Options Funding Review
Options Funding, a Wyoming company that dates itself only to 2026, sells monthly subscriptions to simulated US options evaluations on two plans that lead to simulated funded accounts; only an invitation-only Live stage trades the firm's own capital.
- Express· 10% target, buy-only
- Growth· 12% target, Level 5
Some official terms conflict. Options Funding's homepage, FAQ, Rules, Terms and blog disagree on 7 points, including whether the Evaluation and Funded stages use the firm's capital (the Terms say they are simulated) and whether a breached evaluation keeps billing; further differences are noted inline. See both versions
- List price from
- $239/mo
- Models on sale
- 2
- Document conflicts
- 7+ open
- Research checked
- 16 Oct 2026
Affiliate link · may earn commission
- Account models
- 2 plans
- Express and Growth at $25K, $50K or $100K; 1-step only, no instant model
- List price from
- $239/mo
- Express $25K, monthly until funded; plus $129 at activation
- Profit split
- 80%
- Both plans, Funded and Live; a Funded request takes at most 50% of profits
- Payout pledge
- No pledge
- Best case “as fast as 12 hours” (Rules, FAQ); the same FAQ says a few business days, and the Terms call all timing an estimate
- Max starting size
- $100K
- Per account; up to 10 at once (FAQ). Live is one account of up to $50,000
- Platforms
- RixTrade
- Simulated, manual orders only; Live trades at Interactive Brokers
Editorial assessment & evidence status
No numerical scoreBasis
- 9 official documents read
- 6 monthly list prices checked
- 7 key conflicts open; more noted inline
- No purchase, checkout, payout or support test
16 Oct 2026, 02:16–02:45 UTC. Methodology
Pricing transparency
Clear but recurringAll 6 monthly list prices agree across the selector, FAQ and plan data, and the $129 activation fee and $0.65 commission are published. Cost grows with every month you take, and the Terms disagree on billing after a breach.S1S4S3
Rule clarity
Detailed, minor gapsPer-plan tables cover targets, drawdown, caps and qualifying days, and the Terms repeat the key ones. Gaps: copy trading, the Funded lock wording and one Live answer in the FAQ.S2S3S9
Review platforms such as Trustpilot were not checked; that does not mean Options Funding has no reviews.
How funding works at Options Funding
There is no instant model: every account passes a 1-step evaluation, and every Funded payout needs 8 qualifying days.
- Step 1
Choose a plan
2 plansExpress buy-only or Growth Level 5; check Terms 9.6 for your country. - Step 2
Subscribe
From $239/moBilled monthly until funded; access within minutes, per the FAQ. - Step 3
Pass the evaluation
10% or 12%No time limit or minimum days; a 5% or 6% trailing floor. - Step 4
Activate and qualify
$129 + 8 daysActivation fee, then 8 qualifying winning days; KYC at the first request. - Step 5
Request a reward
Up to 50%Of profits: $500–$2,000 minimum, capped payouts 1–4, 80% to you.
Our verdict on Options Funding
What Options Funding publishes. Monthly list prices from $239/mo (Express, $25K) to $499/mo (Growth, $100K), billed until you are funded, and a $129 activation fee credited back on the first payout. The Rules give per-plan tables for targets, drawdown, payout minimums and caps, with no time limit, minimum days or consistency rule, and Growth allows spreads, multi-leg and undefined-risk trades.S1S4S2
What is unresolved. The firm's pages disagree on 7 points, including whether a breached evaluation keeps billing, how fast payouts arrive and whether copy trading is allowed, and the homepage's “our capital” sits beside Terms that call the Evaluation and Funded stages simulated.S1S2S3S5
What is unverified. Options Funding LLC gives no launch date beyond “2026”. Its $1,100,000+ “Verified Payouts” figure and its ten homepage testimonials (six from affiliate partners) are its own, and the Terms let it hold, reject or offset rewards, keep the amount of a rejected request and cancel pending payouts when a trader accepts Live.S1S3S6
How we review & sourcing: built from 9 official documents (the plan selector, Rules, Terms, Live Program Rules, Live Trader Agreement and four FAQ topics) as published on 16 Oct 2026, plus 16 supporting pages. We did not buy an account, start a checkout or request a payout. Sources and method
Bottom line · A detailed options-only rulebook with monthly billing and strict, capped payouts on simulated accounts. If you subscribe, budget for several months of fees, read the Live clause before you request payouts, and get written answers on the conflicts first.
