Are you tired of the limitations and restrictions holding you back from reaching your full potential as a trader?

Lux Trading Firm has carved out a niche for itself, offering traders a platform to leverage their skills with significant capital backing. Based in the bustling heart of London, UK, Lux Trading Alternatives has become a beacon for both seasoned and novice traders alike, thanks to its rigorous evaluation process, generous profit splits, and unwavering commitment to trader development.

However, as the trading landscape evolves, the quest for the perfect trading partner doesn't stop at Lux. The market is brimming with alternatives that promise even more enticing opportunities, each with its unique blend of features, profit-sharing models, and trading environments.

If you’re looking for alternatives, look no further than the top 11 elite alternatives to Lux Trading Firm. With the prop trading industry exploding in popularity, boasting a staggering $203 billion market size in 2021 and projected to reach $472 billion by 2027, now is the time to explore your options and find the firm that best aligns with your trading style and goals.

Lux Trading Firm Overview

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Nestled in the heart of London's financial district, Lux Trading Firm stands as a beacon for traders worldwide, offering a platform that combines transparency, a reasonable entry threshold, and a plethora of trading instruments. Known for its official and transparent operations, Lux caters to traders of all levels with its comprehensive educational resources and robust support system.

However, it's not without its caveats. The firm places restrictions on the use of Expert Advisors (EAs) and has specific criteria for the evaluation of demo accounts, which might not suit all trading styles.

With a focus on risk management, Lux imposes a maximum relative drawdown limit and requires traders to meet a minimum number of active trading days, adding a layer of discipline to the trading experience. Despite these measures, the firm's scaling plan is generous, offering traders the opportunity to double their account size upon hitting a 10% profit target, up to a cap of $2.5 million.

Why do we Need Lux Trading Alternatives?

While Lux Trading Firm offers a solid foundation for traders, the quest for the perfect trading partner doesn't end here. The trading world is vast and varied, and what works for one trader might not work for another.

Whether it's the search for higher profit splits, more lenient evaluation criteria, or a platform that embraces the use of Expert Advisors, exploring alternatives is a crucial step in finding a prop firm that aligns with your trading goals and strategies.

In this ever-evolving market, staying informed about the diverse options available can open doors to new opportunities, potentially leading to more rewarding trading experiences. Let's dive into the world of alternatives and discover what other treasures lie beyond the realm of Lux Trading Alternatives.

Selecting the Cream of the Crop- Criteria for the Best Lux Trading Alternatives

When it comes to finding the best alternatives to Lux Trading Alternatives, there are several key criteria that savvy traders should consider to ensure they align with their trading goals and style. Here's a breakdown of the main factors:

  1. Profit Split: The percentage of profits you retain is crucial. Look for firms offering competitive profit splits, which can go as high as 90%, ensuring you get a fair share of the earnings from your trading prowess(at least 50%).
  2. Cost: Evaluate the cost of participating in a prop firm's program. This includes any registration, evaluation, or monthly fees. Some firms offer refundable fees upon successful completion of evaluation programs, which can be a significant advantage.
  3. Maximum Balance: The cap on the trading balance provided by the firm can impact your earning potential. Firms may offer different levels of maximum balance, with some going up to $2,500,000 or more, allowing for greater financial leverage and growth opportunities.
  4. Rating and Reviews: A firm's reputation is often reflected in its ratings and reviews by other traders. Trustpilot ratings and user testimonials can provide insights into the firm's reliability and the satisfaction of its traders.
  5. Educational Resources and Support: The availability of educational materials, mentoring, and support structures can be pivotal, especially for less experienced traders. These resources can help in honing your trading skills and strategies.
  6. Trading Instruments and Platforms: A diverse range of trading instruments, such as Forex, indices, metals, commodities, and cryptocurrencies, as well as access to various trading platforms, can enhance your trading experience and allow for a more tailored approach.
  7. Restrictions and Considerations: Be aware of any restrictions on trading styles, such as scalping or the use of Expert Advisors (EAs). Some firms may have more lenient rules, which could better suit your trading strategy.

By carefully considering these criteria, you can select a prop trading firm that not only matches your trading style but also maximizes your potential for success and profit in the competitive world of trading.

