Lux Trading Firm is a prop trading firm located in the UK.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Lux Trading Firm.
Here’s what you’re going to learn:
Lux Trading Firm is a prop firm located in London, UK. It was founded in 2020 so it already has some experience funding traders.
Lux Trading Firm is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
Lux Trading Firm funds traders with account balances that go from $50,000 up to $1,000,000. These accounts can be scaled up to $10,000,000 as you keep having good results trading.
To get access to a funded account you need to pass a 2-phase evaluation process in the case of the $50k and $200k accounts, and a 1-phase evaluation process if you’re applying for the $1,000,000 account.
The prices of the products are different according to the account size that you are applying to. The prices of the smaller funded account start at £299 and go up to £1499 for the bigger account.
The leverage provided by the prop firm depends on the symbol that you are trading. Here’s the list of leverage by symbol:
The profit split is 75% for all programs.
There are other prop firms with higher payouts, but we can say that this is pretty much the industry standard.
According to Trustpilot, Lux Trading Firm is classified as excellent. It’s scoring 4.5/5.0 after 409 reviews from users.
To pass the evaluation and get funded with a professional account you need to pass 2 stages. In these stages, you must achieve a minimum profit without exceeding a maximum loss.
Here are all the details:
When you’re applying to the $1,000,000 special account, the evaluation process is shorter. Here you only have 1 single phase to pass.
In this stage, you must achieve a minimum profit without exceeding a maximum loss.
Here are all the details:
If you like to use EAs to trade, Lux Trading Firm is a great prop firm for you. They allow EAs although it must be your own EA. EAs developed by third parties are prohibited.
Lux Trading Firm offers a 7-day free trial. Please use the link below to get it.
Lux Trading Firm doesn’t provide free repeats.
Lux Trading Firm gives you access to the most popular trading platforms used by Forex brokers.
You can use:
Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want according to your own trading style.
The same applies to holding trades over the weekend. Just be careful with daily and weekend gaps.
There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Yes, Lux Trading Firm is a legit company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
Here’s the list of the best Lux Trading Firm alternatives:
For more alternatives check our alternative prop firm tool:
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