests, or risk review.

How reward value is measured. Whenever a reward’s value depends on account performance, the only performance that counts is realized profit from closed positions, measured on a cash basis that includes settled and pending-settlement cash. Unrealized mark-to-market movement on open positions never increases a reward and never unlocks eligibility by itself; it may appear in equity displays purely for information. And once a Funded Account has had a reward requested or processed, that account’s trailing-drawdown reference may be locked to the starting balance permanently, for as long as the account exists, under the program parameters then in force.

Corrections and offsets. Status fields, balances, reward records, and drawdown references can be adjusted to fix errors, enforce rules, or reflect a reward operation that was approved or rejected. Amounts you owe us, whether penalties, fees, Dispute losses, reversed transactions, or other obligations the law allows, can be deducted from rewards now or later.

Timing. Every reward timeline is an estimate. A review, a processor’s schedule, the banking rails, a holiday, a technical incident or a legal requirement can each move it.

Where rewards cannot be sent. Rewards travel through our banking partner and inherit that partner’s international payment restrictions. At present we cannot deliver rewards to recipients in these countries and regions: Afghanistan, Belarus, the Central African Republic, Cuba, the Democratic Republic of the Congo, Eritrea, Haiti, Iran, Iraq, Liberia, Mali, Mozambique, Myanmar (Burma), North Korea (DPRK), Palestine, the Republic of the Congo, Russia, South Sudan, Syria, the sanctioned regions of Ukraine, Venezuela, and Yemen. The list can change at any moment, as our banking partner’s restrictions shift and as sanctions requirements and regulatory guidance move with them, and some additional countries may require extra documentation or longer processing. Strix Options bears no responsibility for delays, rejections, or undeliverable rewards caused by banking-partner restrictions, intermediary-bank requirements, or recipient information that turns out to be inaccurate. Confirming that your jurisdiction can receive rewards is on you.

12. Program Rules and Prohibited Conduct

The published rules bind you. Trading in any Strix program means following every applicable strategy, risk, consistency, payout, and account-operation rule we publish, in the form it takes after any amendment.

Conduct we prohibit. Off-limits behavior includes, without limitation: market abuse, fraud, collusion, identity misuse, sharing or copying accounts without authorization, dodging rules through multiple accounts or entities, exploiting processor or platform vulnerabilities, raising Disputes improperly or in bad faith, and anything else we reasonably judge abusive or manipulative.

How we enforce. Acting on the data available to us and our good-faith determinations, we can investigate, suspend, restrict, reverse credits, hold rewards, void trades or benefits, or cut off access.

Rules of the platforms we use. Any third-party trading or evaluation platform connected to the services carries its own user terms, usage restrictions, and operating rules, and you must honor them, among them the Rix Platform Terms of Service published at rixtrade.com/terms. Breaking a third-party platform’s rules is grounds for denying payouts, terminating the account, forfeiting simulated trading results, and every other remedy this contract provides.

13. Verification, Sanctions Compliance, and Taxes

Proving who you are. Identity documentation, including images of government ID and selfie checks, can be required before, during, or after you use the account, and reward processing in particular may depend on it.

Financial-crime controls. Where obligations around fraud prevention, AML/CTF, sanctions, or other financial crime require it, we can ask for further information or documents at any point.

When the law forces our hand. Sanctions laws, legal process, law-enforcement requests, and compliance obligations can each compel us to turn service away, to freeze activity, to withhold rewards or to close an account, and we will do as they require.

Taxes are yours. Your tax obligations and filings belong to you. We may require tax forms from you, and where the law demands it we may withhold or report amounts.

14. Reliance on Third-Party Providers

The vendors behind the service. Identity checks, payment processing, banking rails, trading systems, account operations, communications, and infrastructure all run on third-party vendors, among them brokers, payment processors, platform providers, identity and KYC vendors, tax and payment-rail vendors, and infrastructure companies.

When a vendor fails. An independent third party’s outage, delay, inaccuracy, denial, policy change, or interruption is not something we are liable for, though we may make reasonable efforts to fix the fallout.

Whose records govern. Our internal logs and our vendors’ records are what we rely on to determine status, enforce rules, and settle disagreements.

15. Your Data

Privacy. How we handle personal data is set out in our Privacy Policy, which forms part of this contract.

Security. We apply commercially reasonable safeguards, but no network, platform, or third-party system can be made absolutely secure, and we do not guarantee it.

Using data to run the program. You authorize us to put trading, account, payment, compliance, and risk data to work administering the services, enforcing the rules, detecting abuse, and meeting our legal obligations.

