Lux Trader Funding Review for 2024
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Last Updated: January 5, 2023
Lux Trading Firm Review: Experience, Cons & Pros
Cost:
£299-£499
Instruments:
Forex and Commodities
Maximum Relative Drawdown:
4%
Profit Target:
6%
Days to Funding:
No time limit on profit targets
Package:
Trader Evolution, MT4, TradingView
Highlights:
One-time registration fee, no monthly-fees, three different levels to choose from
Lux Trading Firm is a prop company that offers seed funding up to $150,000 and aggressive scaling programs up to $2,500,000 with profit-sharing of up to 65%.
Lux Trading Firm Features:
- Financing up to $2,500,000 Million
- Profit-sharing at 65%
- Referrals and excellent reputation
- There are no limits to the potential for achieving lucrative goals
Lux Trading Firm is a London-based prop company. Three funding options are available, with starting amounts ranging from $5,000 to $15,000. These are very competitively priced at £299 and £499.
Lux Trading Evaluation Account Options
Start with $5,000 Evaluation Account
Highlights:
- 7 Stages to $2,500,000 Expert Account
- One time payment
- Refunded after stage 1
- 7-Day Free Trial Option
Price: £299.00
Start with $10,000 Evaluation Account
Highlights:
- 6 Stages to $2,500,000 Expert Account
- One time payment
- Refunded after stage 1
- 7-Day Free Trial Option
Price: £399.00
Start with $15,000 Evaluation Account
Highlights:
- 5 Stages to $2,500,000 Expert Account
- One time payment
- Refunded after stage 1
- 7-Day Free Trial Option
Price: £499.00
What is Lux Trading?
Lux Trading encourages and supports their traders to achieve their goals in their trading careers. This company was established to bring together individuals with high experience levels to find trading opportunities and investment opportunities. It is well-capitalized and prioritizes executing traders' strategies, analysis, growth.
You have the chance to make more profit by trading accounts that have balances of up to $10,000,000+. After completing an evaluation, you will be granted funding. To increase your account balance, you will be given profit goals to meet. You will be rewarded with 65% of the profits and a doubled account balance after you have completed the process.
This article will focus on Lux Trading Firm, a prop firm based in London that offers financing up to $2,000,000. This is quite impressive. Lux Trading Firm offers huge capital to forex traders who can pass a trading test! They have an office in Slovakia and a U.K. office.
Lux Trading Firm offers three different funding levels, ranging from $50,000 to $150,000. These are priced from £299 to £499, which is quite competitive. You will be given a demo account when you purchase one of the funds. This account will allow you to trade targets of 6% growth and a maximum drawdown limit of 4%. It will take you as long as it takes to complete the task. After the challenge is completed, you can switch to a smaller account and a larger one.
Lux Trading Firm Funding Program Options
Lux Trading Firm offers three different sizes of valuation accounts: $5,000, $10,000, or $15,000; they can be increased after achieving certain profit goals. Only the lump sum amount and growth steps required to obtain a $10,000,000+ account are different between the accounts. The account is funded with U.S. Dollars.
Lux Trading Firm Account prices:
- $5,000 Estimated Account £299
- 10,000 Estimated account £399
- $15,000 Estimated Account £499
For Forex and metals, the company offers 10 to 1 leverage. It is 5:1 for indices, commodities, and bonds. It's 1:1 for stocks.
The evaluation process is composed of one phase, with a target return rate of 6%. Twenty-nine trading days are required for Advanced and Evaluation accounts. Professional accounts require 49 trading days and a 10% profit target.
Swing traders are exempt from this rule. The minimum trading day for the Advanced and Evaluation account phases is 15 trading sessions, and the Professional account phase takes 25.
Profit allocation is 65%. The maximum loss limit and maximum relative drawdown should not exceed 4%. Trades are permitted on Forex pairs, metals, indices, commodities, bonds, and stocks.
Lux Trading Firm permits its traders to trade on TradingView, Trading Evolution, and MT4 platforms. You will also trade on weekends and overnight, which is a great bonus if you like this type of trading.
What is Lux Career Scaling?
The company will transfer your account to the next level if a trader earns 10% on professional traders' accounts. This will take you up to $2,500,000. You can reach the profit target at any level at any time. There are no time limits.
