FTUK vs Lux Trading Firm

Incorporation 🏁
FTUK
December 2021
Lux Trading Firm
January 2021
Pros ✅
FTUK
- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating. - Supportive team allowing weekend/overnight positions and news trading. - Zero commission on various assets, no swap charges, and swift payouts. - 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
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 ❌
FTUK
- Starting leverage of 1:10 - 2% Max stop loss risk limit - Lot size consistency rule
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 📋
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, 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
Deposit 🏧
FTUK
Crypto, Credit/debit cards
Lux Trading Firm
Bank Wire Transfer, Crypto, Credit/debit cards
Withdrawal 💰
FTUK
Bank Wire Transfer, Crypto, Deel
Lux Trading Firm
Bank Wire Transfer, Crypto
Account Size 🪙
FTUK
"$14,000 USD", "$40,000 USD", "$60,000 USD", "$90,000 USD"
Lux Trading Firm
"$1,000,000 USD", "$100,000 USD", "$200,000 USD", "$25,000 USD", "$50,000 USD"
Instruments 📈
FTUK
Commodities, Forex, Indices, Metals
Lux Trading Firm
Commodities, Crypto, Forex, Indices, Stocks
Currencies 💱
FTUK
EUR, GBP, USD
Lux Trading Firm
USD

FTUK vs. Lux Trading Firm: A Comparative Review for Retail Traders

Proprietary trading firms have become a cornerstone for traders looking to gain capital without significant personal risk. FTUK and Lux Trading Firm are two notable entities in this domain, each with its unique offerings. Our review aims to put these prop firms under scrutiny—highlighting what makes each stand out, as well as the restrictions that traders should be aware of.

Funding and Profit Sharing

FTUK offers a seemingly attractive package with instant funding, which avoids the prolonged evaluation phase that many trading firms require. This instant access combined with an impressive 80% profit share makes it a noteworthy option for traders who are confident in their strategy and wish to scale quickly. While the Lux Trading Firm may not offer instant funding, it does provide a free trial, which is an excellent opportunity for traders to get a sense of the environment without any financial commitment. In terms of profit sharing, Lux offers a slightly lower percentage at 75% but compensates with the potential to scale accounts up to a whopping $10 million, surpassing FTUK's cap.

Trading Conditions and Support

FTUK is rather trader-friendly when it comes to market conditions, permitting weekend and overnight positions as well as news trading—a boon for those who engage in event-driven strategies. Lux also allows weekend holding, but its support shines with prompt email assistance, which can be crucial in time-sensitive trading scenarios.

Fees and Commissions

Traders at FTUK can revel in the absence of commission on select assets, no swap charges, and enjoy swift payouts, enhancing their trading experience and profitability. Lux does not explicitly advertise zero commissions, but the lack of a deadline for achieving profit targets means that traders can operate without the stress of a ticking clock, ultimately benefiting their trading decisions and management.

Leverage and Risk Management

Leverage is a crucial element for traders, and here is where the firms diverge significantly. FTUK starts off with a modest 1:10 leverage, which may be a turn-off for high-risk traders, but it could also be seen as a prudent risk management feature. Conversely, Lux Trading Firm offers more conservative leverage options at 1:1, 1:5, and 1:10, possibly appealing to those with a risk-averse approach to their trading.

Trading Rules and Restrictions

FTUK imposes a set of rules including lot size consistency and a 2% max stop loss risk limit, potentially restricting aggressive trading strategies but also ensuring sustainable trading habits. Lux, too, enforces a relative drawdown and loss limit capped at 4%, along with stringent minimum trading day requirements, which may hinder the flexibility some traders desire.

Financial Transactions

Deposit and withdrawal methods are integral to the user experience. FTUK and Lux both offer a variety of deposit methods including crypto and credit/debit cards, with FTUK additionally accepting Deel for withdrawals. The broader range of withdrawal options for FTUK could provide a slight edge over Lux, which sticks to bank wire and crypto.

Account Offerings and Trading Instruments

Both firms provide a range of account sizes, with FTUK presenting a more diversified lineup which can accommodate different levels of traders' needs and preferences. In terms of trading instruments, FTUK focuses on the traditional markets, such as commodities, forex, indices, and metals, while Lux incorporates an expanded array by including crypto and stocks—granting a more extensive choice for traders looking to diversify or specialize.

Currencies and Incorporation

Operating account currencies can be a deciding factor for international traders. FTUK supports EUR, GBP, and USD, catering to a broader market, whereas Lux operates solely with USD, which could potentially limit its appeal to traders operating with other base currencies. In terms of establishment, both firms are relatively new, with Lux having a slight edge in market experience stemming from a slightly earlier incorporation date.

Conclusion

Both FTUK and Lux Trading Firm stand out as progressive proprietary trading options for retail traders. FTUK's zero-commission stance, high profit share, and swift payouts are excellent for those seeking immediate funding and efficient trading. On the other hand, Lux Trading Firm offers an enticing scaling opportunity, a stress-free approach towards profit targets, and potentially better support mechanisms. Ultimately, traders must weigh their personal strategies, risk tolerance, and needs against the unique offerings and restrictions presented by each firm to make an informed decision.