Lux Trading Firm Review 2024

What is Lux Trading Firm?

Lux Trading Firm is a prop trading firm that offers funded accounts for forex traders who can pass a two-phase challenge program. The firm is based in the UK and has offices in London, Dubai, Montenegro, and St Lucia. Lux Trading Firm claims to offer real trading capital, real liquidity providers, and real trading conditions for its clients. According to its website, Lux Trading Firm provides the following features for forex traders:. Up to $10,000,000 of capital on either MT4 or TradingView (The Lux Trader) platforms. No recurring monthly fees. No time limit on profit targets. 75% profit split. Scalable account sizes from $25,000 to $1,000,000. Access to over 500 cryptocurrencies and 12,000 stocks. Elite packages for high-volume traders. One-on-one mentoring and coaching. Lux Trading Firm also has a reputation for being a brick-and-mortar business that does not trade against its clients. It has been featured in various media outlets such as Forbes, FXStreet, and DailyFX. Lux Trading Firm has received positive reviews from many traders who have successfully passed its challenge program and grown their accounts with the firm. Lux Trading Firm is one of the few prop firms that offer real trading capital and real liquidity providers for forex traders. It also offers a competitive profit split and a flexible scaling program that allows traders to reach up to $10 million in funding. However, Lux Trading Firm also has some drawbacks such as strict rules, limited education resources, and high fees for some account types. Therefore, traders who are interested in joining Lux Trading Firm should carefully weigh the pros and cons before applying.

What is the Review Rating of Lux Trading Firm?

What are the Pros of Lux Trading Firm?

Lux Trading Firm is a highly rated prop firm offering initial funding of up to $1,000,000 with a 75% profit split. They offer an aggressive scaling program up to $10M. The firm provides advanced technical analysis tools and automated trading capabilities. One of the standout features of Lux Trading Firm is the absence of time limits or the pressure to generate quick profits. This creates a conducive environment for responsible and sustainable trading. Lux Trading Firm offers its traders the ability to trade a wide range of financial instruments. As indicated on their website, traders have access to Forex, Indices, and Commodities (including metals and energies). This diverse selection allows traders to explore various markets and diversify their portfolios. The Lux Trader platform, linked directly to the liquidity provider, is a crucial component of Lux Trading Firm’s offerings. This platform offers access to Forex, Indices, Metals, Energy (Commodities), Single Stock CFDs, and Cryptocurrencies. This expansive range of assets empowers traders to tap into various markets, adapt to changing conditions, and seize opportunities as they arise. Lux Trading Firm understands that traders come with varying levels of experience and capital. To accommodate this diversity, they offer multiple account sizes, each with its own pricing structure. This flexibility allows traders to pick an account size that aligns with their financial capacity and trading objectives.

What are the Cons of Lux Trading Firm?

Lux Trading Firm, while offering a range of benefits to forex traders, does have some drawbacks. One of the main concerns is the spread, which can sometimes be inflated. This can lead to traders being stopped out of a trade when the price never actually hit the stop price. When the spread is inflated, traders can be stopped out even when the stop price is far from the actual price. Another potential downside is the firm’s policy of stopping traders out at the available bid/ask instead of the latest filled bid/ask. This can result in traders being stopped out of a trade prematurely. Lastly, the fees can be quite high for traders who do not pass the evaluation. This could potentially deter some traders from using Lux Trading Firm’s services.

What are the Lux Trading Firm Current Promos?

Lux Trading Firm is offering a variety of promotions for December 2023. One of the deals includes a 20% off on their products. They also have a special Christmas deal offering up to 20% off. There are two promo codes available, one offering a 10% price reduction. and another offering a 10% reduction on your purchase. In addition to these, they have a Black Friday deal where you can trade up to $10,000,000. Another deal allows you to trade up to $10,000,000. Other sources also mention a 30% off Lux Trading Firm coupon code. , and a 5% off code “WETHRIFT5” and a 10% off code "PROPFIRMS10". There’s also a code “FOREXPROPREVIEWS” for a 5% discount and a Black Friday code for a 10% discount. The best Lux Trading Firm coupon code currently is “Shipthedeal” which gives an extra 10% off.

What are the Lux Trading Firm Highlights?

Lux Trading Firm is a highly rated proprietary trading firm offering initial funding of up to $1,000,000 with a 75% profit split. They have a unique offering to trade on TradingView’s charts, a large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, and Elite Packages. Lux Trading Firm is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker. Lux Trading Firm has offices in London, Dubai, Montenegro, and St Lucia. They offer up to $10,000,000 of capital on either MT4, or Tradingview (The Lux Trader), no recurring monthly fees, no time limit on your profit targets and a 75% profit split. Lux Trading Firm offers 5 different starting amounts of funding, ranging from $25,000 to $1,000,000. These range in price from £149 to £1,499. When you purchase one of the funded accounts you will be given a much smaller demo account initially, where you will have to complete a challenge with trading objectives of a 6% gain, with 6% maximum drawdown and you have as long as needed to complete this. Once you are funded, the trading will be all taking place on MetaTrader 4 or TradingView and you only have between 4 to 8 steps on the scaling plan to reach the $10,000,000 in funding that all traders dream of.

