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Lux Trading Firm Review 2024
Minimum
deposit:
deposit:
- 149 GBP
Trading platform:
- MetaTrader4
- Trader Evolution
- TradingView
Regulation:
Minimum
deposit:
deposit:
- 149 GBP
Trading platform:
- MetaTrader4
- Trader Evolution
- TradingView
Trading features:
- Proprietary dashboard, KPMG qualification, traders keep 75% of profits, copy trading and third-party advisors are not allowed
Leverage:
- Individually assigned
Summary of Lux Trading Firm Trading Company
Lux Trading Firm is a moderate-risk prop trading firm with the TU Overall Score of 6.5 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Lux Trading Firm clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. Lux Trading Firm ranks 6 among 40 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The conditions offered by Lux Trading Firm are generally favorable. If a trader successfully finishes the evaluation on a demo account, his enrollment fee is fully refunded, and when he trades on a real account, the firm leaves him 75% of his profits. Clients can use any trading strategy, but cannot copy trades or apply third-party advisors. The maximum account size for standard qualification is rather large: $200,000. A reliable liquidity provider and a KMPG qualification certificate are big benefits.
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5.7
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6.68
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The British proprietary trader (prop trader) Lux Trading Firm cooperates with Barclays, the country’s largest financial conglomerate. Lux Trading Firm’s official partners are Credit Suisse and Goldman Sachs banks. The company’s liquidity provider is an Australian internationally regulated broker Global Prime. Lux Trading Firm offers 4 account types. The minimum enrollment fee is 149 GBP (after evaluation, enrollment fees are fully refunded). Clients can get $25,000-$200,000 under management and grow their balances up to $10 million using TradingView, TraderEvolution, or MetaTrader 4. However, Lux Trading Firm has some restrictions. For example, you cannot copy trades or use advisors developed by third parties (only advisors built by traders themselves are permitted).
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | 149 GBP |
| ⚖️ Leverage: | Individually assigned |
| 💱 Spread: | No data |
| 🔧 Instruments: | Currencies, cryptocurrencies, stocks, bonds, indices, and commodities |
| 💹 Margin Call / Stop Out: | No data |
👍 Advantages of trading with Lux Trading Firm:
- it has developed a dashboard with a trader activity control panel, which can be tried for free for 7 days;
- users who passed the evaluation and have been trading with the firm for a long time obtain an official KPMG certificate that confirms their qualification;
- on standard terms, traders get $25,000, $50,000, $100,000, or $200,000 under management. Professionals can count on $10 million;
- clients that passed the evaluation get a 100% refund of their enrollment fees. As fully funded traders, they keep 75% of profits earned;
- the company provides many popular withdrawal options, including bank cards, bank transfers, and electronic wallets, and does not charge additional fees;
- Lux Trading Firm’s liquidity provider is Global Prime, one of the world’s leading brokers which allows trading currencies, stocks, indices, cryptocurrencies, etc.;
- the firm and the broker are 100% regulated.
👎 Disadvantages of Lux Trading Firm:
- evaluation is performed on demo accounts, which means traders do not earn any real profit, although they get their enrollment fees back;
- traders can only use advisors that are their intellectual property. The usage of other advisors results in a ban.
Evaluation of the most influential parameters of Lux Trading Firm
Table of Contents
Geographic Distribution of Lux Trading Firm Traders
Popularity in
35.2%
US
17.2%
GB
4.5%
CA
3.8%
ZA
3.5%
DE
3.5%
FR
3%
IN
4.3%
Others
User Satisfaction i
4 comments
Total score:
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Expert Review of Lux Trading Firm
Lux Trading Firm has been operating since 2020. The firm’s official partners are its undoubted strength. I primarily mean the Global Prime broker that provides the prop firm’s clients with trading accounts and access to trading nearly all types of assets such as currencies, cryptocurrencies, stocks, indices, commodities, metals, etc. Of course, traders who are registered with Lux Trading Firm use more favorable conditions. The prop firm does not charge any fees, it only takes 25% of profits for trading its funds. Note that you do not earn anything from the evaluation, as it is performed on a demo account. But your enrollment fee will be reimbursed if you pass.
