Lux is sometimes confused with Luxe!
But, guess what?! The minds behind Lux Trading Firm sure knew what they were doing while naming their firm!
Established in 2020, Lux Trading Firm empowers traders worldwide through industry-leading capital, technology, and support.
With over 30 years of collective asset management expertise, Lux Trading Firm has rapidly emerged as a trailblazer in the proprietary trading space.
By focusing on sustainable trader development through robust infrastructure and aligned incentives, Lux Trading Firm creates an ecosystem for traders to unlock their potential.
Come along as we unravel the Lux Trading Firm! A comprehensive review article that dissects the three P’s😏, everything from platforms to programs to payouts and more!
Lux Trading Firm Key Information
Don’t have the time to go through the whole article? Don’t worry! I’ve got you covered! Take a look!
| Key Information | Details |
|---|---|
| CEO | Oliver Olejár |
| Profit Split | 75% |
| Key Features | Connect through email: trading@luxtradingfirm.com, sales@tradingfirm.com, and marketing@radingfirm.com They are also pretty active on social media like Instagram, Discord, Facebook, etc. |
| Jurisdiction | UAE |
| Broker | Global Prime |
| Mentors | Bruno Perinelli, Jake Torres |
| Max Funding | $10 million |
| Lowest Package (with price) | Elite Traders (starts at $5000) |
| Contact | Connect through email: trading@luxtradingfirm.com, sales@tradingfirm.com, and marketing@radingfirm.com They are also pretty active on social media like Instagram, Discord, Facebook, etc. |
Lux Trading Firm Review: What is this Firm All About?
As an established proprietary trading organization, Lux Trading Firm empowers talented traders by furnishing the resources to thrive amid evolving markets. Their core mission centers on cultivating an environment where seasoned professionals access far-reaching capital, robust analytics, and institutional-grade infrastructure to unlock their potential.
By upholding rigorous evaluation, they invest exclusively in traders poised to prosper. Through aligning interests and incentives, we champion a transparent ecosystem where trust and accountability fuel collaboration. Their suite of offerings – from bespoke guidance to cutting-edge technology – intends to serve clientele equipped to assume risk and maximize opportunity.
The global financial landscape demands resilience. Lux Trading Firm’s commitment rests in equipping determined individuals to navigate uncertainty, wield substantial capital with conviction, and capture profits in the world’s most liquid markets. By matching world-class traders with institutional advantages, they target sustainable growth for both our partners and the firm.
Key Features of Lux Trading Firm
Here for a deep dive, huh? 🤑 Study the key features of Lux Trading Firm below:
- Access to live capital up to $10 million: Traders can access substantial trading capital provided by Lux to execute real trades in financial markets. $10 million is the maximum amount accessible.
- Cutting-edge Trader Evolution platform: Lux's proprietary and technologically advanced trading platform with tools, analytics, and infrastructure to facilitate efficient trading.
- Daily live market commentary: Real-time analysis and insights on market conditions and opportunities provided daily by Lux experts.
- Award-winning Trading Central analytics: Trading Central provides Lux traders with acclaimed data, analytics, forecasts, and trading ideas to inform trading decisions.
- Profit Split: Lux traders keep 75% of the trading profits they generate, with the remaining 25% going to Lux.
- Personalized risk management: Lux works closely with each trader to implement prudent risk controls, position sizing, stop losses, etc. tailored to their strategy.
Lux Trading Firm Programs
Lux Trading Firm offers four programs:
- Elite Traders
- CFD Traders
- Stock Traders
- Crypto Traders
Let’s understand them one by one 💪
1. Elite Traders
The Lux Elite Traders Club provides premium services and support to experienced traders seeking to take their performance to the next level. Traders get access to direct mentorship, unlimited one-on-one coaching sessions, daily live trading commentary, exclusive educational resources developed by experts, and VIP access to special events and meetups.
By choosing one of Lux's professional mentors, traders can have weekly personalized meetings to learn specialized trading skills and strategies needed to maximize the firm's funded program. Additional benefits include access to an exclusive Discord community, over 50 hours of video lessons, and tailored guidance from the risk management desk.
With three tiered plans from $5,000 to $15,000, the program aims to give serious and dedicated traders the tools to excel. Lux brings institutional-grade advantages to ambitious individuals seeking to command substantial capital and capture life-changing profits in global financial markets.
