When it comes to prop trading, Lux Trading Firm (founded in the UK) has emerged as a notable player, allowing traders to access substantial capital (scaled up to $10M) without risking their funds.
This comprehensive Lux Trading Firm review examines the intricacies of Lux Trading prop firm's offerings, exploring everything from its unique evaluation process (1-step, 2-step) to the various trading instruments available (FX, Indices, Energies, Metals, Equity, CFDs, Crypto).
Whether you're a pro trader or just starting your journey, this article aims to provide valuable insights into what LuxTradingFirm brings to the table.
The Company Overview
Founded in 2020, LuxTradingFirm stands out in the crowded prop trading landscape with its innovative trader evaluation and funding approach. Here's a quick overview of what sets them apart:
- Real funding with live trading accounts, not just demo simulations;
- Scalable account sizes from $50,000 up to a staggering $10,000,000;
- Comprehensive support, including personalized mentorship and risk management;
- An audited track record accepted by banks and hedge funds.
Lux Trading Firm's commitment to providing traders with the tools and resources needed to succeed has made it a popular choice for novice and experienced traders looking to elevate their trading careers.
Specifications summary
Here is a comprehensive summary of what this prop firm brings to the table:
Account currency | USD |
Minimum price | £ 199 |
Maximum leverage | 1:30 |
Maximum profit split | 75% |
Instruments | FX, Indices, Energies, Metals, Equity, CFDs, Crypto |
Assets | EUR/USD, S&P 500, Oil, Gold, BTC, Tesla |
Evaluation steps | 1-step, 2-step |
Trading platform | MatchTrader, TradingView, MT5 |
Withdrawal methods | E-wallets, Bank Transfer, Credit/Debit Card |
Maximum fund size | $1,000,000 |
First profit target | 6% |
Max. daily loss | N/A |
Challenge time limit | No limits |
News trading | YES |
Maximum total drawdown | $60,000 for a $1M account |
Commission per round lot | Covered |
Trust pilot score | 4.1 out of 5 |
Payout frequency | Monthly |
Established country | UK |
Established year | 2020 |
Lux Trading Firm's specifications are designed for a wide range of traders, offering flexibility in account sizes and a generous profit split.
Pros & Cons associated with Lux Trading Firm
To help you have a better perspective of the firm’s whole image, here is a table of pros and cons related to Lux Trading Firm:
Advantages | Disadvantages |
Occasional Discounts | Limited educational resources |
Scalable accounts up to $10 million | Low Profit Split |
Personal mentorship | Limited track record |
The firm's relatively recent entry into the market also means its long-term stability is yet to be fully proven.
Funding & Pricing Structure
Lux Trading Firm offers a range of account sizes to suit different traders of all levels:
Account Size | Cost | Profit Split |
$50K | £ 199 | 75% |
$200K | £ 449 | 75% |
$1,000,000 | £ 999 | 75% |
These one-time fees grant access to the firm's evaluation process. Upon successful completion, traders can manage natural capital with the potential to scale up to $10,000,000 over multiple stages.
Registration & Verification Process
Getting started with the firm is straightforward:
- Visit the official Lux Trading Firm website;
- Choose your preferred account type/size and complete the registration form;
- Verify your identity by submitting the required documents (typically ID and proof of address) to allow for withdrawals;
- Pay the one-time evaluation fee and start your challenge.
The verification process is designed to be quick and efficient, usually completed within 24-48 hours. Lux Trading Firm emphasizes security and compliance, ensuring all traders are appropriately vetted before accessing funded accounts.
The firm’s Evaluation Steps
Luxtrading prop firm’s evaluation process stands out for its simplicity and efficiency:
Account Size | Evaluation Stages | Profit Share/Fee Refund | Profit Target | Maximum Loss |
$50,000 | 2-step | 50% Fee Refund on evaluation stages / 75% on Live account | 6%, 4% | $3,000 |
$200,000 | 2-step | 50% Fee Refund on evaluation stages / 75% on Live account | 6%, 4% | $12,000 |
$1,000,000 | 1-step | 75% on Live account | 15% | $60,000 |
This streamlined approach allows skilled traders to demonstrate their abilities and quickly start trading with natural capital. You can grow your funded account in a few more stages, each with different trading conditions.
