Are you interested in learning more about Lux Trading Firm? If so, you’ve come to the right place. In this review, we’ll cover everything you need to know about this prop trading firm, including its reputation, regulation, and more.
Lux Trading Firm is a UK-based prop trading firm that offers funded trading accounts to traders around the world. The company was founded in 2020 and has quickly gained a reputation as one of the top prop trading firms in the industry. With offices in London, UK, as well as Australia and Vanuatu, Lux Trading Firm is well-positioned to serve traders from all over the globe.
One of the most important things to consider when choosing a prop trading firm is its reputation. Lux Trading Firm has received generally positive reviews from traders, with many praising the company’s funding process and supportive community. Additionally, Lux Trading Firm is regulated by the Financial Conduct Authority (FCA) in the UK, which provides an added layer of security for traders.
About Lux Trading Firm
Lux Trading Firm is a reputable prop trading firm that offers funded trading accounts to traders. With two registered companies in the UK and Saint Lucia and an operational office in Montenegro, Lux Trading Firm is a global company that provides access to financial markets.
As a prop firm, Lux Trading Firm provides capital to traders to trade with in exchange for a share of the profits. This allows traders to access larger trading accounts than they would be able to afford on their own, and it also allows them to trade with less risk.
Lux Trading Firm is committed to providing a supportive environment for traders to succeed. They offer a range of training and educational resources to help traders improve their skills. They also provide access to a range of trading platforms, including TradingView, to help traders analyze the markets and find trading opportunities.
Lux Trading Firm is based in London, UK, but they also have offices in Australia and Vanuatu. This global presence allows them to provide support to traders around the world.
Overall, Lux Trading Firm is a reliable and trustworthy prop trading firm that provides traders with access to financial markets and the support they need to succeed.
Trading Platforms
When it comes to trading platforms, Lux Trading Firm offers a range of options to suit different traders’ needs. Here are the three main platforms they offer:
Metatrader 4
Metatrader 4 (MT4) is a well-known and widely used trading platform in the forex industry. It offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators. Lux Trading Firm provides MT4 to its traders, allowing them to trade forex and other financial instruments with ease. With MT4, traders can also use automated trading strategies, known as Expert Advisors (EAs), to execute trades automatically based on pre-set rules.
Lux Trader Platform
Lux Trading Firm also offers its proprietary trading platform, called Lux Trader. It is a web-based platform that provides traders with real-time market data, advanced charting tools, and a variety of order types. Lux Trader is user-friendly and customizable, allowing traders to tailor the platform to their preferences. It also provides traders with access to a range of educational resources and trading tools to help them improve their trading skills.
TradingView
TradingView is a popular charting platform used by traders around the world. Lux Trading Firm integrates TradingView into its trading platform, providing traders with access to a wide range of technical analysis tools and indicators. TradingView is known for its user-friendly interface and an extensive community of traders who share trading ideas and strategies.
Overall, Lux Trading Firm offers a good selection of trading platforms to suit different traders’ needs. Whether you prefer a well-established platform like MT4 or a modern, web-based platform like Lux Trader, you can find a platform that suits your trading style. Additionally, the integration of TradingView into Lux Trader provides traders with access to a wealth of technical analysis tools and resources.
Trading Instruments
Lux Trading Firm offers a wide range of trading instruments across various asset classes, including forex, commodities, indices, stocks, crypto, metals, bonds, and energies. These financial instruments provide traders with plenty of opportunities to diversify their portfolios and take advantage of market movements.
Forex pairs are one of the most popular trading instruments at Lux Trading Firm, with over 70 currency pairs available for trading. These include major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like USD/SGD and EUR/NOK.
Commodities are another popular asset class, with Lux Trading Firm offering trading in precious metals like gold and silver, as well as energy products like crude oil and natural gas. Traders can also trade agricultural commodities like wheat, corn, and soybeans.
Indices are a popular choice for traders looking to trade on the performance of entire stock markets. Lux Trading Firm offers trading in a range of global indices, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225.
Stocks are another popular trading instrument, with Lux Trading Firm offering access to over 1,000 global stocks. These include shares in major companies like Apple, Amazon, and Google, as well as smaller companies in emerging markets.
Crypto trading is also available at Lux Trading Firm, with traders able to trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This provides traders with exposure to the rapidly growing cryptocurrency market.