What is the Lux Trading Firm Origin Story?

Lux Trading Firm was founded by asset managers who were looking to diversify their portfolio and find nontraditional trading and investment opportunities. In the 1990s, they decided to recruit talented retail traders to join the firm, and have been giving traders such opportunities ever since. Lux Trading Firm is a prop trading company that allows trading in a wide array of financial instruments and offers massive amounts of capital (up to $10 million!) to consistent, careful traders. Thanks to their variety of tradable assets, quick scaling and available capital, Lux Trading ranks amongst the best Prop Trading Firms. With Lux, you can trade stocks, crypto, bonds, CFDs, and other instruments in addition to forex. Lux Trading Firm is highly regarded and has funded traders in more than 80 countries. Lux is one of the few prop firms to still allow trading through TradingView, in addition to MT4 and TraderEvolution. Lux Trading Firm has an ideal trader in mind—one who has a proven trading strategy that nets consistent profits without assuming substantial risk.

Is Lux Trading Firm Legit and Trustworthy?

Lux Trading Firm, in the context of forex trading, appears to be a legitimate and trustworthy company. It has a significant presence in the trading community and offers a variety of services, including funded accounts and access to real capital. The firm has received an average rating of 4.3/5 on Trustpilot, with over 82% of the reviews being overwhelmingly positive. This indicates a high level of customer satisfaction and trust in the firm’s services. However, some users have reported issues with the firm’s trading platform, such as inflated spreads and stop-outs at the available bid/ask instead of the latest filled bid/ask. The firm has responded to these concerns, explaining the differences between trading cash stock and trading stock on CFDs. Lux Trading Firm also offers a 7-day free trial for traders to familiarize themselves with their Career Funded Trading Program platforms, new upgraded trader dashboard, trading rules, and risk management. This transparency in their operations further enhances their credibility. In conclusion, while there may be areas for improvement, the overall consensus indicates that Lux Trading Firm is a legitimate and trustworthy forex trading firm.

Is Lux Trading Firm Regulated and who are the Regulators?

Lux Trading Firm is a proprietary Forex trading company that is registered in Montenegro, Slovakia, and the UK. It’s important to note that the services they provide are not subject to regulation, so according to existing laws, the firm is legitimate. Lux Trading Firm’s liquidity provider is Global Prime. , a leading broker that allows trading in currencies, stocks, indices, cryptocurrencies, etc. However, Global Prime is licensed in Australia, Seychelles, and Vanuatu, but not in the EU. Despite this, Lux Trading Firm does not collect deposits and does not need a license. Customers do not provide capital but pay a fee to subscribe to a plan, go through an evaluation process, and if successful, funding is granted by the company. In conclusion, while Lux Trading Firm is not regulated in the traditional sense, it operates within the existing legal framework and provides a unique service in the Forex trading industry.

Did Lux Trading Firm win any Awards?

Lux Trading Firm, a proprietary trading firm, has been recognized for its excellence in the forex trading industry. The firm has received high ratings from users, with an average rating of 4.4/5 on Trustpilot. Lux Trading Firm offers initial funding of up to $1,000,000 and an aggressive scaling program up to $10,000,000. They have offices in London, Dubai, Montenegro, and St Lucia. Lux Trading Firm is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker. However, specific awards won by Lux Trading Firm in the context of forex trading are not mentioned in the search results.

What type of Forex Broker is Lux Trading Firm?

Lux Trading Firm is a proprietary (prop) trading firm. They provide traders with real trading capital, allowing them to trade in the forex markets. Lux Trading Firm offers initial funding of up to $1,000,000 and an aggressive scaling program up to $10,000,000. They have a unique offering to trade on TradingView’s charts, a large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, Elite Packages, and no time limits. They are one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker. Lux Trading Firm has offices in London, Dubai, Montenegro, and St Lucia. They offer up to $10,000,000 of capital on either MT4, or Tradingview (The Lux Trader), no recurring monthly fees, no time limit on your profit targets and a 75% profit split. However, it’s important to note that Lux Trading Firm is not under valid regulation by any regulators to do forex.

How do I get in Contact with Lux Trading Firm?

If you want to get in contact with Lux Trading Firm, a prop trading firm that offers funded trading accounts, you have several options depending on your purpose and preference. Here are some of the ways you can reach them:. Email: You can send an email to their sales, tech, trade, or marketing departments using the following addresses:. Sales Support: sales@luxtradingfirm.com. Tech Support: tech-support@luxtradingfirm.com. Trade Support: trading@luxtradingfirm.com. Marketing: marketing@luxtradingfirm.com. Phone: You can call them at their UK office number +44 (0)20 7167 8107 or their Saint Lucia office number +1 767 625 0000. Live Chat: You can chat with them online on their website. Address: You can visit them in person at their offices in London, Saint Lucia, Montenegro, or Dubai. Here are their addresses:. Marketing & Sales office: 128 City Road, London EC1V 2NX, United Kingdom. Trading Desk office: Ground floor, The Sotheby Building Rodney Village, Rodney Bay Gros-Islet, Saint Lucia. Management office: Trg Magnolija 3B/L2S, 85320 Tivat, Montenegro. Administrated office: Office 104/105, Emaar Square 4, Dubai, UAE. Lux Trading Firm is a reputable and professional prop trading firm that offers real funding and liquidity to traders who want to trade with real capital and build a real career. They have a proven track record of success and a world-class platform that connects directly to the liquidity providers. They also offer different account types and sizes to suit your needs and goals. If you are interested in joining them or learning more about them, you can visit their website. for more information.