Presently, a trader can get $25,000, $50,000, $100,000, or $200,000 after passing a 2-stage evaluation and then increase his balance in 6, 7, 8, or 9 stages, depending on the account size he selects. The maximum balance is $10 million. Few prop trading firms offer similar amounts. The profit target and maximum drawdown increase along with the growth of your balance. The 75% profit share stays the same at all real stages.
Traders can use MetaTrader 4, TradingView, or Trader Evolution. The company also offers its proprietary dashboard, which cannot be used for trading, but is very convenient for controlling your account and getting analytics. Like many other prop firms, Lux Trading Firm offers its clients a mentorship program and comprehensive help. It’s logical because the company can develop and earn profits only if its clients develop and earn profits. Also, Lux Trading Firm has an agreement with KPMG, thanks to which all professional traders who cooperate with the prop firm get an official qualification. For professionals, this is a huge benefit that opens numerous opportunities in the trading industry.
Dynamics of Lux Trading Firm’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Lux Trading Firm does not run investment projects. Clients can trade currencies, cryptocurrencies, securities, indices, commodities, and energies using the funds provided by the company. Therefore, traders do not risk losing their own funds. They only pay an enrollment fee that is refunded if the evaluation is completed successfully. Lux Trading Firm does not offer alternative earning options.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Trading Conditions for Lux Trading Firm Users
An important advantage of this proprietary trading firm is that it uses almost all financial channels. Traders can withdraw profits to bank cards, bank accounts, electronic wallets, or via online transfers. Lux Trading Firm supports Wise and a number of other international digital banks. All information about withdrawal fees is displayed in the user account before you make a withdrawal (take third-party fees into account). Lux Trading Firm allows trading with leverage that is determined individually for each trader in accordance with his professionalism and strategy. Note that the company’s tech support is available around the clock seven days a week.
149 GBP
Minimum
deposit
individual
Leverage
24/7
Support
| 💻 Trading platform: | MetaTrader 4, TradingView, and TraderEvolution |
|---|---|
| 📊 Accounts: | $25,000, $50,000, $100,000, and $200,000 (the accounts don’t have special names) |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, online payments, electronic wallets, digital banks, and all-purpose transfer systems |
| 🚀 Minimum deposit: | 149 GBP |
| ⚖️ Leverage: | Individually assigned |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No data |
| 💱 Spread: | No data |
| 🔧 Instruments: | Currencies, cryptocurrencies, stocks, bonds, indices, and commodities |
| 💹 Margin Call / Stop Out: | No data |
| 🏛 Liquidity provider: | Global Prime |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Proprietary dashboard, KPMG qualification, traders keep 75% of profits, copy trading and third-party advisors are not allowed |
| 🎁 Contests and bonuses: | No |
Comparison of Lux Trading Firm to other prop firms
| Lux Trading Firm | Topstep | FTMO | Funded Trading Plus | Earn2Trade | The Trading Pit | |
| Trading platform |
MetaTrader4, TradingView, Trader Evolution | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | NinjaTrader, R Trader Pro, Finamark | MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER |
| Min deposit | $149 | $1 | $155 | $119 | $90 | $99 |
| Leverage | No |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | 10% / 10% | No |
| Execution of orders | No | ECN | Instant Execution | Market Execution | Market Execution | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| Lux Trading Firm | Topstep | FTMO | Funded Trading Plus | Earn2Trade | The Trading Pit | |
| Forex | Yes | No | Yes | Yes | No | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | No | Yes |
| CFD | Yes | No | Yes | Yes | No | Yes |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | Yes | Yes |
| ETF | Yes | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Lux Trading Firm Commissions & Fees
Information
Like other prop firms, Lux Trading Firm does not charge trading fees (spreads and trading charges are set by the broker). Instead, it keeps 25% of traders’ net profits, leaving 75% to traders. Enrollment fees should also be taken into account. Depending on account types, they are 149 GBP, 299 GBP, 449 GBP, or 599 GBP. Fifty percent of the fee is refunded after you pass the first evaluation stage, and the other 50% is refunded after you pass the second stage. Therefore, a trader has the whole amount back if he finishes his evaluation successfully. If he fails the evaluation, the fee is not refunded. Lux Trading Firm does not apply charges on the payment of enrollment fees (only third-party charges apply).
| Account type | Spread (minimum value) | Withdrawal commission |
| $25,000 | Set by the broker | No |
| $50,000 | Set by the broker | No |
| $100,000 | Set by the broker | No |
| $200,000 | Set by the broker | No |
Trading fees are set by Global Prime, Lux Trading Firm’s broker. If you want to study the trading terms in detail, visit Global Prime’s official website.
