u/CJBlueNorther

Instant Funding accounts like Lucid Direct or Tradeify Lightning aren't worth it.

Was looking at the $150k accounts for both these programs and it's not worth it regarding the profit to payout ratio.

For these programs, in order to be eligible for your first payout, you must reach a profit of $9k while only working $3k worth of daily drawdown....And even then, the maximum amount you are aloud to withdraw is only $3k.

So if you request to be paid the $3k, then they split that 80/20 and only pay you $2,400.

And if you are in a country that has taxes, that's yet another 20%-30% taken away from that payout, so now it's roughly $1,700-$1900 that you made.

And the initial price to buy the account was around $480 if you use the discount code, so subtract that as well and your left with $1,300-$1,500 total profit.

Profiting $9k just to ultimately walk away with only $1,300-$1,500 in actual profit isn't worth it at all.

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u/CJBlueNorther — 1 day ago

PropFirms requiring you to profit far more than what you're even allowed to withdraw?

I was reviewing the payout objectives for the $150k Lucid Direct account (Instant Funding) and the $150k Lucid Flex.

Regarding the Direct Instant Funding account, it states that to be eligible for a profit payout (You're granted 5 payouts, before being moved to Live), the first profit goal that must be reached is $9k, followed by $4.5k for the final 4 rounds of payout profit goals. So that's $27k total you have to make in order to receive all 5 payouts.

However the maximum amount can receive per payout is: $3k for the first 3 rounds of payouts, and $3.5k for the final 2 rounds. Which means the total amount you can get paid out for a single account is $16k.

So you have to make $27k just to withdraw only $16k....that's leaving $11k on the table.

Regarding the Flex account, it states that to be eligible for a profit payout every 5 profitable days of at least $250 (You're granted 5 payouts, before being moved to Live).

However the maximum amount can receive per payout is: 50% of total profit, but only up to $3k.

Which means to receive a total payout for each round, you must make $6k, then withdraw $3k, then $3k is left, then proceed to make another $6k.

So $6k x 5 is $30k, but you only get to keep half that amount, so $15k. And if you technically add the $9k you must make in the evaluation phase, that's a total of $39k you have to make in order to receive the full payouts allowed, which again is only $15k, and you leave $24k on the table.

I also reviewed Tradeify's payout objectives and the are very similar. So I ask, why do they make you profit so much more than what you're actually allowed to withdraw?

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u/CJBlueNorther — 5 days ago

Am I cooked? $150K combine, $9K profit target

I see so many people in the trading community pass evaluations by hitting the profit target in just a day or two.

At this rate it's gonna take me 3-4 weeks just to pass. Idk how people reach profit targets in just a couple days of trading when you usually only have half that amount of drawdown to work with.

I feel like it's going to take well over a month just to reach a payout considering the way I trade.

u/CJBlueNorther — 7 days ago