Lux Trading Firm Review

Founded in 2020, Lux Trading Firm is a leading prop trading firm based in London. With an experienced team of traders, a dedicated trade and risk desk, and their development, technology staff, and back office, they are well-equipped to provide our clients with the best trading experience possible.

At Lux Trading Firm, they understand the importance of risk management, which is why they have developed a strong focus on risk mitigation strategies. In addition, they employ advanced analytics tools to help traders identify risk areas and create strategies to maximize profitability while minimizing risk.

In addition to its emphasis on risk management, Lux Trading Firm also offers comprehensive trading education and mentoring programs. They provide traders with access to their state-of-the-art trading platform, as well as offering webinars and seminars to develop traders' skills further.

The Lux Trading Firm team is committed to delivering maximum value to their clients and strives to ensure a positive and successful trading experience. Their traders can access comprehensive market data, professional-grade analysis, and cutting-edge technical resources.

Safety information

This prop trading platform offers traders a safe and secure trading environment. Lux Trading Firm works with Tier-1 regulated and liquidity providers to ensure that all profits from trading are securely placed.

Their profits are placed using A-book, which provide access to real bank liquidity providers. This ensures that traders can take advantage of the latest market opportunities in a safe and secure manner.

As they have tie-ups with several big banks and liquidity providers, traders can rest assured that their profits will be paid out promptly. You can also check their letter of authenticity here.

They also offer traders the opportunity to have their accounts audited by one of the world’s most renowned auditing firms, providing a reliable and secure audit track record. This information can be used in the future if traders choose to pursue a career in banking, hedge funds, or asset management. This facility is available to those who have been trading with them for more than one year. Traders can use this service here.

Robust trading platform for prop traders

Prop trading refers to trading securities with a firm's money instead of client funds. At Lux Trading Firm, they offer traders access to their robust proprietary trading platform, which allows for a wide variety of trading strategies. The platform is built on cutting-edge technology and features advanced analytics tools to help traders identify market trends and perform risk management strategies.

The trading platform works on profit-sharing arrangements, with the firm taking a percentage of the profits and losses generated from trading activities. This allows traders to maintain their focus on trading without worrying about the risks and rewards associated with trading. Let's look at all available trading platforms of Lux Trading Firm.

Lux Trader TradingView

The Lux TradingView is a unique platform based on the popular TradingView platform. This integration, together with Lux Trading Firm's direct ties to liquidity providers, seeks to provide an excellent trading experience under competitive terms.

The trading platform offers advanced charting tools, real-time market data, and a suite of strong analytics, making it suitable for demanding traders. It prioritizes speedy execution and user-friendly visual trading tools in a next-generation web-based environment. In addition, the platform provides drag-and-drop order execution, extensive watchlists, multi-layout displays, and powerful risk management capabilities to help traders make informed decisions.

Lux MetaTrader 5

Lux MetaTrader 5 provides traders with a comprehensive analysis and trading platform built on the well known MetaTrader 5 software. The platform is well-known for its extensive features, which enable traders in a variety of fields.

To start with, it offers a complete set of charting tools, including over 80 technical indicators and graphical objects, allowing for in-depth research of market trends and price dynamics.

Secondly, MetaTrader 5 simplifies fundamental research by including built-in access to real-time economic and industry data, which provides useful insights for displaying future price movements.

Finally, the platform supports a wide range of trading methods, including netting and hedging systems, as well as a variety of order types (market, pending, stop, and trailing stop orders) and execution modes to satisfy individual trading goals.

Become a full-fledged career trader

Being a proprietary trading platform, Lux Trading Firm has a wealth of resources to offer traders, including educational materials and customer support. The firm also provides traders with access to their sophisticated trading platforms, which include free funding of up to 10 million USD.

On this platform, traders don't have any limits or pressure to make quick profits, as they can focus on trading responsibly and take the time to develop their skills. The platform also allows traders to prove their profitability by earning 6% and demonstrate their ability to manage risk by not losing more than 6% of the capital.

Moreover, traders who prove their ability to trade responsibly and make profits can keep 75% of the profits they make while simultaneously scaling up their accounts to 10 million USD. Moreover, Lux Trading Firm provides its traders with a wide range of educational materials to help them succeed, such as webinars, trading guides, and more.

There is no maximum time limit to reach a particular profit target in any of the stages, making Lux Trading Firm an ideal platform for traders who want to become full-fledged career traders. This platform is highly recommended for those who want to become professional traders and want to work with a trusted partner that provides the best resources and tools.

Account types

They offer 3 account types:

$50,000 Evaluation

With this account, traders can start trading with a minimum deposit of £299 and get 50% refunded after Stage 1 and another 50% after Stage 2. The Evaluation Account offers access to the full range of features, including automated trading strategies and backtesting capabilities.

With this account type, traders can grow their account from $50,000 all the way up to a $10,000,000 account in 9 stages. This is an ideal platform for traders who are learning about their trading and want to take the time to test their skills.

