Lux Trading Firm is another one of the upcoming prop trading firms, trying to shake the order of things and revolutionize the way the industry is being played. They offer aggressive trading plans for traders at all levels, including beginners, intermediate traders, and experts. Huge instant funding is also available, to those traders with extreme confidence in their trading skills.

Company Overview

Lux Trading Firm tries to stand out with its unique business model. It allows funded traders the possibility to manage up to $10 million! Who else offers that? The firm doesn’t impose any time limits or pressure to make swift profits, instead, they encourage you to demonstrate responsible trading and risk management.

Contrary to many prop firms, Lux Trading Firm does not involve demo games. All live stages involve trading with real money. They adopt this authentic approach to ensure that traders are not misled or subjected to time pressure.

Trading Programs

Lux Trading Firm provides three aggressive programs to choose from: the standard Evaluation Program, the 1-Stage Evaluation, and the Elite Program, designed for traders with the ultimate confidence in their skills. 

Each of these programs offers a step-by-step progression through different stages, each with its own account size, profit targets, maximum loss limits, and profit-sharing schemes.

  1. Evaluation Program

The Evaluation Program has nine stages, beginning with an account size of $25,000 and growing to $10 million. You start with a demo account where you need to achieve a profit target of 6% without incurring more than 5% loss. Once you reach the third stage, the account becomes a live account, and you are eligible to keep 75% of your profits.

This program requires a one-time payment that starts at £149 for the $25,000 evaluation. This fee is refunded in two stages – 50% after stage 1 and 50% after stage 2. Traders can also opt for a free trial before they start the evaluation.

  1. $1,000,000 1-Stage Evaluation

This program is the fast track to the ultimate funded trading account. It starts with a demo account of $1,000,000 with a profit target of $150,000 and a maximum loss of $50,000. Once you prove your trading skills, the account switches to live, and you keep 75% of the profits. The program requires a one-time payment of £1,499.

  1. Elite Program

Designed for elite traders as the program is named, the Elite Program provides access to up to an unprecedented $10 million+ capital to trade. It offers education, mentorship, daily market analysis, livestreams, workshops, and more. 

The program starts at £1,399 for $25,000 initial funding, and goes up to £2,399 for $200,000. The program includes four one-on-one meetings, daily live trading rooms, exclusive workshops, and a host of educational videos. They also offer a risk desk manager.

Trading Platforms

Currently, Lux Trading Firm only uses MetaTrader 4 (MT4). However, they have announced plans to release additional platforms, the Lux Trader and Lux MetaTrader 5, in the coming months.

Costs and Profit Sharing

The costs for the programs at Lux Trading Firm are one-time fees, ranging from £149 for the $25,000 Evaluation Program to £2,399 for the Elite Program with $200,000 initial funding. However, the firm offers refunds on these fees after the successful completion of the early stages of the programs.

In terms of profit sharing, you keep 75% of your profits in the live stages of all programs. 

Additional Support

Lux Trading Firm provides educational resources to assist traders in their progression. They have an array of resources such as one-on-one meetings, daily live trading rooms, exclusive workshops, and a risk desk manager. In partnership with Knoma, they even offer UK residents the chance to pay for their Elite Package in parts, making it more affordable.

Summing it all up, Lux Trading Firm has designed an impressive program for traders seeking to elevate their trading skills and achieve financial growth. The firm’s thoughtful approach to trader development, risk management, and support structures make it an excellent choice for those serious about trading. Their expansive program offerings cater to all trader levels, ensuring everyone has a chance to succeed with the Lux Trading Firm.

Quick Details for Lux Trading Firm

Program Cost Available Funding Profit Sharing Maximum Drawdown Evaluation Duration Profit Targets Money Back Guarantee Other Trading Rules
Evaluation Program £149 – £599 $25,000 – $200,000 75% (from 3rd stage onwards) 5% in demo stage, varies in live stages No time limits 6% in demo stage, varies in live stages 50% refund after stage 1 and 2 Progress through 9 stages
$1,000,000 1-Stage Evaluation £1,499 $1,000,000 75% (from 2nd stage onwards) $50,000 in demo stage, varies in live stages No time limits $150,000 in demo stage, varies in live stages Not specified Progress through 4 stages
Elite Program £1,399 – £2,399 (Standard) £3,699 (1 Million Evaluation) $25,000 – $200,000 (Standard) $1,000,000 (1 Million Evaluation) 75% (from 2nd stage onwards) Varies per stage No time limits Varies per stage Not specified Progress through 8 stages, includes exclusive workshops, meetings, live trading room, risk desk manager

Remember to contact Lux Trading Firm directly for the most accurate, current, and detailed information, as some aspects of the program could change over time.

What are the Experiences of Other Traders?

On Trustpilot, the firm holds a 4.4 score from a total of 471 reviews, with many highlighting the value of the Elite Package. Traders have positively mentioned their experience with the firm’s unique one-on-one meetings with mentors and exceptional support provided throughout their trading venture.

However, being a relatively new firm in the trading market has brought its own challenges. The relative novelty of the firm has made some traders hesitant to engage with them, potentially due to uncertainty about their longevity or reputation. This is a common concern among traders when it comes to newer entities in the market.

Still, the company’s proprietary trading signals have received significant praise. These signals, based on the firm’s unique trading algorithms, are highlighted as one of the main reasons traders choose Lux Trading Firm over other funded trader programs.

In comparison to other funded trader programs, Lux Trading Firm seems to have made a significant impression in a short time. While there are some doubts and hesitations, the overall sentiment leans positively, particularly when it comes to the firm’s proprietary trading signals and the value-add provided by the Elite Package.

The Lux Trading Firm has gained traction in the trading community with its unique offerings, fair evaluation process, and dedicated customer support. The concerns raised, while should not be dismissed, represent a fraction of the overall feedback. However, like any firm in this sector, ongoing scrutiny and continuous improvement in its offerings will be essential in maintaining and improving its reputation.

247trading Final Impressions on Lux Trading Firm

It is clear that the Lux Trading Firm is making their presence felt, despite them being relatively new. In particular, their Elite Package and high-quality trading signals stand out as unique advantages that traders can take advantage of.

The clear progression of stages, the defined profit targets, and maximum drawdown, as well as the readily available funding at different stages, showcase an open approach to engaging traders, which is a fresh perspective compared to others in the market.

However, no trading firm is without its drawbacks. Concerns around Lux Trading Firm’s reviews’ legitimacy and the firm’s newness have raised questions among some traders. But given the overall positive feedback and high Trustpilot rating, these concerns do not seem to outweigh the firm’s benefits.

In terms of how it compares to other funded trader programs, Lux Trading Firm’s standout feature is the high level of support offered to traders. The personalized mentorship, daily live trading room, and comprehensive workshops, are something not commonly provided by other firms.

When considering whether I would recommend Lux Trading Firm, it is crucial to remember that success in trading is highly dependent on individual skill and strategy. Nevertheless, Lux Trading Firm provides a supportive and transparent platform for traders to leverage, which can potentially enhance their trading experience and results.

Overall, the Lux Trading Firm presents a compelling offering that appears to be a solid choice for traders looking for a transparent, supportive, and progressive trading environment. The firm seems worth considering for those willing to navigate the ever-fluctuating trading landscape with a potentially powerful partner by their side. However, as always in trading, due diligence is advised, and potential traders should research thoroughly before making a decision.