Detailed review of Lux Trading Firm
Seeing that Lux Trading Firm has been in business for over 2 years, experts can evaluate it comprehensively. Official registration, regulation, and reliability are the firm’s conceptual advantages, along with the simplicity of opening an account. During the evaluation, a trader has to earn a 6% profit and should not lose more than 4% of the balance. These are completely attainable objectives, even for traders that have little experience. After the evaluation, a client moves from a demo to a real account, has 100% of his enrollment fee back, and gets a balance of $25,000-$200,000 depending on the account type he chose. A trader receives everything he needs to earn a lot steadily: individually calculated leverage, access to thousands of instruments in the primary markets, customizable multifeatured dashboard, etc.
Lux Trading Firm by the numbers:
-
149 GBP minimum enrollment fee;
-
100% of the enrollment fee is refunded if you pass the two-step/two-part evaluation;
-
$25,000 minimum balance for fully funded traders;
-
$10 million balance potential;
-
7 days of free usage of Lux Trading Firm’s dashboard.
Lux Trading Firm | A prop firm for trading currencies, cryptocurrencies, securities, and other financial instruments
Proprietary trading firms themselves don’t provide access to financial instruments. This is done via brokers, with which traders must open an account. Lux Trading Firm cooperates with Global Prime which allows trading currencies, cryptocurrencies, stocks, bonds, indices, commodities, etc. In total, that’s a few thousand instruments. Spreads depend on the assets. For example, the average spread for EUR/USD is 0.16 pips, аnd for the NAS100 index, it starts from 0.5-0.8 pips and rarely exceeds 1 pip. This data is publicly available on Global Prime’s official website.
Useful features of Lux Trading Firm:
-
Clients can trade on MetaTrader 4, one of the most popular platforms. The other available platforms are the all-inclusive TradingView and one of the most innovative solutions, TraderEvolution.
-
Lux Trading Firm offers its own dashboard with a trader activity control panel. The dashboard is customizable, provides comprehensive data on current and closed trades, and has built-in analytical tools.
-
If a professional trades successfully, he can obtain a KPMG certificate that confirms his qualification.
Advantages:
1
The company operates officially and transparently. No disputes or violations have been registered.
2
The entry threshold is quite low: enrollment fees are reasonable and if trading on a demo account is successful, they are refunded. Evaluation objectives are achievable.
3
The profit share for trading on real accounts is 75% and cannot become lower under any circumstances.
4
All traders get mentors and access to exclusive educational content that helps improve their qualification.
5
The company cooperates with one of the top brokers that offers numerous trading instruments.
Guide on how traders can start earning profits
Any trader, regardless of his experience, can easily understand how to use Lux Trading Firm’s website and user account. However, TU’s experts recommend you to carefully study the website, including the FAQs section, blog, and basic educational content. It helps avoid naive mistakes at the start and answers many questions later on. Remember that the prop firm itself does not provide access to the market, the broker does. In this case, it’s Global Prime.
Lux Trading Firm’s account types:
Account Type
Description
$25,000
Enrollment fee: 149 GBP. Initial account balance: $25,000. Profit target: 6%. Maximum drawdown: 4%. Profit share: 75%. Account size scaleup stages: 9.
$50,000
Enrollment fee: 299 GBP. Initial account balance: $50,000. Profit target: 6%. Maximum drawdown: 4%. Profit share: 75%. Account size scaleup stages: 8.
$100,000
Enrollment fee: 449 GBP. Initial account balance: $100,000. Profit target: 6%. Maximum drawdown: 4%. Profit share: 75%. Account size scaleup stages: 7.
$200,000
Enrollment fee: 599 GBP. Initial account balance: $200,000. Profit target: 6%. Maximum drawdown: 4%. Profit share: 75%. Account size scaleup stages: 6.