Where are the Headquarters from Lux Trading Firm based?

According to the web search results, the headquarters of Lux Trading Firm are based in London, United Kingdom. The company has four offices in different locations:. Marketing & Sales office at 128 City Road, London EC1V 2NX. Trading Desk office at Ground floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Management office at Trg Magnolija 3B/L2S, 85320 Tivat, Montenegro. Administrated office at Office 104/105, Emaar Square 4, Dubai, UAE. Lux Trading Firm is a prop trading firm that offers funded trading accounts for forex, stocks and crypto traders. The company claims to provide real funding, real liquidity and real track record for its clients. The company also has its own platform called Lux Trader and MetaTrader 5. I hope this answer is helpful for you. If you have any other questions about forex or trading in general, please feel free to ask me. ?.

What kind of Customer Support is offered by Lux Trading Firm?

Lux Trading Firm offers a comprehensive customer support system. Their support team is known for being patient, knowledgeable, and friendly. They are capable of handling queries about various aspects of trading, including cryptos, stocks, and the platform itself. Lux Trading Firm’s customer service is not just about solving issues; it’s about building trust with their clients. They are quick in profit splits, which may take up to 5 days. In addition to their customer support, Lux Trading Firm also provides educational resources like their ‘Trades of the Day’ to help traders improve their risk management. This is a great way for traders to earn their trading account and make real money. However, some customers have expressed concerns about the spread sometimes being inflated. Lux Trading Firm has addressed these concerns by explaining the differences between trading cash stock and trading stock on CFDs. They also provide warnings about trading on small caps. Despite these concerns, many customers are happy with the platform and appreciate the improvements Lux Trading Firm has made.

Which Educational and Learning Materials are offered by Lux Trading Firm?

Lux Trading Firm offers a range of educational and learning materials to traders. They provide support that one would typically receive from a big bank or a hedge fund. This includes education, mentorship, daily market analysis, livestreams, workshops, a risk desk, professional analytics software, and more. Their Elite Program is a top choice for those who want to succeed in the trading industry. It provides traders with the tools and opportunities to grow their trading careers. The program offers the chance to trade fully funded accounts of up to $10,000,000 USD. One of the standout features of this program is the absence of time limits or the pressure to generate quick profits. This creates a conducive environment for responsible and sustainable trading. Lux Trading Firm also offers a wide range of financial instruments for trading. Traders have access to Forex, Indices, and Commodities (including metals and energies). This diverse selection allows traders to explore various markets and diversify their portfolios. The Lux Trader platform, linked directly to the liquidity provider, is a crucial component of Lux Trading Firm’s offerings. This platform offers access to Forex, Indices, Metals, Energy (Commodities), Single Stock CFDs, and Cryptocurrencies. This expansive range of assets empowers traders to tap into various markets, adapt to changing conditions, and seize opportunities as they arise. Lux Trading Firm understands that traders come with varying levels of experience and capital. To accommodate this diversity, they offer multiple account sizes, each with its own pricing structure. This flexibility allows traders to pick an account size that aligns with their financial capacity and trading objectives.

Does Lux Trading Firm hedge Positions?

Lux Trading Firm, a highly rated proprietary trading firm, offers substantial capital to forex traders who can pass their trading challenge. The firm provides initial funding of up to $1,000,000 and an aggressive scaling program up to $10,000,000. However, the specific hedging strategies employed by Lux Trading Firm are not explicitly mentioned in the available online resources. Hedging in forex typically involves opening a position or multiple positions that move in a different direction from your existing trade. This strategy aims to create as close to a net-zero balance as possible. While it’s common for professional forex traders to use hedging strategies. , it’s unclear whether Lux Trading Firm employs these tactics in their operations. It’s always recommended for traders to understand the risk management strategies of any firm they’re considering.

Can anyone join Lux Trading Firm?

Lux Trading Firm, a trusted prop trading firm, offers opportunities for traders to join and trade on their platform. The firm provides Fully Funded Accounts of up to 10,000,000 USD. Traders are expected to show responsible trading practices. Lux Trading Firm offers different account types including Forex, Indices & Commodities, Stocks, and Crypto. The firm has a unique evaluation process where traders can start with an account size that fits their needs. The evaluation process involves different stages. For instance, a $50,000 account can grow up to a $10,000,000 account in 8 stages. The firm also offers a refund of the enrollment fee after successful completion of the Evaluation and Advanced stages. Once a trader reaches the Professional account stage, the profit targets are 10% to continue to the next stage until reaching the 10 million Fund Manager stage. Profits are split in a ratio of 75% to the trader and 25% to Lux Trading Firm. Traders are paid by Direct Bank Transfer (UK, EU, and international), through Wise-wallet, Crypto. Lux Trading Firm allows EAs that are created by the trader (trader’s intellectual property). EAs developed by a third party, are prohibited. Before entering the market, each trader is required to place a Stop Loss order.

