Lux Trading Firm Review

Lux Trading Firm was established to unify highly skilled individuals to explore opportunities in trading and investing. This well-funded organization places a strong emphasis on the execution, analysis, and growth of their traders' strategies.

Lux Trading Firm is devoted to the success of its traders, offering them the chance to trade on accounts with balances up to $10,000,000. In order to be funded, traders must successfully navigate a unique two-stage evaluation process, meeting specific profit targets to grow their account balance. Upon completion, traders are rewarded with a 75% profit split and an increase in account balance.

About Lux Trading Firm

With offices in London and Bratislava, Slovakia, Lux Trading Firm is a proprietary trading company offering their traders up to $10,000,000 in account balance. They work with a reputable broker, After Prime, based in Australia.

Lux Trading Firm is a registered entity in the UK as Lux Trading Firm Ltd (company number 131609991), and also operates under Lux Trading Firm s. r. o in Slovakia, registered on 12 February 2020.

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Funding Program Options

Traders have two options for funding programs with Lux Trading Firm:

1. Two-step evaluation program
2. One-step evaluation program

Two-Step Evaluation Program Accounts

Designed to recognize and reward consistent, talented traders, the two-step evaluation program offers up to 1:10 leverage.

• Phase One (Evaluation Stage): Requires a 6% profit target while adhering to 5% maximum loss rules. No time limitations on reaching the target, but a minimum of 29 calendar days (15 for swing traders) of trading is required to advance to phase two. Completion of this phase also allows for a 50% refund of the initial one-time fee.
• Phase Two (Advanced Stage): Requires a 4% profit target, again following 5% maximum loss rules. As in phase one, no time constraints are applied, and successful completion results in a second 50% refund of the initial fee.

Successful completion of both stages leads to a live funded (Professional) account with no profit target restrictions. All profits are split 75%, and payouts are made monthly.

Two-Step Evaluation Program Account Scaling Plan

The scaling plan requires a 10% profit target to grow the account up to $10,000,000.

$25k, $50k, $100k, $200k Evaluation account scaling plans:

$25k Evaluation account scaling plan

$50k Evaluation account scaling plan

$100k Evaluation account scaling plan

$200k Evaluation account scaling plan

The trading instruments available include forex pairs, commodities, indices, bonds, and shares.

Two-Step Evaluation Program Account Rules

• Profit Target: 6% in the evaluation stage, 4% in the Advanced stage. Funded accounts have no profit targets.
• Maximum Loss: 5% for all account sizes (4% once funded).
• Minimum Trading Days: 29 in the evaluation stage (15 for swing traders), none in the Advanced stage.
• Stop-Loss Required: Must be set for each position.
• Third-Party EA Risk & Copy Trading Risk: Potential denial of a funded account/withdrawal if exceeding the maximum capital allocation rule.
• Only One Segment of Trading: Accounts must focus on one segment, such as forex, commodities, or indices.

Lux Trading Firm's structure encourages traders to achieve success, offering substantial rewards for consistent and skillful trading. The firm's limitations, such as leverage restrictions and trading segment confinement, are counterbalanced by the opportunity for massive scaling and an impressive profit-sharing ratio. Overall, Lux Trading Firm presents a lucrative platform for dedicated traders.

One-step evaluation program account

The one-step evaluation program account at Lux Trading Firm is designed to single out steady and disciplined traders, rewarding them for maintaining consistency during a singular evaluation period. The account allocated for this evaluation process is set at $1,000,000 and permits trading with a leverage of 1:10.

Under this program, traders are tasked with achieving a 15% profit target without exceeding a 5% loss limitation. There are no restrictions on the time frame to meet this goal. During this Evaluation phase, the profit goal must be met without any constraints on time, though a minimum trading duration of 29 calendar days (or 15 calendar days for swing traders) is stipulated before moving to the next phase. Success in this stage results in obtaining a live-funded trading account.

Upon completion of the one-step evaluation challenge, a funded account is granted with a 10% profit target, adhering to a 4% maximum loss regulation. The first profit division is 75%, calculated on the 10% profit achieved in the unrestricted trading span on the funded account.