2. CFD Traders
The CFD Traders program allows traders to trade Contracts for Difference (CFDs) on major markets including Forex, stock indices, metals, and energies. CFDs provide exposure to underlying asset price movements without needing to own the asset itself.
Traders can access leverage up to 1:30 on FX and indices CFDs and up to 1:5 leverage on equity and crypto CFDs. Spreads are competitive thanks to Lux's partnership with the broker Global Prime.
By trading CFDs, traders can go long or short across global markets from a single account. Lux Trading Firm provides advanced platforms, tools, capital, and support to enable CFD traders to effectively implement their trading strategies.
Successful CFD traders can progress through Lux's tiered account stages from an initial $50,000 up to a $10 million fund manager account. At each stage, traders must meet specific profit targets and maximum loss limits to advance to higher funding allocations.
The CFD Traders program caters perfectly to traders focused specifically on speculative CFD trading across forex, indices, commodities, and global equities.
3. Stock Traders
The Stock Traders program allows traders to trade actual stocks and ETFs (exchange-traded funds) on global stock exchanges. This provides direct ownership of the securities traded compared to CFD trading.
Traders get access to thousands of stocks and ETFs across major exchanges like NYSE, NASDAQ, LSE, Euronext, etc. The program caters perfectly to stock traders looking to implement various strategies based on fundamentals or technical analysis.
Successful stock traders can progress through Lux's tiered account stages from an initial $50,000 up to a $10 million fund manager account.
With robust stock market access, traders can go long or short to capitalize on price movements. By providing institutional-grade infrastructure and capital, Lux Trading Firm aims to empower talented stock traders to realize their potential.
4. Crypto Traders
The Crypto Traders program allows traders to speculate on the price movements of major cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. Traders get access to leverage up to 1:5 and spreads as low as 0.1% on crypto CFD instruments.
Successful crypto traders can progress through Lux's tiered account stages from an initial $50,000 up to a $10 million fund manager account.
With deep liquidity across leading crypto exchanges, traders can go long or short to capitalize on market volatility. By providing advanced trading platforms, tools, capital, and support, Lux Trading Firm aims to create an ecosystem for determined crypto traders to thrive.
Lux Trader Firm Platforms
Lux Trading Firm provides traders access to several institutional-grade trading platforms including the proprietary Lux Trader, MetaTrader 5 (MT5), and TradingView. With access to these state-of-the-art trading platforms, Lux Trading Firm aims to provide traders with the tools and technology to execute their strategies effectively. Take a look:
1. Lux Trader:
The Lux Trader platform is custom-built around TradingView, which is used by over 50 million traders globally. It offers intuitive technical analysis tools, 100+ indicators, 90+ drawing tools, and the ability to create detailed charts and trading plans. Traders can execute orders directly on charts and utilize watchlists to track assets. The platform aims to provide an efficient and fully-featured trading experience.
2. MetaTrader 5:
Lux Trading Firm offers the popular MetaTrader 5 platform by MetaQuotes which is the most widely used retail trading platform. It includes advanced charting capabilities, Expert Advisors for algorithmic trading, custom indicators, and the ability to execute a range of order types. Users can also backtest trading strategies on historical data.
3. TradingView:
For traders seeking maximum flexibility, direct access to TradingView charts and trading functionality is provided. This allows traders to leverage TradingView's vibrant community and resources while managing their Lux Trading Firm account.
Lux Trading Firm Payouts
Ok…moving on…let us understand the payouts of Lux Trading Firm. Lux Trading Firm offers a typical 75% profit split paid out monthly to profitable funded traders. Their scaling program provides substantial growth opportunities.
- Profit Split
- Lux Trading Firm offers a 75% profit split across all account types and stages. This means traders keep 75% of the net profits generated in their accounts.
- The remaining 25% goes to Lux Trading Firm. This represents their share of profits.
- The 75% split is considered an industry standard profit share.
- Payment Frequency
- For funded “Professional” accounts and above, payouts are made once per month.
- Traders must generate a net profit in the current month to receive the 75% profit share payout. There is no payout if the month closes at a loss.
- Payments are processed in the first week of each new month.
- Payment Methods
- Profits can be withdrawn via direct bank transfer, Wise Wallet, or cryptocurrency options.
- Traders must fill out the automated profit split form to initiate payout requests.
- Growth Rewards
- Each time a funded trader generates 10% in net profits, Lux Trading Firm increases (“scales”) their account balance. This allows traders to progress to accounts as large as $10 million.