Pros
- Options only: Growth allows spreads, condors and naked options
- No time limit, minimum days or consistency rule
- Overnight holds, news trading and 0DTE allowed
- Payout minimums and the first four caps published by plan and size
- $129 activation fee credited back on the first payout
Cons
- Billed every month until funded; fees generally non-refundable
- 8 qualifying days, 50% per request and capped first payouts
- A rejected payout request is still deducted from the balance
- Accepting Live cancels pending payouts; declining caps them at $3,000
- Manual orders only on RixTrade: no API and no chart yet
Who Options Funding may suit
May suit
- Options traders who want spreads, condors or naked options (Growth)
- Directional option buyers who can trade under an intraday floor (Express)
- Traders who hold overnight or trade CPI, FOMC and earnings
- Patient traders who can bank 8 qualifying days per payout
Use caution if you
- Need large or fast early withdrawals
- Trade through an API, bots or TradingView alerts
- Plan to copy trades across several accounts
- Expect to need several months to pass
Availability & country restrictions
Non-US traders are accepted, except in jurisdictions under comprehensive US sanctions, and rewards cannot be sent to the 22 countries and regions in Terms 9.6, a list the firm says may change. The Rewards Wheel sweepstakes is open only to US residents and void in New York, Florida and Rhode Island.S8S3S14S17
Restricted (Terms 9.6)
- Afghanistan
- Belarus
- Central African Republic
- Congo (Democratic Republic)
- Congo (Republic)
- Cuba
- Eritrea
- Haiti
- Iran
- Iraq
- North Korea
- Liberia
- Mali
- Mozambique
- Myanmar
- Palestine
- Russia
- South Sudan
- Syria
- Ukraine (sanctioned regions)
- Venezuela
- Yemen
Absence from the list does not confirm acceptance: the banking partner applies it when a reward is sent, and you must be somewhere a reward can be received.
Account sizes, fees and discounts
Options Funding charges a monthly USD subscription for each evaluation, from checkout until you activate a funded account. These are the 6 list prices in its official selector on 16 Oct 2026, matching the FAQ and the page's plan data; the cheapest is $239/mo for a $25K Express.S1S4S3
List prices by plan (USD per month)
| Size | Express | Growth |
|---|---|---|
| $25K | $239/mo (lowest list price) | $309/mo |
| $50K | $279/mo | $399/mo |
| $100K | $389/mo | $499/mo |
Checked 16 Oct 2026, 02:16–02:45 UTC. Billed every month until a funded account is activated, so three months on $100K Growth cost $1,497 before the $129 activation fee. All 6 combinations are selectable.
Promotions and add-ons
| Item | Price or end | Status |
|---|---|---|
| Site-wide sale70% off every monthly charge until funded, all plans; not the activation fee | Code needed; unverifiedS1S22S4 | |
| Affiliate links and codesAn extra 10% on top of any running sale (30% off becomes 40%) | No end date; codes applied since 22 Jul 2026 discount every monthly charge until funded | UnverifiedS16S4 |
| Funded activation feeCharged before a funded account goes live; added to its first payout, lost if there is none | $129 | Charged at funded activationS2S3S5 |
| CommissionEvery leg, opening and closing; taken from the account, so it counts toward drawdown | $0.65 per contract per leg | Per tradeS4 |
| Discounted ResetRestores a breached evaluation to its starting balance; up to 3 paid resets per account | 10% below your price for that account | One-time charge, evaluation onlyS2S9 |
| Plan upgradeAn untraded, never-breached evaluation to a larger or pricier plan; no downgrades | Prorated difference | Dashboard, evaluation onlyS9 |
| Live market dataBroker data charges reduce Live equity from the second month | Not published | Live stage onlyS7 |
Per the FAQ, discount codes reduce the monthly fee, not the $129 activation fee. When a referral link and a separate code are both present in one session, the Rewards rules give the link priority for attribution. Sale percentages change often (the firm's May 2026 blog cites 40% off). No code or link was tested at checkout.
