Review
Lux Trading Firms
"Lux Trading Firm: Expert Solutions for Financial Success"
"Lux Trading Firm: Empowering Prop Traders in London and Bratislava with Tools, Capital, and Expertise for Market Success"
Lux Trading Firm, a well-known proprietary trading company with operations in London and Bratislava, Slovakia, is dedicated to empowering experienced proprietary traders. The company provides them with the necessary resources and capital to navigate the volatile market environment.
Our primary objective is to bring together individuals with exceptional expertise who can identify and take advantage of trading and investment opportunities. With substantial financial support, our firm places a strong emphasis on implementing, analyzing, and nurturing our traders’ strategies.
At Lux Trading Firm, we create a supportive environment that enables traders to excel professionally, offering the opportunity to generate higher profits through trading activities with account balances of up to $10,000,000. To secure funding, prospective traders must successfully navigate a unique two-step evaluation process. Once they meet these criteria, they are given specific profit targets to increase their account balances. Achieving these goals leads to a 75% profit-sharing arrangement and a subsequent boost in their account balance.
Who are Lux Trading Firm
Lux Trading Firm is a privately held enterprise with operational bases in both London and Bratislava, Slovakia. It furnishes its traders with substantial account balances that can reach up to $10,000,000, all while collaborating with After Prime, a well-regarded brokerage firm situated in Australia. This company holds official registration in the United Kingdom under the name Lux Trading Firm Ltd, bearing the registered company number 131609991.
The incorporation of Lux Trading Firm Ltd took place on the 27th of January 2021, and it operates from Kemp House, 160 City Road, EC1V 2NX, London, UK.
In addition, they have another registered entity, Lux Trading Firm s. r. o., situated at Dunajská 8, Bratislava, Slovakia. Lux Trading Firm s. r. o. was officially registered on the 12th of February 2020.
Funding Options
Lux Trading Firm offers its traders two different programs to choose from:
- Two-step evaluation program
- One-step evaluation program
Two-step evaluation account
The Lux Trading Firm’s assessment program for accounts aims to identify proficient and consistent traders who will be recognized for their performance during a thorough two-phase evaluation period. Traders in this program have the opportunity to engage in leveraged trading up to a ratio of 1:10.
The first phase, known as the Evaluation stage, necessitates traders to attain a 6% profit target while adhering to a maximum loss limit of 5%. There is no specific time constraint for reaching the profit target during this stage, but traders must actively participate for a minimum of 29 calendar days (or 15 calendar days for swing traders) to progress to the second phase. Upon the successful completion of the Evaluation stage, traders become eligible for a 50% refund of their initial one-time fee.
The second phase, referred to as the Advanced stage, requires traders to achieve a 4% profit target while maintaining a maximum loss limit of 5%. Similar to the Evaluation stage, there are no specific time constraints for reaching the profit target. However, traders must achieve the target without any violations to advance to a live-funded account. Upon successful completion of the Advanced stage, traders become eligible for an additional 50% refund of their initial fee.
Successfully completing both the Evaluation and Advanced stages qualifies traders for a live funded account, also known as the Professional account. In this account, there are no profit target requirements for withdrawals; traders are only required to adhere to a maximum loss limit of 4%. The first payout from the live funded account is scheduled 30 calendar days after the initial position is placed, and traders receive a 75% profit split based on the profits generated in the funded account. Subsequent payouts are issued monthly, also with a 75% profit split based on the profits accumulated in the funded account.
Moreover, the two-step evaluation program accounts feature a scaling plan. Traders must attain a 10% profit target to advance to the next growth stage, with the maximum capital reaching $10,000,000.
The trading instruments available for the two-step evaluation program accounts include forex pairs, commodities, indices, bonds, and shares.
Two-step evaluation program account rules
- The profit target is a predetermined percentage of profit that must be achieved by a trader to successfully complete an evaluation phase, withdraw profits, or scale their trading account. In the evaluation stage, the profit target is set at 6%, while in the Advanced stage, it is set at 4%. Funded accounts do not have specific profit targets.
