Trading Rules | Profit Targets, Drawdown and Payouts

01 · EVALUATION

Evaluation

Hit your target. No time limit.

Profit Target

Reach the profit target to get Funded. No time limit. No minimum trading days.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Profit Target	12% ($12,000)	12% ($6,000)	12% ($3,000)	12% ($1,200)	8% ($8,000)	8% ($4,000)	8% ($2,000)	8% ($800)
Time Limit	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited

Drawdown

Your trailing drawdown moves up with your highest equity. If you touch it, the account is closed. The Strix Plan is End of Day: the floor updates at market close. Express Plan is Intraday: the floor moves in real time.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Trailing DD	6% ($6,000)	6% ($3,000)	6% ($1,500)	6% ($600)	3% ($3,000)	3% ($1,500)	3% ($750)	3% ($300)
DD Mode	End of Day	End of Day	End of Day	End of Day	Intraday	Intraday	Intraday	Intraday

Consistency

The Strix Plan only. One trading day can’t be more than 30% of your total Evaluation profit. The Express Plan has no Evaluation Consistency rule.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Consistency Cap	Max 30%	Max 30%	Max 30%	Max 30%	None	None	None	None

Evaluation Redemption

The Strix Plan only. If you breach drawdown during Evaluation, you can purchase a Redemption and continue trading. One use per Evaluation purchase. When purchased, your account value resets to the max drawdown level with +1.5% extra drawdown room added. All other rules stay the same. Not available on the Express Plan.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Available	Yes	Yes	Yes	Yes	No	No	No	No
Cost	$39	$39	$39	$39	N/A	N/A	N/A	N/A
Extra DD Room	+1.5% ($1,500)	+1.5% ($750)	+1.5% ($375)	+1.5% ($150)	N/A	N/A	N/A	N/A

02 · FUNDED

Funded

Stay compliant. Earn payouts.

Drawdown

Your trailing drawdown will reset when your Funded account is activated. Once your balance reaches the lock balance, the drawdown stops trailing and becomes static. If you breach drawdown, the account is closed. No Redemption available in the Funded phase.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Lock Balance	$100,000	$50,000	$25,000	$10,000	$100,000	$50,000	$25,000	$10,000

Payouts

You keep 80% of profits (80/20 split). Each payout, you can withdraw up to 50% of profits, subject to the payout cap for that payout number. Funded activation fee is taken out of your first payout. To receive a payout, your balance must be at least $1 above your previous post payout balance.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Profit Split	80 / 20	80 / 20	80 / 20	80 / 20	80 / 20	80 / 20	80 / 20	80 / 20
Withdrawal Rate	50% of profits	50% of profits	50% of profits	50% of profits	50% of profits	50% of profits	50% of profits	50% of profits
Min Payout	$2,000	$1,000	$500	$250	$2,000	$1,000	$500	$250
1st Payout Cap	$2,000	$1,000	$1,000	$1,000	$2,000	$1,000	$1,000	$1,000
2nd Payout Cap	$3,000	$1,500	$1,500	$1,500	$3,000	$1,500	$1,000	$1,000
3rd Payout Cap	$4,000	$2,000	$2,000	$2,000	$4,000	$2,000	$1,500	$1,500
4th Payout Cap	$6,000	$3,000	$3,000	$2,500	$10,000	$5,000	$2,500	$2,000
Activation Fee	$149	$149	$99	$49	$149	$149	$99	$49

Consistency

Per payout, no single day can exceed a set percentage of that cycle’s gains. Current account consistency resets to 0% after every payout.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Max Daily Gain	30% of cycle	30% of cycle	30% of cycle	30% of cycle	50% of cycle	50% of cycle	50% of cycle	50% of cycle
Resets Each Payout	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

03 · LIVE

Live

Real capital. Full withdrawals.

Live Trading

Real buying power backed by the firm. Same 80/20 split. Withdrawals have no caps and no minimum. When you reach Live, your initial Evaluation subscription is refunded. Any payout snaps the trailing drawdown floor to starting capital.

Metric	Strix 100K	Strix 50K	Strix 25K	Strix 10K	Express 100K	Express 50K	Express 25K	Express 10K
Capital	$100,000	$50,000	$25,000	$10,000	$100,000	$50,000	$25,000	$10,000
DD Lock	$6,000	$3,000	$1,500	$600	$10,000	$5,000	$2,500	$1,000
Withdrawal	All profits	All profits	All profits	All profits	All profits	All profits	All profits	All profits
Sub. Refund	$389	$289	$209	$119	$279	$189	$149	$99

GENERAL RULES

General Rules

Clarifications that apply to every plan.

Overnight Holding

Overnight positions are allowed on all accounts and in every phase. You are never forced to flatten before market close unless the position is expiring. We believe traders should have the freedom to manage positions on their own terms.

Evaluation Fee Refund

When we push you Live, your initial Evaluation fee is fully refunded: $389 (Strix 100K), $289 (Strix 50K), $209 (Strix 25K), $119 (Strix 10K), $279 (Express 100K), $189 (Express 50K), $149 (Express 25K), $99 (Express 10K). We believe you should not have to pay a penny if you prove you can trade with discipline and consistency.

Activation Fee

No Funded activation fee is charged upfront. You progress to Funded by passing Evaluation. The activation fee is only taken if you receive a payout: $149 (50K and 100K accounts), $99 (25K accounts), or $49 (10K accounts). You do not pay it out of pocket. This aligns incentives and keeps your upfront cost low while you focus on structure, discipline, and risk management.

Strategies & Options

The Strix Plan includes Level 5 options access and allows undefined risk positions, spreads, and multi leg strategies such as verticals, iron condors, butterflies, calendars, diagonals, and more. The Express Plan is buy only and allows single leg long calls and long puts.

Ticker Whitelist

You may only trade options on whitelisted tickers. Any non-whitelisted tickers are automatically restricted from trading. Check the whitelist to view approved tickers. Ticker requests may be sent to support@strixoptionsfunding.com.

Expiring Positions

If you do not close expiring positions before 4pm on expiration day, they will be closed automatically at 4pm. This protects you from unexpected assignment risk and keeps accounts compliant.

How Consistency Works

Consistency is measured per payout cycle. It prevents one big day from dominating your gains and encourages risk management and structured trading. Example: $3,000 Evaluation profit target on the Strix Plan with 30% consistency means the max is $900 in one day. If you make more than $900 in one day, you are not disqualified. You simply need more total gains in that payout cycle so the big day becomes 30% or less. Example: If your biggest day is $1,200, your total cycle gains must be at least $4,000 because $1,200 divided by $4,000 equals 30%. This rule rewards steady execution and helps traders build repeatable systems instead of relying on one oversized day.

How Drawdown Lock Works

There is no drawdown lock during Evaluation. In Funded and Live, your trailing drawdown follows new highs until you reach the lock balance, which is your starting capital. Once locked, the drawdown stops trailing and stays static. On the Strix Plan, the trailing floor updates at the end of each trading day. On the Express Plan, the trailing floor updates in real time throughout the session. This structure rewards controlled growth, reduces risk over time, and gives disciplined traders more breathing room as they perform.

Post Payout Balance Rule

Once you receive your first payout, the post payout balance rule is active. Your balance at request time must be at least $1 above your previous post payout balance. Example: If your post payout balance after payout one is $51,000, your balance at your next payout request must be at $51,001 or higher. This promotes steady progression and encourages consistency, discipline, and structured risk management.

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