Note that for each account type, the first two scaleup stages are the two evaluation stages. Evaluation is performed on Global Prime demo accounts, where clients trade with virtual currency based on real market data. From the third scaleup stage, a trader moves to a real account. Restrictions on all account types are the same.
Investment Education Online
Information
All proprietary trading firms want traders to improve their qualifications. More experienced players make higher profits and therefore firms earn more. That is why Lux Trading Firm offers educational content, holds regular webinars and other online events, and assigns mentors to new traders.
Information available on the Lux Trading Firm website
What Lux Trading Firm does not provide on its website
Basics of trading various financial instruments
Step-by-step guides on the usage of trading platforms
Basic guides on trading strategies
A detailed description of trading strategies and instruments
Expert opinions, comments of experienced traders, and relevant analytics
The company gives almost no attention to psychological stability and money management rules, suggesting that traders already know these rules and understand the risks.
Security (Protection for Investors)
Information
Lux Trading Firm does not hold its clients’ funds. They are held by the broker that provides access to the market. However, Lux Trading Firm is officially registered in the UK and operates under the aegis of local regulators.
👍 Advantages
- Traders can consult Lux Trading Firm’s legal department
- Traders can submit requests to the broker’s and its regulator’s lawyers
👎 Disadvantages
- If a trader is not from the UK, he does not have regional protection
Withdrawal Options and Fees
-
A trader’s balance is displayed on Lux Trading Firm’s dashboard, and his funds are held in his Global Prime account. Nobody has access to that account.
-
A trader can withdraw all or part of his funds at any moment. The prop firm and the broker do not set a minimum withdrawal amount.
-
The following withdrawal channels are available: bank accounts and cards, online transfers, and electronic wallets.
-
Fees are calculated before withdrawals are made, taking into account the channels used. Third-party fees may apply.
Customer Support Service
Information
Lux Trading Firm’s tech support is available 24/7 through several communication channels.
👍 Advantages
- Unregistered users can also consult tech support
- Several communication channels are available
👎 Disadvantages
- Tech support is provided in English only
- Responses via email are not sufficiently prompt
Traders can contact the prop firm’s tech support using the following channels:
-
call center;
-
email;
-
live chat on the official website.
Contacts
| Foundation date | 2020 |
| Registration address | 128 City Road, London EC1V 2NX, UK |
| Official site | luxtradingfirm.com |
| Contacts |
Email:
info@luxtradingfirm.com,
Phone: +44 20 7193 9534 |
Review of the Personal Cabinet of Lux Trading Firm
To use the prop firm’s services, you need to register on its official website and get a user account. In your user account, you can manage your trading account, monitor trades, withdraw funds, etc. Below, TU provides a step-by-step registration guide and describes the main features of Lux Trading Firm’s user account in detail.
1
Go to the Lux Trading Firm website. On its homepage, click “Start your career” or “Free trial” to initiate registration.
2
Next, review the account types offered by the firm, select one of them, and click “Start now” or “Free trial”.
3
Now, you can select a trading platform. Note that Islamic accounts are available for TradingView and Trader Evolution TraderEvolution, but not for MT4. Click the “Select” button under the platform that is suitable for you.
4
Enter the required billing details. Include real data only, otherwise, you will not pass the verification.
5
Scroll down the page. Make sure you see the account you chose and the enrollment fee. Provide the details of your credit card or another payment method.
6
Read the Terms of Use, Terms and Conditions, and Rules of Engagement (available via the links at the bottom of the page) and tick the box to accept them. Click “Place order” and follow the on-screen instructions.
Now, you have a Lux Trading Firm account that enables you to use all features of your Global Prime account. The only difference is that you trade the prop firm’s funds, not yours, and you can do it on a familiar trading platform. The primary features of Lux Trading Firm’s user account are:
-
trading performance monitoring;
-
evaluation progress control;
-
trading account analytics;
-
profit withdrawal;
-
account settings;
-
tech support.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
How do client reviews impact Lux Trading Firm rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about Lux Trading Firm you need to go to the company's profile.
How can I leave a review about Lux Trading Firm on the Traders Union website?
To leave a review about Lux Trading Firm , you need to register on the Traders Union website.
Can I leave a comment about Lux Trading Firm if I am not a Traders Union client?
Anyone can post a comment about Lux Trading Firm in any review about the company.
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