Overall, Lux Trading Firm provides a diverse range of trading instruments that cater to the needs of traders across different asset classes. With access to a wide range of financial instruments, traders can build a diversified portfolio and take advantage of market movements across different markets.
Account Types
Lux Trading Firm offers two types of accounts: Demo Account and Funded Account.
Demo Account
The Demo Account is a simulation account that allows you to practice trading without risking any real money. This account is ideal for beginners who want to learn how to trade or for experienced traders who want to test new strategies. The Demo Account provides you with a virtual balance of $100,000 to trade with. It gives you access to all the features of the Lux Trading Firm platform, including real-time market data, charting tools, and technical indicators.
Funded Account
The Funded Account is a real trading account that is funded by Lux Trading Firm. It is designed for traders who have passed the evaluation process and have proven their trading skills. The Funded Account provides you with a real trading account balance that ranges from $50,000 to $1,000,000, depending on the account type you choose. You can choose from four different account types: $50,000, $100,000, $200,000, and $1,000,000.
To qualify for a Funded Account, you must pass the evaluation process. The evaluation process consists of two stages: Evaluation and Advanced. In the Evaluation stage, you need to achieve a profit target of $12,000 for the $200,000 account and $8,000 for the $100,000 account. In the Advanced stage, you need to achieve a profit target of $24,000 for the $200,000 account and $16,000 for the $100,000 account.
Once you have passed the evaluation process, you will receive a Funded Account with a real trading account balance. You can trade with the same features of the Demo Account, including real-time market data, charting tools, and technical indicators. However, you will be trading with your own money, and you will keep a percentage of the profits you make. Lux Trading Firm takes a percentage of the profits as a commission.
In conclusion, Lux Trading Firm offers two types of accounts: Demo Account and Funded Account. The Demo Account is ideal for beginners who want to learn how to trade or for experienced traders who want to test new strategies. The Funded Account is designed for traders who have passed the evaluation process and have proven their trading skills. The Funded Account provides you with a real trading account balance that ranges from $50,000 to $1,000,000, depending on the account type you choose.
Evaluation Process and Funding
If you’re interested in trading with Lux Trading Firm, you’ll need to go through their evaluation process to prove your trading skills. The evaluation process is designed to ensure that traders are capable of managing risk and drawdown, and it consists of a single evaluation phase with no time limit to reach your profit target.
Lux Trading Firm offers five different funded accounts, ranging from $50,000 to $1,000,000. To obtain funding, traders must meet fixed criteria on the trading accounts, such as a 4% daily drawdown limit. Once traders pass the evaluation phase, they can start trading with a funded account and receive a profit split of up to 75%.
It’s important to note that Lux Trading Firm pays traders a 75% profit share on the Professional 25k, 50k, 100k, or 200k Accounts (Stage 3 and up) as long as the trader has made a net profit in the current month, relative to the High-Water Mark. The High-Water Mark is the highest point that a trader has reached in their account balance.
Lux Trading Firm’s evaluation process and funded accounts provide traders with an opportunity to trade with live capital and receive a profit split. The evaluation process is designed to ensure that traders are capable of managing risk and drawdown, and the funded accounts offer traders the ability to trade with up to $1,000,000 in live capital.
Overall, Lux Trading Firm’s evaluation process and funded accounts provide traders with a unique opportunity to trade with live capital and receive a profit split. If you’re interested in trading with Lux Trading Firm, it’s important to carefully review their evaluation process and funded account options to determine if they’re the right fit for you.
Trading Conditions
When it comes to trading conditions, Lux Trading Firm offers some of the best in the industry. Let’s take a closer look at the leverage, drawdown, profit targets, and trading rules.
Leverage and Drawdown
Lux Trading Firm offers leverage up to 10:1 for its Elite Funded Traders. This means that for every $1 in your account, you can trade up to $10 in the market. However, it’s important to note that leverage can increase both your profits and losses, so it’s crucial to use it wisely.
In terms of drawdown, Lux Trading Firm has a maximum drawdown limit of 5% for its Elite Funded Traders. This means that if your account balance falls below 95% of your starting balance, you will be disqualified from the program. While this may seem strict, it’s designed to protect both the trader and the firm from excessive losses.
Profit Targets
Lux Trading Firm has different profit targets depending on the stage of the program you are in. For Stage 1, you need to reach a 10% profit target in 22 trading days with no fee refund and no profit split. For Stage 2, you need to reach a 6% profit target with no time limit and a 65% profit split over a $15,000 account size. It’s important to note that profit targets are designed to be challenging but achievable, and they are meant to encourage traders to focus on consistent profitability.