Who should sign up with Lux Trading Firm?

Lux Trading Firm is a prop trading firm that offers a unique opportunity for forex traders. Traders who are looking to trade with substantial capital, up to $10,000,000. , should consider signing up with Lux Trading Firm. The firm provides real trading capital and partners with regulated A-book brokers. They offer different starting amounts of funding, ranging from $25,000 to $1,000,000. Lux Trading Firm is ideal for traders who appreciate the flexibility of no time limits on profit targets. The firm also offers a competitive profit split, with traders receiving up to 75% of the profits. Lux Trading Firm is suitable for traders who value a firm with a solid reputation. The firm also provides the option to trade on either MetaTrader 4 or TradingView. , catering to different trader preferences. In conclusion, Lux Trading Firm is a great choice for forex traders who are serious about building a trading career and are able to trade responsibly.

Who should NOT sign up with Lux Trading Firm?

Individuals who should consider not signing up with Lux Trading Firm include:. Inexperienced Traders: Forex trading is a complex and risky endeavor. Lux Trading Firm is a legitimate prop firm that offers a great opportunity for traders to receive a funded account. However, it requires a solid understanding of forex markets and trading strategies. Inexperienced traders might find it challenging to navigate the intricacies of forex trading and could incur substantial losses. Traders Uncomfortable with Leverage: Forex trading often involves the use of leverage, which can result in losses exceeding the initial investment. Traders who are uncomfortable with the risks associated with leverage might want to reconsider signing up with Lux Trading Firm. Traders Expecting Simulated Trading Conditions: Some traders have reported that Lux Trading Firm’s platform behaves differently from simulated trading platforms. Traders expecting conditions similar to simulated trading might be disappointed. Traders Unwilling to Adapt to Platform-Specific Rules: Lux Trading Firm has specific rules and stipulations that may differ from other trading platforms. Traders unwilling to adapt to these rules might find Lux Trading Firm unsuitable. Traders Expecting Immediate Customer Support: Some users have reported poor customer support from Lux Trading Firm. Traders who expect immediate and comprehensive customer support might want to look elsewhere. Remember, it’s essential to thoroughly research and consider the risks before signing up with any trading platform. It’s also recommended to seek advice from financial advisors or professionals in the field.

Does Lux Trading Firm offer Discounts, Coupons, or Promo Codes?

According to the web search results, Lux Trading Firm does offer discounts, coupons, or promo codes for its clients. Some of the coupon codes available are:. WETHRIFT5: This code gives customers 5% off at Lux Trading Firm. PROPFIRMS10: This code gives customers 10% off at Lux Trading Firm. LUXBLACKFRIDAY: This code gives customers 30% off at Lux Trading Firm. These coupon codes are valid for a limited time and may have some terms and conditions. To use them, you need to visit the Lux Trading Firm website and enter the code at the checkout page. You can also find more information about Lux Trading Firm and its services on its website. or on other online platforms. I hope this helps you save some money while trading with Lux Trading Firm. ?.

Which Account Types are offered by Lux Trading Firm?

Lux Trading Firm offers a variety of account types to cater to the diverse needs of traders. The first type is the CFD Account, which allows trading in Forex, Indices, and Commodities. The second type is the Stocks Account, providing access to over 2,000 stocks. The third type is the Crypto Account, which includes the most popular coins. In addition to these, Lux Trading Firm offers two types of trading accounts: The Lux Career Trading Plan (the standard option) and the Lux Elite Traders Club. The firm provides traders with the opportunity to manage accounts ranging from $25,000 to $200,000 and grow their balances up to $10 million. The enrollment fee is fully refunded after successful evaluation, and when trading on a real account, the firm leaves traders with 75% of their profits. Traders can use any trading strategy, but cannot copy trades or apply third-party advisors. Lux Trading Firm’s official partners are Credit Suisse and Goldman Sachs banks, and the company’s liquidity provider is an Australian internationally regulated broker Global Prime.

How to Open a Lux Trading Firm LIVE Account?

Opening a Lux Trading Firm LIVE account involves a few steps. First, select the evaluation funded trading accounts program that suits your trading style. Lux Trading Firm offers different account types including Forex, Indices & Commodities, Stocks with over 2,000 stocks, and Crypto with the most popular coins. You can start with a $50,000 Evaluation and grow all the way up to a $10,000,000 account in 8 stages. Alternatively, you can start with a $200,000 Evaluation and grow all the way up to a $10,000,000 account in 6 stages. The best deal is to start with a $1,000,000 Evaluation and grow all the way up to a $10,000,000 account in 3 stages. Once you have selected your account type and size, you will be able to select the trading platform of your choice. Lux Trading Firm offers its own platform, Lux Trader, built around premium TradingView charting & trading platform. They also offer Lux MetaTrader 5, a powerful and versatile trading platform widely used in the financial industry. After setting up your account, you will need to pass a two-phase challenge program to get access to a funded account. Once you have your Professional account, the profit targets are 10% to continue to the next stage until you reach the 10 million Fund Manager stage. Profits are split in a ratio of 75% to the trader and 25% to Lux Trading Firm. The professional account trader can request a withdrawal only once per month. The transactions will be processed within 3-5 business days. Traders are paid by Direct Bank Transfer (UK, EU, and international), through Wise-wallet, Crypto. Lux Trading Firm allows traders with a self-developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company.

