Lux Trading Firm Review

This Lux Trading Firm Review is here to outline everything they offer as a prop firm for funded traders. This company has an office in London established in January 2021 and a second office in Slovakia which was registered in February 2020. They offer several different types of accounts and we have acquired a discount code which you can find below. 

3.6/5
Lux Trading Firms Review

Advantages

  • Up to $2,500,000 in Capital
  • Only 6% profit target in evaluation
  • Weekend & overnight holding allowed
  • Free trail available

Disadvantages

  • Relatively low leverage of 1:10
  • 4% Maximum loss limit

How does This prop Firm Work?

Lux Trading Firm offers funded trading accounts which you must pass an evaluation in order to achieve. You can start with either a $5,000, $10,000 or $15,000 account all which you can scale (at different rates) to $2,500,000. They have a one phase evaluation in which the trader must adhere to their rules in order to pass.

In the evaluation phase you have a 6% profit target to reach and a maximum loss of 4% of your account size. You mostly have 10:1 leverage and upon passing your evaluation you receive a fee refund of your evaluation. Once you have your funded account you are rewarded with a 75/25 profit split on your Advanced account. The rules change here slightly as you now must achieve a 10% profit target in order to scale to the next level. Your max loss stays at 4% and you can continue to scale until the final stage of max account size. Your profit split does change once you achieve a $500,000 funded account to only a 50% for the trader.

It is worth noting that depending on the evaluation you purchase, the scaling options do differ slightly. With the $5,000 account you have 7 stages between your starting funds and $2,500,000. However with the $15,000 account you can reach maximum funding in only 5 stages.

How much Capital do they provide and what are their prices?

Lux Trading Firm is a proprietary firm that provides traders with funded accounts. They offer three different evaluation accounts which can all be scaled to $2,500,000. Their account sizes and costs are as follows:

$5,000 evaluation account £299
$10,000 evaluation account £399
$15,000 evaluation account £499

In April 2022 Lux Trading Firm are also opening the Elite Traders Package. This package boasts the ability to grow your account to that of a $10,000,000 Fund Manager. These account sizes and costs will be as follows.

$5,000 fund manager account £1,999
$10,000 fund manager account £2,499
$15,000 fund manager account £2,999

Are They legit?

Lux Trading Firm has been established for over a year now and have a growing presence on social media. They have Facebook, Instagram, Twitter and YouTube all with a large presence. They also have a Trustpilot account with over 260 reviews and have amassed an 86% excellency rating. With both the longevity of this funded prop firm and the publicly available information, Lux Trading Firm is legitimate.

What platform do they use?

Lux Trading Firm allows traders to trade on the industry standard platform MT4. They also use Trader Evolution and Trading View. Their partnered broker is Global Prime.

What markets can be traded?

Lux Trading Firm allows you to trade multiple instruments including forex, indices, commodities, stock, bonds, shares and CFDs.

Do They Trade Crypto?

Lux Trading Firm’s partnered broker is Global Prime. Their costs and spreads vary between $7 to $9.50 round-turn per lot, with their full prices listed on the website.

How much does the company charge as commission and spread?​

Unfortunately, Lux Trading Firm does not allow for trading cryptocurrencies.

What are Their Withdrawal Options?

Lux Trading Firm offers its withdrawals paid by Bank transfer through Wise. Their website states that profits are paid out during the week following the calculation of profits. Profits are calculated during the 1st weekend after the end of the month. This means the company allows withdrawals once per month.

Do they provide education and training?

Lux Trading Firm allows you to trade multiple instruments including forex, indices, commodities, stock, bonds, shares and CFDs.

Do they have Support and Contact options?

Lux Trading Firm has several means of contact for the trader. They operate a live chat in both English and Spanish that is open 24/7. There is also have a support email address and a telephone contact number both available on the website. They do also have an FAQ and a trading rules section which answers many queries traders may have.

What makes them unique?

Lux Trading Firm has a few unique differences than other prop firms available today. The first feature to talk about is that while they do not have a maximum trading period, they have a minimum limit. Lux asks that traders trade for at least 29 days at evaluation level and 49 days at the professional level. They also only have a 1 stage evaluation stage before you reach their professional stage. Lux Trading Firm also allows you to choose the platform in which you would like to trade once you have signed up.

Overall, Lux Trading Firm is a legitimate prop firm that offers a great opportunity for traders to receive a funded account. While some of their rules and stipulations are a little lower (or higher in some cases) than most firms available currently, they do offer some exciting opportunities with their new Elite package.

We have sourced a 5% discount for their programs. You can enter the coupon code RTF5OFFLTF at the checkout for money off your package.

If you want to find out more about Lux Trading Firm or sign up, you can do that here.