Trading Rules
Lux Trading Firm has a set of trading rules that all Elite Funded Traders must follow. Some of the key rules include not holding positions overnight, not trading on Fridays, and not exceeding the maximum loss limit. These rules are designed to help traders manage risk and maximize profitability.
Overall, Lux Trading Firm offers excellent trading conditions for its Elite Funded Traders. With reasonable leverage, strict drawdown limits, achievable profit targets, and clear trading rules, Lux Trading Firm provides a solid foundation for traders looking to succeed in the markets.
Fees and Commissions
When it comes to fees and commissions, Lux Trading Firm offers a transparent pricing structure that is easy to understand. There are no monthly fees, and you only need to pay a one-time enrollment fee to get evaluated. The fee covers the use of all their unique applications, such as MT4, Trading View, and Trader Evolution platforms, a trader dashboard with all your metrics, and account analysis by a professional risk management desk.
Lux Trading Firm offers different stages with different profit targets and profit splits. For Stage 1, you need to reach a 10% profit target in 22 trading days, and there is no fee refund and no profit split. For Stage 1, you need to reach a 7% profit target in 180 days, and there is a 50% profit split from a 20k account size. For Stage 2, you need to reach a 6% profit target with no time limit, and there is a 65% profit split over a 15k account size. For Stage 2, you need to reach a 5% profit target in 44 trading days, and there is a 50% profit split from a 10k account size.
Lux Trading Firm does not charge any commissions on profits made by traders. They only take a percentage of the profits made by traders if they pass the evaluation process and get funded. The profit split percentage varies depending on the stage and account size.
Overall, Lux Trading Firm’s pricing structure is competitive and transparent. They do not have any hidden fees, and their profit split percentage is reasonable. If you are a profitable trader, the ROI of prop firm-funded accounts is brilliant. Lux Trading Firm is a good option to consider for traders who want to get funded without paying monthly fees and with a transparent pricing structure.
Profit and Payouts
When it comes to trading with Lux Trading Firm, profits are always the ultimate goal. The prop firm offers funded trading accounts to traders, which means that they provide the capital for you to trade with. In exchange for this, Lux Trading Firm takes a 25% cut of your profits, while you get to keep the remaining 75%.
It’s important to note that in order to receive payouts, you must adhere to the rules set out by Lux Trading Firm. This includes not breaking any of their risk management rules and making a net profit in the current month relative to the High-Water Mark. If you fail to meet these requirements, you may not be eligible for a payout.
Lux Trading Firm pays traders a 75% profit share on the Professional 25k, 50k, 100k, or 200k Accounts (Stage 3 and up) as long as the trader has made a net profit in the current month, relative to the High-Water Mark.
It’s worth noting that while Lux Trading Firm takes a cut of your profits, they are not profiting off of traders failing. In fact, it’s in the best interest of the prop firm for traders to succeed, as this means more profits for both parties.
In conclusion, Lux Trading Firm offers traders a fair profit split, with traders receiving 75% of their profits. It’s important to adhere to the prop firm’s rules in order to be eligible for payouts, but as long as you follow their guidelines, you can expect to receive your share of the profits.
Customer Support and Services
When it comes to Lux Trading Firm’s customer support and services, the company offers several ways to get in touch with them. You can contact their sales support team for any questions regarding their products, services, pricing, or rules at [email protected]. For technical support, you can reach out to their team at [email protected].
Lux Trading Firm also provides a detailed FAQ section on its website, which covers most of the commonly asked questions. You can find information about their profit-sharing structure, trading rules, and more. If you can’t find the answer to your question in their FAQ section, you can always reach out to their support team via email.
The company’s trader support team is available 24/7 to help you with any issues you may face while trading. They provide assistance with setting up your trading account, depositing and withdrawing funds, and resolving any technical issues.
Overall, Lux Trading Firm’s customer support and services are reliable and responsive. They offer multiple channels of communication to ensure that their clients can get the help they need quickly and efficiently.
Education and Mentorship
Lux Trading Firm provides traders with a comprehensive education and mentorship program to help them improve their trading skills and achieve their financial goals. The firm offers daily workshops, live streams, and daily market analysis to educate traders and keep them up-to-date with the latest market trends.
