The purpose of this review is to describe all that Lux Trading Firm has to offer as a prop firm for traders with funding. This firm was registered in February 2020 and has two offices: one in Slovakia and one in London. The London office opened in January 2021. They have a variety of account kinds, and we have a discount coupon that you may discover below.
Company Overview
| 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 |
How Does This Prop Firm Work?
The financed trading accounts offered by Lux Trading Firm are contingent upon passing an evaluation. You have the option to begin with a $5,000, $10,000, or $15,000 account, all of which can be scaled to $2,500,000 at varying rates. The trader must follow their guidelines during their one-phase review to pass.
You have a 6% profit target to hit and a maximum loss of 4% of the amount of your account throughout the evaluation phase. The majority of your leverage is 10:1, and you will get your evaluation cost back if you pass. You receive a 75/25 profit split on your Advanced account as soon as your account is funded.
Here, the guidelines slightly alter since scaling to the next level now requires you to meet a 10% profit target. Up to the last stage of the maximum account size, your maximum loss remains at 4%. Once you reach a $500,000 funded account, your profit share does alter to merely 50% for the trader.
It is important to note that the scale options do vary slightly based on the evaluation you purchase. You have seven phases to go from your initial funds to $2,500,000 using the $5,000 account. On the other hand, you can obtain maximum financing in just five steps with the $15,000 account.
Lux Trading Firm Trading Platform
The broker for Lux Trading Firm is Global Prime. This Australian-based financial services company was established in 2010. The management group has over 80 years of combined experience in connected areas of financial trading.
The business fosters an atmosphere that is advantageous to a trader’s success. The advantages of institutional trading are available to individual traders.
Three trading platforms are available from Lux Trading Firm:
- MetaTrader 4: Additionally, MetaTrader 4, a well-liked trading platform, is provided by Lux Trading Firm. It has backtesting capabilities, automated methods, real-time market data and news feeds, and sophisticated technical analysis tools.
- TradingView: Another trading platform that Lux Trading Firm provides is called TradingView. It gives traders access to robust charting software that aids in market analysis and strategy development. Additionally, the platform provides several tools for automated trading, backtesting, and order flow analysis.
- Trader Evolution: Lux Trading Firm’s primary trading platform is called TraderEvolution. It gives traders a full suite of tools to enhance risk management and trading strategy optimization. The platform has a sophisticated charting package, live data feeds, order types that may be customized, automated strategies, backtesting tools, and more.
Pros and Cons
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Lux Trading Firm Leverage
The prop firm’s leverage is contingent upon the symbol you are trading. The list of leverage is shown below by symbol:
- Forex: 1:10 to 1:30
- Indices: 1:5 to 1:10
- Commodities: 1:5 to 1:10
- Metals: 1:5 to 1:10
- Stocks: 1:5
- Crypto: 1:5
Lux Trading Firm Account Types
This firm provides 4 account types:
$25,000 Evaluation
Traders can open an account with this account for as little as £149, and they will receive a 50% return after Stage 1 and another 50% after Stage 2. Access to all services, including automated trading techniques and backtesting capabilities, is available through the Evaluation Account.
With this kind of account, traders can increase their balance in nine steps, from $25,000 to $10,000,000. For traders who are just starting and want to take the time to hone their skills, this is the perfect platform.
$50,000 Evaluation
The £299 minimum deposit for the $50,000 Evaluation Account grants access to all the same features as the $25,000 Evaluation Account. But traders can also get a 50% refund after Stage 1 and an additional 50% after Stage 2 using this account.
In just eight steps, traders may develop their $50,000 Evaluation Account to a $10,000,000 account with a £299 deposit. For individuals who are serious about trading and wish to utilize the information and tools offered by Lux Trading Firm, this is the perfect platform.
$100,000 Evaluation
The most extensive account type that Lux Trading Firm offers is the $100,000 Evaluation Account. It has access to all the features of the other accounts and demands a minimum deposit of £449.
In just seven steps, traders may increase their account balance from $100,000 to $10,000,000 with this account. If you are serious about trading and want to take your time developing your methods, this is a great account option.
Additionally, this account gives traders a 50% refund following Stage 1 and an additional 50% return following Stage 2. It implies that traders get more money back as they achieve greater performance levels. Traders can use this account to show that they are profitable and that they know how to safely manage risk.
$200,000 Evaluation
The most extensive account type that Lux Trading Firm offers is the $200,000 Evaluation Account. It offers access to all the features included in the other accounts and has a £599 minimum deposit.
Traders can increase their accounts using this account from $200,000 to $10,000,000 in just six steps. For traders who want to take their time honing their techniques and are wanting to pursue a long-term career in trading, this is an excellent account.
Additionally, this account gives traders a 50% refund following Stage 1 and an additional 50% return following Stage 2. Additionally, this account gives traders access to sophisticated analytics that can aid in their long-term success, such as comprehensive risk management and position sizing tools.
The ability for forex traders to test out trading accounts before committing to long-term commitments is the best feature of all of them.
Alternative To Lux Trading Firm
| Prop Firm Details | Lux Trading Firm | The Funded Trader | FundedNext |
| Year Founded | 2020 | 2021 | 2022 |
| Offices Location | London, UK | Miami, Florida, USA | Ajman, UAE |
| Maximum Balance | $10,000,000 | $1,500,000 | $4,000,000 |
| Keep First Profits | Challenge Fee | No | Registration Fee + 15% Evaluation Profits |
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Final Thoughts
All things considered, Lux Trading Firm offers a full range of tools and services to support traders in achieving their trading objectives. This platform for prop trading provides one-on-one mentoring sessions with seasoned traders, access to expert analysis tools, and unique training content. The site offers something for every level of trader, regardless of expertise.