How to Open a Lux Trading Firm DEMO account?

Opening a Lux Trading Firm DEMO account involves a few steps. First, visit the Lux Trading Firm website. Then, select the evaluation funded trading accounts program that suits your trading style. You can choose from a variety of account types and sizes, including Forex, Indices & Commodities, Stocks, and Crypto. The account size you choose will determine how quickly your account scales. Once you’ve selected your account type and size, you can start your evaluation. The evaluation involves trading on a demo account. If you successfully complete the evaluation, your enrollment fee is fully refunded. After the evaluation, you can start trading on a live account. Remember, you can use any trading strategy, but you cannot copy trades or apply third-party advisors.

If I violate the Trading Objectives of Lux Trading Firm do I get a second chance?

Lux Trading Firm, a well-known Prop Trading Firm, offers a unique opportunity for traders to manage accounts ranging from $25,000 to $200,000. The firm allows traders to use any trading strategy, but copying trades or applying third-party advisors is strictly prohibited. Violation of these rules may lead to account termination. However, the firm’s specific policies regarding second chances after a violation are not explicitly stated in the available information. It is recommended that traders thoroughly understand the trading objectives and rules of Lux Trading Firm before starting to avoid any potential violations.

How Are You Protected as a Client at Lux Trading Firm?

As a client at Lux Trading Firm, your protection is ensured through several measures. Firstly, Lux Trading Firm is a proprietary Forex trading company, meaning it provides funds for traders. This structure inherently offers a level of protection as you are trading with the firm’s capital, not your own. Secondly, Lux Trading Firm is registered in Montenegro, Slovakia, and the UK. While their services are not subject to regulation, they are legitimate according to existing laws. Furthermore, Lux Trading Firm works with a licensed broker, Global Prime, which is regulated in Australia, Seychelles, and Vanuatu. Importantly, Lux Trading Firm does not collect deposits, so they don’t need a license. You pay a fee to subscribe to a plan, go through an evaluation process, and if successful, funding is granted by the company. Lastly, Lux Trading Firm has measures in place to protect your account. They cannot be held liable for any misuse of login credentials and always assume that the client logging onto the platform is the party they profess to be. The client bears the full risk of all actions and transactions performed via their account. These factors collectively contribute to the protection of clients at Lux Trading Firm.

What are Lux Trading Firm AML ID requirements?

Lux Trading Firm, like other financial institutions in Luxembourg, is subject to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. These regulations require firms to have sufficient knowledge of the Luxembourg AML/CFT legal framework. As part of their due diligence measures, professionals are required to collect a proof of registration or an excerpt from the relevant register of beneficial owners when entering into a business relationship. The identification requirements of the ultimate beneficial owner are crucial, and reasonable measures should be taken to verify these requirements. The Obliged Entity or its representative must collect and register the information within one month as from the moment the Obliged Entity became aware or should have been aware of the event implying a registration or an amendment.

Which Deposit and Withdrawal options are available at Lux Trading Firm?

Lux Trading Firm, a brokerage firm that offers a wide range of market instruments and multiple advanced trading platforms to traders. , provides several options for deposit and withdrawal. The firm does not accept deposits. However, it offers four different account types with minimum deposit amounts of $25,000, $50,000, $100,000, and $200,000 respectively. As for withdrawals, Lux Trading Firm pays traders a 75% profit share on the Professional 25k, 50k, 100k, or 200k Accounts (Stage 3 and up), as long as the trader has made a net profit in the current month, relative to the High-Water Mark. All Professional 25k, 50k, 100k, or 200k Account stages profits are paid out during the week following the calculation of profits. Profits are calculated during the 1st weekend after the end of the month. The professional account trader can request a withdrawal only once per month. The transactions will be processed within 3-5 business days. Withdrawals are paid by Direct Bank Transfer (UK, EU, and international), through Wise-wallet, Crypto. Lux Trading Firm also offers its withdrawals paid by Bank transfer through Wise. It’s important to note that Lux Trading Firm operates without a license, raising concerns about its legitimacy and the level of protection provided to traders.

Which Funding methods or Deposit Options are available at Lux Trading Firm?

Lux Trading Firm, a proprietary Forex trading company, provides a unique funding model. Instead of depositing funds, customers subscribe to a plan and go through an evaluation process. Successful traders are then granted funding by the company. The firm offers funded accounts with up to $200,000 in balance. To access this, traders must pass a two-phase challenge program. As fully funded traders, they keep 75% of profits earned. The company provides many popular withdrawal options, including bank cards, bank transfers, and electronic wallets. Lux Trading Firm does not charge additional fees for these transactions.

What is the Minimum Deposit Amount at Lux Trading Firm?

