Lux Trading – Firm Review
- Premier capital allocation for traders worldwide
- Swift payouts without verification hassles
- Global support across multiple zones
- Superior platform with minimal slippage
- Exceptional scaling up to $4M
Company Overview
Lux Trading Firm is a modern proprietary trading company that provides traders access to funded accounts after successfully completing their evaluation process. Founded with the mission to empower traders globally, Lux Trading stands out for its transparent approach and flexible challenge programs. The firm offers both Standard and Professional challenge models with competitive profit splits up to 90% and account sizes ranging from $10,000 to $200,000. What distinguishes Lux Trading is their one-phase evaluation option (Professional Challenge) alongside their traditional two-phase program, allowing experienced traders to fast-track their journey to funded status. With support for multiple trading platforms and a variety of financial markets including forex, indices, commodities, and cryptocurrencies, Lux Trading provides a comprehensive environment for traders of all experience levels to develop their skills and build profitable careers.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time payment ranging from $129 (for $10K account) to $799 (for $200K account)
- Professional Challenge – One-time payment ranging from $189 (for $10K account) to $1,299 (for $200K account)
- Express Funded – Higher-priced direct path to funding, skipping evaluation phases
Account Types
- Standard Account: Two-phase evaluation (Challenge + Verification) with 8% and 5% profit targets
- Professional Account: Single-phase evaluation with 10% profit target for experienced traders
- Funded Account: Live trading account after successful evaluation with regular profit payouts
Profit Split Options
- Standard Split: 80% of profits go to the trader on funded accounts
- Scaling Plan: Potential to increase to 90% profit split based on consistent performance
- First Payout: 70% profit split for initial payout, increasing to 80% for subsequent withdrawals
Account Sizes
- $10,000: Entry-level account with lower challenge fee, ideal for beginners
- $25,000: Mid-tier account with balanced risk-reward
- $50,000: Popular intermediate account size
- $100,000: Advanced account for experienced traders
- $200,000: Premium account for professional traders seeking higher profit potential
Trading Platforms
- MetaTrader 4: Classic platform with robust features and wide compatibility
- MetaTrader 5: Advanced platform with additional features and markets
- cTrader: Modern platform with enhanced execution and advanced charting
Financial Markets
- Forex: Major, minor, and exotic currency pairs
- Indices: Major global stock indices including S&P 500, NASDAQ, and DAX
- Commodities: Gold, silver, oil, natural gas, and agricultural products
- Cryptocurrencies: Bitcoin, Ethereum, and other major digital assets
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | None (One-phase model) |
| Profit Target | 10% | None (One-phase model) |
| Daily Drawdown | 5% | None (One-phase model) |
| Maximum Drawdown | 10% | None (One-phase model) |
| Minimum Trading Days | 5 days | None (One-phase model) |
Challenge Specifications
- Max Allocation: Up to $200,000 initial account size, with possibilities for scaling
- Scaling: Account size can be increased by 25% after every 10% profit milestone in funded account phase
- Trading Competitions: Monthly challenges with cash prizes for top-performing traders
- Free Trial: No free trial available, but occasional promotional discounts on challenge fees
- Profit Targets: Standard Challenge requires 8% in Phase 1 and 5% in Phase 2; Professional Challenge requires a one-time 10% target
- Drawdown Structure:
- Daily: 5% loss from previous day’s closing balance
- Maximum: 10% loss from initial account balance
- Trailing: Not implemented; only fixed maximum drawdown applies
Trading Rules and Requirements
- News trading is allowed, but with caution around high-impact economic events
- Position holding over weekends is permitted
- Minimum 5 trading days required during evaluation phases
- Prohibited strategies include arbitrage, hedging, and grid trading
- Maximum allowed leverage: 1:100 for forex, 1:20 for indices, and 1:10 for cryptocurrencies
- No same-direction trading on different account sizes (if you have multiple accounts)
- Adherence to ethical trading practices and avoiding manipulation tactics
Company Information
- Founded in 2021, headquartered in the United States
- 24/7 customer support available via email and live chat
- Trading dashboard with real-time metrics and performance tracking
- Educational resources including trading webinars and strategy guides