List of 11 Best Lux Trading Alternatives

Prop FirmMax BalanceProfit SplitPlatforms
The Funded Trader$600,000Up to 90%cTrader, DXtrade
Skilled Funded Trader$2,000,00080%MetaTrader 4/5
Fidelcrest$2,000,000Up to 80%MetaTrader 4
Funded Trading Plus$200,00080%TradeLocker
Topstep$150,00090%TSTrader, NinjaTrader, TradingView, and more
The Trading Pit$5,000,000Up to 80%MetaTrader 4/5, cTrader
FunderPro$200,00080%TradeLocker
the5ers$2,000,000Up to 85%MetaTrader 4/5, cTrader
Toptier Trader$200,000Up to 90%MetaTrader 4/5
Apex Trader Funding$300,00090%NinjaTrader, TradingView, and more
UltraCap Trading$400,000Up to 90%MetaTrader 4/5

1. The Funded Trader

The Funded Traders

If you are on the hunt for a prop firm that not only matches but potentially exceeds the offerings of Lux Trading Alternatives, look no further than The Funded Trader. This prop firm has been making waves in the trading community, and for good reason. Let's dive into what makes The Funded Trader stand out as the top alternative.

The Funded Trader is a proprietary trading firm that offers traders the opportunity to trade with substantial capital, without the need for personal funds. Founded in 2017 and headquartered in New York, USA, the firm has quickly gained a reputation for its innovative approach and trader-friendly policies

First off, The Funded Trader boasts a generous profit split of up to 90%, putting a significant portion of the trading profits right back into your pocket. When it comes to costs, The Funded Trader offers a range of account sizes, starting from $50,000 and scaling up to $1,000,000. The entry fee is reasonable, with prices ranging from $199 to $599, depending on the account size. What's more, the firm offers a unique “pay-as-you-go” model, where traders only pay a monthly fee once they're funded, eliminating the need for upfront costs

But that's not all – The Funded Trader offers a max balance that's sure to catch your eye, with the potential to trade with substantial capital. And when it comes to platforms, they've got you covered with a plethora of choices including TSTrader, NinjaTrader, Quantower, and many more, catering to all your trading preferences.

Now, let's talk about what other traders are saying. Over on Trustpilot, The Funded Trader has garnered a solid 4.1 out of 5 stars rating, with many users expressing gratitude and support for the firm's approach. Traders are vocal about their positive experiences, highlighting the firm's commitment to their success and the excellent customer service they've received.

The Funded Trader- The Key Features

  1. Additional Drawdown Add-on: The Funded Trader offers an optional add-on that allows traders to increase their account's maximum drawdown limit, providing more flexibility in their trading strategies.
  2. 14 Days to First Payout: Traders who successfully complete the evaluation process can receive their first payout within just 14 days, one of the fastest payout timelines in the industry.
  3. EAs and Trade Copiers Add-on: The Funded Trader allows the use of Expert Advisors (EAs) and trade copying services through an optional add-on, catering to traders who prefer automated or social trading strategies.
  4. Unlimited Simulated Trading Days: Unlike some other prop firms that limit the number of trading days, The Funded Trader provides unlimited simulated trading days, allowing traders ample time to prove their skills and consistency.
  5. Performance Metrics: The platform offers a range of performance metrics that help traders evaluate their trading strategies and identify areas for improvement. These metrics enable traders to refine their approaches and optimize their performance.
  6. Balance-Based Drawdown: The Funded Trader utilizes a balance-based drawdown system, which means that the maximum drawdown limit is calculated as a percentage of the account balance. This approach allows for the compounding of profits and provides more leeway as the account grows

The Funded Trader- Pros and Cons

Pros

  • Access to large trading capital
  • Keep up to 90% of profits
  • Limited risk since you're not using your own money
  • Supportive trading community and educational resources
  • Available worldwide regardless of location

Cons

  • Must pass a trading challenge to get funded
  • Limited to mostly forex trading instruments

In summary, The Funded Trader ticks all the boxes: competitive profit splits, reasonable costs, substantial capital for trading, a wide range of platforms, and glowing user reviews. It's a prop firm that's not just a Lux Trading Firm alternative but a serious contender for your go-to trading partner. So, why not give it a shot and see if it's the right fit for your trading journey?

2. Skilled Funded Trader

Skilled Funded Trader

Skilled Funded Traders emerges as a strong contender as an alternative to Lux Trading Alternatives, offering experienced traders a pathway to managing substantial capital through a structured evaluation process and scaling plan.

Skilled Funded Traders is a proprietary trading firm that provides experienced traders with the opportunity to remotely manage funds after successfully completing a 2-stage evaluation process. Traders can retain 80% of the virtual profits they generate, with the firm covering any virtual losses incurred.

The platform offers funding options with transparent costs and evaluation criteria. Traders can choose from various account types based on their trading preferences and risk tolerance levels. Skilled Funded Traders allows traders to hold active funded accounts with starting balances from $5,000 up to $300,000. Additionally, traders have the option to merge funded accounts provided they have balances equal to their respective starting amounts.