- Maximum loss refers to the maximum allowable loss that a trader can incur before their account is violated. Regardless of the account size, the maximum loss is limited to 5% (or 4% once funded).
- Minimum trading days indicate the minimum duration for which a trader must actively engage in trading before they can complete an evaluation phase or request a withdrawal. In the evaluation stage, there is a requirement of at least 29 trading days (15 calendar days for swing traders), while the Advanced stage does not impose any minimum trading day restrictions.
- The use of stop-loss orders is mandatory, necessitating traders to set a predetermined level at which their positions will be automatically closed to limit potential losses before they can initiate a trade.
- When considering the use of third-party expert advisors (EAs), it is important to be aware that these EAs may already be employed by other traders, thereby resulting in identical trading strategies. Consequently, utilizing a third-party EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Similarly, when utilizing third-party copy trading services, it should be recognized that other traders may already be employing the same trading strategy. Consequently, employing such services entails the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
- The account is restricted to trading only one segment, be it forex, commodities, or indices. Trading across all segments within a single account is not permitted.
One-step evaluation account
Lux Trading Firm offers a one-step evaluation challenge account, designed to identify consistent and disciplined traders who are rewarded for their reliability during a single evaluation phase. This account provides traders with a $1,000,000 balance and allows trading with a leverage ratio of 1:10.
To successfully complete the one-step evaluation challenge account, traders must achieve a profit target of 15% while adhering to a maximum loss limit of 5%. There is no time restriction on trading activities during the evaluation stage. However, a minimum trading duration of 29 calendar days (15 calendar days for swing traders) is required to advance to the next phase. Upon successful completion of the evaluation stage, traders will be granted a live-funded account.
Upon completion of the one-step evaluation challenge, traders will receive a funded account with a 10% profit target and a maximum loss limit of 4%. The initial profit split for traders will be 75%, based on the achieved 10% profit target during the unlimited trading period on the funded account.
Additionally, the one-step evaluation program includes a scaling plan. Traders must reach a profit target of 10% to scale their account to the next growth stage, with the potential to increase their capital up to a maximum of $10,000,000.
$1M One-step evaluation account scaling plan
Trading instruments for the one-step evaluation program accounts are forex pairs, commodities, indices, bonds, and shares.
One-step evaluation program account rule
- A profit target refers to a predetermined percentage of profit that must be achieved by a trader to successfully complete an evaluation phase, withdraw profits, or expand their trading account. During the evaluation stage, the profit target is set at 15%, while funded accounts have a profit target of 10%.
- Maximum loss denotes the maximum allowable loss that a trader can incur before their account is deemed violated. For all account sizes, the maximum loss threshold is 5% (reduced to 4% once an account is funded).
- Minimum trading days represent the minimum duration for which a trader must engage in trading activities before they can complete an evaluation phase or initiate a withdrawal request. During the evaluation stage, a minimum of 29 trading days is required (15 calendar days for swing traders).
- The requirement to set a stop-loss on every position before initiating a trade is referred to as the stop-loss required policy.
- Third-party EA risk arises when a trader intends to use an Expert Advisor (EA) developed by a third party. It is important to be aware that other traders may already be utilizing the same EA, thereby adopting an identical trading strategy. By utilizing a third-party EA, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- Third-party copy trading risk arises when a trader intends to use copy trading services provided by a third party. It is important to be aware that other traders may already be using the same copy trading service, thus adopting an identical trading strategy. By utilizing a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
- The restriction of trading to only one segment means that traders are limited to conducting trades exclusively in either the forex, commodities, or indices market segments on their account, rather than engaging in all segments simultaneously.
What makes Lux Trading Firm different
Lux Trading Firm distinguishes itself from other prominent proprietary trading companies by offering a one-of-a-kind two-step evaluation process and a one-step funding program with a substantial capital allocation of $1 million. Moreover, Lux Trading Firm extends the opportunity to its traders to access real funded accounts.