Key trading rules by model
Neither plan has a time limit, minimum trading days or consistency rule. The floor is checked in real time against equity, with long options valued at the bid and short ones at the ask, so the spread alone can push a large position toward it.S2S3S9
Rules by model and stage
| Rule | Express | Growth | Sources |
|---|---|---|---|
| Profit target ($25K / $50K / $100K)evaluation | 10%: $2,500 / $5,000 / $10,000 | 12%: $3,000 / $6,000 / $12,000 | S2S9 |
| Time limit and minimum daysevaluation | None; can pass in one day | None; can pass in one day | S2S3S9 |
| Trailing drawdown ($25K / $50K / $100K)evaluation and funded | 5%: $1,250 / $2,500 / $5,000 | 6%: $1,500 / $3,000 / $6,000 | S2S9 |
| Floor moves upevaluation and funded | In real time (intraday) | At the close (end of day) | S2S9 |
| Daily loss limitevaluation and funded | None published; a daily limit applies only at Live | None published; a daily limit applies only at Live | S2S6 |
| Consistency ruleevaluation and funded | None | None | S3S9 |
| Strategiesevaluation and funded | Buy-only: single-leg long calls and puts | Level 5: spreads, multi-leg, naked options | S2S25S23 |
| Tickersevaluation and funded | 275 whitelisted; 0DTE allowed | 275 whitelisted; 0DTE allowed | S15S10 |
| Order entryevaluation and funded | By hand in RixTrade; no API or automation | By hand in RixTrade; no API or automation | S11 |
| Copy tradingevaluation and funded | Advertised; the Terms ban unauthorized copyingC4 | Advertised; the Terms ban unauthorized copyingC4 | S1S3S11 |
| After a breachevaluation | Paid reset, up to 3; billing after a breach conflictsC2 | Paid reset, up to 3; billing after a breach conflictsC2 | S2S9S3 |
| Drawdown lockfunded | At the starting balance, once the balance reaches it (trigger unclear) or at payout 1 | At the starting balance, once the balance reaches it (trigger unclear) or at payout 1 | S2S9S3 |
| After a breachfunded | Closed for good; no reset at any price | Closed for good; no reset at any price | S2S9 |
Accounts: up to 10 active evaluation or funded accounts at a time, per the FAQ. The homepage's “Copy trade up to 10 accounts” is explained nowhere (C4).S4S1
Commission: $0.65 per contract on every leg, opening and closing, taken from the account balance, so it counts toward profit and drawdown: opening and closing 10 contracts costs $13.S4
How the floor moves
Express's floor rises with each new equity high in real time; Growth's rises only at the close. Either is breached the moment equity touches it intraday. The FAQ's Growth $50K example: the floor starts at $47,000, a $52,000 close lifts it to $49,000 and a $53,000 close to $50,000.S2S9
The Funded lock
A funded account starts with a fresh trailing floor. The Rules and FAQ say it locks at the starting balance when the balance reaches the lock balance (the starting balance) or when the first payout is paid, whichever comes first. A funded balance starts at that level, yet the FAQ's own example has a floor still trailing at $98,600 under a $104,600 high on $100K Growth, so the first trigger is unclear. The firm's May 2026 blog says the floor locks the moment you are funded; the Rules do not. A funded breach closes the account for good.S2S9S3S21
Strategies, tickers and expiry
Express is buy-only: single-leg long calls and puts, no selling. Growth has Level 5 access: credit and debit spreads, iron condors, calendars, diagonals and naked short options, within the floor. Both trade only whitelisted tickers. Overnight holds and news trading are allowed; expiring positions are closed at 3:55 PM ET, or 4:10 PM ET for SPY, QQQ, IWM and DIA.S2S25S23S15S10
Automation, devices and VPN
Every order is placed by hand in RixTrade: no API, no automated routing and no TradingView link. A VPN is generally allowed, and one account can be open in two sessions. Related accounts are identified by identity, payment method, device, IP or household, and circumventing rules across them is prohibited.S11S10S3
What happens when a rule is broken
| Trigger | Applies to | Consequence |
|---|---|---|
| Equity touches the floor (checked in real time) | Evaluation | terminationAccount closed; up to 3 paid resets restore itS2S9 |
| Equity touches the floor | Funded | terminationClosed for good; no reset at any priceS2S9 |
| Fewer than 8 qualifying winning days in the cycle | Funded | payout delayNo request until the count is met; it restarts after each paid payoutS2S3 |