Traders at Skilled Funded Traders can utilize the ThinkMarkets simulated trading platform for executing trades across various instruments such as forex, commodities, indices, and cryptocurrencies. The platform's pricing structure is designed to be accessible and transparent for traders.

On Trustpilot, Skilled Funded Traders has received positive feedback from users, boasting an impressive overall score of 4.4 out of 5 from 1,124 reviews. Users appreciate the platform's focus on education, risk management tools, and a supportive community that fosters trader success.

Skilled Funded Traders- The Key Features

  • Flexible Funding Plans: Skilled Funded Traders offers custom funding plans tailored to various trading styles, whether traders are scalpers, day traders, swing traders, or long-term investors.
  • Top-Notch Learning and Mentoring Programs: The platform emphasizes education and skill development, offering extensive learning programs covering technical analysis, risk management, and more. Additionally, traders benefit from mentoring by seasoned professionals.
  • Performance-Based Payouts: Traders are rewarded based on their performance metrics, encouraging consistent profitability over time.
  • Real Market Conditions: Skilled Funded Traders provides a simulated trading environment that mirrors real market conditions, preparing traders for live trading scenarios

Skilled Funded Traders- Pros and Cons

Pros

  • Flexible funding plans tailored to various trading styles
  • Retain 80% of virtual profits with covered virtual losses
  • Supportive customer service with quick issue resolution
  • Transparent and flexible evaluation process with no minimum trading days
  • Emphasis on education, risk management, and mentoring programs

Cons

  • Limited availability in certain countries
  • Limited leverage options for certain account types

In conclusion, Skilled Funded Trader stands out as a solid solution for traders looking to excel in the trading world. With its emphasis on education, risk management, flexible funding options, and a supportive community, it offers traders the tools and confidence needed to navigate the complexities of trading successfully.

3. Fidelcrest

Fidelcrest

Fidelcrest emerges as a top-tier alternative to Lux Trading Alternatives offering traders a transparent and highly rated prop trading experience with a profit split ranging between 80% and 90%. This prop trading firm is known for its transparency and competitive profit split percentages, positioning it as a leading player in the industry. The firm caters to traders of all types and strategies, allowing for algorithmic trading and manual copy trading. While information about its management team is not readily available, Fidelcrest's overall reputation places it among the most competitive and transparent prop trading firms.

Fidelcrest offers a transparent evaluation process with a minimum evaluation fee starting at €149. Traders can pay this fee using various methods such as bank wires, credit/debit cards, Skrill, Neteller, and PayPal. Withdrawal methods for the profit share include PayPal but exclude credit/debit cards.

The firm allows traders to hold active funded accounts with starting balances from $15,000 up to $200,000. Additionally, traders have the option to merge funded accounts provided they have balances equal to their respective starting amounts.

Traders at Fidelcrest can utilize popular platforms like MT4, MT5, cTrader, and proprietary platforms for executing trades across various instruments. The platform's pricing structure is designed to be accessible and transparent for traders.

On Trustpilot, Fidelcrest has garnered “Excellent” feedback from users giving it 4.4 stars out of 5, with many highlighting the excellent customer service provided by many individuals. This positive sentiment reflects the firm's commitment to supporting its traders effectively.

Fidelcrest- The Key Features

  • Tailored Funding Plans: With 13 different accounts based on experience, risk appetite, and capital requirements, traders can find an account that suits their needs. The scaling program also offers successful traders the opportunity to double their initial capital.
  • Flexible Trading Options: Fidelcrest provides access to seven brokers and over 1,000 financial instruments, allowing traders to trade assets they are comfortable with on platforms that align with their strategies.
  • Risk Management: By investing the firm's funds, traders can take larger positions without risking their own capital, enhancing their trading opportunities.
  • Profit Sharing: Fidelcrest offers traders a profit share of up to 80%, which is higher than many competitors in the prop trading space.
  • Customer Support: The firm's customer support team is responsive and highly rated, providing traders with quick assistance when needed

Fidelcrest- Pros and Cons

Pros

  • Highest profit splits in the industry (80-90%)
  • Rapid funding options with accounts up to $1 million
  • Offers a variety of tradable assets including crypto pairs
  • Reasonable trading objectives with minimal restrictions
  • Positive customer reviews highlighting excellent support like Juan

Cons

  • Some concerns about payout delays reported by users
  • Limited availability for traders who take excessive risks on 2

In conclusion, Fidelcrest stands out as a reputable and competitive prop trading firm that offers traders a transparent and rewarding trading environment. With its flexible funding plans, high-profit splits, diverse trading options, and responsive customer support, Fidelcrest is a compelling choice for traders serious about prop trading.

