LucidTrading Review:Clear Rules & Educational Focus
LucidTrading emphasizes transparency and education, offering clear rules and comprehensive learning resources. Perfect for traders who want to understand every aspect of prop trading while building their skills.
Account Sizes & Pricing
| Account Size | Challenge Fee | Profit Target | Max Drawdown | Daily Drawdown | Evaluation Period |
|---|---|---|---|---|---|
| $25,000 | $120 | $1,500 (6%) | $1,500 (6%) | $500 (2%) | 21 days |
| $50,000 | $180 | $3,000 (6%) | $3,000 (6%) | $1,000 (2%) | 21 days |
| $100,000 | $280 | $6,000 (6%) | $6,000 (6%) | $2,000 (2%) | 21 days |
| $300,000 | $680 | $18,000 (6%) | $18,000 (6%) | $6,000 (2%) | 21 days |
Trading Rules & Requirements
What's Allowed
- • Clear Rules: Transparent and easy to understand
- • Educational Resources: Comprehensive learning materials
- • News Trading: All news events permitted
- • Weekend Holding: Positions can be held over weekends
- • Multiple Strategies: Any trading approach allowed
- • Copy Trading: Social trading features available
Restrictions
- • Daily Drawdown: 2% daily loss limit applies
- • Evaluation Period: Must complete within 21 days
- • Minimum Trading Days: 10 days required for payout
- • Platform Requirements: Must use approved platforms
- • Risk Management: Must follow risk guidelines
Pros & Cons
Advantages
- • Clear Rules: Easy to understand trading requirements
- • Educational Focus: Great learning resources
- • Transparent Process: No hidden fees or surprises
- • Weekend Holding: Flexible position management
- • Good Support: Helpful customer service
- • Beginner Friendly: Great for new traders
Disadvantages
- • Daily Drawdown: 2% daily loss limit
- • Limited Account Sizes: Max $300K per account
- • Longer Evaluation: 21 days required
- • Platform Dependency: Must use specific platforms
- • Lower Profit Split: Only 80% compared to competitors
Frequently Asked Questions
Q: Is LucidTrading legit?
Yes, LucidTrading is a legitimate proprietary trading firm known for its clear rules and transparent process. They have a 3.8/5 rating from 1,600+ reviews on Trustpilot.
Q: What makes LucidTrading different?
LucidTrading focuses on clear, easy-to-understand rules and provides excellent educational resources for traders of all levels.
Q: What's the profit split?
LucidTrading offers an 80% profit split, meaning you keep 80% of all profits you generate.
Q: How long is the evaluation period?
The evaluation period is 21 days, giving you plenty of time to prove your trading skills.
Q: What's the daily drawdown limit?
LucidTrading has a 2% daily drawdown limit, which helps protect your account from large single-day losses.
Q: Can I hold positions over weekends?
Yes! LucidTrading allows weekend holding, giving you more flexibility in your trading strategies.
LucidTrading
Clear Rules • Transparent Process
What is LucidTrading?
LucidTrading is a prop trading firm that prioritizes transparency and education. They offer clear, easy-to-understand rules and comprehensive educational resources, making them perfect for traders who want to fully understand the prop trading process while building their skills and knowledge.
Key Features
📋 Transparent Rules
Clear, easy-to-understand trading rules with no hidden requirements.
📚 Educational Resources
Comprehensive learning materials and trading education.
👥 Mentorship Program
Access to experienced traders for guidance and support.
💬 Community Support
Active community of traders sharing knowledge and strategies.
Pros & Cons
✅ Pros
- • Transparent and clear rules
- • Excellent educational resources
- • Mentorship program available
- • Good community support
- • Fair profit split (85%)
- • Helpful customer service
❌ Cons
- • Higher challenge fees
- • Longer evaluation period
- • Limited advanced features
- • Smaller community size
- • Fewer trading instruments
Trading Rules
Evaluation Rules
- • Profit Target: 10%
- • Maximum Drawdown: 5%
- • Daily Drawdown: 2%
- • Evaluation Period: 21 days
- • Weekend Holding: Allowed
Funded Account Rules
- • Profit Split: 85%
- • Payout Frequency: Bi-weekly
- • Minimum Trading Days: 10
- • Maximum Drawdown: 5%
- • Daily Drawdown: 2%
Our Verdict
LucidTrading is ideal for traders who value education and transparency.Their clear rules, comprehensive educational resources, and mentorship program make them perfect for traders who want to learn and grow while understanding every aspect of prop trading.
While the higher fees and longer evaluation period might not appeal to everyone, the educational focus and transparent approach make LucidTrading an excellent choice for traders who prioritize learning and want to build a solid foundation in prop trading.