What Is LucidDaily
LucidDaily is a futures trading account offered by Lucid Trading. It is designed for traders who want to request payouts more frequently after meeting the account requirements. Unlike some other trading plans, LucidDaily allows eligible funded traders to request payouts on any day rather than waiting for a fixed payout cycle.
However, daily payout access does not mean traders can withdraw money whenever they want. They must reach certain profit levels, protect their account balance and follow the firm’s trading rules.
If you are considering LucidDaily, it is important to understand how its evaluation works, what happens after getting funded and how much profit you need before requesting a payout.
What Is LucidDaily and How Does It Work?
LucidDaily is one of the account options available through Lucid Trading. It gives traders access to simulated futures trading with the opportunity to qualify for payouts.
The process starts with an evaluation account. You choose an account size and work toward its profit target while staying within the allowed loss limit. You also need to meet the selected consistency requirement.
After completing the evaluation, you can upgrade to a funded account without paying an additional activation fee. The funded stage has different rules, including daily payout requests, no consistency requirement and an intraday loss limit.
One important detail is that a funded account does not automatically mean you are trading with real brokerage money. LucidDaily starts with simulated trading. Successful traders may later be considered for LucidLive.
LucidDaily Account Sizes and Profit Targets
LucidDaily offers four account sizes. Each one has a different profit target and maximum allowed loss.
| Account Size | Profit Target | Max Loss Limit |
|---|---|---|
| $25,000 | $1,250 | $1,000 |
| $50,000 | $3,000 | $2,000 |
| $100,000 | $6,000 | $3,000 |
| $150,000 | $9,000 | $4,500 |
For example, a trader with a $50,000 account needs to make $3,000 in profit while keeping losses within the $2,000 limit.
The maximum trading size also depends on the account. The $25,000 account allows up to 2 mini or 20 micro contracts while the $150,000 account allows up to 10 mini or 100 micro contracts.
LucidDaily Evaluation Rules
Before receiving a funded account, you must complete the evaluation. This stage checks whether you can reach the profit target without breaking the account rules.
Consistency Rule
LucidDaily offers 40% consistency as its standard option and a 50% option as an additional purchase choice.
This rule limits how much of your total evaluation profit can come from your best trading day. For example, with a $3,000 profit target and a 40% consistency requirement, your largest profitable day generally cannot account for more than 40% of your total evaluation profit.
The 50% option gives traders more room to reach the target with fewer trading days. Lucid also provides a small cushion under its consistency calculation.
Remember that the consistency requirement applies during the evaluation. Funded LucidDaily accounts do not have a consistency percentage.
Daily Loss Limit
LucidDaily lets traders choose whether they want a Daily Loss Limit when purchasing an account.
If enabled, the loss limits are:
| Account Size | Daily Loss Limit |
|---|---|
| $25,000 | $600 |
| $50,000 | $1,200 |
| $100,000 | $1,800 |
| $150,000 | $2,700 |
If you reach this limit, trading is stopped until the next trading session. Your account is not automatically lost unless you also reach its maximum loss limit.
If you select the option without a Daily Loss Limit, you will not have this extra daily restriction during the evaluation or funded stage.
Intraday vs End of Day Drawdown
LucidDaily also allows traders to choose between two loss calculation methods during the evaluation.
- Intraday Drawdown: The account’s loss limit is monitored throughout the trading session. Open profits and losses can affect the calculation.
- End of Day Drawdown: The calculation uses your account balance at the end of the trading session. Open profits and losses do not affect it in the same way.
Intraday drawdown generally comes with a lower purchase price while End of Day drawdown costs more.
There is one important difference after funding. Every LucidDaily funded account uses Intraday Drawdown regardless of the option selected during the evaluation.
How Do LucidDaily Payouts Work?
Daily payouts are one of the main features of LucidDaily. Eligible funded traders can submit payout requests without waiting for a traditional weekly or monthly payout cycle.
However, two main conditions must be met.
1. Your balance must be above the buffer
A buffer is money that must remain in your account to protect its loss limit. You cannot withdraw this amount.
LucidDaily calculates the buffer using the starting account balance plus the initial maximum loss limit and another $100.
| Account Size | Required Buffer |
|---|---|
| $25,000 | $26,100 |
| $50,000 | $52,100 |
| $100,000 | $103,100 |
| $150,000 | $154,600 |
For example, a trader with a $50,000 account must keep at least $52,100 in the account before requesting a payout.
2. You need positive profit since your last payout
After receiving a payout, you must make a positive net profit before requesting another one. Even $1 in positive net profit can meet this requirement as long as your other payout conditions are satisfied.
The minimum payout request is $500. The maximum amount depends on how much profit you have above the required buffer.
How Much Profit Do Traders Keep?
LucidDaily uses a 90/10 profit split.
This means the trader receives 90% of eligible profits while Lucid Trading keeps 10%.
For example, if an approved payout is $1,000, the trader receives $900 and the firm receives $100.
