Lux Trading Firm used to have a pretty good reputation, but recently we have been receiving information that Lux Trading Firm is not behaving very decently with its clients. We received this information and took it into account in our rating.
Lux Trading Firm is a prop firm offering seed funding up to $150,000 and an aggressive scaling program up to $2,500,000, with profit sharing up to 65%.
Lux Trading Firm Rating: 6,6
Lux Trading Firm Features:
- Financing of up to $2,500,000 million
- 65% profit sharing
- Not a very good reputation
- Not friendly customer service (according to our customers)
- No limit on lucrative targets
Lux Trading Firm Review
Lux Trading Firm is a prop firm based in London, UK. It offers 3 different starting amounts of funding, ranging from $50,000 to $150,000. They are priced between £199 and £399, which is quite competitive in the market.
What is Lux Trading Firm
Lux trading firm helps and encourage their traders to succeed in their careers.
The company was created to bring together people with a high level of experience to discover trading and investment opportunities. It is a well-capitalized firm that prioritizes the execution of its traders’ strategies, analysis, and growth.
The company gives you the opportunity to earn more profits by trading in accounts with balances up to $10,000,000+. With the help of a completed evaluation process, you will receive funding. You will then have certain profit goals that you must achieve in order to increase your account balance. Once you successfully complete the process, you are rewarded with 65% of your profits and a doubling of your account balance.
Lux Trading Firm Review
In this article, we look at Lux Trading Firm, a London-based prop firm with a very high rating, offering financing up to $2,500,000. That’s pretty good, right?
Lux Trading Firm is a prop firm offering huge capital for forex traders who can pass a trading challenge! They have a UK office in London and an office in Slovakia.
Lux Trading Firm offers 3 different starting amounts of funding, from $50,000 to $150,000. They are priced from £199 to £399, which is pretty competitive in the market.
When you buy one of the funded accounts, you are given a small demo account in which you will need to complete a task with trading targets of 6% growth, with a maximum drawdown of 4%. You will have as much time as you need to complete it. You can then switch to a real, smaller account, and then to a real, full-sized account once the challenge is passed.
Lux Trading Firm Features and Highlights
| 💼 HQ | London, UK. Bratislava, Slovakia |
| 🗓️ Registered | 2021 |
| 💸 Account Currencies | USD |
| ⚖️ Leverage | 1:100 |
| 📊 Trading platform | Trader Evolution, TradingView, Meta Trader 4 |
| 📈 Tradable instruments |
Commodities, Crypto, Forex, Indices, Stocks |
| 📋 Brokers | Global Prime |
| 💳 Deposit Methods | Bank Wire Transfer, Coinbase, Master Card, Visa |
| 💰 Withdrawal Methods |
Bank Wire Transfer, Coinbase |
Lux Trading Firm Trustpilot Reviews
Top benefits in user’s opinion:
- No time limit and fast scaling on evaluations
- Rules and the steps to get to bigger account values are clear
Bad benefits in user’s opinion:
- The price is not competitive
- Does not have the best reputation among users
Lux Trading Firm Funding Program Options
Lux Trading Firm offers 3 different sized valuation accounts – $5,000, $10,000, and $15,000, which they can increase after successfully achieving certain profit goals. The accounts differ only in the lump sum amount and the number of growth steps you would need to go through to get a $10,000,000+ account. The account is funded in U.S. dollars.
Account prices:
- $5,000 Estimated Account £299
- $10,000 Estimated account £399
- $15,000 Estimated Account £499
The company offers 10:1 leverage for Forex and metals. For indices, commodities, and bonds it is 5:1. On stocks, it’s 1:1.
The evaluation process consists of 1 phase with a target return of 6%. The minimum number of trading days for Evaluation and Advanced accounts is 29 trading days with a 6% profit target and 49 trading days with a 10% profit target for Professional accounts.
The exception is for swing traders for whom the minimum number of days for Evaluation and Advanced account phases is 15 trading days and 25 days for Professional account phases.
Profit allocation is 65%. The maximum loss limit and relative drawdown in their maximum should be – 4%. You are allowed to trade Forex pairs, metals, indices, commodities, bonds, and stocks.
Lux Trading Firm allows its traders to trade on the Trader Evolution, TradingView, or MT4 platform. They also allow overnight and weekend trading, so if you prefer these types of trading, this will be a significant bonus for you.
| 📈 Funded Trader Program | 📊 Tradable Assets | 🔍 Review |
| TSTrader | Futures | Read review |
| Ninja Trader | Futures, Forex, CFD, and Stock Markets | Read review |
| Audacity Capital | Commodities, Crypto, Forex, Indices | Read review |
What is Lux Career Scaling Plan?
Every time a trader makes a 10% profit on professional traders’ accounts, the company will move your account to the next level until you reach $2,500,000.
There is no time limit for reaching the profit target at any level.
