Lux Trading Firm Review: Experience, Cons & Pros

Lux Trading Firm is a prop firm offering seed funding up to $150,000 and an aggressive scaling program up to $2,500,000, with profit sharing up to 65%.

Lux Trading Firm

Visit Now

Lux Trading Firm Rating: 9,6

Lux Trading Firm Features:

  • Financing of up to $2,500,000 million
  • 65% profit sharing
  • Excellent reputation and references
  • No limit on lucrative targets

Lux Trading Firm Review

Lux Trading Firm Review

Lux Trading Firm is a prop firm based in London, UK. It offers 3 different starting amounts of funding, ranging from $50,000 to $150,000. They are priced between £199 and £399, which is quite competitive in the market.

What is Lux Trading Firm

What is Lux Trading Firm

Visit Now

Lux trading firm helps and encourage their traders to succeed in their careers.

The company was created to bring together people with a high level of experience to discover trading and investment opportunities. It is a well-capitalized firm that prioritizes the execution of its traders’ strategies, analysis, and growth.

The company gives you the opportunity to earn more profits by trading in accounts with balances up to $10,000,000+. With the help of a completed evaluation process, you will receive funding. You will then have certain profit goals that you must achieve in order to increase your account balance. Once you successfully complete the process, you are rewarded with 65% of your profits and a doubling of your account balance.

Lux Trading Firm Review

Lux Trading Firm Features

In this article, we look at Lux Trading Firm, a London-based prop firm with a very high rating, offering financing up to $2,500,000. That’s pretty good, right?

Lux Trading Firm is a prop firm offering huge capital for forex traders who can pass a trading challenge! They have a UK office in London and an office in Slovakia.

Lux Trading Firm offers 3 different starting amounts of funding, from $50,000 to $150,000. They are priced from £199 to £399, which is pretty competitive in the market.

When you buy one of the funded accounts, you are given a small demo account in which you will need to complete a task with trading targets of 6% growth, with a maximum drawdown of 4%. You will have as much time as you need to complete it. You can then switch to a real, smaller account, and then to a real, full-sized account once the challenge is passed.

Lux Trading Firm Features and Highlights

💼 HQ London, UK. Bratislava, Slovakia
🗓️ Registered 2021
💸 Account Currencies USD
⚖️ Leverage 1:100
📊 Trading platform Trader Evolution, TradingView, Meta Trader 4
📈 Tradable instruments
Commodities, Crypto, Forex, Indices, Stocks
📋 Brokers Global Prime
💳 Deposit Methods Bank Wire Transfer, Coinbase, Master Card, Visa
💰 Withdrawal Methods
Bank Wire Transfer, Coinbase

Lux Trading Firm Trustpilot Reviews

Lux Trading Firm Trust Pilot

Top benefits in user’s opinion:

  • No time limit and fast scaling on evaluations.
  • Rules and the steps to get to bigger account values are clear.
  • Fast and personable support.

Lux Trading Firm Trust Pilot Reviews

Bad benefits in user’s opinion:

  • The price is not competitive.

Lux Trading Firm Funding Program Options

What is Lux Trading Programs

Visit Now

Lux Trading Firm offers 3 different sized valuation accounts – $5,000, $10,000, and $15,000, which they can increase after successfully achieving certain profit goals. The accounts differ only in the lump sum amount and the number of growth steps you would need to go through to get a $10,000,000+ account. The account is funded in U.S. dollars.

Account prices:

  1. $5,000 Estimated Account £299
  2. $10,000 Estimated account £399
  3. $15,000 Estimated Account £499

The company offers 10:1 leverage for Forex and metals. For indices, commodities, and bonds it is 5:1. On stocks, it’s 1:1.

The evaluation process consists of 1 phase with a target return of 6%. The minimum number of trading days for Evaluation and Advanced accounts is 29 trading days with a 6% profit target and 49 trading days with a 10% profit target for Professional accounts.

The exception is for swing traders for whom the minimum number of days for Evaluation and Advanced account phases is 15 trading days and 25 days for Professional account phases.

Profit allocation is 65%. The maximum loss limit and relative drawdown in their maximum should be – 4%. You are allowed to trade Forex pairs, metals, indices, commodities, bonds, and stocks.

Lux Trading Firm allows its traders to trade on the Trader Evolution, TradingView, or MT4 platform. They also allow overnight and weekend trading, so if you prefer these types of trading, this will be a significant bonus for you.

📈 Funded Trader Program 📊 Tradable Assets 🔍 Review
TSTrader Futures Read review
Ninja Trader Futures, Forex, CFD, and Stock Markets Read review
Audacity Capital Commodities, Crypto, Forex, Indices Read review

What is Lux Career Scaling Plan?

Every time a trader makes a 10% profit on professional traders’ accounts, the company will move your account to the next level until you reach $2,500,000.

There is no time limit for reaching the profit target at any level.