4. Funded Trading Plus

Funded Trading Plus

Funded Trading Plus stands out as a top-tier alternative to Lux Trading Firm, offering traders a unique and supportive prop trading experience with a profit split percentage of up to 90%. It is not just a funded trading firm; it positions itself as a partner in traders' success. Under the leadership of CEO Simon Massey, the firm provides traders with simulated live conditions where their capital is not at risk.

Traders are only liable for the cost of the program, ensuring a low-risk environment for skill development and trading proficiency. Funded Trading Plus maintains ample liquid fiat reserves to facilitate real-world withdrawals of simulated profits within specified timeframes.

The only fee traders incur at Funded Trading Plus is the cost of the program (starting from $119), making it a transparent and cost-effective option for traders looking to access funded trading capital. Funded Trading Plus provides traders with account sizes ranging from $5,000 up to $200,000, which can be scaled up to $2,500,000 based on trading performance. Traders have the flexibility to choose between a one-phase or two-phase evaluation process for accessing funded accounts.

According to Trustpilot, Funded Trading Plus has received excellent ratings with a remarkable score of 4.8 out of 5 based on 2,057 user reviews. Customers praise the outstanding customer service provided by the firm and highlight its commitment to trader success.

Funded Trading Plus- The Key Features

  • Tailored Training and Support: Funded Trading Plus offers an exceptional training and support package that includes courses like The Demon Scalping course, Trading Psychology course, and lifetime access to the Trade Room Plus Live Trade Room. Traders also benefit from one-on-one sessions with professionally funded traders.
  • Profit Sharing: Traders at Funded Trading Plus can enjoy profit splits of up to 90%, providing them with a generous share of their trading success.
  • Real Funds Withdrawal: Upon passing the evaluation process, traders receive an ‘FT+ Trader' account where they can withdraw real funds from day one, enhancing their trading experience and financial opportunities.
  • Platform Availability: The firm offers access to popular trading platforms like MetaTrader 4 and MetaTrader 5, ensuring a seamless trading experience for its users

Funded Trading Plus- Pros and Cons

Pros

  • A comprehensive simulated-live environment with a wide range of trading assets including Forex, Indices, Commodities, and Cryptocurrencies
  • KYC identity checks for compliance with anti-money laundering and anti-fraud regulations
  • Liquid fiat capital reserves exceeding requirements to cover customer withdrawals
  • Excellent customer service with fast issue resolution and a customer-centric approach
  • Positive user reviews highlighting outstanding customer service and support for traders' success

Cons

  • Tight trading parameters may not suit all trading styles
  • Limited availability for traders who take excessive risks

In conclusion, Funded Trading Plus emerges as a reputable and supportive prop trading firm that prioritizes trader success through comprehensive training, high-profit splits, real funds withdrawal opportunities, and exceptional customer service.

5. Topstep

Topstep

Topstep emerges as a leading alternative to Lux Trading Firm, offering traders a unique and structured approach to prop trading with a profit split percentage of up to 90%. Topstep, founded in 2010 and based in Chicago, Illinois, USA, provides traders with a simulated-live trading environment where they can trade various instruments like Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, and Metals Futures.

The firm's unique approach focuses on risk management and skill development without risking traders' capital. Traders are supported through a structured program that aims to enhance their trading skills and profitability.

The cost of joining Topstep starts from $165 per month, offering traders access to the firm's structured program and simulated live trading environment. Traders are required to meet specific criteria to progress through the program successfully.

Topstep provides traders with the opportunity to trade with balances up to $150,000. Traders can start with simulated funds ranging from $50K ($165/month subscription) up to $150K ($375/month), determining their profit targets and maximum position sizes accordingly.

According to Trustpilot reviews, Topstep has received “Excellent” feedback from users who appreciate the firm's structured approach to prop trading and the support provided during live trading sessions, giving it a staggering 4.6 stars out of 5. Users highlight the effectiveness of the program in enhancing their trading skills and profitability.

In conclusion, Topstep stands out as a reputable prop trading firm that offers traders a structured and supportive environment for skill development and profitability. With its unique approach to risk management, diverse instrument offering, high-profit splits, and fast payout processing, Topstep is a compelling choice for traders looking to enhance their trading capabilities.

