Lux Trading Firm Review
Lux Trading Firm Ltd, a proprietary trading firm, was established on January 27, 2021. Based in London, UK, and Dubai, United Arab Emirates, the firm offers traders the choice of two account types: a one-step evaluation or a two-step evaluation. Lux Trading Firm is in partnership with Ox Securities, which acts as their broker.
- Platforms for Prop Trading: MetaTrader 5
- Two Distinctive Funding Options
- Complimentary Trial Period
- Advanced Trader Dashboard
- Strategic Growth Plan
- Profit Sharing at 75%
- Permission for Overnight and Weekend Positions
- Approval for Trading During News Events
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Lux Trading Firm Programs
Lux Trading Firm empowers traders to achieve higher earnings by handling substantial capital amounts. Participants can potentially secure sizable returns by managing accounts with limits up to $1,000,000, while benefiting from a 75% share of the profits. Traders have the flexibility to engage with a diverse range of financial instruments, such as forex pairs, commodities, and indices. Let us describe the funding programs and Lux Trading Firm rules in more detail:
Two-step Evaluation Lux Trading Firm Program
Lux Trading Firm rules:
- Profit Target: To successfully pass an evaluation phase, withdraw earnings, or scale their trading account, traders must meet a set profit percentage. The target for Phase 1 is 6%, while Phase 2 requires a 4% profit target. Funded accounts are not subject to specific profit targets.
- Maximum Trailing Loss: This is defined by the difference between the peak account balance and the lowest point of a drawdown. Traders are allowed a maximum trailing loss of 6% across all account sizes without violating account terms.
- Minimum Trading Days: Traders must meet a minimum number of trading days to complete an evaluation phase successfully. Phase 1 requires trading for a minimum of 29 days (or 15 calendar days for swing traders), whereas Phase 2 does not specify a minimum number of trading days.
- Stop-loss Requirement: It is mandatory for traders to set a stop-loss on each position before initiating any trade.
- No Martingale Strategy: The use of any martingale strategies is strictly prohibited during trading activities.
- One Segment of Trading: Traders are restricted to trading only one type of trading instrument per account. This means they can choose to trade exclusively Forex, Commodities, or Indices.
Participation cost:
- $50,000 - £299
- $200,000 - £599
Lux Trading Firm's Two-step Evaluation process offers traders the chance to handle accounts ranging from $50,000 to $200,000, aiming to spotlight disciplined, profitable traders who can adeptly manage risk. The program begins with a one-step evaluation, allowing up to 1:30 leverage.
- Phase One of the evaluation requires traders to achieve a 6% profit target without exceeding a 6% maximum trailing loss. There are no maximum trading day limits in this phase, but a minimum of 29 trading days (or 15 calendar days for swing traders) is necessary to advance to the next phase. Successfully completing this phase entitles traders to a 50% refund of their initial one-time fee.
- Phase Two continues with a slightly adjusted target, where traders must hit a 4% profit target and stay within a 5% maximum trailing loss. This phase does not impose minimum or maximum trading day requirements; reaching the profit target without violating the trailing loss limit suffices for advancement to a funded account. Completion of this phase also grants an additional 50% refund of the initial fee.
Upon successful completion of both phases, traders are awarded a funded account with no minimum withdrawal stipulations, though the 6% maximum trailing loss rule still applies. The first payout is scheduled 30 days from the initiation of the first trade in the funded account, with subsequent monthly withdrawals permissible. Profits earned on the funded account are split, with the trader receiving 75%.
The Two-step Evaluation at Lux Trading Firm includes a scaling plan that rewards successful trading. If a trader achieves a 10% profit target, they have the opportunity to scale up to the next available account size. Importantly, traders who opt to scale their account will not be required to forfeit any of their profits. This feature allows traders to expand their capital base while retaining the full benefits of their successful trading strategies.
One-step Evaluation Lux Trading Firm Program
Lux Trading Firm rules:
- Profit Target: Traders are required to reach a designated profit percentage of 15% to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. Once funded, there are no specified profit targets for accounts.
- Maximum Trailing Loss: The maximum trailing loss, calculated as the difference between the highest account balance achieved and the lowest point of the drawdown, is capped at 6% for all account sizes. This limit ensures traders do not breach the account terms.
- Minimum Trading Days: To conclude an evaluation phase successfully, traders must engage in trading for at least 29 trading days, or 15 calendar days for those identified as swing traders.
- Stop-loss Requirement: It is compulsory for traders to set a stop-loss on each position before initiating a trade to manage risk effectively.
- No Martingale Strategy: The use of martingale strategies, which involve doubling down on losing bets to recover losses, is strictly forbidden during trading activities.
- One Segment of Trading: Traders are restricted to operating within a single segment of trading instruments. This means an account can be designated for trading exclusively in Forex, Commodities, or Indices, depending on the trader's preference or expertise.
Participation cost:
- $1,000,000 - £1,499
Lux Trading Firm’s One-step Evaluation offers traders the chance to manage substantial account sizes up to $1,000,000, with the goal of identifying disciplined and profitable traders who can adeptly manage risk. This evaluation allows trading with leverage up to 1:30.
During the evaluation, traders need to achieve a 15% profit target while adhering to a 6% maximum trailing loss limit. There are no maximum trading day requirements for this phase, but traders must complete a minimum of 29 trading days, or 15 calendar days for swing traders, to advance to a funded status.
Successfully completing the evaluation phase grants traders a funded account with no minimum withdrawal limits. Traders are required to maintain compliance with the 6% maximum trailing loss rule. The first payout is scheduled for 30 calendar days after the initial trade is placed on the funded account, with subsequent withdrawals possible on a monthly basis. Profits are shared at a rate of 75%, based on the earnings accrued in the funded account.
The One-step Evaluation at Lux Trading Firm includes a scaling plan designed to foster trader growth. If a trader reaches a 10% profit target, they have the opportunity to scale their account to the next available size. Importantly, choosing to scale the account does not require the forfeiture of any accumulated profits. This feature encourages traders to aim for higher profit thresholds while allowing them to retain the full benefits of their successful trading strategies.
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Lux Trading Firm Review and Our opinion about this Prop Firm
In summary, Lux Trading Firm is a well-regarded and credible proprietary trading firm that offers two tailored funding programs: the Two-step Evaluation and the One-step Evaluation.
- The Two-step Evaluation is a rigorous process requiring traders to complete two distinct phases to qualify for managing a funded account and securing 75% profit shares. The first phase sets a profit target of 6%, while the second phase requires a 4% profit target. These targets are accompanied by a 6% maximum trailing loss rule. There are no maximum trading day requirements for either phase, but traders must complete at least 29 calendar days of trading (or 15 for swing traders) in the first phase, with no minimum days in the second phase. Additionally, a scaling plan is in place, allowing traders to increase their account size upon meeting specific criteria.
- Conversely, the One-step Evaluation involves a single comprehensive phase where traders must achieve a 15% profit target to manage a funded account and earn 75% of the profits. This target also adheres to the same 6% maximum trailing loss rule. While there are no maximum trading days required, traders must engage in at least 29 calendar days of trading (or 15 for swing traders). The One-step Evaluation similarly includes a scaling plan for account growth.
Lux Trading Firm is an excellent option for individuals seeking a reputable trading firm that offers flexible conditions suited to various trading styles. The firm provides unique advantages such as an unlimited trading period, no minimum trading day requirements for the second phase of the Two-step Evaluation, a potential scaling plan up to $10,000,000, and account sizes reaching $1,000,000 in the One-step Evaluation. For traders with a robust strategy seeking to generate consistent profits, Lux Trading Firm represents a top-tier choice.
