FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
Lux Trading Firm - how to get funding account
Discover Lux Trading Firm with high rating of 4.3 out of 5 on Trustpilot, a leading prop trading firm headquartered in London with an additional office in Bratislava, Slovakia. Specialising in empowering experienced traders, LTF provides comprehensive 24/7 support, $10,000,000+ in capital and the advanced tools needed to navigate volatile market conditions and achieve significant profits.
Updated 27-07-2024
Pros
✓ Excellent Trustpilot rating: A high rating of 4.3 out of 5 on Trustpilot reflects high customer satisfaction.
✓ Two unique funding programmes: You can choose a one-step or two-step valuation process to suit your trading style.
✓ Free Trial: An opportunity to explore the platform and services without financial commitment.
✓ Professional Trader's Dashboard: Access to a sophisticated dashboard to optimise your trading operations.
✓ Scaling Plan: Increase account size to $10,000,000 with structured scaling steps.
✓ 75% profit share: Receive generous profit shares by increasing your profitability.
✓ Overnight and Weekend Holds Allowed: Ability to hold positions overnight and on weekends.
✓ News trading allowed: Take advantage of market opportunities during significant news events.
✓ Stable salary and proven track record: Receive a steady monthly salary, ensuring financial stability.
✓ Personalised Mentoring: Take advantage of personalised mentoring to improve trading strategies and performance.
✓ Two unique funding programmes: You can choose a one-step or two-step valuation process to suit your trading style.
✓ Free Trial: An opportunity to explore the platform and services without financial commitment.
✓ Professional Trader's Dashboard: Access to a sophisticated dashboard to optimise your trading operations.
✓ Scaling Plan: Increase account size to $10,000,000 with structured scaling steps.
✓ 75% profit share: Receive generous profit shares by increasing your profitability.
✓ Overnight and Weekend Holds Allowed: Ability to hold positions overnight and on weekends.
✓ News trading allowed: Take advantage of market opportunities during significant news events.
✓ Stable salary and proven track record: Receive a steady monthly salary, ensuring financial stability.
✓ Personalised Mentoring: Take advantage of personalised mentoring to improve trading strategies and performance.
Cons
❌ High payment for participation in the Challenge
❌ Low leverage up to 1:30: Limited leverage options compared to some competitors.
❌ Mandatory stop loss: The requirement to use stop loss orders can limit trading flexibility.
❌ Minimum trading day requirements: Traders must comply with certain minimum trading day requirements, which may be a limiting factor for some.
❌ Low leverage up to 1:30: Limited leverage options compared to some competitors.
❌ Mandatory stop loss: The requirement to use stop loss orders can limit trading flexibility.
❌ Minimum trading day requirements: Traders must comply with certain minimum trading day requirements, which may be a limiting factor for some.
Pros
✓ Excellent Trustpilot rating: A high rating of 4.3 out of 5 on Trustpilot reflects high customer satisfaction.
✓ Two unique funding programmes: You can choose a one-step or two-step valuation process to suit your trading style.
✓ Free Trial: An opportunity to explore the platform and services without financial commitment.
✓ Professional Trader's Dashboard: Access to a sophisticated dashboard to optimise your trading operations.
✓ Scaling Plan: Increase account size to $10,000,000 with structured scaling steps.
✓ 75% profit share: Receive generous profit shares by increasing your profitability.
✓ Overnight and Weekend Holds Allowed: Ability to hold positions overnight and on weekends.
✓ News trading allowed: Take advantage of market opportunities during significant news events.
✓ Stable salary and proven track record: Receive a steady monthly salary, ensuring financial stability.
✓ Personalised Mentoring: Take advantage of personalised mentoring to improve trading strategies and performance.
✓ Two unique funding programmes: You can choose a one-step or two-step valuation process to suit your trading style.
✓ Free Trial: An opportunity to explore the platform and services without financial commitment.
✓ Professional Trader's Dashboard: Access to a sophisticated dashboard to optimise your trading operations.
✓ Scaling Plan: Increase account size to $10,000,000 with structured scaling steps.
✓ 75% profit share: Receive generous profit shares by increasing your profitability.
✓ Overnight and Weekend Holds Allowed: Ability to hold positions overnight and on weekends.
✓ News trading allowed: Take advantage of market opportunities during significant news events.
✓ Stable salary and proven track record: Receive a steady monthly salary, ensuring financial stability.
✓ Personalised Mentoring: Take advantage of personalised mentoring to improve trading strategies and performance.
Cons
❌ High payment for participation in the Challenge
❌ Low leverage up to 1:30: Limited leverage options compared to some competitors.
❌ Mandatory stop loss: The requirement to use stop loss orders can limit trading flexibility.
❌ Minimum trading day requirements: Traders must comply with certain minimum trading day requirements, which may be a limiting factor for some.
❌ Low leverage up to 1:30: Limited leverage options compared to some competitors.
❌ Mandatory stop loss: The requirement to use stop loss orders can limit trading flexibility.
❌ Minimum trading day requirements: Traders must comply with certain minimum trading day requirements, which may be a limiting factor for some.
About Firm
Lux Trading Firm, founded in 2021, offers traders the opportunity to manage significant capital up to $10,000,000 and earn attractive profit shares of up to 75%. The company supports traders of all levels by providing access to diversified financial instruments including forex, indices, commodities, equities, cryptocurrencies and futures. Traders benefit from The Lux Trader and MetaTrader 5 trading platforms, a supportive community and educational resources to develop their trading career.
How it works?
Traders choose between two distinctive funding programmes:
1-step Evaluation
2-step Evaluation
1-step Evaluation
One-step Evaluation offers traders an account of $1,000,000. The evaluation phase aims to identify disciplined traders capable of achieving profitability while effectively managing risk. Traders can trade with up to 1:30 leverage during this phase.
Trading Rules & Objectives:
◉ Profit Target: Traders are required to attain a 15% profit during the evaluation phase, while funded accounts do not have specific profit targets.
◉ Stop-loss Required: Each trade initiated by traders must include a stop-loss order.
◉ No Martingale: The use of martingale strategies is strictly prohibited.
◉ One Segment of Trading: Traders are limited to trading only one segment of instruments (Forex, Commodities, or Indices) per account.
◉ Stop-loss Required: Each trade initiated by traders must include a stop-loss order.
◉ No Martingale: The use of martingale strategies is strictly prohibited.
◉ One Segment of Trading: Traders are limited to trading only one segment of instruments (Forex, Commodities, or Indices) per account.
2-step Evaluation
Two-step Evaluation provides traders with accounts from $50,000 to $200,000. It aims to identify disciplined and profitable traders who can effectively manage risk through two evaluation phases, allowing leverage up to 1:30.
Two-step Evaluation Trading Rules & Objectives:
◉ Profit Target: Traders must achieve a designated profit percentage to successfully conclude each evaluation phase and proceed to funded status. Phase 1 requires a 6% profit target, while Phase 2 requires 4%. Funded accounts do not have specified profit targets.
◉ Stop-loss Required: Traders must implement a stop-loss on each position before initiating a trade.
◉ No Martingale: Martingale strategies are prohibited during trading activities to maintain disciplined trading practices.
◉ One Segment of Trading: Traders can only trade one segment of instruments (Forex, Commodities, or Indices) per account, promoting focused trading strategies.
◉ Stop-loss Required: Traders must implement a stop-loss on each position before initiating a trade.
◉ No Martingale: Martingale strategies are prohibited during trading activities to maintain disciplined trading practices.
◉ One Segment of Trading: Traders can only trade one segment of instruments (Forex, Commodities, or Indices) per account, promoting focused trading strategies.