Lux Trading Firm Review (discount code: forexpropreviews)
4.0

Lux Trading Firm Review (discount code: forexpropreviews)

Lux Trading Firm is one of the leading proprietary firms with an office based in London and Slovakia, Bratislava. They specialize in supporting experienced prop traders and commit to helping them excel by providing the tools and the capital they need to compete in the market.
Home » Lux Trading Firm Review (discount code: forexpropreviews)

They were formed to bring together people with high caliber experience to discover trading and investment opportunities. They are a well-capitalized firm that prioritizes their traders’ strategies’ execution, analysis, and growth.

Pros
  • Free Trial
  • Excellent Trustpilot rating of 4.7/5
  • Scaling up to 10 million USD
  • Fast email support
  • No time limit on profit target
  • Weekend holding allowed
  • 1 Phase Evaluation Process
  • Profit share 65%
Cons
  • 4% maximum relative drawdown and maximum loss limit
  • Low leverage 10:1, 5:1, 1:1

Lux Trading Firm encourages its traders to succeed in their careers. They are enabling them to earn more profits by trading on accounts up to $10,000,000 in balance. To become funded, you have to pass their unique two-step evaluation process. After doing so, you have specific profit targets that you must reach to scale your account balance. Upon successful completion, you are rewarded with a 75% profit split and an increase in your account balance.

Who are Lux Trading Firm?

Lux Trading Firm is a proprietary firm with one of the offices based in London and the other in Slovakia, Bratislava. They offer their traders up to $10,000,000 account balance in size and are using a well-recognized Global Prime as their broker located in Australia.

They are a registered UK company under Lux Trading Firm Ltd, with 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 a unique two-step evaluation program with three different account sizes.

Lux Trading Firm evaluation program accounts aim to identify consistent and talented traders who will be rewarded for their consistency in the unique two-phase evaluation period. The evaluation program account allows you to trade with up to 1:10 leverage.

Phase one, or in other words, the Evaluation stage, requires a trader to reach a profit target of 6% while not surpassing their 5% maximum loss rules. During the Evaluation stage, you are required to hit your profit target with no maximum time limitations. However, you are required to trade for a minimum of 29 calendar days (15 calendar days for swing traders) in order to proceed to phase two. After completing the Evaluation stage, you are also eligible for a 50% refund of your initial one-time fee.

Phase two, or in other words, the Advanced stage, requires a trader to reach a profit target of 4% while not surpassing their 5% maximum loss rules. During the Advanced stage, you are required to hit your profit target with no maximum time limitations. However, you are required to trade for a minimum of 20 calendar days (15 calendar days for swing traders) in order to proceed to a live funded account. After completing the Advanced stage, you are also eligible for a second 50% refund of your initial one-time fee.

By completing both, the Evaluation and Advanced stages, you are awarded a live funded account or, in other words, the Professional account with no profit target requirements in order to receive a withdrawal. You are only required to respect the 5% maximum loss rule. Your first payout is 30 calendar days from the day you place your first position on your funded account, where you are eligible for a profit split of 75% based on the profit you made on your live funded account. Note that all future payouts are paid out monthly with a 75% profit split based on the profits you manage to make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You are required to reach a profit target of 10% in order to scale your account to the next growth stage up to a maximum capital of $10,000,000.

$50k Evaluation account scaling plan

$100k Evaluation account scaling plan

$200k Evaluation account scaling plan

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, bonds, and shares.

Evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation stage profit target is 6%, while the Advanced stage has a profit target of 4%. Funded accounts have no profit targets.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. The evaluation stage has a 29 minimum trading day requirement (15 calendar days for swing traders), while the Advanced stage has a 20 minimum trading day requirement (15 calendar days for swing traders).
  • Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Only one segment of trading means that you can trade only forex, only commodities, or only indices on the account and not all segments on the account.

What makes Lux Trading Firm different from other prop firms?

Lux Trading Firm is different from most industry-leading prop firms due to offering a unique two-step evaluation program and having real funded accounts.

Compared to other prop firms, Lux Trading Firm’s evaluation program is a unique two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 6% in phase one and 4% in phase two, with a 5% maximum loss rule. You are also required to trade for a minimum of 29 calendar days (15 calendar days for swing traders) during the Evaluation stage and a minimum of 20 calendar days (15 calendar days for swing traders) during the Advanced stage. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets with no maximum time limitations.