One of the standout features of Lux Trading Firm is its dedicated mentorship program. Traders can choose from a variety of expert mentors and have as many 1-on-1 meetings with their mentor as they need. This allows traders to receive personalized guidance and feedback on their trading strategies and to learn from experienced professionals who have a proven track record of success in the markets.
Lux Trading Firm also provides traders with access to a live trading room, where they can watch experienced traders execute trades in real time and learn from their strategies and techniques. This is an excellent opportunity for traders to see how successful traders approach the markets and to gain valuable insights into their trading process.
In addition to these resources, Lux Trading Firm also provides traders with professional analytics software, a risk desk, and other tools to help them manage their risk and optimize their trading performance. Overall, the education and mentorship program at Lux Trading Firm is a valuable resource for traders of all levels and can help them achieve their financial goals and become successful traders.
Pros and Cons
When considering whether to use Lux Trading Firm for your trading needs, it’s important to weigh the pros and cons. Here are some of the advantages and disadvantages of using this prop firm:
Pros
- Funding: Lux Trading Firm offers funded trading accounts, meaning you can start trading with a higher capital amount than you might otherwise be able to access. This can be a major advantage for traders who want to take on larger positions or who are looking to grow their accounts quickly.
- Profit sharing: With a funded account, you’ll receive a percentage of the profits you generate each month, with the remainder going to Lux Trading Firm. This can be a great motivator to help you stay focused and disciplined in your trading.
- Educational resources: Lux Trading Firm offers a range of educational resources, including webinars, tutorials, and trading guides. These can be a valuable source of information for traders who are looking to improve their skills and knowledge.
- Trading platforms: Lux Trading Firm supports a range of trading platforms, including MetaTrader 4 and cTrader. This means you can choose the platform that best suits your trading style and preferences.
Cons
- Fees: Lux Trading Firm charges fees for its services, including a monthly subscription fee and a performance fee on funded accounts. These fees can eat into your profits and make it more difficult to generate a return on your investment.
- Risk: Trading always involves risk, and using a prop firm like Lux Trading Firm is no exception. While the firm provides funding and support, there is no guarantee that you will be successful in your trading endeavors.
- Limited control: When you use a funded account, you are subject to certain rules and restrictions set by the prop firm. This can limit your ability to make certain trades or take on certain positions, which may not be ideal for all traders.
Overall, Lux Trading Firm can be a good option for traders who are looking for funding and support to help them grow their accounts. However, it’s important to carefully consider the fees and risks involved and to make sure that the firm’s services align with your trading goals and preferences.
User Reviews
Lux Trading Firm has received mixed reviews from users on various platforms. Here’s what some users are saying about their experience with the company:
- Trustpilot: Lux Trading Firm has a rating of 3.1 stars out of 5 on Trustpilot, based on 39 reviews. Some users have praised the company for its customer service and easy-to-use platform, while others have criticized it for its strict profit targets and lack of transparency.
- Reddit: Users on Reddit have reported mixed experiences with Lux Trading Firm. Some have praised the company for its funding program and supportive community, while others have criticized it for its high fees and strict profit targets.
- Forex Peace Army: Lux Trading Firm has a rating of 2.2 stars out of 5 on Forex Peace Army, based on 9 reviews. Users have criticized the company for its high fees, lack of transparency, and strict profit targets.
Overall, it seems that Lux Trading Firm has both satisfied and dissatisfied users. While some users have had a positive experience with the company, others have found its profit targets and fees to be too strict. It’s important to do your own research and read reviews from multiple sources before deciding whether Lux Trading Firm is right for you.
Conclusion
Overall, Lux Trading Firm is a reputable prop trading firm that offers a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies. Their evaluation process is rigorous, but if you pass, you can access their funded accounts and benefit from their scaling plan, which allows you to increase your capital as you hit profit targets.
Their trading platform, Lux Trader, is user-friendly and provides traders with access to a range of tools and analyses. They also offer mentorship and educational content for traders looking to improve their trading style and strategy.
One of the benefits of trading with Lux Trading Firm is their profit split, which allows traders to keep a significant portion of their profits. They also have a drawdown limit to help manage risk and protect traders’ accounts.
While the fees for their evaluation process and funding may seem high, they are comparable to other prop firms in the industry. Additionally, their customer support team is responsive and helpful, and they have a good reputation on Trustpilot.
Overall, Lux Trading Firm is a good option for traders looking for a regulated prop trading firm with a variety of trading instruments and a supportive trading community.