According to the web search results, the minimum deposit amount at Lux Trading Firm varies depending on the account type and the evaluation stage. There are four options available: $25,000, $50,000, $100,000, and $200,000. The minimum enrollment fee is 149 GBP (after evaluation, enrollment fees are fully refunded). The firm also offers a profit share program for traders who pass the evaluation and advanced stages. However, it is important to note that Lux Trading Firm operates without a license. , which raises concerns about its legitimacy and the level of protection provided to traders. Regulation plays a crucial role in the financial industry by ensuring that brokers adhere to specific standards and guidelines, providing protection and security for traders. Regulated brokers are subject to oversight and must comply with strict rules regarding client funds, transparency, and fair trading practices. Therefore, traders should carefully consider the risks associated with an unregulated firm and conduct thorough research before making a decision. They should also be aware of other factors such as customer service, withdrawal methods, trading platforms, educational resources, and mentorship programs that Lux Trading Firm offers.

Which Withdrawal methods are available at Lux Trading Firm?

According to the web search results, Lux Trading Firm is a proprietary Forex trading company that provides funds for traders to trade currencies, stocks, indices, cryptocurrencies, etc. The company has four different accounts with different profit targets and profit shares. The company also has a maximum drawdown level and a relative drawdown level for each account stage. The withdrawal methods available at Lux Trading Firm are as follows:. Wire Transfer through Wise: This is the only withdrawal method offered by Lux Trading Firm. It is a fast and secure way to transfer money from your account to your bank account or another Wise account. The minimum withdrawal amount is $100 and the maximum is $10,000 per month. Bank Cards: Lux Trading Firm supports various bank cards as withdrawal options, such as Visa, Mastercard, Maestro, and UnionPay. You can use your bank card to withdraw money from ATMs or online banking platforms. The minimum withdrawal amount is $100 and the maximum is $10,000 per month. Electronic Wallets: Lux Trading Firm also allows you to withdraw money using electronic wallets such as Skrill, Neteller, Perfect Money, WebMoney, FasaPay, and Bitcoin. You can use these wallets to receive payments from other traders or platforms. The minimum withdrawal amount is $100 and the maximum is $10,000 per month. Lux Trading Firm does not charge any additional fees for withdrawals. However, you should be aware of the fees charged by your bank or payment provider for each transaction. You should also check the exchange rate applied by Lux Trading Firm when converting your currency. I hope this answer helps you understand the withdrawal methods available at Lux Trading Firm. ?.

How can I Withdraw Money from Lux Trading Firm Step by Step?

To withdraw money from Lux Trading Firm, follow these steps:. Ensure you have a Professional Account: Lux Trading Firm allows withdrawals for traders with a Professional account. The profit targets for a Professional account are 10% to continue to the next stage until you reach the 10 million Fund Manager stage. Check your Profit Share: Lux Trading Firm pays traders a 75% profit share on the Professional 25k, 50k, 100k, or 200k Accounts (Stage 3 and up), as long as the trader has made a net profit in the current month, relative to the High-Water Mark. Request a Withdrawal: A professional account trader can request a withdrawal only once per month. Wait for Processing: The transactions will be processed within 3-5 business days. Choose a Withdrawal Method: Lux Trading Firm provides many popular withdrawal options, including bank cards, bank transfers, and electronic wallets. They do not charge additional fees. Remember, trading involves risk and it’s important to trade responsibly. Always ensure you understand the terms and conditions of the trading firm before proceeding.

Does Lux Trading Firm Payout?

Lux Trading Firm, a proprietary trading firm, is known for providing real trading capital to forex traders. The firm offers a profit split of 75% for all its programs. This payout is given to traders on the Professional 25k, 50k, 100k, or 200k Accounts (Stage 3 and up), as long as the trader has made a net profit in the current month, relative to the High-Water Mark. While there are other proprietary firms with higher payouts, a 75% profit split is considered to be the industry standard. Lux Trading Firm is highly rated for its real money funding, reputation, and its aggressive scaling program up to $10,000,000.

Which Fees are charged by Lux Trading Firm?

Lux Trading Firm, a proprietary Forex trading company, charges a reset fee of £250 if your balance goes below 96% of your initial balance. Their costs and spreads vary between $7 to $9.50 round-turn per lot. The minimum enrollment fee is 149 GBP, which is fully refunded after evaluation. These fees are associated with the firm’s services, which include providing trading capital and an account with a Forex broker. It’s important to note that while Lux Trading Firm provides the capital for trading, they also have requirements and usually want customers to pass evaluation cycles before real funds are released.

What can I trade with Lux Trading Firm?

Lux Trading Firm offers a variety of trading options for forex traders. They provide fully funded accounts of up to 10,000,000 USD. The firm trades real money in all its professional stage accounts. Lux Trading Firm offers different account types including Forex, Indices, and Commodities. They offer a unique platform, The Lux Trader, built around premium TradingView charting & trading platform. Lux MetaTrader 5 is another platform they offer, which is a powerful and versatile trading platform widely used in the financial industry. Lux Trading Firm also offers a scaling plan up to $10,000,000. They offer 5 different starting amounts of funding, ranging from $25,000 to $1,000,000. Lux Trading Firm allows you to trade multiple instruments including forex, indices, commodities, stock, bonds, shares and CFDs. Lux Trading Firm is a trusted prop trading firm that allows you to trade any symbol on their trading platforms that their current broker Global Prime offers (limited to Forex, Indices, Commodities, and Metals) in any trading style.