One-step evaluation program account growth plan

The one-step evaluation initiative also outlines a growth scheme. A profit target of 10% is set as the threshold to elevate the account to subsequent growth stages, capping at a maximum capital of $10,000,000.

$1M One-step evaluation account growth plan

The available trading instruments encompass forex pairs, commodities, indices, bonds, and shares.

One-step evaluation initiative account rules

Profit Target: A set percentage of profit that must be reached to finish the evaluation phase, withdraw earnings, or scale the account. Evaluation stage target is 15%, with funded accounts having a 10% target.Maximum Loss: An overarching loss limit before account violation, with all account sizes constrained to a 5% loss (4% after funding).Minimum Trading Days: A required trading span before an evaluation phase can be completed or a withdrawal requested, standing at 29 days minimum (15 for swing traders).Stop-Loss Requirement: An obligatory stop-loss setting on every trade before initiation.Third-Party EA Risk: Utilizing a third-party EA may lead to risks, including using identical strategies as other traders, possibly resulting in denial of funded accounts or withdrawals if capital allocation rules are breached.Third-Party Copy Trading Risk: Utilizing third-party copy trading services can lead to similar risks as using a third-party EA.Segment Limitation: Trading is restricted to one segment such as forex, commodities, or indices, not all account segments.

What sets Lux Trading Firm apart from competitors?

Lux Trading Firm distinguishes itself from predominant prop firms by offering dual funding programs: a specialized two-step evaluation and a $1 million single-step funding initiative, besides granting actual funded accounts.

Comparison between Lux Trading Firm & My Forex Funds

Comparison between Lux Trading Firm & FundedNext

Comparison between Lux Trading Firm & E8 Funding

Contrary to other prop firms, the one-step evaluation initiative at Lux Trading Firm consists of a singular evaluation phase, requiring traders to successfully complete it for payout eligibility. The profit target is set at 15% during the evaluation, with a 5% loss constraint, and a minimum trading requirement of 29 days (or 15 for swing traders). This one-step program also includes a scaling structure. Relative to leading industry prop firms, they offer a considerable profit target without confining the trading period.

To conclude, Lux Trading Firm varies from other leading prop firms by presenting two diverse funding programs and extending real live funded accounts to their traders. They also waive maximum trading period restrictions for both Evaluation and Advanced stages.

Is it feasible to get capital from Lux Trading Firm?

In evaluating prop firms that align well with your particular forex trading approach, assessing the attainability of the trading criteria is crucial. For instance, an organization promising a substantial percentage in profit sharing on a generously funded account may seem appealing, but if they demand steep percentage gains monthly coupled with meager percentage drawdown limits, the likelihood of succeeding dwindles to nearly nothing.

Obtaining capital through two-step evaluation processes is largely practical, primarily owing to the moderate profit goals set (6% in the initial phase and 5% in the subsequent phase), even though there is a cap of 5% on total potential losses. Furthermore, the absence of any constraints on the trading duration allows you the flexibility to incrementally build up profits without being pressured to hasten the progression.

Securing capital via one-step evaluation processes is equally achievable, mainly due to the slightly above median profit expectation of 15%, even though the ceiling on cumulative losses remains at 5%. Moreover, the lack of any time bounds implies that you have the latitude to gradually accumulate gains without an imposed urgency.

Taking all of these factors into consideration, Lux Trading Firm emerges as a prime candidate for funding, providing two diverse financing options that include attainable trading goals and feasible conditions for earning payouts.

Evidence of payment

Lux Trading Firm, a reputable proprietary trading firm, was established on January 27, 2021. There are publicly available testimonials of payment confirmation on Trustpilot as seen below:

A video showcasing payment evidence can also be viewed, wherein Lux Trading Firm interviews Brandon. At the 2:25-minute mark in the footage, he attests to receiving his share of the profits within a two-day timeframe.

An additional interview can be found below with a trader who managed to withdraw over $45,000!

Lux Trading Firm furnishes its traders with authentic/live accounts. For verification, click here.

What broker is associated with Lux Trading Firm?