$5K to $2.5M in 7 Stages
| # | Growth Stages | Acc Size | Profit Target | Max Loss | Profit Split |
|---|---|---|---|---|---|
| 1 | Evaluation (Demo) Acc | 5,000 | 300 | 200 | Fee Refund |
| 2 | Advanced (Live) Acc | 5,000 | 300 | 200 | 65% |
| 3 | Professional (Live) Acc | 50,000 | 5,000 | 2,000 | 65% |
| 4 | Professional (Live) Acc | 100,000 | 10,000 | 4,000 | 65% |
| 5 | Professional (Live) Acc | 200,000 | 20,000 | 8,000 | 65% |
| 6 | Professional (Live) Acc | 500,000 | 50,000 | 20,000 | 65% |
| 7 | Professional (Live) Acc | 1,000,000 | 100,000 | 40,000 | 65% |
| 8 | Expert (Live) Acc | 2,500,000 | 100,000 | 65% | |
| 9 | Fund Manager (Live) Acc | 10,000,000+ |
$10K to $2.5M in 6 Stages
| # | Growth Stages | Acc Size | Profit Target | Max Loss | Profit Split |
|---|---|---|---|---|---|
| 1 | Evaluation (Demo) Acc | 10,000 | 600 | 400 | Fee Refund |
| 2 | Advanced (Live) Acc | 10,000 | 600 | 400 | 65% |
| 3 | Professional (Live) Acc | 100,000 | 10,000 | 4,000 | 65% |
| 4 | Professional (Live) Acc | 200,000 | 20,000 | 8,000 | 65% |
| 5 | Professional (Live) Acc | 500,000 | 50,000 | 20,000 | 65% |
| 6 | Professional (Live) Acc | 1,000,000 | 100,000 | 40,000 | 65% |
| 7 | Expert (Live) Acc | 2,500,000 | 100,000 | 65% | |
| 8 | Fund Manager (Live) Acc | 2,500,000 |
$15K to $2.5M in 5 Stages
| # | Growth Stages | Acc Size | Profit Target | Max Loss | Profit Split |
|---|---|---|---|---|---|
| 1 | Evaluation (Demo) Acc | 15,000 | 600 | Fee Refund | |
| 2 | Advanced (Live) Acc | 15,000 | 600 | 65% | |
| 3 | Professional (Live) Acc | 150,000 | 6,000 | 65% | |
| 4 | Professional (Live) Acc | 500,000 | 20,000 | 65% | |
| 5 | Professional (Live) Acc | 1,000,000 | 40,000 | 65% | |
| 6 | Expert (Live) Acc | 2,500,000 | 100,000 | 65% | |
| 7 | Fund Manager (Live) Acc | 1,000,000 |
* Source: https://luxtradingfirm.com/
Lux Trading Firm's Brokers and Trading Platforms
Lux Trading Firm uses Global Prime to be its broker. This Australian financial services provider was established in 2010. The combined experience of the management team in financial trading and related markets is more than 80 years.
The company provides a platform for traders to succeed. Institutional trading offers many benefits to individual traders.
Lux Trading Firm offers three trading platforms
- MetaTrader 4.
- TradingView.
- Trader Evolution
Lux Trading Firm Coaching and Education
The company offers various educational services and support, a huge plus for new traders. In addition, Lux Trading now offers Trading Central. It's an award-winning platform that allows for research and analysis.
ForexSignals.com is a partner of the company. This partnership provides Forex mentoring and training to those who wish to profit from the additional trading capital.
Lux Trading members get a 7-day trial, followed by a 10% discount. Use code LUX to receive an additional 10% off.
- Learn from traders who have more than 50 years of experience.
- You can join their Trading Room to chat with mentors and other trading community members every day.
- Live streaming allows you to receive market updates and commentary every day.
- Get feedback on your trade ideas.
- You can access hundreds of trade ideas each month.
- Take advantage of over 300 video lessons.
Lux Trading Firm Benefits
Lux Trading Firm is different from other companies in the industry because it uses a single-step valuation process. It also has real accounts. Lux Trading Firm is a low-leverage company with a ratio of 10 to 1 and a profit goal of 6% for the evaluation and development phases and 10% for the professional phase. This makes it easier to succeed than other firms with a two-stage evaluation process, such as FTO.
The evaluation process takes 29 trading days, so that it could take longer than other prop companies.
Lux Trading, a licensed asset management company, has won numerous awards. While most of the top prop trading firms in the industry are not regulated and are not required to be, it is refreshing to see one that has been through the regulatory process.
In addition, Lux only works with Global Prime, a forex broker that is licensed and regulated. Global Prime has a great reputation for honesty and reliability in trading.
There are two advantages over other branded companies
- They do not offer demo accounts. However, real/live versions are available as soon as funding is obtained.
- Second, you have the option to choose from 1/3 of the trading platforms available. You have the option to choose from MetaTrader 4, TradingView, or Trader Evolution.
Lux Trading Firm Pros and Cons
Pros
- Perfect reputation.
- Weekend holding allowed.
- Scaling up to 2,500,000.
- Profit split at 65%
- Profit targets are not subject to a time limit when compared to Fidelcrest Trader Funding, or MyForexFunds funding programs.
Cons
- Fairly high initial cost when comparing to FTMO Trader Challenge and alike.
Lux Trading Firm Review Conclusion
LUX Trading Firm is the only Forex firm proving that funds are used for trading in real money. Their choice of Global Prime broker and other trading platforms is evidence of this. LUX Trading offers real opportunities for beginners and experienced traders to achieve the maximum account size, $2,500,000.
See more of The Best Funded Trader Programs for 2023
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