| A payout request is rejected | Funded | payout cancelledThe amount is still removed from the balance and not returned; the cycle resetsS3 |
| KYC, tax, sanctions, dispute or payment-risk review | Funded | payout delaypayout cancelledReward held, delayed or rejected; amounts owed can be offset against itS3S5 |
| Prohibited conduct, including unauthorized account copying or rule circumvention across accounts | All accounts | payout cancelledprofit excludedterminationRewards held, credits reversed, trades voided or access endedS3 |
| Accepting a Live Program Notice | Funded to Live | payout cancelledterminationEvery pending payout request cancelled without payment; all evaluation and funded accounts closedS3S6 |
| Declining, or not answering within 30 days | Funded to Live | payout cancelledterminationPending requests paid up to $3,000 in total (nothing if unanswered); accounts closed and re-entry barredS3S6S7 |
| 30 days without activity (from 16 Oct 2026) | Live | terminationAccount closed; the capital returns to the firmS6 |
Payouts and profit sharing
Every request needs 8 qualifying winning days in the current cycle, KYC (photo ID and a selfie) and a W-9 or W-8BEN before the first payout, and a rule-compliance review. The amount leaves the account only when it is paid.S2S8S5S3
Payout terms by model
| Term | Express | Growth | Sources |
|---|---|---|---|
| Profit split | 80% | 80% | S2S5 |
| Per request | Up to 50% of profits | Up to 50% of profits | S2 |
| Qualifying winning days ($25K / $50K / $100K) | 8 per cycle, not consecutive: $100 / $150 / $200 realized | 8 per cycle, not consecutive: $100 / $150 / $200 realized | S2S3S5 |
| Minimum payout ($25K / $50K / $100K) | $500 / $1,000 / $2,000 | $500 / $1,000 / $2,000 | S2S5 |
| Caps on payouts 1–4$25K | $1,000 · $1,000 · $1,500 · $2,500 | $1,000 · $1,500 · $2,000 · $3,000 | S2S5 |
| Caps on payouts 1–4$50K | $1,000 · $1,500 · $2,000 · $5,000 | $1,000 · $1,500 · $2,000 · $3,000 | S2S5 |
| Caps on payouts 1–4$100K | $2,000 · $3,000 · $4,000 · $10,000 | $2,000 · $3,000 · $4,000 · $6,000 | S2S5 |
| Caps from payout 5 | Not published | Not published | S2S5 |
| From payout 2 | Balance $1 above the last request level, less what the cap held back | Balance $1 above the last request level, less what the cap held back | S2S3S5 |
| Activation fee | $129 before funding; added to payout 1 | $129 before funding; added to payout 1 | S2S3 |
| Rejected request | Amount still deducted, not returned | Amount still deducted, not returned | S3 |
| Payment time | As fast as 12 hours (Rules, FAQ); a few business days once approved (FAQ)C3 | As fast as 12 hours (Rules, FAQ); a few business days once approved (FAQ)C3 | S2S5S3 |
Methods: ACH or wire (international wire outside the US) from the firm's Mercury account. Receiving details are set through Mercury's secure email after approval and must be in the name on your verified ID. No payout fee amount or crypto payout option is published.S5S19
The 12-hour figure
The Rules say a payout can be paid “as quick as 12 hours from your request” and the Payouts FAQ says “As fast as 12 hours”; the payouts page shows “the fastest track open to you”, which no document defines. The same FAQ says approved payouts typically clear within a few business days, and the Terms call all timing an estimate (C3). Review comes first, and we did not test it.S2S5S3
A first payout, worked through
The FAQ's $100K Growth account peaks at $104,600 with its floor trailing at $98,600. Requested there, half the $4,600 profit is $2,300, so the $2,000 first cap applies. Read as a gross withdrawal (the documents do not say whether caps apply before or after the split), you receive $1,600 at 80% plus the $129 fee credit; the balance drops to $102,600 and the floor locks at $100,000, leaving $2,600 of room instead of $6,000. The next request needs a balance of at least $104,301 ($104,600 less the $300 the cap held back, plus $1) and 8 new qualifying days.S9S2S3
Holds, rejections and offsets
Rewards can be held for KYC, tax, sanctions or payment-risk review, offset against amounts owed, and are not processed while a chargeback is open; the Terms disagree on whether a dispute alone suspends the account (C7). A rejected request is still removed from the balance and not returned, while a request you cancel leaves it unchanged.S3S5S13
The Live stage
