Lux Trading Firm is a prop firm which is well known for funding serious traders, Lux Trading Firm was founded in 2020 and it is based in Saint Lucia. Lux Trading Firm is also one the few firms which provide traders with trading desks and real money funding in funded stages. Lux Trading Firm is also not just a prop firm but also provides educational resources, live trading classes and 1-on-1 Private mentorship, Lux Trading Firm shines when it comes to their educational side as while they train traders to trade, they also provide salary to them so they do not have to be pressured by basic financial requirements and can focus on trading. Traders can get capital allocation up to $1000000 and after scaling the max scaled up allocation can go up to $10000000.

Challenge Details

There are 2 types of Evaluation Programs, A Standard Evaluation and an Elite Package.

Standard Evaluation.

Pricing:

$50,000: £299
$200,000: £599
$100,000: £1,499

Rules:

Profit Target(Phase 1): 6%
Profit Target(Phase 2): 4%
Profit Target(For $1m Account): 15%
Total Loss: 6%
Profit Share: 75%
Drawdown Type: Relative
Time Limit: Unlimited
Leverage: (1:30) For forex, Indices, Energies, and Metals, 1:5 on Equity CFDs and Cryptos
Max Lot Size: No limit
Payout Frequency: 30 days
Allows Copy Trading: No
Min Trading Days: 0 Days

Elite Package

Pricing:

$50,000: £1,699
$200,000: £2,399
$1,000,000: £3,699

Rules:

Profit Target(For $50k and $200k Account): 8%
Profit Target(For $1m Account): 15%
Total Loss: Not provided
Daily Loss: Not provided
Profit Share: 75%
Drawdown Type: Relative
Time Limit: Unlimited
Leverage: (1:30) For forex, Indices, Energies, and Metals, 1:5 on Equity CFDs and Cryptos
Max Lot Size: No limit
Payout Frequency: 14 days
Allows Copy Trading: Yes
Evaluation Min Trading Days: 0
Funded Min Trading Days: 0

Scaling Plan

There is no scaling plan available when trading with Lux Trading Firm.

News Trading Rule

News trading is allowed by Lux Trading Firm but traders must have to increase their stop-loss limit by 100%.

Other Important Rules :-

Daily Drawdown Calculation

There is no Daily Drawdown in any of the challenges, although the max drawdown is based on Hybrid Relative Drawdown which recalculates based on the highest equity a trader has in their account while also changing place based on a new highest balance.

Gambling Rules

Certain trading practices are deemed as gambling and are strictly forbidden:

One-Sided Bets
Martingale
All-in Trades

Forbidden Strategies

Several strategies are not allowed during both the Evaluation and Funded Phases, including:

High-Frequency Trading Bots
Latency Arbitrage
News Scalping
Reverse Hedging Between Different Accounts
Copy Trading

Payout Methods

Traders can choose between two payout methods:

Cryptocurrencies: Choose between USDC and Bitcoin.
Bank Transfer : Withdraw directly to your bank account traditionally.
Paypal : Receive payout via paypal.

Company Information

Nordin Debagh

Lux trading Firm