$5k Scaling Plan

Growth stages Account Size Profit Target Max loss Profit Split
Evaluation (Demo) Account
5 000
300
200
Fee Refund
Advanced (Live) Account
5 000
300
200
65%
Professional (Live) Account
50 000
5 000
2 000 65%
Professional (Live) Account
100 000
10 000
4 000 65%
Professional (Live) Account
200 000
20 000
8 000
65%
Professional (Live) Account
500 000
50 000
20 000
65%
Professional (Live) Account
1 000,000
100 000
40 000
65%
Expert (Live) Account
2 500 000
 
100 000
65%
Fund Manager (Live) Account
10 000 000+

$10k Scaling Plan

Growth stages Account Size Profit Target Max loss Profit Split
Evaluation (Demo) Account
10 000
600
400
Fee Refund
Advanced (Live) Account
10 000
600
400
65%
Professional (Live) Account
100 000
10 000
4 000
65%
Professional (Live) Account
200 000
20 000
8 000
65%
Professional (Live) Account
500 000
50 000
20 000
65%
Professional (Live) Account
1 000 000
100 000
40 000
65%
Expert (Live) Account
2 500 000
 
100 000
65%
Fund Manager (Live) Account
10 000 000+

$15k Scaling Plan

Growth stages Account Size Profit Target Max loss Profit Split
Evaluation (Demo) Account
15 000
900
600
Fee Refund
Advanced (Live) Account
15 000
900
600
65%
Professional (Live) Account
150 000
15 000
6 000
65%
Professional (Live) Account
500 000
50 000
20 000
65%
Professional (Live) Account
1 000 000
100 000
40 000
65%
Expert (Live) Account
2 500 000
 
100 000
65%
Fund Manager (Live) Account
10 000 000+

Lux Trading Firm’s Broker and Trading Platforms

Lux Trading Firm uses Global Prime as its broker. This financial services provider was founded in 2010 in Australia. The management team has more than 80 years of combined experience in financial trading in related markets.

The company creates an environment conducive to a trader’s success. For individual traders, the benefits of institutional trading are provided.

Lux Trading Firm offering 3 trading platforms:

  1. MetaTrader 4.
  2. TradingView.
  3. Trader Evolution.

Lux Trading Firm

Education and coaching plan

The company offers a number of different educational services and support for traders, which is a definite plus for novice traders. Lux Trading has a new platform called Trading Central. It is an award-winning platform for analysis and research.

Lux Trading Firm Education Platform

Visit Now

The company also has a partnership with ForexSignals.com to provide forex training and mentoring to people who want to take advantage of the extra trading capital offered.

Lux Trading members can get a 7-day free trial of the service, followed by a discounted membership – use code LUX for an extra 10% off.

  • Learn from traders with over 50+ years of experience.
  • Join their Trading Room and chat daily with mentors and a large trading community.
  • Get daily market updates and commentary via live streams.
  • Share your trade ideas and get specific feedback.
  • Access hundreds of trade ideas per month.
  • Learn from over 300 fantastic video lessons.

Lux Trading Firm Benefits

Lux Trading Firm differs from most of the leading companies in the industry in that it has a one-step valuation process and real accounts.

Compared to other companies, Lux Trading Firm has low leverage of 10:1 to 1:1, a profit target of 6% in the evaluation and development phase, and a profit target of 10% in the professional phase. Compared to other firms that have a two-stage evaluation procedure, such as FTMO, this makes it less difficult to succeed.

The evaluation procedure takes 29 trading days and therefore potentially takes longer than other prop companies.

Lux Trading is a regulated asset management company that has received numerous awards. Most of the industry’s leading prop trading firms are not regulated at all and are not currently required to be, but it is nice to see a prop trading firm that has gone through the regulatory process. Lux only works with the regulated forex broker Global Prime, which has an excellent reputation for reliability and honesty in the trading industry.

There are two advantages over other branded companies:

  1. First, they do not offer demo accounts, but real/live versions as soon as you get funding.
  2. And second, you can choose from 1/3 different trading platforms to trade on. You can choose between MetaTrader 4, TradingView, and Trader Evolution.

Pros and Cons

Pros

  • Perfect reputation.
  • Weekend holding allowed.
  • Scaling up to $2 500 000.
  • 65% profit split.
  • No time limit on profit targets.

Cons

  • High initial fee.

Conclusion

When it comes to instant funding offers, LUX Trading Firm is the only Forex company that is able and willing to prove that funded traders actually trade with real money in real accounts. This is evidenced by their choice of broker (Global Prime) and trading platforms beyond the usual – and frankly substandard – MetaTrader platforms.

The scaling ladder at LUX Trading offers real career opportunities for both experienced traders and beginners motivated to reach the maximum account size of $2,500,000.