Lux Trading Firm Trading Rules
Lux Trading Firm comes with some trading rules, they are listed below:
- Traders need to trade a minimum of 29 active trading days in the evaluation account stage. Swing traders require 15 minimum trading days.
- The maximum relative drawdown limit is set at 5% for evaluation and advanced stages, and 4% for professional and higher stages. Accounts will be disabled if this loss limit is reached.
- Minimum stop losses are mandated for different asset classes. Traders can close positions manually below the stop loss but must manage risk prudently.
- Copy trading between multiple accounts is strictly prohibited. Lux's systems monitor duplicate trades across accounts.
- Only trading strategies and systems that comply with the broker and liquidity provider's policies are permitted. Excessively high-frequency trading is not allowed.
- Traders cannot withdraw profits at will, rather payouts are made once per month for profitable months to accounts meeting the profit target.
- The use of third-party Expert Advisors for automated execution is prohibited. Custom EAs must comply with trade limits.
How does Lux Trading Firm Differ from other Prop Firms
Lux Trading Firm offers institutional-grade infrastructure for determined traders to access substantial capital, with transparency and a focus on sustainable trader development.
- Capital Access: Lux Trading Firm provides access to up to $10 million in trading capital. Other firms offer accounts ranging from a few hundred thousand up to $5 million. So Lux Trading Firm provides some of the highest funding limits.
- Profit Splits: As already discussed Lux Trading Firm offers a 75% profit split, which is fairly standard.
- Trading Instruments: Most major prop firms provide access to forex, stocks, futures, and crypto assets. Lux Trading Firm offers trading in forex, indices, commodities, equities, and crypto. So they provide broad market access.
- Platforms: Lux Trading Firm provides the MetaTrader 5 and TradingView platforms. So platform choice is comparable.
- Evaluation/Challenges: Lux Trading Firm seems to have relatively achievable profit targets for their evaluation accounts compared to some others. For example, a 6% profit target over an unlimited timeframe.
- Business Model Differences: A key difference is that Lux Trading Firm provides access to real capital rather than demo accounts. They state this alignment of interests can create a more sustainable ecosystem compared to firms profiting from trader losses.
Trustpilot Ratings and Reviews
Lux Trading Firm has an impressive rating of 4.4/5 on Trustpilot! And you know what?? They’ve replied to almost all the reviews on Trustpilot thanking them for their feedback 🥺
Let’s analyze some of the reviews now! Shall we??
Review 1:
Review 2:
Review 3:
FAQs on Lux Trading Firm Review
Does Lux Trading Firm accept US traders?
Yes, Lux Trading Firm accepts traders from the United States. US citizens can register, trade, and withdraw profits.
Are specific trading hours imposed for any assets?
Yes, cryptocurrency trading is restricted to trading hours and not available over weekends at Lux Trading Firm.
How long does it take to withdraw profits?
Lux Trading Firm processes profit withdrawals via bank transfer within 3-5 business days after the monthly payments.
What is the maximum account balance possible?
Traders can potentially progress their account balance up to $10 million+ at Lux Trading Firm through their tiered account stages
How long is the evaluation stage?
The initial evaluation stage has no maximum time limit. Traders must trade a minimum of 29 days to progress from evaluation.
What is Lux Trading Firm's business address?
Lux Trading Firm's registered business address is 160 City Road, London, EC1V 2NX, United Kingdom.
Does Lux Trading Firm offer a free trial period?
Yes, Lux Trading Firm offers a free 7-day trial to test their services. No payment is required during the trial.
Can traders keep positions open over weekends?
Yes, Lux Trading Firm allows traders to keep positions open over weekends and holidays during evaluation and live trading.
Conclusion
Lux Trading Firm truly has its skin in the game, doesn’t it? 🤩
Lux Trading Firm has rapidly emerged as an acclaimed proprietary trading firm empowering traders worldwide.
With industry-leading funding limits of up to $10 million, personalized guidance from experts, and sustainable profit splits, Lux Trading Firm aims to serve clientele equipped to assume risk and maximize opportunity. Their suite of offerings intends to provide seasoned professionals with the tools to thrive amid evolving markets.
From award-winning analytics to direct market access, Lux Trading Firm delivers an end-to-end solution for experienced traders to implement strategies with conviction.
For traders seeking to command serious capital, Lux Trading Firm presents a compelling proposition.
Happy Trading! 🤗
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