Unlike traditional proprietary trading firms, Lux Trading Firm’s distinctive two-step evaluation program utilizes a unique dual-phase assessment framework. Traders are required to successfully complete both phases to qualify for profit distributions. The initial phase necessitates achieving a 6% profit target, while the subsequent phase requires a 4% profit target, with a maximum allowable loss of 5%. During the evaluation stage, traders must also engage in a minimum of 29 calendar days of trading (or 15 calendar days for swing traders), with no minimum trading day requirement during the Advanced stage. Additionally, the two-step evaluation program incorporates a scaling plan.
Compared to other leading proprietary firms in the industry, Lux Trading Firm sets relatively modest profit targets and imposes no time restrictions on traders. What sets Lux Trading Firm apart from other proprietary firms is its unique one-step evaluation program, which consists of a single-phase evaluation. Traders must successfully complete this evaluation phase to become eligible for payouts. During this phase, traders are required to achieve a 15% profit target while adhering to a maximum loss limit of 5%. Additionally, a minimum trading duration of 29 calendar days (or 15 calendar days for swing traders) is mandatory during the Evaluation stage. It’s worth noting that the one-step evaluation program also incorporates a scaling plan, making it distinct from other prominent proprietary firms in the industry.
To further distinguish itself, Lux Trading Firm offers two distinct funding programs and grants traders access to real live funded accounts. Another noteworthy feature is the absence of maximum trading period limitations for both the Evaluation and Advanced stages, setting it apart from other leading proprietary firms in the industry.
In summary, Lux Trading Firm stands out from its industry peers due to its unique one-step evaluation program, diverse funding options, and the lack of time constraints for completing the Evaluation and Advanced stages.
Is getting capital realistic
When considering proprietary trading firms that align with your forex trading style, it’s essential to evaluate the practicality of their trading requirements. While it may initially appear enticing to encounter a company offering a high percentage profit split on a well-funded account, it’s crucial to assess the feasibility of meeting their monthly percentage gain targets while maintaining a low maximum drawdown percentage. Failing to meet these demanding criteria significantly reduces the likelihood of achieving success.
Opting for capital allocation through two-step evaluation programs is a sensible choice primarily due to their relatively modest profit targets (6% in the first phase and 5% in the second phase). Furthermore, these programs enforce a maximum overall loss limit of 5%. What’s more, they do not impose any time constraints, allowing traders to gradually accumulate profits without feeling pressured to expedite the process.
Similarly, obtaining capital through one-step evaluation programs remains a viable option, as they set a slightly above-average profit target of 15%, while still adhering to a maximum overall loss limit of 5%. Like the two-step programs, there are no time limitations imposed, giving traders the flexibility to accumulate profits at their own pace.
Taking all these factors into account, Lux Trading Firm stands out as an excellent choice for securing funding. The firm offers two distinct funding programs, both of which establish realistic trading objectives and payout conditions that traders can comfortably meet.
As for payment proof, Lux Trading Firm is a well-established proprietary firm incorporated on January 27, 2021. You can find evidence of payment verification in two Trustpilot reviews by Richard C. and Jack Pechler. Additionally, you can watch a video interview with Lux Trading Firm where Brandon, at 2:25 minutes into the video, attests to receiving his profit split within two days.
Which brokers does Lux Trading Firm use
Lux Trading Firm collaborates with After Prime, a dynamic brokerage firm deeply invested in the ever-evolving landscape of financial markets and cutting-edge trading technology. They embark on a mutually beneficial journey alongside their esteemed clients, boasting a highly skilled team comprising operational engineers, quantitative analysts, and software developers. After Prime operates behind the scenes, tirelessly working to provide global markets with unmatched speed and cost-effectiveness. Their overarching goal revolves around fostering accessible markets and empowering traders worldwide with state-of-the-art technology. Looking ahead, After Prime envisions ushering in a new era marked by decentralized financial products and markets.