Advantages and disadvantages for traders from cooperation with pro-trading companies

Advantages Disadvantages
Ability to get start-up capital with a low entry threshold You will have to pay a security deposit
Free trading training is available You have to spend time and effort
Gaining access to the software You have to learn how to work with the software
Direct access to the exchange In case of a series of losing trades, the account will be automatically blocked at a certain stage
The help of tutors in trading guarantees a small but stable profit during the training, which will grow over time
Accelerated growth in the profession, gaining experience, and deposit size
Accelerated growth in the profession, gaining experience, and deposit size
No conflict of interest between the legally operating company and traders
It is easier to observe discipline and risk management in an organization
Company priority – algorithms for fast profits. If you have the appropriate specialization, then it’s a plus If you trade in the long term, you have less chance of cooperation. But this does not mean that there are none at all.

Benefits and disadvantages for prop companies

Pros Cons
Capitals are fully protected against risks The risk of not making a profit if the trader is unable to trade
In the long run, the passive profit is many times greater than the investment in the training of an employee Trader may turn out to be poorly trained and the cost of his training may not justify itself
Diversification of profits by attracting a large number of traders and applying different strategies
The widest range of opportunities and tools by attracting newcomers with different specializations
Independent development of software with the adaptation of functionality for their own needs High expenses for the development team
The ability to select from among the students particularly talented for further more serious development Material and moral costs of learning to trade
No conflicts between the interests of the company and traders due to transparent and legal business practices

What are the risks of proprietary traders?

Prop trading companies have their own clearly working system of risk management, beneficial for both parties:

  • there are limits on losses per trading session;
  • there is a daily volume limit for buying/selling assets;
  • there is no possibility of carrying over the trades to the next day.

Each transaction is monitored by a manager, who has the right to stop trading if the account amount is about to reach a critical point.

The increased risk of traders is related to the fact that only 10% of proprietary companies legally conduct their business. The rest are scammers hiding behind the name of proprietary trading. Most of all the frauds concern the contributions to the organization, paid training and software, participation in trading contests, transactions that do not enter the market.

What traders should pay attention to when choosing a proprietary trading company

Amount and terms of the insurance contribution. The deposit, increased with part of the organization’s capital, should provide an increase in the volume of transactions and at the same time not increase the risk of current drawdowns and not force yourself to limit the volume.

  • Conditions for Participation in Traders Contests. Legitimate pro companies hold such events using demo accounts, not real ones. In contests on real accounts, anyone who ends up without a prize runs the risk of not getting their deposited funds back. But even for the winner, there is no guarantee that he or she will get the money under management. You have to understand that market conditions of real trading are cardinally different from contest ones. In order to get into a reputable proprietary company, it is sufficient to prove by figures your trading qualifications. That is why they do not hold trading contests.
  • The organizations developed their own platforms. If from working with them there is a lot of inconvenience, slippage, non-market price jumps, or interrupted communication, then there is a high probability that in this particular company there are scammers, who will not allow withdrawing the profit and in general to trade in profit.
  • Paid training. A trader in a prop company is an employee and it is the employer’s obligation to educate him free of charge. Most often, Russian pro-trading companies train for money, and they do not even guarantee employment. Therefore, read the terms and conditions of cooperation carefully!

To become an employee of the organization you must have at least minimal trading experience because they are looking for traders who are ready to provide the employer with some proof of successful trading on real financial markets. Some proprietary trading companies offer a six-month course with no guarantee of employment. Not only your trading results will be considered, but also your personal qualities. Companies prioritize young people under 30 with no family, who can easily immerse themselves in intensive training for up to a year and a half.

FAQ

Do I get a refund of my enrollment fee?

Every new trader who signs up after 10-10-2021 that passes the Evaluation (Demo) Account stage will receive a 100% refund of their enrollment fee (excluding any reset fees).

Is copy trading allowed?

Lux Trading Firm prohibits duplicating trades and orders by using a copy trading service ‎offered by any one provider.

Lux Trading Firm allows traders with a self-developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company. It is prohibited to copy your trades to other than your own trading account(s).

Algorithms will recognize when trades are duplicated to different trading accounts and will close them automatically. All the parties involved will be expelled from the program and no refund or reset will be possible.

Is EA allowed?

The company allows EAs that are created by the trader (trader’s intellectual property). EAs developed by a third party are prohibited since this does not show the individual trading skills of the trader. If this EA is no longer available to the trader/public, for whatever reason, the trader will be unable to update, upgrade or make changes to it for the better.

Traders can use a third-party EA as a tool to support their strategy, but without using automatic trade execution.

What is the maximum loss limit, and what is a relative drawdown level?

  • The maximum drawdown level is 4% relative in stages 1 and 2 and from stage 3 and higher, it is a Hybrid model.
  • The Maximum allowed Relative Draw Down is the highest realized account balance minus 4% and is compared to equity and balance.‎
Kevin Doran

I have been trading forex since 2015. Over the past few years, I have tried and tested all the most popular Forex Brokers. I publish my reviews to help you choose a reliable broker and reduce your risks.

Rate author
proptradefirm.com