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Lux Trading Firm: Reviews And In-Depth Analysis

Lux Trading Firm

Rating: 4.1

REVIEW SUMMARY

Lux Trading Firm is a Forex prop firm, located in London, UK. It was founded in 2020.

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $10,000,000

Profit split: 75%

Cost: from £299

Platforms: MT5, TradingView.

PROS & CONS

What I like:

  • Free trial available to test the evaluations.
  • Once funded, you trade with real money, not a simulated account.
  • Your account can grow up to $10,000,000 in as little as 3 stages.
  • Good selections of instruments, including 2,000+ stocks.
  • You get the evaluation fee back with your first profits.

What could be improved:

  • The profit split is only 75%. It could be a little more.
  • You are not allowed to copy-trade.

Lux Trading Firm is a prop trading firm located in the UK.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Lux Trading Firm.

Here’s what you’re going to learn:

What Is The Lux Trading Firm?

Lux Trading Firm is a prop firm located in London, UK. It was founded in 2020 so it already has some experience funding traders.

What Can You Trade With Lux Trading Firm?

Lux Trading Firm is a prop firm that funds traders to trade Forex and other CFDs trading assets.

Here’s a list of all of the instruments:

  • Forex: Major and minor currency pairs
  • Indices
  • Commodities
  • Metals
  • Cryptocurrencies
  • Stocks

What Are The Lux Trading Firm Account Sizes?

Lux Trading Firm funds traders with account balances that go from $50,000 up to $1,000,000. These accounts can be scaled up to $10,000,000 as you keep having good results trading.

To get access to a funded account you need to pass a 2-phase evaluation process in the case of the $50k and $200k accounts, and a 1-phase evaluation process if you’re applying for the $1,000,000 account.

The prices of the products are different according to the account size that you are applying to. The prices of the smaller funded account start at £299 and go up to £1499 for the bigger account.

What Is The Lux Trading Firm Leverage?

The leverage provided by the prop firm depends on the symbol that you are trading. Here’s the list of leverage by symbol:

  • Forex: 1:30
  • Indices: 1:30
  • Commodities: 1:30
  • Metals: 1:30
  • Stocks: 1:5
  • Crypto: 1:5

How Much Is The Lux Trading Firm Payout?

The profit split is 75% for all programs.

There are other prop firms with higher payouts, but we can say that this is pretty much the industry standard.

Lux Trading Firm Link

Lux Trading Firm Reviews

According to Trustpilot, Lux Trading Firm is classified as excellent. It’s scoring 4.5/5.0 after 409 reviews from users.

The Evaluation

To pass the evaluation and get funded with a professional account you need to pass 2 stages. In these stages, you must achieve a minimum profit without exceeding a maximum loss.

Here are all the details:

Phase 1

  • Minimum days to trade: 29 days.
  • Challenge duration: No maximum.
  • Maximum relative drawdown: 6%.
  • Profit target: 6%.

Phase 2

  • Minimum days to trade: No minimum.
  • Challenge duration: No maximum.
  • Maximum relative drawdown: 6%.
  • Profit target: 4%.

The Evaluation – Special Account

When you’re applying to the $1,000,000 special account, the evaluation process is shorter. Here you only have 1 single phase to pass.

In this stage, you must achieve a minimum profit without exceeding a maximum loss.

Here are all the details:

  • Minimum days to trade: 29 days.
  • Challenge duration: No maximum.
  • Maximum relative drawdown: 6%.
  • Profit target: 15%.

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Lux Trading Firm EAs (Expert Advisors)

If you like to use EAs to trade, Lux Trading Firm is a great prop firm for you. They allow EAs although it must be your own EA. EAs developed by third parties are prohibited.

Lux Trading Firm Free Trial

Lux Trading Firm offers a 7-day free trial. Please use the link below to get it.

Lux Trading Firm Free Trial

Lux Trading Firm Free Repeat

Lux Trading Firm doesn’t provide free repeats.

Lux Trading Firm Platforms

Lux Trading Firm gives you access to the most popular trading platforms used by Forex brokers.

You can use:

  • MetaTrader 5
  • TradingView

Lux Trading Firm Trading Hours

Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want according to your own trading style.

The same applies to holding trades over the weekend. Just be careful with daily and weekend gaps.

Lux Trading Firm News Trading

There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.

Lux Trading Firm Payment Types

Here are all the payment types accepted by Lux Trading Firm:

  • Wire
  • PayPal
  • Crypto
  • Credit Card
  • Wise
  • Paysera

Is Lux Trading Firm Legit?

Yes, Lux Trading Firm is a legit company.

Here are the contacts to reach them:

  • Email: sales@luxtradingfirm.com
  • Address: 128 City Road, London EC1V 2NX, United Kingdom
  • Phone: +44 (0)20 7167 8107

You can also contact them through the live chat on their website.

Lux Trading Firm Alternatives

Here’s the list of the best Lux Trading Firm alternatives:

For more alternatives check our alternative prop firm tool:

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Recap

  • Lux Trading Firm is a prop trading firm based in the UK.
  • You can get a funded account with up to $1,000,000 in balance and a 75% profit split payout, which can be called up to $10,000,000.
  • To get access to a funded account you have to pass a one-phase or two-phase challenge program depending on the account balance.
  • You can trade Forex and other CFDs like Indices, Commodities, Metals, Stocks, and Cryptocurrencies.
  • The popular MT5 and TradingView platforms are available to trade.

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Copyright © 2018- · All Rights Reserved · Living From Trading

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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