Which Trading Platforms are offered by Lux Trading Firm?

Lux Trading Firm offers a variety of trading platforms for forex trading. The Lux Trader is their proprietary platform, built around the premium TradingView charting and trading platform. It connects directly to liquidity providers and includes premium TradingView functionality. The Lux Trader is powered by TradingView, which provides best-in-class charting tools, live market data, a comprehensive analytical suite, and trading integrations. Global Prime is another platform used by Lux Trading Firm. It is a popular trading platform used by traders and brokers worldwide. MetaTrader 4 is also offered by Lux Trading Firm. It is a widely used platform in the financial industry. MetaTrader 5 is a powerful and versatile trading platform that offers advanced technical analysis tools and automated trading capabilities. TraderEvolution is Lux Trading Firm’s flagship trading platform. It provides traders with comprehensive tools to optimize their trading strategies and improve risk management.

Which Trading Instruments are offered by Lux Trading Firm?

Lux Trading Firm offers a wide range of trading instruments. In the context of forex, they provide the opportunity to trade various currency pairs. These include major pairs like EUR/USD and GBP/USD, as well as minor and exotic pairs like AUD/CAD, NZDCAD, EURSEK, and USDHUF. The firm’s proprietary platform, The Lux Trader, is powered by TradingView, a leading charting platform. It offers over 100 indicators for popular trading strategies and allows users to save templates. Traders can plan their trades with more than 90 drawing tools and multiple chart types. The Lux Trader also features a powerful terminal for informed trading. It allows live trading on charts with drag-and-drop execution and a responsive order panel. Traders can keep track of their assets of interest in multiple watchlists with sorting functionality. In addition to forex, Lux Trading Firm also offers trading in indices like S&P 500, FTSE 100, NIKKEI 225, commodities such as gold, silver, oil, stocks including Tesla, Microsoft, Apple, and cryptocurrencies like BTC, ETH, LTC.

Which Trading Servers are offered by Lux Trading Firm?

Lux Trading Firm offers two main trading platforms for forex trading. The first is The Lux Trader, which is their proprietary platform built around the premium TradingView charting and trading platform. This platform is directly connected to liquidity providers, offering optimal trading conditions. The second platform offered by Lux Trading Firm is MetaTrader 5. This platform is known for its advanced technical analysis tools and automated trading capabilities, providing a comprehensive and efficient trading experience. It’s important to note that the data used to construct the dashboard of these platforms is retrieved in an automatic electronic way from the server of the broker using the internet. This ensures real-time data for traders but can be subject to errors or delays in communications.

Which are the Base Currencies supported by Lux Trading Firm?

According to the web search results, Lux Trading Firm is a prop trading firm that offers funded trading accounts for forex, stocks, crypto, and CFDs. The base currencies supported by Lux Trading Firm are USD, EUR, GBP, AUD, CAD, JPY, and CHF. These are the most widely used and traded currencies in the forex market. Lux Trading Firm also allows traders to trade other instruments such as cryptocurrencies, stocks, bonds, indices, and commodities through its liquidity provider Global Prime. Lux Trading Firm has four account types: CFD Account, Stocks Account, Crypto Account, and Forex Account. Each account type has different requirements and benefits. For example, the Forex Account requires a minimum deposit of 149 GBP and offers a profit target of 5% per month. Traders who successfully complete the evaluation on a demo account get their enrollment fee fully refunded. Traders who trade on a live account keep 75% of their profits. Lux Trading Firm claims to have a reliable liquidity provider and a KPMG qualification certificate. It also provides traders with access to its proprietary dashboard, where they can monitor their performance and track their progress. Lux Trading Firm does not allow copy trading or third-party advisors on its platforms. Lux Trading Firm is one of the many prop trading firms that offer funding for forex traders who want to trade with real capital and build a real career. However, before opening an account with any prop trading firm, it is important to do thorough research and analysis of the company’s reputation, track record, fees, terms and conditions, and customer reviews. Prop trading is not regulated by any authority and involves high risks of losing money. If you have any other questions about forex or prop trading firms, please feel free to ask me ?.

Can I trade Crypto with Lux Trading Firm? Which crypto currencies are supported by Lux Trading Firm?

Yes, Lux Trading Firm does offer the opportunity to trade cryptocurrencies. They provide a platform for funded crypto trading, free of time limits or pressure to make quick profits. This allows traders to trade with real capital and build a real career. Lux Trading Firm supports an extensive portfolio of 500 cryptocurrencies. This includes established cryptocurrencies like Bitcoin and Ethereum, as well as emerging altcoins and tokens. This wide array of crypto instruments provides traders with unparalleled diversity. However, it’s important to note that there seems to be conflicting information about Lux Trading Firm’s support for cryptocurrency trading. Therefore, it’s recommended to directly contact Lux Trading Firm for the most accurate and up-to-date information.

What is the Leverage on my Lux Trading Firm Trading Account?

