Lux Trading Firm: New Updates and Rules!

Lux Trading Firm has revealed some groundbreaking new updates and rules that will revolutionize the trading landscape. The highly-anticipated changes are set to take effect with the launch of their new platform. This promises traders a host of benefits and enhanced opportunities.

First of all, one million dollar evaluation, previously exclusive to The Lux Trader platform, will soon be extended to the MT5 platform as well. This opens up new avenues for traders, amplifying their potential for success.

Additionally, traders keen on switching to the MT5 platform can continue using the MT4 platform until the MT5 version is officially released. Meanwhile, users of the Trading View-based Lux Trader platform can look forward to its availability within the next two to three weeks.

Lux Trading Firm New Updates and Rules!

Lux Trading Firm also shared that traders utilizing EAs should start migrating their EAs to the MT5 platform. The firm emphasized the importance of compatibility and provided ample time for the transition. This allows traders to maximize their trading efficiency.

Drawdown Rule Update

The most exciting aspect of this announcement is the extensive rule changes for the new accounts on the upcoming platforms, The Lux Trader and MT5. Lux Trading Firm has revisited and revised its drawdown limits, expanding them from 4% and 5% to a more flexible 6% across all account stages. This change will allow traders greater room for maneuvering while adhering to a prudent approach to risk management.

Stop Loss Rule Update

Furthermore, the firm has made trading more accessible by reducing the minimum stop-loss from 10 Pips to just 5 Pips. This empowering move is particularly beneficial for scalpers, offering better risk control. During news events with heightened volatility, the minimum stop-loss will remain at 10 Pips to ensure traders’ protection and fund safety.

Lux Trading Firm Asset Classes

Lux Trading Firm has also streamlined its asset classes to create a more intuitive and straightforward trading experience. Combining Forex, indices, and metals into a single asset class called the CFD account, traders can now access a comprehensive range of instruments under one account. Additionally, dedicated stock and crypto accounts will provide traders with access to a vast selection of 12,000 U.S. stocks and ETFs, along with up to 1,000 cryptocurrencies. 

Lower commissions, higher leverage, and better trading conditions are set to elevate traders’ experiences. This will ensure a seamless transition to a brighter trading future.

That’s not even the tip of the Iceberg; for full details, watch the video:

About the Firm

Lux Trading Firm is a proprietary firm. They have 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 use a well-recognized After Prime as their broker in Australia.

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