How does escrow work?
When a trader first transitions to LucidLive, profits from all LucidPro and LucidDirect accounts are combined into one pool and split between two buckets: 70% eligible for live and 30% to be held in escrow.
70% eligible for live will be allocated to the trader’s LucidLive account.
30% held in escrow will be made available to the trader across 3 equal bonuses as they hit performance benchmarks in the LucidLive account.
First Bonus Released - 10 total trading days with profits of $500+
Second Bonus Released - 20 total trading days with profits of $500+
Third Bonus Released - 30 total trading days with profits of $500+
What is a LucidEscrow account?
If the trader liquidates the LucidLive account from drawdown, the remaining balance held in escrow will be used to create a LucidEscrow Account.
The LucidEscrow account is a simulated account that will offer the trader a second chance at moving back to LucidLive. The starting balance will be the remaining amount held in escrow when the LucidLive account was liquidated.
The trader may take a payout of up to $2,500 from the LucidEscrow account for every 10 trading days with a profit of $500 or more.
How do I move back to LucidLive?
Traders must complete 20 profitable trading days, each earning $500 or more, to return to live status. Once achieved, a portion of the LucidEscrow balance will be held again, with the amount determined by our risk team on a case-by-case basis.