Topstep- The Key Features

  • Structured Trading Plan: Topstep emphasizes a structured trading plan that includes a Maximum Loss Limit (MLL) based on end-of-day balance rather than intraday unrealized profits. This approach provides traders with more room to trade and manage risk effectively.
  • Diverse Instrument Offering: Traders at Topstep can access a wide range of futures contracts, including popular options like E-mini S&P 500, NASDAQ 100, Crude Oil, Gold, Interest Rates, Micro Gold, Micro Crude Oil, and Micro Bitcoin.
  • Proprietary Trading Platform: TopstepX™ is the firm's proprietary trading platform designed to cater to the unique needs of prop firm traders. It offers an immersive experience that integrates all aspects of Topstep's offerings.
  • Profit Sharing: Traders can benefit from a profit split of up to 90%, allowing them to retain a significant portion of their trading profits.
  • Fast Payout Processing: Topstep ensures quick processing of payouts, enabling traders to access their earnings promptly and efficiently

Topstep- Pros and Cons

Pros

  • Structured Trading Plan with Maximum Loss Limit based on end-of-day balance, providing more trading room.
  • Diverse Instrument Offerings include popular futures contracts like E-mini S&P 500, Crude Oil, Gold, and more.
  • Profit Split Percentage of up to 90%, allowing traders to retain a significant portion of their profits.
  • Fast Payout Processing with earnings processed daily and arriving promptly.
  • Excellent Customer Service with strong support and fast issue resolution

Cons

  • Stringent criteria for getting funded can be challenging for some traders. 
  • Criteria for withdrawals require specific winning days and profit thresholds

6. The Trading Pit

Trading Pit 

The Trading Pit emerges as a prominent alternative to Lux Trading Firm, offering traders an accessible entry into prop trading with a focus on skill development and profitability. The Trading Pit provides traders with a multi-asset trading platform that caters to over 10,000 traders, with accounts exceeding $3 million and 450,000+ earning accounts.

The firm's journey emphasizes accessible entry points starting at just $99, refund options with the first payout, official TTP Certification for skill recognition, streamlined CFD challenges, free access to futures trading platforms, low latency trading, transparent pricing without hidden fees, and easy-to-follow guidelines. The Trading Pit provides traders with the opportunity to trade with balances up to $100,000.

User reviews on Trustpilot rate The Trading Pit as “Excellent” with a score of 4.4/5. Traders appreciate the platform's transparency, the responsiveness of support staff, fast payouts, and the supportive community that fosters growth and learning.

The Trading Pit- The Key Features

  • Profit Split Percentage: Traders at The Trading Pit can start with profit splits ranging from 50% in forex trading (up to 80%) to 50% in futures or Combo Accounts (up to 70%).
  • Max Balance Offerings: Traders can manage up to $1,000,000 through the scaling plan offered by The Trading Pit.
  • Platform Availability: The Trading Pit provides access to cutting-edge trading platforms like StereoTrader, Squawkbox, CME Heatmap, and an Economic Calendar for traders.
  • Pricing: Entry fees start at $99 for Lite and Standard accounts and go up to $120 and $299 for Executive and VIP accounts. Traders can purchase Extensions for additional time to reach profit targets without restarting.

The Trading Pit- Pros and Cons

Pros

  • Accessible entry points start at $99, making trading available to a wide range of traders.
  • The profit split percentage ranges from 50% to 80%, allowing traders to retain a significant portion of their profits.
  • Diverse instrument offerings including Forex, Futures, Indices, Commodities, Stocks, and Crypto
  • Transparent pricing without hidden fees and access to advanced trading platforms like StereoTrader and Squawkbox.
  • Positive user reviews highlighting the platform's intuitive interface, educational resources, and supportive community

Cons

  • Challenge rules can lead to automatic account closure if not followed strictly.
  • Strict evaluation metrics with specific profit targets and drawdown rules to meet for progression.

In conclusion, The Trading Pit stands out as a prop trading firm that offers traders a comprehensive platform for skill development and profitability. With its accessible entry points, diverse instrument offerings, profit split percentages, advanced trading platforms, and positive user feedback highlighting its transparency and supportiveness, The Trading Pit is a compelling choice for traders looking to elevate their trading skills.

7. FunderPro

FunderPro

FunderPro stands out as a compelling alternative to Lux Trading Firm, offering traders a unique and flexible approach to prop trading with a focus on skill development and profitability. Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was established to provide traders with an opportunity to showcase their skills without unnecessary pressure or stringent rules.

The firm offers traders the freedom to trade at their own pace, emphasizing merit-based evaluation without unnecessary restrictions. FunderPro boasts a community of traders who have successfully qualified for-profit splits and funding, making it an attractive option for traders seeking a supportive and growth-oriented trading environment.

User reviews on Trustpilot rate FunderPro positively with a score of 4.3 out of 5 stars. Traders appreciate the platform's transparency, swift payouts, realistic trading objectives, and the opportunity to manage substantial capital while enjoying generous profit splits.