$5k Scaling Plan
| Growth stages | Account Size | Profit Target | Max loss | Profit Split |
|
Evaluation (Demo) Account
|
5 000
|
300
|
200
|
Fee Refund
|
|
Advanced (Live) Account
|
5 000
|
300 |
200
|
65%
|
|
Professional (Live) Account
|
50 000
|
5 000
|
2 000 | 65% |
|
Professional (Live) Account
|
100 000
|
10 000
|
4 000 | 65% |
|
Professional (Live) Account
|
200 000
|
20 000
|
8 000
|
65%
|
|
Professional (Live) Account
|
500 000
|
50 000
|
20 000
|
65%
|
| Professional (Live) Account |
1 000,000
|
100 000
|
40 000
|
65%
|
|
Expert (Live) Account
|
2 500 000
|
|
100 000
|
65%
|
|
Fund Manager (Live) Account
|
10 000 000+
|
$10k Scaling Plan
| Growth stages | Account Size | Profit Target | Max loss | Profit Split |
|
Evaluation (Demo) Account
|
10 000
|
600
|
400
|
Fee Refund
|
|
Advanced (Live) Account
|
10 000
|
600
|
400
|
65%
|
|
Professional (Live) Account
|
100 000
|
10 000
|
4 000
|
65% |
|
Professional (Live) Account
|
200 000
|
20 000
|
8 000
|
65%
|
|
Professional (Live) Account
|
500 000
|
50 000
|
20 000
|
65% |
|
Professional (Live) Account
|
1 000 000
|
100 000
|
40 000
|
65%
|
|
Expert (Live) Account
|
2 500 000
|
|
100 000
|
65%
|
|
Fund Manager (Live) Account
|
10 000 000+
|
$15k Scaling Plan
| Growth stages | Account Size | Profit Target | Max loss | Profit Split |
|
Evaluation (Demo) Account
|
15 000
|
900
|
600 |
Fee Refund
|
|
Advanced (Live) Account
|
15 000
|
900
|
600
|
65%
|
|
Professional (Live) Account
|
150 000
|
15 000
|
6 000
|
65% |
| Professional (Live) Account |
500 000
|
50 000
|
20 000
|
65%
|
|
Professional (Live) Account
|
1 000 000
|
100 000
|
40 000
|
65%
|
|
Expert (Live) Account
|
2 500 000
|
|
100 000
|
65%
|
|
Fund Manager (Live) Account
|
10 000 000+
|
Lux Trading Firm’s Broker and Trading Platforms
Lux Trading Firm uses Global Prime as its broker. This financial services provider was founded in 2010 in Australia. The management team has more than 80 years of combined experience in financial trading in related markets.
The company creates an environment conducive to a trader’s success. For individual traders, the benefits of institutional trading are provided.
Lux Trading Firm offering 3 trading platforms:
- MetaTrader 4.
- TradingView.
- Trader Evolution.
Education and coaching plan
The company offers a number of different educational services and support for traders, which is a definite plus for novice traders. Lux Trading has a new platform called Trading Central. It is an award-winning platform for analysis and research.
The company also has a partnership with ForexSignals.com to provide forex training and mentoring to people who want to take advantage of the extra trading capital offered.
Lux Trading members can get a 7-day free trial of the service, followed by a discounted membership – use code LUX for an extra 10% off.
- Learn from traders with over 50+ years of experience.
- Join their Trading Room and chat daily with mentors and a large trading community.
- Get daily market updates and commentary via live streams.
- Share your trade ideas and get specific feedback.
- Access hundreds of trade ideas per month.
- Learn from over 300 fantastic video lessons.
Lux Trading Firm Benefits
Lux Trading Firm differs from most of the leading companies in the industry in that it has a one-step valuation process and real accounts.
Compared to other companies, Lux Trading Firm has low leverage of 10:1 to 1:1, a profit target of 6% in the evaluation and development phase, and a profit target of 10% in the professional phase. Compared to other firms that have a two-stage evaluation procedure, such as FTMO, this makes it less difficult to succeed.
The evaluation procedure takes 29 trading days and therefore potentially takes longer than other prop companies.
Lux Trading is a regulated asset management company that has received numerous awards. Most of the industry’s leading prop trading firms are not regulated at all and are not currently required to be, but it is nice to see a prop trading firm that has gone through the regulatory process. Lux only works with the regulated forex broker Global Prime, which has an excellent reputation for reliability and honesty in the trading industry.
There are two advantages over other branded companies:
- First, they do not offer demo accounts, but real/live versions as soon as you get funding.
- And second, you can choose from 1/3 different trading platforms to trade on. You can choose between MetaTrader 4, TradingView, and Trader Evolution.
Pros and Cons
Pros
- Perfect reputation.
- Weekend holding allowed.
- Scaling up to $2 500 000.
- 65% profit split.
- No time limit on profit targets.
Cons
- High initial fee.
Conclusion
When it comes to instant funding offers, LUX Trading Firm is the only Forex company that is able and willing to prove that funded traders actually trade with real money in real accounts. This is evidenced by their choice of broker (Global Prime) and trading platforms beyond the usual – and frankly substandard – MetaTrader platforms.
The scaling ladder at LUX Trading offers real career opportunities for both experienced traders and beginners motivated to reach the maximum account size of $2,500,000.
