Pros
- Free Trial
- Excellent Trustpilot rating of 4.3/5
- The Lux Trader trading platform
- Fast email support
- No time limit on profit target
- Weekend holding allowed
- Profit share 75%
Cons
- 4% maximum relative drawdown and maximum loss limit
- Low leverage 1:1, 1:5, and 1:10
- High minimum trading day requirements
- Limited to one segment of trading
Lux Trading Firm actively supports the success of its traders, empowering them to achieve greater profitability. Traders have the opportunity to trade on accounts with balances of up to $10,000,000. To qualify for funding, one must successfully navigate the distinctive two-step evaluation process. Once accomplished, traders are assigned specific profit targets to enhance their account balance. Upon meeting these targets, they receive a 75% profit split and a subsequent boost in their account balance.
Who are Lux Trading Firm?
Lux Trading Firm, a proprietary trading company, operates from offices in both London and Slovakia, Bratislava. Traders at Lux Trading Firm have the opportunity to access account balances of up to $10,000,000, facilitated through their affiliation with the reputable broker, After Prime, situated in Australia.
As a registered entity in the United Kingdom, Lux Trading Firm operates under the name Lux Trading Firm Ltd, holding the company number 131609991.
Lux Trading Firm Ltd was incorporated on the 27th of January 2021 and is registered under Kemp House, 160 City Road EC1V 2NX London, UK.
They also have one more registered company, Lux Trading Firm s. r. o at Dunajská 8, Bratislava, Slovakia. Lux Trading Firm s. r. o. The company was registered on 12 February 2020.
Funding program options
Lux Trading Firm offers its traders two different programs to choose from:
- Two-step evaluation program
- One-step evaluation program
Two-step evaluation program accounts
Two-step evaluation program account scaling plan
The two-step evaluation program accounts at Lux Trading Firm also incorporate a scaling plan. Traders are mandated to achieve a profit target of 10% to advance their account to the next growth stage, with the potential to scale up to a maximum capital of $10,000,000.
$25k Evaluation account scaling plan
$50k Evaluation account scaling plan
$100k Evaluation account scaling plan
$200k Evaluation account scaling plan
The trading instruments available for the two-step evaluation program accounts encompass a diverse range, including forex pairs, commodities, indices, bonds, and shares.
Two-step evaluation program account rules
Profit Targets:
- Evaluation Stage: 6%
- Advanced Stage: 4%
- Funded accounts: No specific profit targets.
Maximum Loss:
- All account sizes: 5% (4% once funded).
Minimum Trading Days:
- Evaluation Stage: 29 days (15 calendar days for swing traders).
- Advanced Stage: No minimum trading day requirements.
Stop-Loss Requirement:
- Mandatory for every position before initiating a trade.
Martingale Prohibition:
- No use of martingale strategies allowed during trading.
Third-Party EA Risk:
- Cautionary note on potential risk if using a third-party EA that duplicates strategies used by others, which might breach maximum capital allocation rules.
Third-Party Copy Trading Risk:
- Caution about potential risk when using third-party copy trading services mirroring strategies already in use by others, leading to potential denial of funded accounts/withdrawals if maximum capital allocation rules are exceeded.
Single Segment Trading:
- Restriction allowing trading in only one segment (forex, commodities, or indices) per account, excluding simultaneous trading across all segments.
One-step evaluation program account
One-step evaluation program account scaling plan
The one-step evaluation program accounts at Lux Trading Firm incorporate a scaling plan. Traders are obligated to achieve a 10% profit target to elevate their account to the subsequent growth stage, with the potential to scale up to a maximum capital of $10,000,000.
$1M One-step evaluation account scaling plan
The trading instruments available for one-step evaluation program accounts encompass a diverse range, including forex pairs, commodities, indices, bonds, and shares.
One-step evaluation program account rules
Profit Targets:
- Evaluation Stage: 15%
- Funded Accounts: 10%
- Required before evaluation completion, profit withdrawal, or scaling the account.
Maximum Loss:
- All Account Sizes: 5% (4% once funded).
- Violation if exceeded.
Minimum Trading Days:
- Evaluation Stage: 29 days (15 days for swing traders).
- Necessary before evaluation completion or withdrawal request.
Stop-Loss Requirement:
- Mandatory for every position prior to trade initiation.
Martingale Prohibition:
- No use of martingale strategies permitted during trading.
Third-Party EA Risk:
- Cautionary note on potential denial of funded account/withdrawal if a third-party EA duplicates existing strategies and breaches maximum capital allocation rules.
Third-Party Copy Trading Risk:
- Caution about potential denial of funded account/withdrawal if using a third-party copy trading service that replicates strategies already in use by others, leading to exceeding maximum capital allocation rules.
Single Segment Trading:
- Restriction to trade only in one segment (forex, commodities, or indices) per account, excluding simultaneous trading across all segments.
What makes Lux Trading Firm different from other prop firms?
Lux Trading Firm stands out from its industry counterparts by offering two distinctive funding programs: a unique two-step evaluation and a $1 million one-step funding initiative. Additionally, the firm distinguishes itself by providing traders with genuine funded accounts.
In contrast to conventional prop firms, Lux Trading Firm’s two-step evaluation program is a distinctive two-phase process that necessitates traders to successfully navigate both phases before becoming eligible for payouts. The initial phase requires a profit target of 6%, followed by a 4% target in the second phase, while adhering to a 5% maximum loss rule. During the Evaluation stage, traders must engage in a minimum of 29 calendar days (15 calendar days for swing traders), whereas there are no minimum trading day requirements during the Advanced stage. The two-step evaluation programs also incorporate a scaling plan. Notably, Lux Trading Firm sets itself apart from other leading prop firms by offering relatively lower profit targets and imposing no maximum time limitations.