- Transparent fee structure with no hidden costs
- Community forum for traders to share insights and strategies
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Bitcoin and other cryptocurrencies (24-48 hours)
- Minimum withdrawal amount: $50
- Monthly profit withdrawals, typically processed within 5 business days
Trading Commissions
- Forex pairs: $5 per lot round turn
- Indices: $7 per lot round turn
- Commodities: $6 per lot round turn
- Cryptocurrencies: 0.05% of position size
- No markup on spreads – raw interbank spreads provided
- No additional platform fees or data charges
IP Rules
- VPN usage is not permitted during evaluation or funded phases
- Account access limited to the country specified during registration
- Up to 3 different IP addresses allowed for login (home, office, mobile)
- Travel exceptions can be requested through customer support with advance notice
- Using automation to manipulate IP detection will result in account termination
Video Review
Lux Trading Review
Comprehensive review of Lux Trading trading services
Unique Features
Evaluation Process
- Choose between two-phase Standard Challenge or one-phase Professional Challenge
- No strict time limits to complete challenge phases
- 5 minimum trading days requirement ensures methodical approach
- Ability to reset challenge accounts after violations for a reduced fee
Trader Support
- Personalized performance analytics dashboard
- Weekly market outlook webinars for funded traders
- One-on-one coaching sessions available for purchase
- Active trader community with strategy sharing forums
Why Choose Lux Trading?
Lux Trading Firm stands out in the competitive prop trading industry by offering traders more flexibility and opportunity to succeed. Their dual challenge system caters to both new traders seeking structure and experienced traders wanting a faster path to funding.
Key advantages include:
- Choice between one-phase and two-phase evaluation programs
- Competitive profit splits up to 90% with scaling opportunities
- No time constraints for completing challenges
- Reasonable profit targets (8% and 5% for Standard, 10% for Professional)
- Account scaling program that rewards consistent performance
- Multiple platform options (MT4, MT5, cTrader) to suit trading preferences
- Diverse market access including forex, indices, commodities, and crypto
- Transparent rules and requirements with responsive customer support
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading skills and chosen challenge type. With the Professional Challenge, you can get funded faster by completing just one evaluation phase with a 10% profit target. The Standard Challenge requires completing two phases (8% profit in Challenge and 5% in Verification). There are no time limits, but you must trade for a minimum of 5 days in each phase. Most successful traders complete the process in 2-6 weeks.
Can I hold positions over the weekend?
Yes, Lux Trading allows traders to hold positions over weekends during both evaluation and funded phases. This gives you more flexibility with your trading strategy, especially for longer-term positions. However, be aware of potential weekend gaps and increased volatility when markets reopen, as these still count toward your drawdown limits.
What happens if I break a rule?
If you break a trading rule during the evaluation phase, your account will typically be suspended. Depending on the severity of the violation, Lux Trading offers a reset option at a discounted fee (usually 50% of the original challenge cost). For funded accounts, rule violations may result in warnings for minor infractions or termination of the agreement for serious breaches like using prohibited trading strategies or manipulating the system.
Can I trade news events?
Yes, news trading is allowed at Lux Trading, which is a significant advantage compared to some other prop firms. You can trade during major economic announcements and market events. However, Lux Trading still advises caution when trading highly volatile news events, as sharp price movements could trigger your daily or maximum drawdown limits. Having a solid risk management strategy is essential when trading news.
How often can I withdraw profits?
Profit withdrawals for funded traders are processed on a monthly basis. After the first month of successful trading, you can request your first profit withdrawal, which will be split at a 70% trader/30% firm ratio. Subsequent withdrawals are processed with the standard 80% trader/20% firm split (or up to 90% with scaling benefits). Withdrawal requests are typically processed within 5 business days, with various payout methods available including bank transfers, PayPal, Skrill, and cryptocurrencies.