Advantages and disadvantages for traders from cooperation with pro-trading companies
| Advantages | Disadvantages |
| Ability to get start-up capital with a low entry threshold | You will have to pay a security deposit |
| Free trading training is available | You have to spend time and effort |
| Gaining access to the software | You have to learn how to work with the software |
| Direct access to the exchange | In case of a series of losing trades, the account will be automatically blocked at a certain stage |
| The help of tutors in trading guarantees a small but stable profit during the training, which will grow over time | |
| Accelerated growth in the profession, gaining experience, and deposit size | |
| Accelerated growth in the profession, gaining experience, and deposit size | |
| No conflict of interest between the legally operating company and traders | |
| It is easier to observe discipline and risk management in an organization | |
| Company priority – algorithms for fast profits. If you have the appropriate specialization, then it’s a plus | If you trade in the long term, you have less chance of cooperation. But this does not mean that there are none at all. |
Benefits and disadvantages for prop companies
| Pros | Cons |
| Capitals are fully protected against risks | The risk of not making a profit if the trader is unable to trade |
| In the long run, the passive profit is many times greater than the investment in the training of an employee | Trader may turn out to be poorly trained and the cost of his training may not justify itself |
| Diversification of profits by attracting a large number of traders and applying different strategies | |
| The widest range of opportunities and tools by attracting newcomers with different specializations | |
| Independent development of software with the adaptation of functionality for their own needs | High expenses for the development team |
| The ability to select from among the students particularly talented for further more serious development | Material and moral costs of learning to trade |
| No conflicts between the interests of the company and traders due to transparent and legal business practices |
What are the risks of proprietary traders?
Prop trading companies have their own clearly working system of risk management, beneficial for both parties:
- there are limits on losses per trading session;
- there is a daily volume limit for buying/selling assets;
- there is no possibility of carrying over the trades to the next day.
Each transaction is monitored by a manager, who has the right to stop trading if the account amount is about to reach a critical point.
The increased risk of traders is related to the fact that only 10% of proprietary companies legally conduct their business. The rest are scammers hiding behind the name of proprietary trading. Most of all the frauds concern the contributions to the organization, paid training and software, participation in trading contests, transactions that do not enter the market.
What traders should pay attention to when choosing a proprietary trading company
Amount and terms of the insurance contribution. The deposit, increased with part of the organization’s capital, should provide an increase in the volume of transactions and at the same time not increase the risk of current drawdowns and not force yourself to limit the volume.
- Conditions for Participation in Traders Contests. Legitimate pro companies hold such events using demo accounts, not real ones. In contests on real accounts, anyone who ends up without a prize runs the risk of not getting their deposited funds back. But even for the winner, there is no guarantee that he or she will get the money under management. You have to understand that market conditions of real trading are cardinally different from contest ones. In order to get into a reputable proprietary company, it is sufficient to prove by figures your trading qualifications. That is why they do not hold trading contests.
- The organizations developed their own platforms. If from working with them there is a lot of inconvenience, slippage, non-market price jumps, or interrupted communication, then there is a high probability that in this particular company there are scammers, who will not allow withdrawing the profit and in general to trade in profit.
- Paid training. A trader in a prop company is an employee and it is the employer’s obligation to educate him free of charge. Most often, Russian pro-trading companies train for money, and they do not even guarantee employment. Therefore, read the terms and conditions of cooperation carefully!
To become an employee of the organization you must have at least minimal trading experience because they are looking for traders who are ready to provide the employer with some proof of successful trading on real financial markets. Some proprietary trading companies offer a six-month course with no guarantee of employment. Not only your trading results will be considered, but also your personal qualities. Companies prioritize young people under 30 with no family, who can easily immerse themselves in intensive training for up to a year and a half.
FAQ
Do I get a refund of my enrollment fee?
Every new trader who signs up after 10-10-2021 that passes the Evaluation (Demo) Account stage will receive a 100% refund of their enrollment fee (excluding any reset fees).
Is copy trading allowed?
Lux Trading Firm prohibits duplicating trades and orders by using a copy trading service offered by any one provider.
Lux Trading Firm allows traders with a self-developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company. It is prohibited to copy your trades to other than your own trading account(s).
Algorithms will recognize when trades are duplicated to different trading accounts and will close them automatically. All the parties involved will be expelled from the program and no refund or reset will be possible.
Is EA allowed?
The company allows EAs that are created by the trader (trader’s intellectual property). EAs developed by a third party are prohibited since this does not show the individual trading skills of the trader. If this EA is no longer available to the trader/public, for whatever reason, the trader will be unable to update, upgrade or make changes to it for the better.
Traders can use a third-party EA as a tool to support their strategy, but without using automatic trade execution.
What is the maximum loss limit, and what is a relative drawdown level?
- The maximum drawdown level is 4% relative in stages 1 and 2 and from stage 3 and higher, it is a Hybrid model.
- The Maximum allowed Relative Draw Down is the highest realized account balance minus 4% and is compared to equity and balance.
