Lucid Trading: New but Looking GREAT (Here’s a Quick Guide)
Code IMAN always applies the highest available discount!
Trading with a newer firm means accepting more risk than trading with established names, but Lucid is highly rated and growing fast. There have been no major issues, but decide for yourself. This page contains affiliate links, which means I may earn a commission at no extra cost to you.
Current discounts and sales at Lucid Trading
Use code IMAN on every purchase (it always applies the highest available discount!)
Up to 50% off - get the deal here (code IMAN)
Join the Prop Firm Center Discord to check for sales. Plus, constant free account giveaways.
15-second overview of Lucid Trading
Lucid has 2 different funding plans to choose from (Flex and Pro), and Flex is the best choice for most traders. In fact, it’s one of the cheapest/easiest combined paths to funding and payouts in the industry! Lucid also offers instant funding, but Purdia (guide here) is far better for that. This page covers just the most important details.
LucidFlex vs LucidPro — differences in 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 this table puts all the harder-to-find rules in 1 convenient spot!
| 50k Flex | 50k Pro | |
|---|---|---|
| Price at 30% off | $91 | $129.50 |
| Highest discount code | IMAN | IMAN |
| Profit target | $3,000 | $3,000 |
| Max drawdown | $2,000 | $2,000 |
| Drawdown type | EOD | EOD |
| Daily loss limit | NONE | $1,200 |
| Consistency rule (eval) | 50% | NONE |
| Max position size | 4 minis / 40 micros | 4 minis / 40 micros |
| Activation fee | NONE | NONE |
| Minimum days to pass | 2 | 1 |
| FUNDED ACCOUNT | 50K FLEX FUNDED | 50K PRO FUNDED |
| Profit split | 90% | 90% |
| Payout rules | 5 days of at least +$150, then withdraw up to 50% of the balance. Must be net positive by at least $1 between each payout request | Be net positive by at least $500 between each payout |
| Daily loss limit | NONE | 60% of peak EOD balance |
| Buffer? | NONE | $52,100 (request what you make beyond the buffer) |
| Consistency rule | NONE | 40% (applies to every payout cycle) |
| Scaling rule | Yes | NONE, immediate access to maximum position size |
| Max payouts and earnings potential before getting moved to a live account | Request 50% of your balance up to $2,000 each request. Live account given after 5 payouts. That means the max earnings potential per account is $10,000. Get the 100k or 150k account if you want more. | $2,000 on 1st payout, $2,500 on payouts 2+. Live account given after 5 payouts. Max earnings potential per account is $12,000 (then you get a live account to continue trading). |
| Minimum payout | $500 | $500 |
If you want larger payouts and max earnings potential before you are given a live account, 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 for you?
Go with Flex if you want:
The best choice for most traders
No consistency rule once funded
No buffer for payouts
Easier net positive rule between payouts
Go with Pro if you want:
To pass the evaluation in 1 day
No scaling rule once funded (immediate access to maximum position sizing)
The Flex plan is one of the best plans in the industry — not just at Lucid. Unless you want no scaling rule or to pass the evaluation in 1 day, then go with Flex rather than Pro. Use code Iman on every purchase to always get the best possible discount!
Important policies and rules to understand
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.
Live account: Lucid moves you to live at their discretion or after you achieve 5 consecutive payouts on 1 account. At the moment, their website states that “All simulated accounts are closed when a trader is moved live. If you are not comfortable with that, do not keep accounts in reserve.” So, be aware of this and plan your final payouts on eligible funded accounts accordingly. Visit their website for more information on the live process if that is a concern to you. Most traders are better off focusing on the sim funded stage and securing payouts.
Activity rule: Take at least 1 trade every 30 days to keep an account open. That can be as simple as opening and closing a micro contract.
LucidMaxx: Lucid is implementing a new funding plan that is only eligible for purchase by the most consistently performing traders. When you pass the evaluation, you go straight to a live account with daily payouts, no daily loss limit, and no payout caps (since it’s a live account). It obviously has the best payout plan, but not everyone can buy it.
Some objective analysis + my opinions of Lucid
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 see positive reviews, fast payouts, and a very good evaluation to funding process. Plus, they’re partnered with NinjaTrader/Tradovate. That’s good enough for me, but you must decide for yourself. I’ve done 3 major overhauls of my website’s guide on them so far, because Lucid is frequently optimizing and making small adjustments. That’s a good sign. Join the prop firm Discord!
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).
Join the Prop Firm Center Discord to discuss firms, trading, and anything else. Plus, over 200+ free 50k accounts have been given away so far. 200!!