Lucid Trading: New but Looking GREAT (Here’s a Quick Guide)
Trading with a newer firm means accepting more risk than trading with established names, but Lucid is highly rated and growing fast. I am personally buying accounts here, so I accept that risk. This page contains affiliate links, which means I may earn a commission at no extra cost to you. Using code Iman automatically gets you the highest discount. Thank you.
Current discounts and sales at Lucid Trading
Code Iman for ALL sales (it automatically updates to every sale!)
50% off first 2 Flex or Pro accounts for new users! 1 free reset with every 5 purchases of Flex or Pro. Up to 40% off other accounts. END DATE UNCLEAR, so join the Prop Firm Center Discord to double-check. Plus, over 170 free 50k accounts have been given away there so far.
20-second overview
Lucid has two different evaluation plans to choose from, and each one has unique evaluation and payout rules. They also offer instant funding. This page will cover just the most important details, making it easy for you to choose the best option for the way you trade. Accounts are a one time-purchase, not a subscription!
LucidPro vs LucidFlex - differences and rules 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 account sizes, but my site puts all the harder-to-find rules in one convenient spot.
| 50k Pro | 50k Flex | |
|---|---|---|
| Price before discount | $160 | $130 |
| Highest discount code | IMAN | IMAN |
| Profit target | $3,000 | $3,000 |
| Max drawdown | $2,000 | $2,000 |
| Drawdown type | EOD | EOD |
| Daily loss limit | $1,200 | NONE |
| Consistency rule | NONE | 50% |
| Max position size | 4 minis / 40 micros | 4 minis / 40 micros |
| Activation fee | NONE | NONE |
| Minimum days to pass | 1 | 2 |
| FUNDED account rules | ---------------------- | ---------------------- |
| Profit split | 90% | 90% |
| Payout rules | 5 days of at least +$100 | 5 days of at least +$150 |
| Daily loss limit | $1,200 | NONE |
| Buffer? | $52,100 | NONE |
| Consistency rule | 40% (applies to every payout cycle) | NONE |
| Scaling rule | NONE | Yes |
| Max payouts | Payouts 1 & 2 are $1,500, payouts 3 & 4 are $2,000, payouts 5 & 6 are $2,500 | 50% of your balance up to $2,000 each request. You are given a live account after 6 payouts. |
| Minimum payout | 500 | 500 |
| Additional rules | Must be net positive between payout requests | 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).
So, which account is best for you?
Go with Pro if you want:
To pass the evaluation in 1 day
Immediate access to max position size once funded (no scaling rule)
Higher earnings potential in the sim-funded environment before given a live account (from what I can tell by what their website says)
Go with Flex if you want:
No consistency rule once funded
No daily loss limit in the evaluation AND funded account
No buffer for payouts
Flex is better for most traders, especially ones that have proportionately larger winning days (because of no consistency rule). It’s also easier for payouts because there’s no buffer. The Pro plan is mostly for those who want immediate access to the max position size once funded - and the price reflects that. Those are the most important differences. I’m personally liking the 25k and 50k Flex accounts.
Use code Iman to always get the best discount
Important rules to understand for payouts
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 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.
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
The transition to a live account is better off explained directly from Lucid’s FAQ to ensure you get the most accurate information. However, it looks like the Pro plan has a much higher earnings potential in sim funded before you’re transitioned to a live account. The following are direct quotes:
Flex:
The simulated profits from your LucidPro account are used to calculate your starting LucidLive balance
There is a $150,000 total live funding cap across all active accounts, regardless of quantity
Some objective analysis + my opinions of Lucid
If I’m trading at a firm that isn’t MFFU, 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 them because I only see positive reviews, fast payouts, and a pretty good evaluation to funding process. Plus, they’re partnered with NinjaTrader/Tradovate. That’s good enough for me, but you must decide for yourself. As for what I’m buying, it’s either the 50k or 25k LucidFlex accounts for now.
Their instant funding model “LucidDirect”
LucidDirect is Lucid’s Instant funding model, and the rules are pretty much an exact copy of how Tradeify does it. 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 Tradeify has an enormous amount of rules and objectives for payouts. If you have to avoid the live account, then Lucid is a fine choice, but at least check out the Purdia guide first to see how much easier it is.
Closing thoughts
Typically, my reviews are far more in-depth and display every account. However, Lucid’s website here makes it extremely easy to compare the account sizes with each other. So, no point in me doing the part that they’re good at. Plus, the purpose of my guide is to demonstrate the different policies that take more digging and reading to find. I’m just here to save you time and help you pick which account is best for you! Join the Prop Firm Center Discord!