LUX TRADING REVIEWS
Lux Trading is a leading prop firm based in the united kingdom with traders from over 80 countries around the world. The firm is still on the look out for potential traders to train and equip for the forex world market place, while offering three account sizes with a promising profit split plan.
This article is an unbiased review of Lux Trading prop firm, their trading policies, terms and conditions.
- Location; 160 City Road, London EC1V 2NX
- Year of Establishment; 2020
- License and registration; Company registration number: 13160991 (registered in UK)
- Number of verified traders;Not Specified
- Amount of Payout; Not specified
- Broker; Global Prime
Lux Trading Package/Rules
Lux Trading unlike other prop firms operate a low leverage rate of 10:1 and offer three different account sizes for their evaluation challenge. Below is an explanation of the three different account sizes and Trading plans.
Traders on each of those accounts have an equal opportunity of scaling up to the maximal $2,500,000 albeit in various number of stages. Traders on the $5,000 will go through 7 stages, while traders on the $10,000 and $15,000 require 6 and 5 stages respectively.
What Makes Lux Trading Different from other Prop Firms?
The distinguishing factor between Lux trading prop firm and other prop firm is their risk management team (desk) that assist Traders who have issues with trading issues and provide them with prompt solutions.
Also, another benefit of trading with Lux Trading that there is no time frame on how long it will take you to reach the profit Target, Sounds good right?
Is Lux Trading A Scam Prop Firm?
Lux Trading is a legit prop firm. With what different Traders from across the world have to say concerning the firm, we can conclude that Lux Trading is genuine.
READ: True Forex Funds: Everything You Need to Know about TFF
Lux Trading Review – What traders are saying
Here are a few of what traders are saying about Lux Trading on trustpilot:
6 days ago
Amazing prop firm
Amazing prop firm. I thought it was impossible to find a prop firm without time limits. But then I found Lux and I am working with them ever since. 4% DD can be scary at first, but when you get use to the fact, that you can take your time trading, then it is no problem at all. Honestly, I can’t imagine trading again on accounts with ridiculous profit targets with even more ridiculous time limits. It takes all the joy from trading. I can’t believe what I was missing out on. 5 stars.
Aug 8, 2022
I love the option to choose from 3 platforms. More prop firms should have tradingview. It makes it so much easier. Also very quick support.
Jul 20, 2022
Very efficient and helpful
I had a mix up when ordering a product, the upshot is that I paid to much and wanted to sort it out…..within 10 minutes chatting with them the adjustment was made and everything was corrected. Talk about efficient, definitely a company I can trust. Thankyou.
3 days ago
am happy with the response support team,
A must for any serious traders
Lux trading firm is definitely a must for any serious traders.
• Customer service: helpful, concise and responsive
• Brokers : Global Prime, excellent spreads
• Rules: No time limit + relative DD rule makes you a better trader with no doubt
If you’re struggling with their minimum trading days, JUST GO FOR IT AND FORGET IT, try to do your best in each trading setup and you will soon be a disciplined and consistency profitable trader.
Jul 17, 2022
They’re very very professional
They’re very very professional. I really love my experience with them so far. I think in the near future they’ll be the go to prop trading firm everybody’s going to talk about. From their dashboard platform to their customer care support, they’ve been awesome.
Does Lux Trading Allow EA’s?
Lux Trading Prop Firm accept trader-developed EAs (trader’s intellectual property). EAs created by a third party are not allowed because they do not demonstrate the trader’s unique trading abilities.
Does Lux Trading Allow Copy Trading
Lux Trading Firm expressly forbids duplicating trades and orders from external copytrading applications.
When trades are duplicated across multiple trading accounts, the firms algorithms will detect this and automatically close the repeated deals. No refunds or resets will be permitted, and you might be kicked out of the program.
Click here to check the list of prop firms that allow copy Trading.
Lux Trading Education
Lux Trading offer varieties of education to assist and equip their Traders. They use Platforms like Trading central an ward-winning fusion of automated investment analytics & analyst research platform and also ForexSignal.com. Lux Trading also have a youtube channel and a blog available to all.
For further explanations about Lux Trading, see the video below from their official Youtube Channel.
In Conclusion, Lux Trading is a fast growing proprietary firm with achievable profit target as well as an Education program to equip and make sure traders are highly informed about the forex trading market. With well detailed trading rules and other aids such as their youtube channel, your compliance is all that is needed and you can be sure of a less stressful trade with this firm.
For more detailed information about Lux Trading, click here.
You can also read our detailed and unbiased review about other prop firms on this page >>>Prop firm reviews