Lux Trading Firm is a well-known prop trading firm from the United Kingdom.
But is Lux Trading Firm a scam?
No, it isn’t!
Our review and experience show that Lux Trading Firm is a safe proprietary trading firm.
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Table of Contents
Key Takeaways
- Lux Trading is a legit prop trading firm partnered with major financial institutions like Barclays, Credit Suisse, and Goldman Sachs. Their funded accounts start at $50,000, and trading capital can be scaled up to $10 million
- They have a special $1 million account with a single stage evaluation. All the fees are one-time. The profit split is 75/25. You can request payout once a month. They also have their own trading platform
- In our review of Lux Trading Firm’s we will discuss pros, cons, and specific features of the firm to see if this is the right prop firm for you
About Lux Trading Firm
Lux Trading Firm is a UK based company that was founded in 2021 by founder and CEO Petra Pirova. It offers a wide range of tradable assets, significantly more than most prop trading companies.
| Name | Lux Trading Firm |
|---|---|
| Website | luxtradingfirm.com |
| Company | Lux Trading Firm Ltd. |
| Address | 128 City Road, London EC1V 2NX, United Kingdom |
| CEO | Petra Pirova |
| Founder | Petra Pirova |
| Founded | 2021 |
| Contact | Live Chat, Mail, Phone |
| [email protected] | |
| Phone Number | +44 (0)20 71678107 |
| Starting Capital | $50,000 to $1,000,000 |
| Profit Share | 75% |
| Evaluation | at least 29 days |
| Fee | £299 to £3,699 |
| Payment Methods | Credit Card |
| Instruments | CFDs, Stocks, Crypto |
| Platform | The Lux Trader, MetaTrader 5 |
| Withdrawals | once per month |
| Languages | English |
You can trade forex, stocks, bonds, commodities, and even cryptocurrencies. This means you can trade major currency pairs, indices, metals, and popular crypto coins, all on the MT5 or Lux Trader platforms.
Their marketing and sales office is situated in London, United Kingdom. The firm’s trading activity are centered in the Caribbean, with a trading desk office located in Saint Lucia. For management, they have separate offices in both Montenegro and Dubai.
Safety and Regulation
Our investigation demonstrated that Lux Trading Firm prioritizes security. They are partnered with a reputable, regulated broker like Broctagon Prime to ensure your funds are secure and follow strict international regulations.
Furthermore, this trading firm has a positive reputation within the trading community and maintains offices in several locations globally. They also maintain high technical standards and follow data protection regulations to keep your information secure.
It also has a high Trustpilot score and most of the customer reviews are positive. This firm is backed by a team of experienced traders and mentors and stands out for its large starting capital options, clear scaling plans and responsive customer support.
Accepted Countries
Lux Trading Firm accepts traders from most countries. However, they cannot accept traders from countries with comprehensive sanctions from any government this firm operates in.
This includes countries like Iran, North Korea, and Russia. We also found that they are not accepting US traders. Here is a list of some of the most important countries:
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: Yes, registration is possible
- Ireland: Yes, registration is possible
- Kenya: Yes, registration is possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: No, registration isn’t possible
Evaluation Process
First of all, you will need to choose an account size that matches your trading level. They offer three account sizes, which we will review shortly. Keep in mind that all the accounts are scalable up to $10 million.
Evaluation Accounts
To start with the evaluation process, you will need to select from three account sizes. These are $50K, $200K, and $1 million. The first two options have two evaluation phases with two separate profit targets. The last one has only one phase. Here are the details:
| Starting Capital | $50,000 | $200,000 | $1,000,000 |
|---|---|---|---|
| Profit Target | $3,000 | $12,000 | $150,000 |
| Maximum Daily Loss | – | – | – |
| Maximum Loss | $3,000 | $12,000 | $60,000 |
| Minimum Trading Days | 29 | 29 | 29 |
| Fee (50% refundable) | £299 | £599 | £1,499 |
| Discount | Check now | Check now | Check now |
Funded Accounts
To get funded, you will need to trade for a minimum of 29 days and hit your profit target. Pass the evaluation tests, and they’ll give you a similar-sized account with real money to trade.
