Overview
Lux Trading Firm is a London-based proprietary trading firm that offers a 3-step challenge evaluation process for Forex traders, with a maximum allocation of $10M and an 80% profit split. The firm has established a professional reputation and is known for its high scaling capabilities. With its founding in 2021, Lux Trading Firm has quickly made a name for itself in the industry.
Challenge Structure & Pricing
The 3-step challenge evaluation process at Lux Trading Firm is designed to test a trader's skills and risk management abilities. The starting price for the challenge is $149, which is higher than some of its competitors. However, the firm's multi-tier evaluation process is designed to ensure that only the most skilled traders are accepted into the program.
Profit Split & Payouts
Lux Trading Firm offers an 80% profit split, which is competitive with other proprietary trading firms in the industry. The firm also offers monthly payouts, which provides traders with a regular stream of income. However, it is worth noting that the firm's profit split is not the highest in the industry, and some traders may be deterred by the lower split.
Trading Conditions
Lux Trading Firm offers support for multiple platforms, including MT4, MT5, and Match-Trader. The firm also offers a wide range of assets, including Forex, Indices, Metals, Stocks, and Energy. The maximum drawdown allowed is 5%, which is relatively standard for the industry. The firm's instant funding feature also allows traders to start trading with a live account quickly.
Trust & Reputation
Lux Trading Firm has a Trustpilot score of 4/5, based on 623 reviews. This suggests that the firm has a generally positive reputation among its traders. However, it is worth noting that the firm is relatively new, having been founded in 2021, and may not have the same level of established reputation as some of its competitors.
Who Is It Best For?
Lux Trading Firm is best suited for experienced Forex traders who are looking for a professional and established firm with high scaling capabilities. The firm's multi-tier evaluation process and high profit split make it an attractive option for skilled traders who are looking to take their trading to the next level.
The Bottom Line
Overall, Lux Trading Firm is a solid option for Forex traders who are looking for a professional and established firm with high scaling capabilities. While the firm's higher price point and complex evaluation process may be deterrents for some traders, its competitive profit split and monthly payouts make it an attractive option for skilled traders. However, traders should carefully consider their own needs and goals before deciding whether Lux Trading Firm is the right fit for them.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
