Getting Started
10 answered questions
Getting Started
New here? Start with what Strix Options is, how the program flows, and where the official rules live.
What Strix Options is
What is Strix Options?
A funding program for options traders. Pass a simulated evaluation to qualify for payouts and potentially a live account.
How is Strix Options different from a brokerage account?
You do not deposit trading capital. Evaluation and Funded are simulated; Live is a separate discretionary brokerage stage. Evaluations are one-time purchases. Strix Pro has no activation fee and no funded subscription. Strix and Express retain their one-time funded activation fee, charged upfront at activation: $69 to $149 depending on account size for Strix and Express; Strix Pro has no activation fee. The evaluation fee is a separate one-time payment.
Who is Strix Options for?
Options traders who want clear account rules. Evaluations have no deadline or minimum trading-day count. New Strix and Express purchases allow single-leg long calls and long puts. Selling an option you already own to close it is allowed. Opening any short leg, including a short leg in a debit spread, requires Strix Pro. Previous purchases keep their original permissions in Evaluation and Funded.
Day one
Where do I find the exact rules?
The Rules page is the source of truth. Every dollar amount, percentage, and threshold lives there.
What do I do first after signing up?
Log in, look at the dashboard, read the Rules page, and start trading. Your evaluation account is issued on the spot, there is no warm-up period, and your first trade counts straight away.
Is there a free trial?
There is no free trial. You buy the evaluation once and it is yours: a single one-time fee with no monthly billing, nothing to renew and nothing to cancel. Evaluations never expire, so the account keeps running until you pass it, breach it, or close it.
Do I need to be in the US?
No. Traders outside the US can trade with Strix. KYC and tax forms differ for non-US traders.
How do I get started right now?
Pick an account size on the homepage, complete checkout, and trading access opens. The account is issued on the spot.
How is an options prop firm different from a futures prop firm?
Strix is built for options traders. Strix Pro supports buying and supported finite-loss selling strategies; new Strix and Express accounts support single-leg long calls and puts. Buying and supported finite-loss option selling are allowed. Unlimited-loss short calls require a hedge. Call hedges must match the short call’s option root and expiration; different roots and expirations are assessed separately. A stop order does not limit theoretical maximum loss. Standard instrument trading and expiration rules apply; there is no additional Pro early-close rule.
Why is the Evaluation simulated instead of real money?
A simulated environment lets you prove an edge without your own capital at risk. The firm carries the risk on accounts that pass into Funded and Live. The simulation runs on real market data, so results map cleanly onto live conditions.