Lucid states that approved payouts are sent to the selected payment method within two business days. The exact timing can depend on the payment provider.
Important LucidDaily Funded Account Rules
Before choosing LucidDaily, you should understand a few additional rules that can affect your account.
Funded Accounts Always Use Intraday Drawdown
Even if you select End of Day drawdown during the evaluation, the funded account changes to Intraday Drawdown.
This means your open trades can affect the account’s loss limit during the trading session. A profitable trade that later moves into a loss can therefore create a risk of breaking the account rules.
Trading During Major US News Is Restricted
LucidDaily funded accounts have a special rule for high-impact US dollar news events.
Traders must close all positions and stay out of the market from one minute before until one minute after a qualifying news announcement.
Breaking this rule can result in an immediate account breach. This restriction is specific to LucidDaily funded accounts.
Maximum Daily Profit
LucidDaily also has a maximum daily simulated profit amount for each account size.
| Account Size | Maximum Daily Simulated Profit |
|---|---|
| $25,000 | $6,000 |
| $50,000 | $8,000 |
| $100,000 | $10,000 |
| $150,000 | $12,000 |
Reaching this amount can place a trader in the firm’s live account review process. However, moving to a live account is subject to Lucid’s review and approval.
How Much Does LucidDaily Cost?
LucidDaily uses a one-time account purchase fee rather than a monthly subscription. Traders do not pay an additional activation fee when they pass the evaluation.
The final price depends on the account size and selected settings. Choosing a Daily Loss Limit or Intraday Drawdown can lower the purchase price, while removing the daily loss limit or selecting End of Day drawdown can increase it.
The 50% consistency option is also an additional purchase choice.
Since prices and available offers can change, check the official Lucid Trading website before purchasing an account. Also review the reset fees and final checkout amount.
Advantages and Disadvantages of LucidDaily
LucidDaily has some useful features, but its rules may not suit every trader.
Advantages
- Eligible traders can request payouts on any day.
- No consistency percentage applies to funded accounts.
- Traders receive 90% of eligible payouts.
- No monthly account subscription.
- Traders can choose different evaluation settings.
- No additional activation fee after passing.
Disadvantages
- The evaluation has a profit target and consistency requirement.
- Funded accounts always use Intraday Drawdown.
- High-impact US dollar news trading is restricted.
- Traders must keep a required buffer before requesting payouts.
- The funded account starts with simulated trading rather than a live brokerage account.
- Breaking important trading rules can result in losing the account.
Is LucidDaily Worth It?
LucidDaily may be worth considering for experienced futures traders who prefer frequent payout requests and understand how to manage trading losses.
Its 90/10 profit split and lack of a funded consistency rule are attractive features. However, the Intraday Drawdown requirement and news trading restriction need careful attention.
It may not be the best choice for beginners who are still learning how futures markets work. New traders should practice with a demo account and understand the firm’s rules before paying for an evaluation.
If you are comparing different plans, read our Lucid Trading review for a broader look at the company’s account options, fees and risks.
Frequently Asked Questions
What Is LucidDaily?
LucidDaily is a futures trading account offered by Lucid Trading. It provides an evaluation and funded stage with daily payout requests for eligible funded traders.
Does LucidDaily Offer Daily Payouts?
Yes. Eligible funded traders can request payouts on any day. However, they must meet the buffer and positive profit requirements first.
Does LucidDaily Have a Consistency Rule?
Yes. The evaluation offers a standard 40% consistency option and an optional 50% setting. Funded accounts do not have a consistency percentage.
What Is the LucidDaily Profit Split?
LucidDaily offers a 90/10 profit split. Traders receive 90% of eligible payouts and Lucid Trading receives 10%.
Can You Trade News With LucidDaily?
Trading during qualifying high-impact US dollar news events is not permitted on funded LucidDaily accounts. Traders must stay out of the market from one minute before until one minute after the announcement.
Does LucidDaily Have a Monthly Fee?
No. LucidDaily uses a one-time account purchase fee instead of a monthly subscription. Other costs such as resets may apply.
Does LucidDaily Use Real Money?
The evaluation and standard funded stages use simulated trading. Traders may later be considered for a real brokerage account through LucidLive.
Is LucidDaily Good for Beginners?
It may be challenging for beginners because it has strict loss limits and specific payout conditions. Learning futures trading and practicing before purchasing an account is a better starting point.
Final Thoughts
LucidDaily offers a different approach to funded futures trading by allowing eligible traders to request payouts more frequently. Its 90/10 profit split and lack of a funded consistency rule make it an interesting option for experienced traders.
However, the account still has important conditions. The buffer requirement, Intraday Drawdown and news trading restriction can affect how and when you receive payouts.
Before purchasing LucidDaily, compare its settings and rules with your trading approach. Do not choose an account based only on its advertised payout features.
Disclaimer
This article is for informational purposes only and is not financial advice. Futures trading involves significant risk and simulated trading results do not guarantee real trading profits.
