- Three funding programs with up to 1:400 leverage
- Exceptional 4.3/5 Trustpilot; 95% profit split
- Unlimited free evaluation and redeposit for negative balances
- Overnight, weekend, and news trading; EA's/bots allowed
- Scaling option up to $3,200,000 (aggressive instant funding)
- Diverse trading tools: forex, commodities, indices, and cryptocurrencies.
Lux Trading Firm
- Free Trial available
- Impressive Trustpilot rating of 4.5/5
- Opportunity to scale up to 10 million USD
- Prompt email support
- No deadline on achieving profit targets
- Permission to hold over the weekend
- 75% profit share
Cons ❌
Finotive Funding
- 25% reduced profit split if RTP is violated after being funded
- No free trial
Lux Trading Firm
- Restriction of 4% on maximum relative drawdown and loss limit
- Limited leverage of 1:1, 1:5, and 1:10
- Stringent minimum trading day requirements
- Confined to a single trading segment
Rules 📋
Finotive Funding
Maximum Daily Loss, Maximum Loss, No Gambling Mentality, Profit Target, Third Party Copy Trading Risk
Lux Trading Firm
Maximum Loss, Minimum Trading Days, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Comparison of Proprietary Trading Firms: Finotive Funding and Lux Trading Firm
Proprietary trading firms offer unique opportunities for retail traders to manage significant capital and earn a share of the profits they generate. Finotive Funding and Lux Trading Firm are two key players in this market. Let's dive into a head-to-head comparison to see which firm may be best suited for your trading style and objectives.
Funding Programs and Leverage
Finotive Funding shines with its three funding programs and an impressive maximum leverage of up to 1:400. This allows for significant market exposure and can amplify potential profits. Lux Trading Firm, on the other hand, offers a more conservative leverage range, topping at 1:10. For aggressive traders aiming for high leverage, Finotive is the clear winner. However, conservative traders may prefer Lux’s less risky leverage options.
Profit Share and Scaling Opportunities
A 95% profit split with Finotive Funding is incredibly attractive and considerably higher than the industry average. Furthermore, the scaling option up to an aggressive $3.2 million in funding underscores a robust growth path for successful traders. Lux Trading Firm offers a 75% share, which is still decent, but the potential to scale up to $10 million can be a game changer for traders with a long-term growth plan.
Support and Trading Conditions
Both firms boast excellent Trustpilot ratings, which indicates strong customer satisfaction. However, Lux Trading Firm has an edge with its prompt email support and the availability of a free trial that allows traders to test the waters before committing funds. In terms of trading conditions, Finotive Funding has a more liberal approach, allowing for overnight, weekend, and news trading, and accommodating the use of EAs/bots.
Profit Split and Trading Restrictions
A significant concern with Finotive Funding is the reduced profit split if their Real Trader Percentage (RTP) is violated after funding is provided. This can potentially discourage risk-taking and innovation in trading strategies. Lux Trading's profitability is only slightly less but comes without such punitive provisions. The 4% relative drawdown restriction at Lux, however, is a stringent rule that some traders might find too limiting.
Deposit and Withdrawal Options
Having various deposit and withdrawal methods is a key convenience for traders globally. Both firms accept credit/debit cards and crypto, but Finotive Funding's withdrawal options are more restricted compared to Lux Trading Firm. The availability of different processes can make a big difference for traders considering the ease of moving funds.
Account Sizes and Instruments
With a broader range of account sizes, Finotive Funding ensures that traders with different capital requirements can find suitable options. Both firms provide a diverse selection of trading instruments. However, Lux is the only one offering exposure to stocks, which could be an essential factor for traders seeking to diversify further.
Regulatory Environment and Company Longevity
While Finotive Funding was incorporated a few months later than Lux Trading Firm, the difference is not significant enough to judge the longevity and stability of either firm. What matters more are the trading conditions and growth opportunities they offer.
Conclusion
Retail traders and potential users seeking a prop firm must consider their trading style, risk tolerance, and growth ambitions when choosing a firm. Finotive Funding stands out for those looking for high leverage, an aggressive profit split, and fewer trading restrictions. Lux Trading Firm may appeal more to traders looking for the opportunity to test the waters with a free trial, a path to managing significant funds, and the possibility of trading stocks.
Ultimately, the decision should be based on which firm aligns best with your individual trading strategy and financial goals. Both Finotive Funding and Lux Trading Firm have unique advantages, and assessing them critically will guide you in selecting the right partner for your trading journey.
