Introduction

If you are studying prop trading firms and are serious about developing your trading skills into a career, then you may want to look into Lux Trading Firm. In this review, we will discuss what makes Lux an interesting prop firm, its main features, pros and cons and everything else that you should know before you take funding. By getting to know the funding program, account structure, trader tools and rules, you can assess whether or not this prop firm will be the right fit for your needs as a trader. 
 

What is Lux Trading Firm?  

Lux Trading Firm is a prop firm that allows traders access to real capital and does not just use demo accounts. According to their website, they want traders of all skill levels - beginner, intermediate, or experienced - to be funded as professional traders with a huge amount of capital. They also offer "REAL Funding! REAL Liquidity!

Core Funding Program

A major differentiator is the “single-stage evaluation" model. Many companies will have multi-stage challenges whereas with Lux, there is only one challenge stage before getting a funded account. 

• Funded account sizes available up to $1,000,000 (with indications to scale higher).
• Target profit split depending on account size (the ranges for 10%, 12% or 15%).
• Maximum loss rate (i.e. 6%) during the evaluation phase.
• No minimum requirement per trading day (for some plans) and unlimited duration in some cases.
• Good profit split once funded (Ex: ≈ 75% or guaranteed up to 80%).

Key Features & Benefits

The company has several characteristics that set it apart from Lux Trading Firm and may be enticing to a serious trader:

• Trade any asset class: Forex, commodities, indices, stocks, cryptocurrencies, etc. They support all asset classes, maximizing instrument flexibility and therefore the range of strategies available for trading.
• Trader dashboard & tools: The firm presents a thorough trader dashboard with all metrics and will employ many commonly-used platforms (e.g. MetaTrader 4/MT5, Match-Trader) plus their prop matching.
• Scalability: The firm offers a scaling plan - meaning, as you prove you can make money consistently, you can continue to get access to larger and larger capital, significantly past the funded account originally provided.
• Real funding, real liquidity: According to their website, they state they are partnered with “REAL Liquidity Provider, FX Edge” and that the funds you trade in the challenge are actually a real amount and not simulated.
• Global presence & multi-currency methods: They operate globally (UK, St Lucia, Dubai, etc.) and accept modern payment/withdrawal methods, including cryptocurrencies, as reported by all three review sites.
• No time-pressure: Some plans give untimed options for the challenge, i.e. you won't have to rush your trading and can focus on the quality of your trading as opposed to just moving through all of the challenges quickly.

How it works: Step by Step

• Registration / Selecting account size: You choose a challenge account size based on what you are comfortable with in terms of strategy and risk.
• Evaluation phase: You will trade under limited rules (aimed profit target, maximum allowable drawdown, allowed instruments, trading style conditions).
• Pass evaluation: When you achieve the target and trade within the rules, you now become a funded trader.
• Funded account & profit share: Now, as a funded trader, you will trade real capital and receive a decent profit split (your share) and may also scale up over time.

• Withdrawals: You will be able to start requesting profit withdrawals following certain available rules (minimum active days, etc.) as stated in the funded account rules.

  

Things to Consider

While Lux Trading Firm has a lot of positive aspects, here are some areas you should look over with a fine-tooth comb: 

• Evaluation Fee - Like many other prop firms, there is an evaluation fee to initiate the challenge. Ensure this is within your budget and trading/risk/reward parameters.
• Strict Trading Rules - Prop trading firms typically have strict trading/risk rules (i.e. no overnight positions in situations, do not martingale, consistency requirements, etc.). There have been issues reported by other trader users.
• Withdrawals and timing - Per reviews, payouts can be monthly and the trader must be a criteria trader to get paid.
• Max Maximum Drawdown and profit target - While the targets seem fairly acceptable, they will still require skill and discipline in their achievement. The fact that there is a maximum loss requirement means there is responsibility for risk management.
• Not a broker - They promote that they are not a broker and do not take deposits. They are a funder/proprietary trader.
• Due diligence - As with any financial opportunity, read the terms and conditions thoroughly, verify validity, understand the restrictions, and make sure it aligns with your trading strategy and risk tolerance.

Conclusion

Lux Trading Firm provides a viable option for traders wanting legitimate funding, a variety of trading options and professional development. It is a good fit for traders who have discipline, a track record of evidence and are prepared to represent their abilities in a responsible manner, with a step-top evaluated funding scheme, generous profit splits and scalable funding accounts.
 

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