FunderPro – The Key Features

  • Profit Split Percentage: FunderPro offers an advantageous profit split ranging from 80% up to 90% upon successfully completing evaluation phases, providing traders with a significant share of their profits.
  • Max Balance Offerings: Traders at FunderPro can manage substantial capital, with account sizes ranging from $5,000 to $200,000, catering to traders with varying risk appetites and experience levels.
  • Platform Availability: FunderPro partners with ThinkMarkets as their broker, offering access to premium trading platforms like MetaTrader 4, MetaTrader 5, and ThinkTrader for a seamless trading experience.
  • Pricing: FunderPro offers different account size options priced accordingly, starting from $50 for a $5,000 account size up to $995 for premium offerings catering to serious traders managing significant capital

FunderPro – Pros and Cons

Pros

  • User-friendly platform catering to traders of all experience levels.
  • Profit split percentage of 80% upon successful completion of evaluation phases.
  • Weekly payouts, leverage up to 1:200, and the ability to scale profits up to $5,000,000.
  • Fast payout within 48 hours, in-app multilingual 24/7 support, and access to TradeLocker
  • Positive Trustpilot reviews with a TrustScore of 3.80/5, indicating user satisfaction

Cons

  • Restrictions on news trading and weekend holding of positions may limit trading strategies.
  • No specific time limits for reaching profit targets, potentially requiring extended trading periods. 

In conclusion, FunderPro emerges as a reputable prop trading firm that provides traders with a supportive and growth-oriented environment. With its flexible evaluation programs, advantageous profit splits, diverse account size options, premium trading platforms, and positive user feedback highlighting its legitimacy and appeal to traders of varying experience levels, FunderPro presents itself as an attractive alternative to the Lux Trading Firm.

8. the5ers

The5ers

The5ers emerge as a top-tier prop trading firm, offering traders a unique and inclusive environment to showcase their skills and grow their trading accounts. The5ers, founded with a focus on merit-based evaluation and growth, provides traders with a platform to trade at their own pace and style. Traders can expect to get paid from the first target, double their account size at every milestone, scale their accounts, and enjoy high-risk high-reward opportunities.

The firm offers diverse programs tailored to different trading levels and styles, allowing traders to profit without deductions from their balance to achieve milestones. With features like overnight and weekend holding for forex and metals, news trading allowance, low commission rates, tight variable spreads, access to a community of successful traders, and no restrictions on trading styles, The5ers caters to a wide range of traders. Traders can manage substantial capital, with account sizes ranging from $5,000 to $250,000.

With a rating of 4.8 out of 5, User reviews on Trustpilot highlight The5ers' excellent client support, transparent trading platform, minimal slippages and spreads, and straightforward account funding process. Traders appreciate the firm's transparency and look forward to their first payouts with confidence.

The5ers – The Key Features

  • Profit Split Percentage: The5ers offers profit splits that allow traders to double their funded trading account size at every milestone without deductions from their balance.
  • Max Balance Offerings: Traders at The5ers can scale their accounts up to $5,000,000 with leverage up to 1:200.
  • Platform Availability: Traders have access to high-quality market execution through platforms like MetaTrader 5 and external performance statistics for informed decision-making.
  • Pricing: The pricing structure at The5ers is designed to be transparent with no hidden rules or fees, ensuring that traders can focus on trading without unexpected costs

The5ers- Pros and Cons

Pros

  • Instant Funding: Quick access to funds without delays.
  • Flexible Evaluation: Unique “no evaluation” feature for new traders.
  • Forex Specialization: Tailored programs and tools for Forex trading.
  • Supportive Community: Active trader community for learning and growth.
  • Profit Split: Offers up to 100% profit split, one of the highest in the market.

Cons

  • Primarily focused on the Forex market.
  • Traders must pass a rigorous evaluation process.

In conclusion, The5ers stands out as a reputable prop trading firm that offers traders a conducive environment for growth and success. With its merit-based evaluation programs, generous profit splits, diverse account scaling options, advanced trading platforms, and positive user feedback emphasizing transparency and supportiveness, The5ers presents itself as an attractive alternative to Lux Trading Firm.

9. Toptier Trader

TopTier Trader

Toptier Trader emerges as a leading prop trading firm, offering traders a unique opportunity to build virtual profits without risking their own capital. Toptier Trader provides traders with a platform to showcase their skills and discipline through simulated trading objectives. Traders can aim to reach and maintain virtual profit levels to get verified, with the opportunity to receive up to 90% of their virtual earnings.