After getting funded, you can increase your maximum account size by progressing through stages. The profit share will remain the same, which is 75%. In each stage, your account size will increase along with your profit target and maximum loss limit.
For $50K Account:
| Growth Stage | Account Size | Profit Target | Maximum Loss |
|---|---|---|---|
| 1. Evaluation (Demo) Acc | $50,000 | $3,000 (6%) | $3,000 |
| 2. Advanced (Demo) Acc | $50,000 | $2,000 (4%) | $3,000 |
| 3. Professional (Live) Acc | $50,000 | $5,000 | $3,000 |
| 4. Professional (Live) Acc | $100,000 | $10,000 | $6,000 |
| 5. Professional (Live) Acc | $200,000 | $20,000 | $12,000 |
| 6. Professional (Live) Acc | $500,000 | $50,000 | $30,000 |
| 7. Professional (Live) Acc | $1,000,000 | $100,000 | $60,000 |
| 8. Expert (Live) Acc | $2,500,000 | $250,000 | $150,000 |
| 9. Fund Manager (Live) Acc | $10,000,000 | – | $600,000 |
For $200K Account:
| Growth Stage | Account Size | Profit Target | Maximum Loss |
|---|---|---|---|
| 1. Evaluation (Demo) Acc | $200,000 | $12,000 (6%) | $12,000 |
| 2. Advanced (Demo) Acc | $200,000 | $8,000 (4%) | $12,000 |
| 3. Professional (Live) Acc | $200,000 | $20,000 | $12,000 |
| 4. Professional (Live) Acc | $500,000 | $50,000 | $30,000 |
| 5. Professional (Live) Acc | $1,000,000 | $100,000 | $60,000 |
| 6. Expert (Live) Acc | $2,500,000 | $250,000 | $150,000 |
| 7. Fund Manager (Live) Acc | $10,000,000 | – | $600,000 |
For $1 Million Account:
| Growth Stage | Account Size | Profit Target | Maximum Loss |
|---|---|---|---|
| 1. Evaluation (Demo) Acc | $1,000,000 | $150,000 (15%) | $60,000 |
| 2. Professional (Live) Acc | $1,000,000 | $100,000 (10%) | $60,000 |
| 3. Professional (Live) Acc | $2,500,000 | $250,000 (10%) | $150,000 |
| 4. Fund Manager (Live) Acc | $10,000,000 | – | $600,000 |
The Elite Trader’s Club
The Elite Trader’s Club is a bit different. This package provides additional resources for serious traders despite offering the same starting account sizes. Also, the fee is much higher compared to their regular trading programs.
This elite package comes with unlimited practice accounts, one-on-one coaching sessions (number of sessions will depend on the account size), daily live trading workshops, exclusive trading course, and access to the risk management desk.
| Starting Capital | $50,000 | $200,000 | $1,000,000 |
|---|---|---|---|
| Profit Target | $4,000 | $16,000 | $150,000 |
| Maximum Daily Loss | – | – | – |
| Maximum Loss | $3,000 | $12,000 | $60,000 |
| Minimum Trading Days | 29 | 29 | 29 |
| Fee | £1,699 | £2,399 | £3,699 |
| Discount | Check now | Check now | Check now |
Challenge Trading Rules
Here are the trading conditions and rules that you need to follow:
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
There are certain profit targets you need to reach to advance to the next stage in the program. The target amount depends on the account size you choose.
For example, the $50,000 account requires a $3,000 profit in the Evaluation stage and a $2,000 profit in the Advanced stage.
For the $200,000 account, the profit target is $12000 in the first stage and $8000 in the second stage. Then there is the special $1 million account with a single profit target of $150,000.
Profit Split
Lux trading firm has a fixed profit split which is 75:25. This means you get to keep 75% and the firm will keep the remaining 25%.