16. Risk Disclosures

Why this section exists. The information below is educational. Every Strix service you can purchase runs in simulation, and the Live stage described in Section 5 does not. Either way, real-market options and derivatives trading carries substantial risk of loss, suits only some individuals, can produce losses very quickly, and offers no assurance that past results will repeat. Understanding these risks is part of a trader’s education.

The particular dangers of options. A real-market option can expire worthless and take the entire premium with it. Selling uncovered (naked) options exposes the writer to risk with no theoretical ceiling. Spreads, straddles, strangles, and other multi-leg strategies bring their own hazards, including losses larger than the original position. Early assignment, shifts in implied volatility, time decay, and the other pricing factors traders call the “Greeks” can all move option values sharply. Every participant should read the OCC Options Disclosure Document, Characteristics and Risks of Standardized Options, which explains what the strategies practiced here in simulation would risk in a live market, and which describes the actual risk borne by Strix’s own capital at the Live stage.

Hypothetical performance disclaimer. SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. SIMULATED TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO SIMULATED TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Simulation is not the market. Liquidity, fills, latency, slippage, execution quality, and outcomes all behave differently in a simulated or evaluation environment than in a live market, and simulated results say nothing about what real-market conditions would have produced.

Electronic systems can fail. Trading through electronic platforms and order-routing systems means accepting the risk of hardware, software, and network failures. Market data comes from third-party providers, and Strix does not guarantee its accuracy, completeness, or timeliness.

Nobody here gives advice. Nothing from Strix, whether on the website, in the dashboard, in educational materials, on social media, or in a conversation with staff, is legal, tax, accounting or investment advice. It is all general information for educational purposes. Bring financial decisions to your own professional advisors. No Strix employee, staff member, or representative has authority to give investment advice or recommendations.

About testimonials. A testimonial, a review or a performance result shown on the website, on social media or in marketing may not be typical of participants, and it guarantees nothing about future performance or success. Every participant’s results are their own.

17. Suspension, Termination, and Bans

Suspending service. Where the law permits, we can suspend or restrict any part of the services immediately, with or without advance notice, over fraud indicators, payment risk, rule violations, Dispute activity, security concerns, risk management, legal obligations, or operational protection.

Ending service. Where the law permits, we can terminate accounts and services at our discretion — among the reasons: violations that repeat, abuse we suspect, risk or compliance concerns that go unresolved, and other material problems under these Terms.

Permanent bans. Serious payment abuse (chargeback abuse among it), fraud risk, and repeated material violations can earn a permanent platform ban, with re-entry denied under the same account and equally through any Linked Account, any identity or entity, any payment method, or any access profile.

Advancement to Live is one-way. Moving up to the Live stage is permanent, and you cannot undo it. On its own a Live Program Notice shuts nothing and bars nothing: what closes your Evaluation and Funded accounts, and what attaches this restriction, is your acceptance of the Notice, your refusal of it, or its expiry, as Section 5 sets out. After any one of those, an evaluation or funded account is closed to you for good — you may not open one, buy one or hold one, not under the same account and not through a Linked Account, an identity, a payment method, an entity or an access profile, and a different email address makes no difference. The reason is structural rather than disciplinary: the Live stage takes the place of the simulated program instead of running beside it. That sets it apart from the permanent bans described just above, which are disciplinary. It outlasts termination of the Live Trader Agreement, whatever the cause. One thing alone lifts it and restores the accounts that closed — the broker refusing to accept you as an authorized trader.

What termination carries with it. A termination can extend to closing Linked Accounts, cancelling subscriptions, cancelling pending rewards where the law allows, maintaining holds and offsets, refusing future service, and preserving records for legal and compliance purposes.

18. Liability Limits and Indemnification

The cap. TO THE MAXIMUM EXTENT THE LAW ALLOWS, THE TOTAL COMBINED LIABILITY OF STRIX FOR ALL CLAIMS ARISING FROM OR CONNECTED TO THESE TERMS IS CAPPED AT THE FEES YOU ACTUALLY PAID STRIX DURING THE TWELVE (12) MONTHS PRECEDING THE EVENT THE CLAIM ARISES FROM.

Damages we never owe. TO THE MAXIMUM EXTENT THE LAW ALLOWS, STRIX HAS NO LIABILITY FOR SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES.