The firm offers challenges with varying account sizes, leverage options, and no time limits, allowing traders to trade responsibly and consistently to achieve their goals. With a focus on professional support, realistic profit targets, and fee refunds upon beating the evaluation challenge, Toptier Trader stands out as a promising option for passionate traders.

User reviews on Trustpilot commend Toptier Trader for its exceptional customer service, with users highlighting the team's responsiveness and dedication in resolving issues promptly, giving it a rating of 4.6 out of 5. The positive feedback underscores the firm's commitment to supporting traders effectively.

Toptier Trader – The Key Features

  • Profit Split Percentage: Traders at Toptier Trader can receive up to 90% of their virtual earnings upon successful completion of evaluation challenges.
  • Max Balance Offerings: Account sizes range from $5,000 up to $300,000, providing traders with scalability options based on their performance.
  • Platform Availability: Toptier Trader offers access to indicators, FTMO, and Surge Trader for enhanced trading capabilities.
  • Pricing: The firm's pricing structure is transparent, with a refundable signup fee upon receiving the first payout and no hidden costs during the evaluation process

Toptier Trader – Pros and Cons

Pros

  • Realistic Profit Targets: Focus on achievable virtual profit goals.
  • Professional Support: 24/7 assistance for traders to achieve real results.
  • Fee Refund: Refund of purchase upon successful completion of evaluation challenges.
  • Diverse Trading Assets: Access to trade Forex, indices, commodities, metals, and cryptocurrencies.
  • Transparent Pricing: Clear pricing structure with refundable fees and no hidden costs during the evaluation process.

Cons

  • Absence of free trial options for potential users.

In conclusion, Toptier Trader presents itself as a reputable prop trading firm that offers traders a supportive environment to hone their skills and achieve virtual profits. With its focus on realistic profit targets, professional support, diverse account sizes, leverage options, transparent pricing structure, and positive user reviews emphasizing exceptional customer service, Toptier Trader stands out as a compelling alternative to Lux Trading Firm.

10. Apex Trader Funding

Apex Trader Funding

Apex Trader Funding (ATF) stands out as a premier trader funding company that aims to revolutionize the trader payout model with a customer-centric approach. Established in 2021, Apex Trader Funding was founded out of dissatisfaction with existing funding companies, striving to offer traders a more rewarding and supportive environment. With a global community spanning over 150 countries and tens of thousands of members, ATF specializes in funding evaluations for futures markets.

The firm prides itself on outperforming other futures funding evaluation firms in terms of payouts, emphasizing a commitment to excellence and trader satisfaction. ATF offers benefits like quick qualification with as little as 7 trading days and a focus on realistic profit targets to support traders in achieving their goals.

User reviews on Trustpilot rate Apex Trader Funding as excellent, scoring 4.8/5.0 after 6,000+ reviews. Customers appreciate the firm's evaluation rules and goals, platform offerings, trading hours alignment with day traders, and legitimacy as a prop trading company.

Apex Trader Funding – The Key Features

  • Profit Split Percentage: ATF shares profits with traders starting at a 100% profit split for the first $25,000 in profits, adjusting to a 90/10 split thereafter where traders receive 90% of profits.
  • Max Balance Offerings: Account sizes at ATF range from $25,000 up to $300,000, providing traders with scalability options based on their performance.
  • Platform Availability: ATF supports popular futures trading platforms like NinjaTrader, Tradovate, TradingView, and more, offering free real-time data and licenses for enhanced trading experiences.
  • Pricing: The pricing structure at ATF includes monthly fees ranging from $147 for smaller accounts to $657 for larger accounts, with no leverage provided as the trading account balance serves as buying power

Apex Trader Funding – Pros and Cons

Pros

  • Competitive Profit Split: Offers up to a 100% profit split for the first $25,000 in profits, adjusting to a 90/10 split thereafter.
  • Diverse Trading Instruments: Allows trading in various futures markets including equity, foreign exchange, agricultural, energy, interest rate, metals, and cryptocurrency futures.Pro 2
  • Transparent Pricing: Monthly fees range from $147 to $657 based on account size with no hidden costs during the evaluation process.
  • Free Real-Time Data and Platforms: Provides free real-time data and supports popular futures trading platforms like NinjaTrader, Tradovate, and TradingView.
  • Excellent User Reviews: Rated as excellent on Trustpilot with a score of 4.8/5.0 after 6,000+ reviews, highlighting the firm's evaluation rules, platform offerings, and legitimacy.

Cons

  • The trading account balance serves as buying power with no leverage provided.
  • Absence of free trial options for potential users to experience the platform before committing.