Additionally, After Prime upholds a set of fundamental principles, including:
- Customer Priority: Placing the utmost emphasis on client satisfaction and well-being.
- Pursuit of Operational Excellence: Striving to maintain the highest standards of operational efficiency and proficiency.
- Embracing Collaboration: Encouraging a collaborative environment to achieve common goals through teamwork and synergy.
- Fostering Ownership: Instilling a sense of responsibility and accountability among all involved stakeholders.
They offer three trading platforms for traders to access and trade on MetaTrader 4.
Regarding trading instruments, Lux Trading Firm provides a wide range of options. Traders can engage in forex pair trading, trade commodities, indices, bonds, and shares.
Education and Support
Lux Trading Firm presents a variety of educational materials under the Trader Tools section on its website. These valuable resources are easily accessible through the provided link.
While Lux Trading Firm doesn’t maintain an official presence on ForexFactory, it has gained significant recognition and mentions in the ‘PROP FIRM HUB’ thread initiated by a user known as Mastermind.
Lux Trading Firm extends a complimentary trial option to its community, enabling them to become acquainted with the platform, trading guidelines, and the Lux Trading Firm trading experience.
They offer a modern dashboard for monitoring your trading progress, with an example of the dashboard provided above.
For a wealth of information, Lux Trading Firm offers an extensive FAQ page. If you require further assistance, their support team is reachable through their social media channels or via email at info@luxtradingfirm.com. Additionally, the company provides round-the-clock live chat support for immediate help. If you prefer direct communication, you can contact Lux Trading Firm by phone at +44 20 7193 9534.
Clients review
Lux Trading Firm has received outstanding reviews, thanks to their exceptional customer feedback.
Trustpilot hosts a diverse community of active members who consistently provide positive reviews, resulting in an impressive overall rating of 4.5 out of 5 based on 398 reviews. Additionally, their support team is renowned for its quick and reliable assistance, offering comprehensive information tailored to meet the specific needs of customers.
The majority of their community expresses satisfaction with the user-friendly design of their dashboard and the wealth of data it offers. This feature significantly enhances users’ experiences by eliminating the need for manual calculations of maximum relative drawdowns.
Furthermore, Trustpilot’s educational resources and meticulous rules and guidelines play a key role in enhancing customers’ risk management practices. By encouraging individuals to adhere to these standards, the platform promotes a more advantageous approach to risk management.
Social media stats
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.
Conclusion
In summary, Lux Trading Firm is a reputable proprietary trading company that offers traders the choice between two distinct funding programs: a unique two-step evaluation process and a $1 million one-step funding program.
The two-step evaluation programs entail a distinctive two-phase assessment procedure that traders must successfully complete in order to secure funding and qualify for profit sharing. To obtain funding, traders at Lux Trading Firm must meet profit targets of 6% in the first phase and 4% in the second phase. These targets are realistic and achievable trading goals, particularly when considering the 5% maximum loss requirement. The two-phase evaluation programs provide traders with the opportunity to earn profit shares of 75% and the potential to increase their account balance to $10,000,000.
Conversely, the one-step evaluation program comprises a single-phase evaluation process that traders must complete to secure funding and become eligible for profit sharing. Traders at Lux Trading Firm need to achieve a profit target of 15%, which remains a realistic trading objective when adhering to the 5% maximum loss rule.
This one-step evaluation program enables traders to earn profit shares of 75% and offers the potential to grow their account balance up to $10,000,000.
I would recommend Lux Trading Firm primarily to experienced traders who possess well-defined trading strategies and robust risk management approaches. The company has established clear and transparent rules, without imposing maximum time limitations, but it does require relatively high minimum trading day commitments. These elements suggest that Lux Trading Firm seeks to attract traders who are dedicated and consistent. After considering all aspects of what Lux Trading Firm provides, it can be regarded as an excellent choice for individuals looking to achieve steady and consistent profits, especially those with a well-established trading strategy.
