Lucid Trading: New but Looking GREAT (Here’s a Quick Guide)
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Trading with a newer firm means accepting more risk than trading with established names, but Lucid is highly rated and growing fast. Decide for yourself. This page contains affiliate links, which means I may earn a commission at no extra cost to you.
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15-second overview of Lucid Trading
Lucid has 3 different evaluation plans to choose from (Flex, Pro, and Black), and the Flex plan is the best choice for most traders. Lucid also offers instant funding, but Purdia (guide here) is far better for that. This page covers just the most important details, which saves you time and helps you pick the best plan.
Lucid brought back the old “Pro plan” after people were (rightfully) upset about the new “Black” plan being bad. Only choose the Pro plan if you want no scaling rule once funded (immediate access to the maximum allowed position sizing). It is more expensive because of that. They’ve stated that they’ll leave this plan up for a couple of weeks. I’ve added it back to this site in the table below.
LucidBlack vs LucidFlex - differences for the evaluation and funded account
Lucid offers 25k, 50k, 100k, & 150k account sizes. This table will compare just the 50k accounts in order to demonstrate the important policy differences among the two trading plans. Their website here makes it easy to compare different account sizes, but my site puts all the harder-to-find rules in 1 convenient spot.
| 50k Black | 50k Flex | 50k Pro | |
|---|---|---|---|
| Price before discount | $180 | $130 | $160 |
| Highest discount code | IMAN | IMAN | IMAN |
| Profit target | $3,000 | $3,000 | $3,000 |
| Max drawdown | $2,000 | $2,000 | $2,000 |
| Drawdown type | EOD | EOD | EOD |
| Daily loss limit | NONE | NONE | $1,200 |
| Consistency rule (eval) | 60% | 50% | NONE |
| Max position size | 4 minis / 40 micros | 4 minis / 40 micros | 4 minis / 40 micros |
| Activation fee | NONE | NONE | NONE |
| Minimum days to pass | 2 | 2 | 1 |
| FUNDED account rules | 50K BLACK FUNDED | 50K FLEX FUNDED | 50K PRO FUNDED |
| Profit split | 90% | 90% | 90% |
| Payout rules | Earn $3,000 between EACH payout request (and withdraw up to 50% of it) | 5 days of at least +$150 (withdraw up to 50% of the balance) | 5 days of at least +$100 |
| Daily loss limit | NONE | NONE | 60% of peak EOD balance |
| Buffer? | Must earn $3,000 between EACH payout | NONE | $52,100 |
| Consistency rule | 40% (applies to every payout cycle) | NONE | 40% (applies to every payout cycle) |
| Scaling rule | Yes | Yes | NONE |
| Max payouts | $1,500 per request, but can be higher on payouts 2–4. Live account after 4 payouts. | 50% of your balance up to $2,000 each request. Live account given after 6 payouts. | $1,500 on payouts 1 & 2, $2,000 on 3 & 4, $2,500 on 5 & 6. Live account given after 6 payouts. |
| Minimum payout | $500 | $500 | $500 |
| Additional rules | More info below | Must be net positive between payout requests | — |
The pricing for these account is significantly lower with the Iman discount. If you want larger payouts, then trade the bigger account sizes (100k and 150k accounts). Also, purchases are a one-time-payment and not a subscription.
So, which account is best?
Go with Flex if you want:
The clear #1 choice
No consistency rule once funded
No buffer for payouts
No profit objectives between payouts
Keep more money when moved to a live account
Go with Pro if you want:
To pass the evaluation in 1 day
No scaling rule once funded (immediate access to maximum position sizing)
Flex is better, especially for traders who tend to have larger winning days. It’s also easier for payouts because there’s no buffer or profit objectives between payouts. Personally, I think the Flex accounts are the obvious choice. I currently don’t see any appeal for the LucidBlack accounts - why pay more money for harder rules? The 10% consistency difference in the evaluation is negligible, and having profit objectives between EACH payout on LucidBlack is very bad.
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Rules to understand for payouts and earning a live account
Microscalping: 50% of your profits must come from trades held for longer than 5 seconds
Max accounts: Up to 10 evaluations at a time and a max of 5 funded accounts. Up to 5 live accounts.
LucidFlex 👍🏼
This is Lucid’s best plan, and it’s my personal favorite choice when choosing a firm based on wanting a 90% profit split.