Live is invitation-only and replaces the simulated program for good. It is one real-capital account at Interactive Brokers: $12,500, $25,000 or $50,000 of firm capital (for a $25K, $50K or $100K plan), with a $2,000, $2,500 or $5,000 trailing drawdown, a daily loss limit while it trails, 80% of realized profit and no payout caps. The Live Program Rules lock the floor once total profit equals the drawdown; one Going Live FAQ answer says otherwise (C5), and the documents describe what the floor trails both as peak or high-water equity and as the highest end-of-day value. From the second month, broker market-data charges reduce your equity.S6S3S12S7
Official information that needs clarification
The Terms are dated 1 Oct 2026 and the Live Program Rules 3 Oct 2026; the Rules page and FAQ carry no date, and the blog post was last updated 5 Aug 2026. None of these 7 points was resolved on 16 Oct 2026, and smaller differences are noted inline; ask support in writing which version applies to you.S3S6S2S21
Where Options Funding's documents disagree
| Issue | Source A | Source B | Practical implication |
|---|---|---|---|
| C1Firm capital or simulated accounts | Homepage, Getting Started FAQS1S14“trade with our capital”; “Trade options with $1,000,000 in capital”; a funded account “funded by the firm” (the same pages also call the evaluation simulated) | Terms 2 and 4.5, Live Program RulesS3S6Evaluation and Funded balances are “fictitious”; no one trades real capital before the discretionary Live stage | Before Live, your real money at stake is the monthly fee, any reset you buy and the $129 activation fee, and Funded payouts are discretionary rewards, not withdrawals of profit. |
| C2Billing after an evaluation breach | Terms 10.5S3The firm cancels the subscription at the breach; you are not charged again for that account | Terms 10.1 and 5.9, Rules, Drawdown FAQS3S2S9A breached account can keep an active subscription: renewal charges on it are non-refundable, and its next renewal resets it | On $100K Growth, either billing stops or another $499 is charged at the next renewal; Terms 10.5 adds that a charge on an account the firm closed is refunded if you contact support. Check the Billing page after any breach and cancel if you are done. |
| C3How fast payouts arrive | Rules, Payouts FAQS2S5“as quick as 12 hours from your request” (Rules); “As fast as 12 hours” (Payouts FAQ) | Payouts FAQ, Terms 9.5S5S3Approved payouts “typically clear within a few business days”; all timing is “estimated only”Blog post by the firmS21An approved payout is paid “the same business day” | Treat 12 hours as a best case after review, not a commitment: the only contractual statement is that timing is an estimate. |
| C4Copy trading across accounts | HomepageS1“Copy trade up to 10 accounts” | Terms 12.2, Platform FAQS3S11Bans “unauthorized account sharing/copying”; no API or automated order routing; no page explains a copy feature | Mirroring trades into several accounts without written approval risks held rewards, voided trades or termination. |
| C5When the Live floor locks | Going Live FAQ (one answer)S12Once total profit reaches “one hundred dollars above your allocated capital ($50,100 on a 100K…)” | Live Program Rules, Rules, Terms 4.13S6S2S3Once total profit equals the plan's drawdown: $5,000, $2,500 or $2,000 | On a $50,000 Live allocation, the floor stops trailing after $5,000 of profit under the Live Program Rules; read literally, the FAQ answer needs $50,100. |
| C6Subscription refund at Live | Blog post by the firm (updated 5 Aug 2026)S21“the monthly evaluation subscription is refunded in full” when a trader reaches Live | Terms 4.11(e), Live Trader Agreement 0.4, Live Program Rules 6S3S7S6Fees already charged for closed evaluation or funded accounts are not refunded, at Live or any other stage | Three months on $100K Growth cost $1,497 in subscription fees; under the Terms none of it comes back at Live. |
| C7Chargebacks and suspension | Terms 8.1, Billing FAQS3S13A chargeback may trigger immediate trading suspension, reward holds and loss of access | Terms 8.11S3Disputing a charge is your right and “will not by itself result in suspension or closure” | Raise billing problems with support first: even if the account stays open, rewards are not processed while a dispute is unresolved (Terms 8.6). |
Marketing claims the documents qualify
