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LUX TRADING – All You Need To Know About Lux Trading

LUX TRADING

Lux Trading proprietary firm is part of the outstanding prop firm in the UK and also forex market at large created to bring together top-tier trading talent from across the world and equip them with capital and tools to help them succeed in the forex market.

This article you are about to read has detailed information on all you need to know about lux trading, profit split, max allocation, evaluation/challenge, trading rules, and answers to a few faqs.

About Lux Trading

Lux Trading Firm also known as “Lux” is a well-known proprietary trading company with a focus on assisting seasoned prop traders and headquarters in London, United Kingdom. Lux is driven by a goal to support traders’ success via steady and consistent funding in a market characterized by disruption and change.

Founded on the solid foundation of the 30-year trading experience of the owner on which account they have developed a set of rules and principles that enable consistently successful trading, and are still actively in search of skilled traders to trade their accounts.

Lux Trading Funding Program

Lux Trading adopts the evaluation challenge program which warrants traders are placed on a demo account to demonstrate they have what they it takes both in terms of profit making and risk management to trade successfully.

READ: Evaluation Challenge – Meaning, Pros and Cons

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Lux Trading Packages and Pricing

Lux trading offer three varieties of packages for their traders which are listed below along with the prices:

The $5,000 account which costs £329
The $10,000 account which costs £439
The $15,000 account which costs £549

Visit Lux Trading Website: Sign up At Lux Trading Here

Lux Trading Scaling Plan

The Lux Trading program adopts a unique approach to their scaling plan. Although all three account types can scale up to the maximal $10,000,000 albeit in different number of stages.

#	Growth stages	Acc Size	Profit Target	Max loss	Profit Split
1	Evaluation (Demo) Acc	5,000	300	200	Fee Refund
2	Advanced (Live) Acc	5,000	300	200	75%
3	Professional (Live) Acc	50,000	5,000	2,000	75%
4	Professional (Live) Acc	100,000	10,000	4,000	75%
5	Professional (Live) Acc	200,000	20,000	8,000	75%
6	Professional (Live) Acc	500,000	50,000	20,000	50%
7	Expert (Live) Acc	2,500,000		100,000	50%

While the $5,000 account requires 7 stages, the $10,000 and $15,000 accounts require 6 and 5 stages respectively.

Lux Trading Profit Split and Withdrawal Method

Lux traders would be entitled to a 75% share of the profit made up until they attain a trading capital of $200,000 to $500,000 from which their profit share drops down to 50%.

It is imperative to remember that on the Professional & Expert Acc levels, a trader can only request a withdrawal once per month, and transactions are processed in 3-5 working days with payments made via bank transfer.

READ: Prop Firms with High Payout

Is Lux Trading legit?

With 84% excellent comments of their 331 reviews on Trustpilot, one thing is definite, and it this that Lux Trading is a genuine prop firm which indeed funds traders and from which traders cash out steadily. A closer look is taken at some of those reviews in the next section.

Lux Trading Reviews

It is important to know what other traders like you are saying about the prop firm you intend to trade with. Below is what traders are saying about Lux trading. Here are a few of Lux Trading’s reviews on Trustpilot:

READ: Lux Trading Review – An Unbiased Evaluation of Lux Trading Prop Firm

Lux Trading FAQs

Below are a few of the FAQs on Lux Trading website with succinct answers provided to each:

What is the maximum Loss Limit and drawdown?

The maximum drawdown level is 4% relative in stages 1 and 2, and it is a hybrid model from stage 3 and upwards.
The highest realized account balance less 4% is the Maximum Allowable Relative Draw Down, which is compared to equity and balance.

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.

Lux Trading Copy Trading

By employing a copy trading service provided by any one supplier, Lux Trading Firm expressly forbids duplicating trades and orders.

The Lux trading platform can be used as the Master account by traders who have a self-developed strategy, and the transactions can then be copied to other accounts owned by the trader or his or her business. 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 all persons involved will be kicked out of the program.

Do I get a refund of my enrollment fee?

Every new trader who signs up after 10-10-2021 that passes the Evaluation (Demo) Account stage will receive a 100% refund of their enrollment fee (excluding any reset fees or for elite packages).

What are the withdrawal methods?

Lux Trading Firm pays profit share on the Advanced Account (Stage 2) once the trader achieves the 6% profit ‎target and meets the minimum trading days.
Lux Trading Firm pays traders on the Professional 50k, 100k, or 150k 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 50k, 100k, or 150k 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.
Traders are paid by Bank transfer through Wise.

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