Lux Trading Firm prop firm offers virtual funded accounts ranging from $50,000 to 1 million dollars. The firm seems focused more on experienced traders, as there are no smaller funded challenges offered. The lowest price is 199 GBP for a 50k USD challenge, making the firm not suitable for beginners. The profit split is 75%, which is competitive but slightly lower than the industry average of 80%. The firm promises up to 10 million dollars in funding with its elite program, and we decided to take a closer look at this firm.
In this Lux Trading Firm review, we will assess the firm’s safety, rules, funding options, fees, support, and more.
Pros & cons of Lux Trading Firm prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to MetaTrader 5
- Fast and digital account opening/verification
- Offers a scaling plan of up to 10 million dollars
- Most payment options are free and instant
Cons
- Does not offer accounts below 50k USD
- Lacks trader reviews and is not backed by a regulated broker
- Expensive fees from 199 GBP
- A limited number of trading instruments
Safety of Lux Trading Firm – 1.5
Lux Trading Firm reviews are lacking on the FPA. There are 2 reviews, and both of them are very negative. However, this is not enough to define whether the firm is truly a scam or not. On Trustpilot, the firm has more than 600 reviews, and around 11% are 1-star evaluations. Nw, this is not a very good result from a firm that focuses on seasoned traders with premium funding programs.
When it comes to experience, the firm was established in 2021, giving it decent experience in the prop trading sector. Trading accounts are not backed by regulated brokers, which is a downside for the firm.
The firm gets a 1.5 score in this section for having some experience but lacking positive reviews and regulated broker backup.
Lux Trading Firm Funding and Maximum Capital Allocation – 2
Lux Trading Firm funded programs include 50k, 200k, and 1M accounts. The 50k and 200k challenges are 2-step accounts, while the 1 million challenge is a 1-step evaluation.
Lux Trading Firm funding options are very limited and only include these three base funding amounts.
Lux Trading Firm challenges are designed for experienced traders or traders who will undertake mentoring the firm’s educational programs.
Lux Trading Firm scaling plan allows traders to increase their maximum funding to 10 million dollars, which requires 8 stages for 50k, 6 stages for 200k, and 3 stages for 1 million challenges.
Overall, the firm gets a 2 score in this section for lacking funding options.
Lux Trading Firm Assets – 2.5
Lux Trading Firm prop trading is allowed on Forex, commodities, and indices. There are no other asset types offered, which is a downside of the firm. There are no stocks or cryptos offered, making it difficult for multi-asset traders to select this firm.
Overall, the firm gets a 2.5 score in this section for lacking asset diversity.
Lux Trading Firm Trading rules and limitations – 1.0
Lux Trading Firm rules are straightforward; traders have to hit profit targets while maintaining strict risk controls. On the 50k USD challenge account, traders have to hit the 6% profit target, which is reduced to 4% for phase 2. The maximum loss limit is also 6%, which is strict. The 200k USD challenge has similar rules. The 1 million 1-step account has different rules, with a 15% profit target and a 6% maximum drawdown.
The firm gets a 1.0 score in this section for having strict rules.
Lux Trading Firm Fees – 1.5
Lux Trading Firm offers competitive fees for a $50,000 challenge, but since there are no smaller funding options, the starting price is expensive at 199 GBP. This price is competitive for a $50,000 challenge, but many beginners can not afford to start with a $50,000 challenge.
Lux Trading Firm free trial is available, and traders can test trading conditions before purchasing the actual challenge, which is a very positive thing.
Lux Trading Firm free repeat is not available, and traders will have to purchase the account again if they fail the challenge.
Overall, the firm receives a 1.5 score in this section for expensive fees.
Lux Trading Firm Platforms – 4
Lux Trading Firm allows access to the advanced trading platform MetaTrader 5 (MT5). The platform allows for custom indicators, and mobile trading is allowed as well. MT5 also has a web trader version, allowing trading without installing the platform.
Overall, the firm gets a 4 score in this section.
Lux Trading Firm Profit-Sharing – 1
Lux Trading Firm profit split is 75%, which is a competitive number. However, many reliable firms offer 80% and even 90% profit splits, and Lux Trading Firm is not as competitive.
Withdrawals are free of charge, and the firm also refunds 50% of fees upon passing the challenge.
The firm gets a 1 score in this section for offering low-profit sharing.
Education and trading tools at Lux Trading Firm – 4
Lux Trading Firm offers premium trading courses and mentoring to its traders. These courses, including mentoring, allow traders to improve their trading skills. There are also tools in the trader dashboard that help traders monitor their performance.
Overall, the firm gets a 4 score in this section for offering advanced courses.
Customer Support at Lux Trading Firm – 3.6
Customer support is good at Lux Trading Firm and includes live chat, email, and phone options. The one downside of the firm is its lack of multilingual support and website.
Overall, the firm gets a 3.6 score in this section for offering diverse support options but lacking multilingual capabilities.
Frequently Asked Questions on Lux Trading Firm
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