- “Scale up to $1M in capital” and “$1,000,000 in capital” rest on simulated accounts: the largest is $100K and the FAQ allows 10 at once. Live, the only real-capital stage, is one account of at most $50,000 ($125,000 of buying power at full scale).S1S4S6
- “Request a payout anytime. No waiting weeks.” needs 8 qualifying winning days per cycle, a $500 to $2,000 minimum and capped payouts 1 to 4; from the second payout, a balance above your last request.S1S2S3
- “Trade SPY, QQQ, or any stock options” holds only at Live; Evaluation and Funded accounts are limited to 275 whitelisted tickers.S1S2S15
- “Refundable Activation Fee” is a $129 credit on the first payout, never a refund to your card, and is lost if the account never pays out.S1S3
- “$1,100,000+ In Verified Payouts” and “Real profits paid to funded Options Funding traders” name no verifier or evidence, and the Terms call Funded payouts discretionary rewards, not profits.S1S3
- “results map cleanly to live conditions” (Getting Started FAQ) sits beside Terms 15.5, which says simulated environments “differ materially” in fills, slippage, liquidity and latency.S14S3
Refunds, resets, rewards and scaling
Separate programs with separate conditions. The only published program refund is the $129 activation fee, as a credit on the first payout (Terms 10.6). Otherwise fees come back only at the firm's discretion for billing errors, or for a charge on an account the firm itself closed (Terms 10.5), and never because a trader reaches Live.S3S2S6
Programs and their terms
| Program | What the documents say | Paid as | Status |
|---|---|---|---|
| Refunds | Generally none: discretionary for duplicate billing or processor error, and a charge on an account the firm closed is refunded (Terms 10.5); no free trialS3S13S14 | Cash | Published |
| Activation fee credit | $129 added to the first payout on that account; lost if it never pays outS3S2 | Credit on a payout | Published |
| Discounted Reset | Evaluation only: 10% below your price, up to 3 paid resets per account while its subscription is activeS2S9 | Paid reset | Published |
| Billing after a breach | Subscription cancelled at the breach (Terms 10.5), or renewals continue and reset the account (Rules, Terms 10.1)S3S2S9 | Monthly charge | ConflictingC2 |
| Plan upgrade | An untraded, never-breached evaluation can move to a larger or pricier plan for the prorated difference; no downgradesS9 | Prorated charge | Published |
| Rewards Wheel | Sweepstakes for 10%–70% discount codes, free evaluations and BOGO codes; US residents only, void in NY, FL and RI; codes expire after 30 daysS17 | Codes, prizes | Published |
| Live stage | By invitation only; accepting cancels pending payout requests, declining pays them up to $3,000 in totalS3S6S12 | Real-capital account | Published |
| Subscription refund at Live | Claimed in the firm's blog; the Terms and Live Trader Agreement refund no feesS21S3S7 | None under the Terms | ConflictingC6 |
Account progression
Starting size, simulated funded size and the real-capital Live account are three different numbers.
Starting account
$25K, $50K or $100K per evaluation, from $239/mo; up to 10 active accounts at once, per the FAQ.S1S4
Funded (simulated)
The same size as the evaluation; no scaling plan is published for a Funded account, and monthly billing stops at activation.S2S3
Live (by invitation)
One real-capital account sized by your largest funded plan: $12,500, $25,000 or $50,000 of firm capital (for a $25K, $50K or $100K plan). Buying power starts at 0.5x the plan size and reaches 1.25x after $10,000 of realized profit and 30 closed trades with a statistically positive average.S6S3
Markets, platforms, KYC and support
What you can trade
Options only. Evaluation and Funded accounts trade options on 275 whitelisted US-listed tickers, including SPY, QQQ, IWM, DIA, SPX, SPXW, XSP, RUT and VIX (NDX is not listed), with 0DTE and weeklies allowed; there are no stocks, futures, forex or crypto. At Live, US listed stock and index options trade on any ticker, stock is closing-only, naked short calls are refused, and everything else is blocked at the broker.S15S10S25S2S6
Leverage: none is published for any stage. The simulated accounts are bounded by their dollar drawdown; at Live, buying power starts at half the plan size and can reach 1.25x it.S2S6S3
Simulated accounts and company