Example of comparison between Lux Trading Firm & My Forex Funds

Trading ObjectivesLux Trading FirmMy Forex Funds
Phase 1 profit target6%8%
Phase 2 profit target4%5%
Maximum daily lossNo limit5%
Maximum loss5%12%
Minimum trading daysEvaluation stage: 29 calendar days
Advanced stage: 20 calendar days
(Swing traders: 15 calendar days)
5 calendar days
Profit split75%75% up to 90%

Example of comparison between Lux Trading Firm & FundedNext

Trading ObjectivesLux Trading FirmFundedNext
Phase 1 profit target6%10%
Phase 2 profit target4%5%
Maximum daily lossNo limit5%
Maximum loss5%10%
Minimum trading daysEvaluation stage: 29 calendar days
Advanced stage: 20 calendar days
(Swing traders: 15 calendar days)
5 calendar days
Profit split75%80% up to 90%

Example of comparison between Lux Trading Firm & E8 Funding

Trading ObjectivesLux Trading FirmE8 Funding
Phase 1 profit target6%8%
Phase 2 profit target5%5%
Maximum daily lossNo limit5%
Maximum loss4%8% (Scaleable to 14%)
Minimum trading daysEvaluation stage: 29 calendar days
Advanced stage: 20 calendar days
(Swing traders: 15 calendar days)
No minimum trading day requirement
Profit split75%80%

In conclusion, Lux Trading Firm is different from other industry-leading prop firms by offering a unique two-step evaluation program while also offering real live funded accounts to their traders. They also have relatively low profit targets with no maximum time limitations to complete both the Evaluation and the Advanced stages.

Is getting Lux Trading Firm capital realistic?

When looking at prop firms that best suit you and your forex trading style, it’s essential to see how realistic the trading requirements are. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from evaluation programs is realistic mostly since they have relatively low profit targets (6% in phase one and 5% in phase two), despite the fact that the maximum overall loss limit is 5%. In addition, you also have no maximum time limitations, meaning that you can slowly acquire profits without any need to rush through the process.

After considering all of that, Lux Trading Firm is an excellent choice to get funded since you have a unique evaluation program with three different account sizes to choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Lux Trading Firm is a relatively new proprietary firm incorporated on the 27th of January, 2021. You can see claims of payment proof in the following two reviews at Trustpilot made by Richard C. and Jack Pechler.

You can also watch the following video for payment proof, where Lux Trading Firm interviewed Brandon. At 2:25 minutes in the video, he claims that he got his profit split and that he got it within two days. 

Lux Trading Firm provides its traders with real/live accounts. To see proof click here.

Which broker does Lux Trading Firm use?

Lux Trading Firm uses Global Prime as its broker. They are an Australian-owned and operated financial services provider founded in 2010.

They believe that they must create conditions conducive to a trader’s success. To accomplish that, they are providing institutional trading benefits to the individual. 

Global Prime has a leadership team who has over 80 years of combined experience within financial trading and related markets:

  • Director (Institutional); Elan Bension
  • Director (Retail); Jeremy Kinstlinger
  • GM; Angus Walker
  • CMO; Bryan Kelly

They are offering three trading platforms:

Trading Instruments

Lux Trading Firm offers a large variety of Trading Instruments. You are allowed to trade forex pairs, commodities, indices, bonds, and shares.