$200,000 Evaluation

The $200,000 Evaluation Account has a minimum deposit of £599 and offers access to all the same features as the $50,000 Evaluation Account. However, this account also offers traders a 50% refund after Stage 1 and another 50% after Stage 2.

With a deposit of £599 for the $200,000 Evaluation Account, traders can grow their account up to a $10,000,000 account in just eight stages. This is an ideal platform for those who are serious about trading and want to take advantage of Lux Trading Firm's resources and tools.

As traders get the support of up to 10 million USD and 75 percent of their profits, this account offers the best return on investment. With this account, traders can prove their profitability and ability to manage risk.

$1,000,000 Evaluation

The $1,000,000 Evaluation Account is the most comprehensive account type offered by Lux Trading Firm. It requires a minimum deposit of £1,499 and provides access to all the features available with the other accounts.

With this account, traders can grow their accounts from $1,000,000 up to $10,000,000 in just 6 stages. This is a great account for traders looking for a long-term career in trading and who want to take the time to develop their strategies.

This account offers traders access to live trading after stage 1 evaluation. Moreover, this account offers traders access to advanced analytics, including detailed risk management and position sizing tools, which can help them succeed in the long term.

The best part about all the trading accounts is that forex traders try them before they commit to long-term investments.

Securities available for trade

Forex

At Lux Trading Firm, they offer traders access to the most popularly traded currencies, such as EURUSD, GBPUSD, USDJPY, USDCAD, and AUDCAD. All of these pairs come with tight spreads and low transaction costs, allowing traders to maximize their profits.

Traders can trade minor and exotic pairs like NZDCAD, EURSEK, and USDHUF. Our professionals can always help traders choose the best pair for their trading style. The most popular platform for trading in the Forex market is MetaTrader 4.

Indices

At Lux Trading Firm, we offer traders access to major stock indices, including the S&P 500 Index (SPX), NASDAQ 100 Index (NDX), FTSE 100 Index (FTSE), and Dow Jones Industrial Average (DJIA). All of these indices can be traded with tight spreads and low transaction costs.

Traders can also trade other popular indices like the Russian RTS Index, the Nikkei 225 Index, and the FTSE MIB Index. Their professionals are always available to help traders identify the best instrument for their trading style. Indices trading is ideal for traders who are looking to diversify their portfolios.

Commodities

Commodity trading is a popular option for traders who are looking to diversify their portfolios. At Lux Trading Firm, they offer traders access to some of the most popular commodities, such as gold, silver, crude oil, and natural gas. They also provide access to rarer commodities such as sugar, cocoa, coffee, and cotton.

As commodity trading offers higher risk, it is essential to ensure that traders manage their positions and risks responsibly. Lux Trading Firm provides access to tools such as the Risk Manager and Position Sizer which can help traders ensure they are properly managing their positions.

Stocks

Lux Trading Firm allows traders to trade a wide selection of stocks, including blue-chip businesses listed on major international exchanges. This provides exposure to a variety of sectors and businesses, allowing traders to create well-rounded portfolios.

Depending on their unique methods, traders can access both popular stocks and less actively traded options.

Crypto

Along with traditional markets, Lux Trading Firm allows traders to access popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others. This solution enables traders to potentially profit from the volatility of the bitcoin market by providing competitive spreads and complex trading tools.

Profit target and profit sharing

Evaluation and Advanced Stage Targets

Lux Trading Firm offers various account options, each with a specified profit target. Traders must meet these targets in order to move forward with the evaluation process. The $200,000 Evaluation Account has an evaluation stage target of $12,000 and an advanced stage target of $8,000. The $50,000 Evaluation Account objectives are $3,000 (Evaluation Stage) and $2,000 (Advanced Stage). The $1MM Special Account, which has only one evaluation stage, has a target of $150,000.

Refund Policy

Traders who successfully complete the Evaluation stage will earn a 50% refund of their initial expenses. After passing the Advanced stage, users will receive an additional 50% refund. It's worth noting that this refund policy does not apply to one-stage evaluation accounts.

Profit Sharing and Withdrawals

Once a trader reaches the Professional Account stage (or higher), profit targets are established at 10% to advance to the next step. There are no time constraints to meet these objectives. Lux Trading Firm follows a profit-sharing model, with 75% of earnings going to the trader and 25% to the firm. Traders at the Professional (and above) stage can request one withdrawal per month, with transactions normally completed within 3-5 business days.

Maximum loss limit

When it comes to managing risk, Lux Trading Firm offers traders the highest level of security. They have set a maximum loss limit for each account type to ensure that traders can manage their risks responsibly.

The maximum relative drawdown for the Evaluation and Advanced stages in the Lux Career Plan Funded Trading Program is 6%. The maximum hybrid drawdown for the Professional and Expert stages in the Lux Career Plan Funded Trading Program is 6%.

Their hybrid drawdown level works like a combination of a fixed and relative drawdown. This means that when the drawdown hits 6%, all open positions will be immediately closed, and the remaining funds in the account balance will remain untouched.