Your indemnity. Claims, losses, liabilities, and expenses that arise from your breach of this contract, your misuse of the services, your unlawful conduct, or your violation of a third party’s rights are yours to cover: you agree to indemnify Strix, its affiliates, and its personnel and hold them harmless.

Cost of enforcement. To the fullest extent the law allows, if enforcing these Terms against payment abuse, fraud, or a recovery obligation becomes necessary, the reasonable costs of that enforcement and recovery, including legal costs and third-party collection costs where recoverable, fall to you.

19. Governing Law and How Disputes Are Resolved

Governing law. Pennsylvania law governs these Terms, and its conflict-of-law principles do not apply.

Step one: talk it through. Before anyone files for arbitration (or files in court, where arbitration is unavailable), the party bringing the claim must send a written notice to support@strixoptionsfunding.com describing the dispute and the relief sought, then allow thirty (30) days for a good-faith attempt at resolution.

Step two: individual arbitration. Unless the law forbids it, disputes go to binding arbitration in Pennsylvania under the rules of the American Arbitration Association (AAA), and only on an individual basis. To the fullest extent the law permits, both you and Strix give up the right to a jury trial and the right to bring or join any proceeding styled as a class, consolidated, representative, collective, or mass action, or one brought in a private-attorney-general capacity. Questions about the validity, enforceability, or interpretation of this arbitration provision belong exclusively to the arbitrator.

Deadline to bring a claim. To the fullest extent the law permits, a claim connected to these Terms or to the services is permanently barred unless filed within one (1) year of when it arose.

Emergency court relief. Either party remains free to ask a court of competent jurisdiction for temporary or injunctive relief where the harm is immediate — unauthorized access, misuse, fraud, or a violation of intellectual-property or confidentiality rights.

20. General Terms

Events beyond our control. Delays and failures caused by things outside our reasonable control, cyber incidents, outages, government actions, and provider failures included, create no liability for us.

Transferring this contract. You need our written consent to assign these Terms. We may assign them ourselves as part of a financing, merger, sale, or restructuring.

What outlives the contract. Provisions meant by their nature to continue after termination do continue, among them payment obligations, offsets, Dispute and chargeback remedies, indemnification, the liability limits, and the dispute-resolution provisions.

If a clause fails. An unenforceable provision falls away on its own; the rest of the contract stands. Not enforcing a provision on one occasion waives nothing.

Reading this document. Section headings are labels for convenience, not limits on meaning, and every right and remedy stated here is cumulative rather than exclusive.

21. Changing These Terms, and the Rights a Change Cannot Reach

We can amend, and amendments run forward. These Terms, the published trading rules, the Live Program Rules and every other rule set we publish may be amended by Strix at any time and at its own discretion, for reasons of risk, compliance, law, brokerage or plain business among others. An amendment bites once it is published carrying an effective date, or on whatever date a notice of it names. To the fullest extent the law allows, going on using the services or holding any account past that date is your acceptance of the change. How we publish and give notice is Section 1’s subject; the right itself is stated here.

What an amendment cannot reach. Three things sit outside the reach of any amendment: a Payout request properly submitted and still pending when the amendment takes effect; a decline settlement already owed to you under Section 5 of these Terms or under Section 8A of the Live Trader Agreement; and a Live Trader Agreement you have already executed. Whichever rules were in force when one of those arose are the rules that govern it. This paragraph limits the one above it and every other right to amend or modify that these Terms state anywhere, Section 1’s included. Leave it out and the amendment right swallows the rest, because a right we could rewrite the instant you reached for it would never have been a right at all.

Nothing is applied backwards. Any change to these Terms or to a published rule runs from its effective date forward, and never backward. A completed trading day will not be reopened. An account that met the rules in force at the time will not be breached after the fact. A reward or profit share to which you had already become entitled, under the rules as they stood then, will not be cut.

Acting on an account is a different power. Separately, and whenever the need arises, we may suspend an account, close it, stop its trading, or hold back a Payout while we investigate — wherever we reasonably believe a rule has been broken, the simulated environment manipulated, prohibited trading carried on, fraud or chargeback activity committed, or an identity misused, and wherever the law, the broker or a regulator requires it of us. Nothing done under this paragraph carries a notice period. What it describes is a power over an account, not a power to amend, and nothing else in this Section holds it back.

22. How to Reach Us

Billing, support, compliance, and legal questions all go to one place:

Email: support@strixoptionsfunding.com

The trading constraints for the simulated programs live in our Trading Rules; the Live stage has its own Live Program Rules and its own Live Trader Agreement; and our Privacy Policy explains how we treat personal data.