FOREX:AUDUSDEURUSDGBPUSDUSDCADUSDCHF
USDJPYAUDCADAUDCHFAUDJPYAUDNZDCADCHF
CADJPYCHFJPYEURAUDEURCADEURCHFEURGBP
EURJPYEURNZDGBPAUDGBPCADGBPCHFGBPJPY
GBPNZDNZDCADNZDCHFNZDJPYNZDUSDAUDSGD
EURNOKEURSEKEURSGDEURTRYGBPNOKSGDJPY
USDCNHUSDHKDUSDMXNUSDNOKUSDSEKUSDSGD
USDTHBUSDTRYUSDZAR
COMMODITIES:XAGUSDXAUUSDUKOILXTIUSDXAUEUR
XPTUSDXPDUSDXNGUSDXCUUSD
INDICES:AUS200CHINA50ES35EUSTX50FRA40
GER30HK50JPN225NAS100UK100US30
US500
BONDS:EURBUNDEURBOBLEURBUXLEURSCHAUKGILT
UST05YUST10Y
SHARES:AAPL.NASABBV.NYSEABNB.NASABT.NYSEACN.NYSE
ADBE.NASAMAT.NASAMGN.NASAMZN.NASAVGO.NASAXP.NYSE
BA.NYSEBABA.NYSEBAC.NYSEBLK.NYSEBMY.NYSEBRK-B.NYSE
C.NYSECAT.NYSECCL.NYSECHTR.NASCMCSA.NASCOF.NYSE
COIN.NASCOST.NASCRM.NYSECSCO.NASCVX.NYSEDE.NYSE
DHR.NYSEDIS.NYSEEA.NASEBAY.NASEDU.NYSEFB.NAS
GE.NYSEGOOG.NASGS.NYSEHD.NYSEHON.NASHSBC.NYSE
IBM.NYSEINTC.NASINTU.NASIQV.NYSEJNJ.NYSEJPM.NYSE
KO.NYSELIN.NYSELLY.NYSELMT.NYSELOW.NYSEMA.NYSE
MAT.NASMCD.NYSEMDT.NYSEMMM.NYSEMRK.NYSEMS.NYSE
MSFT.NASNEE.NYSENFLX.NASNIO.NYSENKE.NYSENVDA.NAS
NVS.NYSEORCL.NYSEPDD.NASPEP.NASPFE.NYSEPG.NYSE
PM.NYSEPYPL.NASQCOM.NASQS.NYSEROKU.NASRTX.NYSE
SBUX.NASSCHW.NYSESHOP.NYSESPOT.NYSESQ.NYSETM.NYSE
TMO.NYSETMUS.NASTSLA.NASTWTR.NYSETXN.NASUBER.NYSE
UNH.NYSEUNP.NYSEUPS.NYSEV.NYSEVTRS.NASVZ.NYSE
WFC.NYSEWIX.NASWMT.NYSEWU.NYSEXOM.NYSEZM.NAS

Trading fees

Trading commission:

AssetsFee terms
FOREX 4 USD / LOT
COMMODITIES 0 USD / LOT
INDICES 0 USD / LOT
BONDS 0 USD / LOT
SHARES 0.02 USD per share per side

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
Meta Trader 4GlobalPrime-Demo2307815mGcd2ryClick here

Education & Support for traders

Lux Trading Firm provides educational content on its website under the topic Trader Tools, which you can also access by clicking here.

While Lux Trading Firm doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind. 

To see the mentioned thread click here.

Lux Trading Firm offers a free trial option to their community, allowing them to familiarize themselves with their platform and trading rules while also experiencing what it’s like trading with Lux Trading Firm.

They are offering a modern dashboard to keep track of your trading progress. You can see an example of the dashboard above.

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 4.5/5 out of 344 reviews. They also have fast and reliable support that will provide you with all the necessary information that you require from them.

Most of their community is pleased with their dashboard style and the data that gets covered on it. It makes its users’ lives easier by not calculating the maximum relative drawdowns on their own.

Another positive feature is the three different trading platforms that they offer, which are Trader Evolution, TradingView, and MetaTrader 4 for you to choose from.

They also benefit individuals with their education and the precise rules and guidelines that force their customers to adapt their risk management for the better.

Social Media Statistics

Lux Trading Firm can also be found on social media.

They have a:

  • Facebook page with 3,3k followers
  • Twitter account with 243 followers
  • Youtube channel with 1,97k subscribers and 83 uploaded videos
  • Instagram profile with 2,067 followers.

Support

Lux Trading Firm has a FAQ page where you might find the information that you are missing.

The support team is available on their social media, or you can directly contact them on their email info@luxtradingfirm.com.  

They also have active live chat support 24 hours a day.

You can also contact Lux Trading Firm for any further information through telephone number +44 20 7193 9534.

Conclusion

In conclusion, Lux Trading Firm is a legitimate proprietary trading firm that offers traders a chance to choose between three different evaluation program account sizes.

Evaluation programs are a unique two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Lux Trading Firm requires traders to reach profit targets of 6% in phase one and 4% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum loss rule. These unique two-phase evaluation programs allow traders to earn profit splits of 75% while also having the potential to scale the account balance up to $10,000,000.

I would recommend Lux Trading Firm to more experienced traders with well-developed trading and risk management strategies. They have straightforward rules with no maximum time limitation periods and relatively high minimum trading day requirements for traders to scale their accounts, meaning that they are trying to attract attention from consistent traders. After considering everything Lux Trading Firm has to offer, they can be considered an excellent choice for anyone who has a well-developed trading strategy and is looking to acquire profits slowly on a consistent basis.

The review about Lux Trading Firm was lastly updated on 20.01.2023 at 09:54 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Lux Trading Firm have the instruments that you want to trade?

Let us know if you enjoyed our Lux Trading Firm Proprietary Trading firm review!

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Lux Trading Firm Review (discount code: forexpropreviews) Details

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4.0
Fees
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4.0 Overall Rating

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