The Evaluation and Funded stages are simulated: the Terms call every balance “fictitious”, RixTrade routes no order to an exchange, and Funded payouts are discretionary rewards, not withdrawals of profit. Despite the homepage's “trade with our capital” (C1), your real money at stake there is the monthly fee, any reset you buy and the activation fee. Only the invitation-only Live stage trades the firm's own capital, at Interactive Brokers, in an account the trader does not own.S3S20S6S1
- Founded
- “2026” in its structured data; no launch date publishedS1
- Registration
- Not publishedS3
- Regulation
- Says it is not a broker-dealer, investment adviser or registered financial institutionS3
- Governing law
- Pennsylvania, with AAA arbitration there (Terms); Wyoming for Live (Live Trader Agreement)S3S7
- Platform
- Rix Trade LLC, a Pennsylvania company; no common ownership is statedS20
Platforms
- RixTradeSimulated
Web and mobile browser, run by Rix Trade LLC; orders are entered by hand, with no API, no TradingView link and no in-platform chart yet.S11S20
- Interactive BrokersLive stage only
Live accounts are sub-accounts of the firm's own account there, traded with your own IBKR login.S2S6S19
KYC and payout ownership
- Before the first payout, inside the payout flow; sometimes before purchases or account changesS8S3
- Front and back of a government photo ID plus a selfie, and a W-9 (US) or W-8BEN (non-US)S8
- Built for individual traders (entities are not standard); the receiving account must be in the name on your verified IDS8S5
Support
Channels: email (support@optionsfunding.co), Discord, tickets and booked calls (recorded on Zoom, per the Privacy Policy). Stated response claims are “Typically reply within 8 hours” (Contact page) and “24/7 Support” (homepage); we did not test them.S18S1S19
Options Funding FAQ
What is Options Funding?
An options-only prop firm run by Options Funding LLC, a Wyoming company based in Sheridan. It sells monthly evaluation subscriptions on two plans, Express and Growth, traded on the RixTrade web platform.S3S1S11
Are Options Funding accounts simulated?
Yes, until Live. The Terms call Evaluation and Funded balances fictitious and Funded payouts discretionary rewards. Only the invitation-only Live stage trades the firm's own capital, at Interactive Brokers.S3S6
Which plans can I buy?
Express and Growth, each at $25K, $50K or $100K. Both are one-step evaluations with no time limit, minimum days or consistency rule; there is no instant-funding model.S1S4S2
How do Express and Growth differ?
Express: 10% target, a 5% trailing floor that rises intraday, buy-only single-leg calls and puts. Growth: 12% target, a 6% floor that rises at the close, Level 5 with spreads and naked options. Express has the higher fourth payout cap on $50K and $100K.S2S5
How much does Options Funding cost?
$239/mo to $499/mo until you are funded, plus a $129 activation fee credited on the first payout and $0.65 per contract per leg. Advertised discounts need a code or referral link and were not verified at checkout, and fees are generally non-refundable.S1S4S2S3
How does the drawdown work?
It trails your highest equity by 5% (Express, rising intraday) or 6% (Growth, rising at the close) and is checked in real time, with long options valued at the bid. In Funded it locks at the starting balance when your balance reaches the lock balance or your first payout is paid, whichever comes first; the FAQ's own example leaves the first trigger unclear.S2S9
When can I request a payout?
After 8 qualifying winning days in the cycle ($100, $150 or $200 realized on $25K, $50K or $100K). You can take up to 50% of profits, with a $500 to $2,000 minimum and caps on payouts 1 to 4; you keep 80%.S2S5
What happens if I am invited to Live?
You get 30 days to answer. Accepting closes your accounts and cancels pending payout requests without payment; declining pays them up to $3,000 in total and bars re-entry; not answering pays nothing.S3S6S12
Are the fees refundable?
Generally not: refunds are considered for billing errors, duplicate charges or processing failures, and Terms 10.5 refunds a charge on an account the firm itself closed. The $129 activation fee comes back as a credit on the first payout, and the Terms disagree on whether a breached evaluation keeps billing.S3S13S2
Considering Options Funding?
List prices from $239/mo until funded. Read the Live clause and get written answers on the conflicting terms before you subscribe.
An options alternative to consider
Strix Options runs a similar options-only evaluation program on the same RixTrade platform.
