- Capital allocation up to $800,000 with 75% to 95% profit share.
- Flexible leverage up to 1:100 and diverse trading instruments.
- Two unique funding programs and time-unlimited evaluation.
- Realistic profit goals (8% & 5%) with overnight/weekend trading.
- News trading allowed with an efficiently designed user interface.
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 ❌
Goat Funded Trader
- Newer prop firm
- Limited community feedback
- Absence of a scaling plan
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 📋
Goat Funded Trader
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Lux Trading Firm
Maximum Loss, Minimum Trading Days, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
When looking into proprietary trading firms for retail traders, two firms that stand out are Goat Funded Trader and Lux Trading Firm. Both have their unique advantages which can cater to different trader profiles, depending on their needs and trading styles.
Capital Allocation & Profit Share
Goat Funded Trader, although a recent player in the market, being incorporated in May 2023, offers an enticing capital allocation of up to $800,000, which is quite generous. Their profit share ranges from 75% to a notable 95%, presenting a significant opportunity for profitable traders. In comparison, Lux Trading Firm allows for a scale-up to a staggering $10 million, which can be a huge draw for traders looking to go big. However, their profit share remains fixed at 75%.
Trading Conditions & Instruments
Goat Funded Trader provides a higher degree of flexibility with leverage up to 1:100 and offers a wide array of trading instruments including commodities, crypto, forex, indices, metals, and stocks. This diversity allows traders to spread their risks across various markets. Conversely, Lux Trading Firm provides a more conservative leverage capped at 1:10 but also facilitates a broad spectrum of trading instruments. The lower leverage may appeal to risk-averse traders who prefer to maintain a strict control over their risk exposure.
Trading Programs & Support
A notable feature of Goat Funded Trader is their two unique funding programs with time-unlimited evaluation and realistic profit goals of 8% and 5%, which can be refreshing for traders tired of near-impossible targets. They also permit overnight and weekend trading, as well as trading through news events. Lux Trading Firm strikes back with a Trustpilot rating of 4.5/5, suggesting a high level of trader satisfaction. They also boast prompt email support, which can be pivotal for traders requiring quick assistance.
User Interface & Trials
Goat Funded Trader shines with an efficiently designed user interface, reducing friction for traders who need to focus on market analysis and execution, whereas Lux Trading Firm provides a free trial, enabling traders to test their trading strategies and get a feel for the firm's approach without risking real capital.
Firm Rules & Requirements
Goat Funded Trader implements rules including maximum daily loss and trading days, though their requirements seem fair and attainable, catering to serious traders. Lux Trading Firm also has its set of rules, including stop loss requirements and minimum trading days. However, they have a stringent 4% restriction on maximum relative drawdown, which could be a limiting factor for some trading styles.
Deposit & Withdrawal Options
Both firms offer modern deposit methods through credit/debit cards and crypto, which speaks to their efforts to cater to a global and tech-savvy trading audience. Lux Trading Firm also accepts bank wire transfers. For withdrawals, Goat Funded Trader utilizes Deel, which may not be as widely known as Lux Trading Firm’s more traditional bank wire and crypto withdrawal methods.
Account Sizes & Currency Options
Account size options show the flexibility of Goat Funded Trader, offering accounts ranging from $8,000 to $200,000. Lux Trading Firm remains less specific in public information offerings, mentioned only in USD, which might require prospective traders to inquire further. Both firms conduct their accounts in USD, aligning with the standard in forex and international trade markets.
Conclusion
In conclusion, both Goat Funded Trader and Lux Trading Firm stand as formidable options for retail traders seeking to join a prop firm. Goat Funded Trader’s higher leverage, capital allocation, flexible programs, and comprehensive trading instruments make it a strong contender for aggressive growth-focused traders. In contrast, Lux Trading Firm with its impressive reputation, opportunity for massive scaling, and trader-friendly policies, including holding positions over the weekend and no profit target deadline, will appeal to traders looking for a stable platform for long-term growth. Ultimately, the decision will come down to a trader's individual risk tolerance, trading strategy, and growth aspirations. Retail traders and potential users should carefully consider these factors when choosing the firm that best suits their trading goals.