Elite Trader's Club

The prop firm also offers an Elite package that comes with a range of exclusive benefits. This package lets traders take their trading to the next level with access to exclusive educational content, daily market updates, a risk desk, professional analytics software, and even the possibility of getting mentorship from experienced traders.

The Elite package is ideal for those who seek to take their trading skills to the next level and ensure consistent profits in the long term. Whether you're a beginner looking for a helping hand or an experienced trader looking to expand your knowledge, the Elite package is perfect for you!

Their experienced individuals work with traders from all over the world to actively manage positions and provide strategies that best fit their trading style. Features you get at Elite trader's club:

Daily Live Trading Room

The daily live trading room provides traders with an exclusive environment to access the latest market news and analysis. Professional analysts host these sessions, which include technical and fundamental analysis, as well as live Q&A sessions.

The sessions are designed to help traders develop their skills and understand the markets better so they can make more informed trading decisions. They also offer a variety of tools and techniques to help traders gain an edge over their competition.

The daily live trading room is available to all members of the Elite Trader's Club, and it also gives members exclusive access to new strategies, analysis, and market news.

Mentorship

The Elite Trader's Club also offers mentorship opportunities to its members. Experienced traders and mentors provide support, advice, and guidance to help traders develop their trading knowledge and skills.

They offer personalized coaching sessions in which traders can work one-on-one with an experienced trader and discuss topics such as risk management, strategy development, market analysis, and more.

The mentorship program is designed to help traders reach their trading goals by providing them with the knowledge and tools they need to be successful.

Educational content

The Elite Trader's Club also offers exclusive educational content to its members. This includes video tutorials, webinars, and trading articles. The content provides traders with an in-depth understanding of the markets and helps them develop their trading strategies.

Lux Trading Firm also hosts regular webinars for its members where experienced traders and analysts provide insights into the markets and share their strategies. These webinars give traders an opportunity to learn from some of the best in the business and gain valuable trading knowledge.

Risk management desk

Lux Trading Firm's Elite package also comes with a risk management desk. This feature provides traders with access to professional analysis tools and techniques to help them manage their risk and ensure consistent profits.

Their experienced mentors will work with you to develop a risk management plan that best fits your trading style and goals. This allows traders to make informed decisions and execute trades with confidence.

Overall, Lux Trading Firm offers a comprehensive package of exclusive benefits for its members. Their experienced professionals provide support, guidance, and tools to help traders take their trading skills to the next level.

1-on-1 mentorship

If you need one-on-one support and guidance, the platform also offers 1-on-1 mentorship. Experienced traders will come on call to provide you with personalized coaching and advice suited to your trading style. They will also help you develop a risk management plan that fits your goals, so you can make informed decisions and execute successful trades.

Whether you're a beginner looking for assistance or an experienced trader wanting to learn more, Lux Trading Firm's mentorship program will provide you with the support and guidance you need to succeed. You can buy single or multiple meeting credits based on your needs. Below is the pricing structure of their 1-on-1 mentorship:

1 meeting

If you need more information or just want some extra guidance on your trading journey, you can book one 60-minute 1-on-1 personal session with one of their mentors. For a one-time payment of £125, you'll get the chance to learn from experienced traders and gain valuable insights into the markets.

3 meetings

If you're looking for a more in-depth approach to learning, you can book three 60-minute 1-on-1 personal sessions with one of Lux Trading firm's mentors. For a one-time payment of £365, you'll get the chance to discuss your trading goals and develop a risk management plan suited to your needs three times.

5 meetings

For a more comprehensive learning experience, you can book five 60-minute 1-on-1 personal sessions with their team. For 5 meetings, you'll pay a one-time fee of £595, and your mentor will be available to provide guidance and advice throughout the five meetings.

Lux Trading Review in a Nutshell

Overall, Lux Trading Firm provides a comprehensive package of services and tools to help traders reach their trading goals. This prop trading platform offers exclusive educational content, access to professional analysis tools, and one-on-one mentorship sessions with experienced traders. Whether you're a beginner or an experienced trader, the platform has something for everyone.

FAQs

What is Lux Trading Firm?

Lux Trading Firm is a prop trading platform that provides traders with multiple funded accounts and exclusive educational content to help them become successful traders.

What kind of tools does Lux Trading Firm provide?

Lux Trading Firm provides its members with access to professional analysis tools and techniques to help them manage their risk and ensure a consistent trading experience. They also offer 1-on-1 mentorship sessions with experienced traders.

What is the pricing structure of Lux Trading Firm's 1-on-1 mentorship?

For 1 meeting, it's £125, for 3 meetings it's £365, and for 5 meetings it's £595.

Do I need to be an experienced trader to use Lux Trading Firm?

No, Lux Trading firm is suitable for both beginner and experienced traders. Traders can start their journey toward becoming successful traders with the help of the platform's educational content and mentorship sessions.

How is Lux Trading Firm different from other trading platforms?

Lux Trading Firm is a proprietary trading platform, meaning it provides its members with funded accounts. On the other hand, other trading platforms require traders to use their own funds