In conclusion, Apex Trader Funding emerges as a reputable prop trading firm that offers traders a customer-centric approach, realistic profit targets, diverse account sizes and platform options, transparent pricing structure, and positive user reviews emphasizing its excellence in the industry.

11. UltraCap Trading

UltraCap Trading

Embark on a trading journey with UltraCap Trading, an Australian-based Trader Recruitment Firm that has redefined the landscape of online proprietary trading firms. UltraCap Trading, established in 2021, is a trader recruitment firm designed by traders for traders.

With a focus on supporting over 2000 traders globally, UltraCap offers customizable trading plans and a technology-driven platform to nurture retail trading talent at every stage of growth. The firm prioritizes transparency, realistic trading requirements, and a holistic approach to trader evaluation and funding. Traders at UltraCap Trading can invoice up to 90% of the profits generated on their live-funded account based on the profit share agreement outlined in their contract.

Rated as “Excellent” on Trustpilot with a score of 4.7/5.0, UltraCap Trading garners praise for its clear rules, easy accreditation process, and support for traders with good risk management and solid trading psychology mindset.

UltraCap Trading – The Key Features

  • Profit Split Percentage: UltraCap Trading offers programs designed for a win-win scenario, focusing on the quality, consistency, and edge of traders' strategies. Traders benefit from a more holistic approach to evaluation and funding.
  • Cost Considerations: The pricing structure at UltraCap Trading includes various add-ons and choices for traders, aiming to create a sustainable trading career.
  • Max Balance Offerings: Traders can access funded accounts ranging from UltraSmart for achievable trading performance to UltraFlex for seasoned traders seeking adaptability and risk control, up to the UltraPro plan for accomplished traders with a proven track record.
  • Platform Availability: The platform is compatible with various third-party tools and indicators, ensuring flexibility for traders while adhering to strict trading rules and guidelines.

UltraCap Trading – Pros and Cons

Pros

  • The program is straightforward with clear rules for success, emphasizing good risk management and a trading psychology mindset.
  • Product Offers a range of trading plans like UltraSmart, UltraFlex, and UltraPro tailored to different trader profiles, providing flexibility and choice.
  • Known for a fast and reliable support team that assists traders with necessary information and queries promptly.
  • The platform supports various third-party tools and indicators, ensuring flexibility for traders while adhering to strict trading rules and guidelines.

Cons

  • Currently does not offer proprietary trading tools or indicators, relying on compatibility with third-party tools instead.
  • Restrictions on traders from certain countries due to legal and regulatory constraints may hinder global accessibility

In conclusion, UltraCap Trading emerges as a reputable trader recruitment firm offering diverse trading plans tailored to different trader profiles, transparent pricing structures, platform compatibility with third-party tools, and positive user reviews highlighting its excellence in the industry.

Answering the FAQs

Is Lux Trading Firm legit?

Yes, Lux Trading Firm is a legitimate prop trading company that offers trading in various financial instruments and provides substantial capital to traders.

What trading platform does Lux Trading Firm use?

Lux Trading Firm allows trading through TradingView, MT4, and TraderEvolution platforms.

Does Lux Trading Firm offer discounts or promo codes?

Lux Trading Firm does not offer discounts or promo codes but provides opportunities for traders to earn money while being evaluated and access significant capital.

Does Lux Trading offer swap-free accounts?

Yes, Lux Trading offers swap-free accounts through their brokerage, Global Prime. For more details, you can contact Lux Trading customer support.

Is Lux Trading Firm regulated?

No, Lux Trading Firm is not regulated like traditional financial service providers as it operates as a prop trading firm rather than a broker/dealer.

If I violate the trading objectives, does Lux give me a second chance?

Yes, Lux offers an account reset option for £250, allowing traders a second chance to continue their evaluation process.

How can I contact Lux Trading Firm?

You can contact Lux Trading Firm via chat on their website, email at info@luxtradingfirm.com, or phone at +44 20 7193 9534. Their office is located at 160 City Road in London.

Final Word

In conclusion, Lux Trading Firm stands out for its robust risk management measures, reasonable scaling plan, and approachable nature, making it a sensible choice for novice traders. However, for those seeking alternatives, FunderPro, FTMO, and Funded Trading Plus offer compelling options with unique features like flexible trading times, extensive educational resources, and high-profit splits.

When selecting the best alternative to Lux Trading Firm, consider factors like profit split percentages, leverage provided, and available trading platforms to ensure a suitable match for your trading style and goals. Remember, it's crucial to prioritize risk management and realistic expectations in your trading journey. Take the time to explore these alternatives and find the one that aligns best with your needs and preferences. Happy trading!

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