Lux Trading Firm bonuses and discounts
LuxTradingFirm occasionally offers fantastic Black Friday discounts across all account types, making it a great opportunity for traders to advance their trading journey with lower costs. The current discounted prices (November 2024) are as follows:
- $50,000 account: Reduced from GBP 299 to GBP 199;
- $200,000 account: from GBP 599 to GBP 449;
- $1,000,000 account: from GBP 1,499 to GBP 999.
These limited-time discounts allow traders to access higher capital with significant savings, making Lux Trading Firm’s career trading program even more attractive and accessible.
What instruments & symbols can I trade on LuxTradingFirm?
The firm offers a diverse range of trading instruments, catering to various trading styles and preferences:
- Forex: Trade major, minor, and exotic currency pairs;
- Indices: Access popular indices like S&P 500, NASDAQ, and more;
- Commodities: Trade metals, oil, gas, and other in-demand commodities;
- Cryptocurrencies: Explore a wide selection of digital assets;
- Stocks: Choose from over 250 US and Hong Kong stocks.
Whether you're a forex enthusiast or interested in stock trading, LuxTradingFirm provides the instruments you need to implement your trading strategies effectively.
LuxTradingFirm’s Payment Methods
The firm understands the importance of convenient and secure payment options for its traders. They offer several methods to fund your account:
- Credit/Debit Cards: A quick and easy way to fund your account, accepted from major providers like Visa and Mastercard;
- Cryptocurrencies: For those preferring digital currencies, LuxTradingFirm accepts various cryptocurrencies.
The availability of crypto payments is particularly noteworthy, as it reflects LuxTradingFirm's adaptation to modern financial trends.
Commission Structure & Costs
Understanding the costs and fee structure is crucial when it comes to choose a prop firm. LuxTradingFirm's approach is straightforward:
- Challenge Fees: These one-time fees cover all costs associated with the evaluation process;
- Reset Fees: If you don't pass the challenge, you can reset your account for a fee:
Account Size | Reset Fee |
50k | £139 |
200k | £299 |
$1MM | £699 |
This transparent fee structure allows traders to focus on their strategies without worrying about unexpected costs. The challenge fees, while significant, are a one-time investment that can lead to substantial returns if you successfully pass the evaluation and start trading with a funded account.
LuxTradingFirm’s Trust Scores on Trustpilot
Trustpilot reviews can provide valuable insights into a company's reputation. LuxTradingFirm has a solid rating of 4.1 out of 5 based on 649 reviews on Trustpilot (November 2024). Here's a breakdown of the feedback:
Positive Reviews (78%) | Negative Reviews |
Responsive customer service | 30-day withdrawal timeline (considered lengthy by some) |
Clear trading rules | Occasional reports of Inflated spread |
Effective tools | - |
It's worth noting that LuxTradingFirm actively responds to negative reviews, addressing concerns and explaining its policies. This level of engagement demonstrates a commitment to customer satisfaction and transparency.
Customer Support in Luxtrading prop firm
Effective customer support is crucial in today’s world of trading. In our case, the firm offers multiple channels for support:
- Trade Support: trading@LuxTradingFirm.com;
- Tech Support: tech-support@LuxTradingFirm.com;
- Sales Support: sales@LuxTradingFirm.com;
- Phone: +44 20 7193 9534;
- Live Chat.
LuxTradingFirm has offices in multiple locations:
- London, UK (Marketing and Sales);
- Saint Lucia (Trading Desk);
- Montenegro and Dubai, UAE (Management).
This multi-channel approach ensures that traders can get help when they need it, whether it's for account-related issues, technical problems, or general inquiries. The presence of offices in different locations also suggests a global approach to customer service.
Social Media Channels
In today's digital age, a strong social media presence is vital for engagement and community building. LuxTradingFirm maintains active profiles on several platforms:
- Discord;
- YouTube;
- Instagram;
- X (formerly Twitter);
By maintaining an active presence across these platforms, LuxTradingFirm demonstrates a commitment to trader engagement and transparent communication.
Expert suggestions
LuxTradingFirm (founded in 2022) offers a compelling proposition for traders looking to enter the world of prop trading or scale their existing trading careers. The combination of real capital trading, flexible challenge conditions with no time limits, and the potential for significant account growth (up to $10M) makes it an attractive option for many.
However, potential users should carefully consider the challenge fees, the somewhat limited educational resources, and the longer withdrawal timeline. Write your opinion on the LuxTradingFirm review in the comments below.