Leverage in a Lux Trading Firm account refers to the use of borrowed capital to increase the potential return of an investment. In the context of forex trading, leverage allows you to control a larger amount of money with a smaller investment. Lux Trading Firm is a prop trading firm that offers funded trading accounts. They provide traders with real capital to trade and offer different account sizes, including $50,000, $200,000, and $1,000,000. The firm allows traders to scale up their accounts through various stages. For instance, a trader can start with a $50,000 evaluation account and grow it up to a $10,000,000 account in 8 stages. The profit targets for these accounts vary. For a $50,000 account, the profit target is $3,000 in the evaluation stage and $2,000 in the advanced stage. For a $200,000 account, the targets are $12,000 and $8,000, respectively. Once a trader reaches the professional account stage, the profit targets are 10% to continue to the next stage until they reach the $10,000,000 Fund Manager stage. Profits are split in a ratio of 75% to the trader and 25% to Lux Trading Firm. It’s important to note that while leverage can magnify profits, it can also magnify losses. Therefore, it’s crucial to use leverage responsibly and understand the risks involved.

How can I change the Leverage on my Lux Trading Firm Trading Account?

Lux Trading Firm offers a variety of trading accounts, each with its own set of rules and benefits. The leverage provided by Lux Trading Firm is typically 10:1. Upon successfully completing your evaluation, you receive a refund of your evaluation fee. Once you have your funded account, you are rewarded with a 75/25 profit split on your Advanced account. The rules change slightly once you have your funded account. You must achieve a 10% profit target in order to scale to the next level. Please note that Lux Trading Firm allows traders with a self-developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company. It is prohibited to copy your trades to other than your own trading account(s). If you have further questions, it’s recommended to reach out to Lux Trading Firm directly for more specific information about changing the leverage on your trading account.

What kind of Spreads are offered by Lux Trading Firm?

Lux Trading Firm, a brokerage firm that offers a wide range of market instruments and multiple advanced trading platforms to traders. They provide flexible leverage options, an account evaluation program with a refund, and a significant profit share to traders. The Lux Trader platform allows for a maximum leverage of 1:30 on Forex. Lux Trading Firm offers a wide range of market instruments for traders to trade on their platform. Traders can choose from various asset classes, including Forex, Indices, Commodities (such as Metals and Energies), Equity CFDs, and Cryptocurrencies. Lux Trading Firm’s partnered broker is Global Prime. Their costs and spreads vary between $7 to $9.50 round-turn per lot. All of these pairs come with tight spreads and low transaction costs.

Does Lux Trading Firm offer MAM Accounts or PAMM Accounts?

Lux Trading Firm, a trusted prop trading firm, offers a variety of funded trading accounts. However, there is no explicit mention of MAM (Multi-Account Manager) accounts in the available information. On the other hand, Lux Trading Firm does allow traders with a self-developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company. This suggests a system similar to PAMM (Percentage Allocation Management Module) accounts, where profits are distributed among investors, partners, and traders. It’s important to note that Lux Trading Firm prohibits duplicating trades and orders by using a copy trading service offered by any one provider. In conclusion, while Lux Trading Firm does not explicitly offer MAM accounts, it does provide a service similar to PAMM accounts within its trading platform.

Does Lux Trading Firm allow Expert Advisors?

Lux Trading Firm, a prop trading firm based in the UK, offers a variety of services to both novice and experienced traders. One of the key features of Lux Trading Firm is its support for Expert Advisors (EAs). EAs are automated trading systems that can execute trades on behalf of the trader. They are particularly popular among forex traders, as they can help to streamline the trading process and potentially enhance profitability. However, it’s important to note that while Lux Trading Firm does allow the use of EAs, they must be your own. The use of third-party EAs is prohibited. This is because Lux Trading Firm believes that the use of third-party EAs does not showcase individual trading skills. Despite this restriction, Lux Trading Firm does permit the use of third-party EAs as supportive tools for your strategy, as long as they do not have a trade execution option and place a stop order with the order. In conclusion, Lux Trading Firm does allow the use of Expert Advisors, but with certain conditions. This allows traders to benefit from the advantages of automated trading, while still demonstrating their individual trading skills.

Does Lux Trading Firm offer Copytrading?

Lux Trading Firm, a trusted proprietary trading firm, offers a variety of services and features to its traders. However, it is important to note that Lux Trading Firm does not offer copy trading services. Copy trading services, which allow traders to duplicate trades and orders using a service offered by a provider, are prohibited at Lux Trading Firm. This restriction is in place to ensure that individual trading skills are demonstrated, as third-party Expert Advisors (EAs) and copy trading do not necessarily reflect the trader’s own abilities. While Lux Trading Firm does not permit the use of third-party EAs or copy trading, it does allow traders to use EAs that they have created themselves. This means that traders can use their own self-developed strategies on the Lux trading platform. In addition to this, Lux Trading Firm allows traders to use the Lux trading platform as the Master account and copy the trades to other accounts (referred to as ‘Slave’ accounts) that belong to the trader or their company. This feature is designed to support traders who have developed their own unique trading strategies. In conclusion, while Lux Trading Firm offers a range of features and services to support its traders, it does not offer copy trading services. Instead, it encourages traders to develop and implement their own unique trading strategies.