Lux Trading Firm collaborates with After Prime as its brokerage partner, a team enthused about the forthcoming evolution of financial markets, trading technology, and the collaborative path with their clientele.

Possessing an adept crew comprising operational engineers, quantitative analysts, and developers, they labor diligently behind the scenes to avail global markets at unparalleled velocity and minimal expense. Their primary objective is to democratize markets and furnish cutting-edge technology to traders across the globe. After Prime’s futuristic vision emphasizes ushering a revolutionary phase of decentralized financial services and marketplaces.

After Prime adheres to a core set of values that guide their operations:

1. Client-Centric Approach
2. Operational Excellence
3. Collaboration
4. Ownership

They extend three trading platforms on which traders can execute transactions via MetaTrader 4

Trading Instruments

A large variety of trading instruments are offered to its users. You can trade with forex pairs, commodities, indices, bonds, and shares.

Trading fees

Trading commission:

Spread:

To have a look and see the live spreads, use these login details to access the trading account below:

Platform: MetaTrader 4

Server: GlobalPrime-Demo

Login Number: 2426497

Password: zf1igJX

‍Download Platform: Click here

Learning & Assistance for Traders

Lux Trading Firm offers instructional resources on its website, found under the section labeled Trader Tools, which can also be accessed on their website.

Although Lux Trading Firm does not maintain an independent thread on ForexFactory, references to them are frequent in another thread entitled "PROP FIRM HUB," created by a user with the username Masterrmind.

To view the specific thread, click here.

Lux Trading Firm extends a complimentary trial opportunity to its community, enabling participants to acquaint themselves with the platform's interface and trading regulations, and to gain firsthand experience of trading under Lux Trading Firm's auspices.

They offer a contemporary dashboard to facilitate monitoring your trading development. An illustrative example of the dashboard is provided above.

Observations from Traders about Lux Trading Firm

Lux Trading Firm enjoys favorable acclaim from their user reviews.

On Trustpilot, an array of community members have expressed positive sentiments, resulting in an impressive rating of 4.5/5 based on 398 evaluations. Additionally, they possess a responsive and dependable support system that furnishes all requisite information as needed.

The majority of community members have expressed satisfaction with the dashboard's design and the comprehensive data provided therein. The convenience it brings by automatically computing the maximal relative drawdowns is particularly appreciated.

They are also commended for their educational content and well-defined rules and guidelines that effectively steer customers to enhance their risk management strategies.

Social Media Presence

Lux Trading Firm maintains a visible profile across various social media platforms:

Facebook page with 3.3k followers

‍Twitter handle with 243 followers

‍YouTube channel with 1.97k subscribers and 83 videos

‍Instagram account with 2,067 followers

Customer Service

Lux Trading Firm provides an FAQ section that may address any outstanding queries you have.

Their support staff can be reached via social media or directly at their email address info@luxtradingfirm.com.

Active live chat support is available around the clock.

For additional inquiries, Lux Trading Firm can be contacted by phone at +44 20 7193 9534.

Final Thoughts

To sum up, Lux Trading Firm stands as a credible proprietary trading entity offering two distinct funding alternatives: a specialized two-step assessment and a $1 million single-step funding initiative.

The two-step evaluation process comprises a distinctive bi-phase challenge necessitating completion of both stages prior to obtaining funding and qualifying for profit-sharing. Traders must attain profit margins of 6% in the first phase and 4% in the subsequent phase, with a 5% cap on losses. This balanced approach enables 75% profit sharing and potential scaling up to $10,000,000.

Conversely, the single-step assessment entails a one-phase challenge with a 15% profit target and a 5% loss limit. This method also allows 75% profit sharing and scaling possibilities up to $10,000,000.

Lux Trading Firm is best suited for veteran traders who possess solid trading and risk management techniques. With clear rules, no temporal restrictions, and elevated minimum trading day prerequisites, Lux Trading Firm aims to engage with consistently performing traders. Their comprehensive offerings make them an appealing option for anyone with a robust trading approach, seeking gradual, consistent profit accumulation.

The evaluation of Lux Trading Firm was last revised on 02.06.2023 at 11:25 (CE(S)T).

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