Example of comparison between Lux Trading Firm & Funding Pips
Trading Objectives
Lux Trading Firm
Funding Pips
Phase 1 Profit Target
6%
8%
Phase 2 Profit Target
4%
5%
Maximum Daily Loss
No Limit
5%
Maximum Loss
5%
10%
Minimum Trading Days
Evaluation Stage: 29 Calendar Days (Swing Traders: 15 Calendar Days)
No Minimum Trading Days
Maximum Trading Period
Phase 1: Unlimited Phase 2: Unlimited
Phase 1: Unlimited Phase 2: Unlimited
Profit Split
75%
80% up to 90%
Example of comparison between Lux Trading Firm & FundedNext
Trading Objectives
Lux Trading Firm
FundedNext (Evaluation)
Phase 1 Profit Target
6%
10%
Phase 2 Profit Target
4%
5%
Maximum Daily Loss
5% No Limit
5%
Maximum Loss
5%
10%
Minimum Trading Days
Evaluation Stage: 29 Calendar Days (Swing Traders: 15 Calendar Days)s
5 Calendar Days
Maximum Trading Period
Phase 1: Unlimited Phase 2: Unlimited
Phase 1: 30 Calendar Days Phase 2: 60 Calendar Days
Profit Split
75%
80% up to 90%
Example of comparison between Lux Trading Firm & E8 Funding
Trading Objectives
Lux Trading Firm
E8 Funding (Normal)
Phase 1 Profit Target
6%
8%
Phase 2 Profit Target
5%
5%
Maximum Daily Loss
No Limit
5%
Maximum Loss
4%
8% (Scaleable up to 14%)
Minimum Trading Days
Evaluation Stage: 29 Calendar Days (Swing Traders: 15 Calendar Days)
No Minimum Trading Days
Maximum Trading Period
Phase 1: Unlimited Phase 2: Unlimited
Phase 1: Unlimited Phase 2: Unlimited
Profit Split
75%
80%
Is getting Lux Trading Firm capital realistic?
When assessing prop firms that align with your forex trading style, it’s crucial to evaluate the realism of their trading requirements. Opting for a company that boasts a high % profit split on a generously funded account might seem appealing, but if they demand lofty % gains per month coupled with low % maximum drawdowns, the likelihood of success diminishes significantly.
Obtaining capital through two-step evaluation programs proves realistic, primarily due to their relatively modest profit targets (6% in phase one and 5% in phase two). Moreover, the maximum overall loss limit is set at 5%, and the absence of maximum time limitations allows traders to accumulate profits at a comfortable pace without feeling pressured.
Similarly, obtaining capital through one-step evaluation programs is deemed realistic, given their slightly above-average profit target of 15%, coupled with a maximum overall loss limit of 5%. The absence of maximum time limitations provides traders with the flexibility to steadily accumulate profits without the need for hurried decision-making.
Taking all these factors into consideration, Lux Trading Firm emerges as an outstanding choice for securing funding. The availability of two distinct funding programs ensures that traders can opt for objectives and conditions that align with realistic trading goals, enhancing the likelihood of successful outcomes and timely payouts.
Payment proof
Lux Trading Firm, an established proprietary firm, was officially incorporated on January 27, 2021. Evidence of payment success is attested by the reviews of two individuals, Richard C. and Jack Pechler, available on Trustpilot.
Traders’ Comments about Lux Trading Firm
Lux Trading Firm has excellent feedback from their reviews.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an incredible score of 4.3/5 out of 561 reviews. They also have fast and reliable support that will provide you with all the necessary information that you require from them.
The majority of their user base expresses satisfaction with the design and content coverage of their dashboard. The platform streamlines users’ experiences by handling the calculation of maximum relative drawdowns, relieving them of this task.
Their educational resources provide valuable assistance to individuals, offering precise rules and guidelines that compel customers to enhance their risk management practices for the better.
Conclusion
Lux Trading Firm stands out as a legitimate proprietary trading entity that provides traders with the flexibility to choose between two distinct funding programs: the unique two-step evaluation and the $1 million one-step funding initiative.
The two-step evaluation programs present a distinctive two-phase challenge, requiring traders to successfully navigate both phases to become funded and eligible for profit splits. Lux Trading Firm sets realistic trading objectives by requiring traders to achieve profit targets of 6% in phase one and 4% in phase two, all within the framework of a reasonable 5% maximum loss rule. The program allows traders to earn profit splits of 75% and offers the potential to scale the account balance up to $10,000,000.
On the other hand, the one-step evaluation program is a streamlined one-phase challenge, demanding successful completion before traders become funded and eligible for profit splits. Lux Trading Firm maintains realistic trading objectives by setting a profit target of 15%, aligned with a 5% maximum loss rule. Similar to the two-step program, traders can earn profit splits of 75% and have the potential to scale the account balance up to $10,000,000.
Lux Trading Firm is recommended for more experienced traders equipped with well-developed trading and risk management strategies. The firm’s straightforward rules, absence of maximum time limitations, and relatively high minimum trading day requirements for account scaling suggest a focus on attracting consistent traders. Taking everything into account, Lux Trading Firm emerges as an excellent choice for those with robust trading strategies seeking consistent and gradual profit accumulation.
Trustpilot hosts a diverse range of community members providing overwhelmingly positive feedback, resulting in an impressive score of 4.6 out of 5 based on 284 reviews. The majority of the community commends Glow Node for its clear and concise trading objectives and regulations. Additionally, they appreciate the active engagement with the community, particularly through the Discord channel.