Trading Period
There is no maximum time limit to reach any stage of the profit target. Trade for as long as you want and reach the profit goals.
Minimum Trading Days
You will need to trade for a minimum of 29 days on the Evaluation account to pass the first stage. In the second stage, there are no minimum trading days. There’s an exception for swing traders (who hold trades for longer periods), who only need 15 trading days to pass this stage.
Maximum Daily Loss
There is no maximum daily loss limit. But they do have a maximum relative drawdown limit which we will discuss in the next section.
Maximum Loss
The maximum drawdown is 6% of your starting account balance. If your account balance ever falls below the starting balance minus 6%, they will disable your account. You will have to start again by paying the reset fee.
Maximum Position Size
You can see the maximum lot size for each symbol in the symbol panel specifications on MT5 app. Since you can trade a variety of instruments, we are not listing them all here.
Note that Lux Trading Firm doesn’t have a direct maximum position size but focuses on consistent risk management. You choose a risk percentage of your available capital and use that percentage to calculate the position size for each trade.
This ensures you don’t risk too much on any single trade. The MT5 platform has its own maximum position limits, but these are separate from Lux’s risk management requirements.
Maximum Capital Allocation and Multiple Accounts
The maximum capital allocation you can reach is $10,000,000. To get there, you need to successfully complete stages with increasing profit targets. How many stages you will need to complete will depend on the account size your choose.
For example, if you start with the $50K account, you will need to complete a total of 8 stages to reach $10 million. For the $200K trading account, you can reach the maximum amount in 6 stages.
And for the $1 million account, you will need to complete 3 stages. Also, traders are allowed to have more than one account of the same type. Here are the details:
For $50K Account:
| Growth Stage | Maximum Capital Allocation |
|---|---|
| 1. Evaluation (Demo) Acc | $50,000 |
| 2. Advanced (Demo) Acc | $50,000 |
| 3. Professional (Live) Acc | $50,000 |
| 4. Professional (Live) Acc | $100,000 |
| 5. Professional (Live) Acc | $200,000 |
| 6. Professional (Live) Acc | $500,000 |
| 7. Professional (Live) Acc | $1,000,000 |
| 8. Expert (Live) Acc | $2,500,000 |
| 9. Fund Manager (Live) Acc | $10,000,000 |
For $200K Account:
| Growth Stage | Maximum Capital Allocation |
|---|---|
| 1. Evaluation (Demo) Acc | $200,000 |
| 2. Advanced (Demo) Acc | $200,000 |
| 3. Professional (Live) Acc | $200,000 |
| 4. Professional (Live) Acc | $500,000 |
| 5. Professional (Live) Acc | $1,000,000 |
| 6. Expert (Live) Acc | $2,500,000 |
| 7. Fund Manager (Live) Acc | 10,000,000 |
For $1 Million Account:
| Growth Stage | Maximum Capital Allocation |
|---|---|
| 1. Evaluation (Demo) Acc | $1,000,000 |
| 2. Professional (Live) Acc | $1,000,000 |
| 3. Professional (Live) Acc | $2,500,000 |
| 4. Fund Manager (Live) Acc | $10,000,000 |
Trading Types
At Lux Trading Firm, traders have three account options categorized by trading types. These are:
- CFD Account: You can trade forex, indices, and commodities with this account.
- Stocks Account: This account lets you trade over 2,000 stocks.
- Crypto Account: Trade the most popular cryptocurrencies with this account.
Leverage
The leverage depends on the asset you trade. For Forex, Indices, Energies, and Metals, Evaluation, Advanced, and Professional accounts get a higher leverage of 1:30. However, for Equity CFDs and Cryptocurrencies, the leverage is lower at 1:5.
Trading Style
Lux Trading Firm focuses on consistent trading habits. You can choose your own trading style, such as scalping, day trading, etc. However, you must stick to it throughout the evaluation stage. This way, they can assess your real trading skills and risk management, not just your ability to meet requirements.