The “Net positive between payouts” rule
This rule makes consecutive payouts more difficult, and I don’t like it. But, here’s how it works: after you request a payout from your funded account, let’s say your 50k account balance is at $51,000. In order to request another payout, your balance must be above $51,000 - even if it’s just by $1. You must be net positive between payouts. Technically, the rule isn’t that hard — it’s just the principle of it that I dislike. If you’re not net positive after your previous payout, you’d still be in profit on the account, but you wouldn’t be illegible for a payout. Even though I don’t like it, I’d still get a Flex account due to the excellent overall rules and 90% profit split.
The live account transition rules
The “simulated profits from your LucidFlex account are used to calculate your starting LucidLive balance.” There is an $8,000 move to live cap for each 50k LucidFlex account (higher caps on the larger accounts), and “any excess profits left over will be forfeited upon the move to live.”
Their policy states that you can request 6 payouts from each account before moving live. So, since the 50k account has a max payout request each time of $2,000, that means that the maximum sim profit earnings for 1 50k Flex account should be $12,000 (6 payouts of $2,000 each). They do not clearly state that — I’ve just crunched the numbers here.
LucidBlack 👎🏼
Profit targets between payouts and the “bonus” payouts (the rules below use the 50k account as an example)
I do not see any reason to purchase accounts on this plan. Anyways, to receive a payout, you must hit a profit target between EACH payout request. For the 50k account, that’s $3,000. Lucid states that you can also earn a “bonus payout” — however, earning this can only happen if you make at least $5,000 on payouts 2 through 4. Doing that gives you the option to withdraw another $1,500. The maximum is $1,500 per request, but the bonus would bring that to $3,000. You’d need to make $5,000 to get that. You are not getting a “bonus payout,” you’re just unlocking the ability to withdraw a higher percentage of the money you made.
Max earnings potential,“wasted” profits, and the live transition
If you earn $3,000 between each of the 4 allowed payouts and withdraw the maximum of $1,500 each time, you will have made $12,000 in profit with $6,000 in payouts. That leaves $6,000 that doesn’t go in your bank account. Sure, you can earn back part of that after 10 profitable days and $10,000 in earnings on the live account, but, once again, this makes the LucidFlex plan the obviously superior choice. With Flex, you could get funded on a live account with Lucid’s capital, whereas on Black you’re getting funded on a live account using the capital you earned in sim funded. Remember; when you’re looking at firms, keep the max earnings potential in mind. I made almost exactly $5,000 on a MyFundedFutures 50k core account (no longer offered), because you can only have 5 payouts of a maximum of $1000, and then they gave me a $2,500 live account to trade. I got to withdraw EVERYTHING I earned — not a single dollar was forfeited or used to fund my live account. Use that example when analyzing the transition to a live account at a prop firm. In Lucid’s case, the Flex plan is obviously the clear choice. Visit Lucid’s FAQ on this new plan to view more specifics on the transition to live.
That was a lot — what’s the 10-second version?
The LucidFlex plan is one of the best accounts in the industry for a 90% profit split — just be net positive by at least $1 between payouts. Don’t buy LucidBlack. Since LucidPro just came back, buy that if you want to pass evaluations in 1 day and/or want no scaling rule once funded (immediately access to maximum positions sizing).
Some objective analysis + my opinions of Lucid
If I’m trading at a firm that isn’t MFFU (highest rated and easiest in the industry), it’s because I want the 90% profit split. Lucid is a newer firm, and so trading with them rather than an established name means accepting higher risk. Public figures in this space like me have absolutely 0 insight into the financial health or intentions of any firms. I’m personally going with Lucid because I only see positive reviews, fast payouts, and a very good evaluation to funding process (Flex, not Black). Plus, they’re partnered with NinjaTrader/Tradovate. That’s good enough for me, but you must decide for yourself.
Their instant funding model “LucidDirect”
LucidDirect is Lucid’s Instant funding model, and the rules are pretty much exact copies of models that have been around for a while now. So, it seems to be safe in terms of sustainability. However, it is very difficult and far more complicated than Purdia’s model. If you want instant funding, check the full guide here on Purdia. Their entire model can be explained in less than 20 seconds, whereas the sim-funded instant-funding model used by Lucid and other firms has an enormous amount of rules and objectives for payouts. There is no reason to choose this for instant funding over Purdia (guide).
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