Strix Options

Strix Options: Funding for Options Traders

Strix Options is a proprietary trading firm (prop firm) specializing in options. Its model is based on skill evaluation programs on simulated markets: the trader pays a one-time evaluation fee and, if they reach the profit target without exceeding the drawdown limit, they gain access to capital funded by the firm. The company states that funded traders keep 80% of their net profits.

The entity operating the service is Strix Options LLC, located at 1945 Brickell Ave, Suite 800, Miami, FL 33129. The firm clarifies that it is not a broker, does not hold customer funds, and is not registered with any regulator as a broker-dealer or investment adviser.

Evaluation Tiers and Plans

The access structure is built around a one-time payment evaluation, with no monthly fees or automatic renewals. The catalog shows five capital levels, with a temporary 50% discount promotion applicable with the code SEPTEMBER:

• Strix Express 10K: price $179, reduced to $89.50 with the code. Profit target $1,200 and trailing drawdown $600. No consistency requirement. Allows holding positions overnight. Funded account activation fee: $69. Evaluation redemption: yes.
• 25K Strix: price $299, reduced to $149.50. Profit target $3,000 and trailing drawdown $1,500. Activation fee: $89.
• 50K Strix (most popular): price $419, reduced to $209.50. Profit target $6,000 and trailing drawdown $3,000. Activation fee: $119.
• 100K Strix: price $569, reduced to $284.50. Profit target $12,000 and trailing drawdown $6,000. Activation fee: $149.

All plans share the absence of a consistency requirement, the ability to hold positions overnight, and evaluation redemption. The activation fee is paid when the funded account goes live.

Conditions for Options Traders

The firm presents itself as a prop firm built specifically for trading options, not other instruments. Among the conditions it highlights are:

• Access to Level 5 strategies, with no restrictions: credit spreads, iron condors, straddles and strangles, ratio spreads, complex multi-leg structures, and naked calls and puts.
• 80% profit split of net profits for the trader once funded.
• Scalable payout structure, designed to reward performance without limiting it.
• Ability to hold positions overnight, with no obligation to trade exclusively intraday.
• Cost transparency: the plan fee is paid upfront and only the activation fee is added when the funded account is activated. Both prices are published before purchase.

Process to Access Capital

The journey described by the company has three phases. In the first, the trader must reach the profit target before hitting the drawdown limit. In the second, they access a funded account and can receive real payouts. In the third, they trade with the firm's capital in a simulated broker environment. The company states that the evaluation is a one-time fee and that there are no subscriptions or rebills while progressing toward funding.

Execution Infrastructure

Strix Options describes its execution engine as a simulated environment designed to mirror live market conditions. According to published information, orders execute against live pricing behavior, spreads and complex positions fill consistently, and trade management is seamless. The firm mentions a simulated exchange infrastructure and execution times under 10 milliseconds. The website includes a data table for SPY options with 0 DTE expiration, explicitly presented as simulated data for demonstration and not as real market data.

Nature of the Service and Disclaimers

The company itself defines its activity: Strix Options LLC runs skill evaluation programs on simulated markets. It is not a broker, does not hold customer funds, and is not registered as a broker-dealer or investment adviser. The firm emphasizes that no content on its website constitutes investment advice or an invitation to trade securities or derivatives. It also warns that options carry serious risk: a contract can go to zero at expiration, sellers of naked contracts are exposed to losses far exceeding the premium received, and multi-leg structures can accumulate risks beyond the amount initially committed. It adds that simulated results do not reflect real liquidity, slippage, or the pressure of real money, and therefore do not guarantee future results.

Customer Support and Community

The firm offers email support via support@strixoptionsfunding.com, with a stated typical response time of approximately eight hours. It also has a space for traders with live chat, community, and announcements, accessed by invitation to a Discord server.

Location and Contact

1945 Brickell Ave, Suite 800, Miami, FL 33129