Sources, methodology and disclosure
Official documents, checked 16 Oct 2026
- S1Homepage and plan selectoroptionsfunding.co/ · checked 02:44 UTCPricing lives at /#pricing (the old /pricing page returns 404); plan cards, structured data and the sale banner.
- S2Trading Rulesoptionsfunding.co/rules · checked 02:44 UTCUndated; the FAQ calls it the source of truth, and the Terms incorporate it.
- S3Terms & Disclosure Agreementoptionsfunding.co/terms · checked 02:44 UTCEffective 1 Oct 2026; the billing, refund, reward, KYC and risk policies are sections of it.
- S4FAQ: Accounts and Billingoptionsfunding.co/faq/accounts-and-billing · checked 02:44 UTC
- S5FAQ: Payouts and Paymentsoptionsfunding.co/faq/payouts-and-payments · checked 02:44 UTC
- S6Live Program Rulesoptionsfunding.co/live-program-rules · checked 02:44 UTCEffective 3 Oct 2026; Live stage only.
- S7Live Trader Agreement (specimen)optionsfunding.co/live-trader-agreement · checked 02:44 UTCUnsigned specimen, text effective 1 Oct 2026; linked from the Live Program Rules, not from the sitemap.
- S8FAQ: KYC, Taxes, and Complianceoptionsfunding.co/faq/kyc-and-taxes · checked 02:44 UTC
- S9FAQ: Drawdown and Evaluation Rulesoptionsfunding.co/faq/drawdown-and-consistency · checked 02:44 UTC
Also checked the same day
- S10FAQ: Trading: What You Can Tradeoptionsfunding.co/faq/trading-what-you-can-trade · checked 02:44 UTC
- S11FAQ: Platform and Technologyoptionsfunding.co/faq/platform-and-technology · checked 02:44 UTC
- S12FAQ: Going Liveoptionsfunding.co/faq/going-live · checked 02:44 UTC
- S13FAQ: Billing, Refunds, and Chargebacksoptionsfunding.co/faq/billing-refunds-chargebacks · checked 02:44 UTC
- S14FAQ: Getting Startedoptionsfunding.co/faq/getting-started · checked 02:44 UTC
- S15Ticker Whitelistoptionsfunding.co/ticker-whitelist · checked 02:44 UTC275 tickers; applies to Evaluation and Funded accounts only.
- S16Affiliate Programoptionsfunding.co/affiliates · checked 02:44 UTCFetched directly, not through a referral link.
- S17Rewards Program Official Rulesoptionsfunding.co/rewards-terms · checked 02:44 UTCLast updated 26 Sep 2026.
- S18Contactoptionsfunding.co/contact · checked 02:44 UTC
- S19Privacy Policyoptionsfunding.co/privacy · checked 02:44 UTCUndated; names the vendors (Mercury, Plaid, Rix) and the Live broker.
- S20RixTrade Terms of Servicerixtrade.com/terms · checked 02:45 UTCThe platform operator's terms, effective 1 May 2026; the Terms (12.4) make them binding.
- S21Blog: Best Options Prop Firms 2026optionsfunding.co/blog/best-options-prop-firms-2026 · checked 02:44 UTCWritten by the firm; dated 16 May 2026, last updated 5 Aug 2026.
- S22llms.txt site summaryoptionsfunding.co/llms.txt · checked 02:44 UTCThe firm's machine-readable summary; states the running promotion's scope and end date.
- S23FAQ: Glossaryoptionsfunding.co/faq/glossary · checked 02:44 UTC
- S24Blog indexoptionsfunding.co/blog · checked 02:44 UTCIts earliest dated post, like the sitemap's earliest entry, is from 16 May 2026.
- S25FAQ: Strategies and Multi-Legoptionsfunding.co/faq/strategies-and-multi-leg · checked 02:44 UTC
How this review was researched
We read each document in full, logged every claim with its plan, stage and source, compared the documents against each other and re-fetched every page on 16 Oct 2026 (02:16–02:45 UTC). We did not buy an account, start a checkout or use a code. “Published” means Options Funding says it, not that it is proven. Our methodology
Affiliate disclosure
Up Trade Funded is reader-supported. “Visit Options Funding” buttons use our referral link and we may earn a commission; that does not change this review. Source links carry no referral. Affiliate disclosure
Figures come from Options Funding's official documents, checked 16 Oct 2026. Terms change often; confirm the current version on optionsfunding.co before buying.