Trading Hours
You can trade forex 24 hours a day, 5 days a week. And cryptocurrencies can be traded 24/7 due to their global nature. Stock market indices can only be accessed during the New York Stock Exchange’s session.
Individual stocks follow standard exchange hours. Also, you need to close your open positions 30 minutes before the market closes. Unlike some platforms, Lux doesn’t offer pre-market or after-hours trading for stocks.
News Trading
We looked through their terms and conditions and couldn’t find anything specifically forbidding news trading. So, we reached out to their support team, just to be sure, and they said news trading is allowed.
Weekend and Overnight Trading
As indicated by our tests, Lux Trading Firm also allows weekend and overnight trading.
Expert Advisor
You can only use the EAs you created yourself. You are not allowed to use EAs that are developed by third parties. You can only use a third-party EA as a strategic tool, but it cannot execute trades.
Copy Trading
This trading firm strictly forbids any form of copy trading between accounts. This applies regardless of the trading strategy or instrument used.
Trading Platforms
Lux Trading Firm has their own platform called The Lux Trader. It is built on top of the popular TradingView platform. This includes all the features of TradingView for charting and trade execution.
They also support MetaTrader 5. It is a well-established platform used by many forex brokers and is known for its advanced charting tools and algo trading capabilities. The best part is that you can use both of these platforms with just one account.
Furthermore, you don’t have to switch between logins or accounts since both of them are linked. This means you can manage your account and execute trades seamlessly on either platform.
Trading Instruments
This trading firm offers a wide range of trading instruments through MT5 and Lux Trader platforms. These include forex, indices, metals, commodities, single-stock CFDs, and cryptocurrencies.
You can find the complete list of available instruments on their website. Since the list is huge, we are not going to mention all of them. For example, there are 2000+ stocks that you can trade. Below are just some of them:
Forex:
- AUDJPY
- AUDUSD
- CADCHF
- CHFPLN
- EURCHF
- EURCZK
- EURNZD
- EURSGD
- GBPCHF
- GBPJPY
- GBPUSD
- HKDJPY
- USDCAD
- USDHKD
- USDZAR
Metals:
- XAGAUD
- XAGEUR
- XAGUSD
- XAUAUD
- XAUCHF
- XAUGBP
- XPDUSD
- XPTUSD
Energy:
- BRNUSD
- NGCUSD
- WTIUSD
Indices:
- ASXAUD
- DAXEUR
- ESXEUR
- FTSGBP
- NDXUSD
- NIKJPY
- SPXUSD
Stocks and EFTs:
- BIV
- EEM
- EWG
- FXA
- IAU
- LQD
- SOXX
- XLP
Cryptocurrencies:
- DOGEUSD
- ETHEUR
- BCHEUR
- XBTUSD
- XRPEUR
- XLMUSD
- ETHXBT
We listed Lux Trading Firm in the Top 3 Stocks Prop Trading Firms and in the Top 3 Crypto Prop Trading Firms.
Brokers
Lux Trading Firm is partnered with broker Broctagon Prime, a regulated liquidity provider, to facilitate trade. Previously, they were partnered with Global Prime.
However, we have also found that this prop firm is partnered with other financial institutions, but that information is not publicly available. It is common for a prop trading firm to have multiple liquidity providers.
Other Products
Lux Trading Firm offers other useful tools and programs to help you become a better trader:
Private Mentoring
Lux is one of the few firms in the prop trading universe that offer private mentoring sessions. You can choose from two mentors: Bruno Perinelli, an Argentinian finance expert, and Jake Torres, a Philippines-based mentor.
You’ll have one-on-one time with your chosen mentor for 60 minutes. Lux Trading Firm sells these sessions in packages. You can buy a single session for £125 or a package of five sessions for £595.
- 1 Meeting: £125
- 3 Meetings: £365
- 5 Meetings: £595
Stock Screener
Their stock screener tool combines various features on a single page for easy analysis. At the top, you will see a dashboard with trending stocks, price movements, and more.
There is also a heat map that shows stock performance using color variations. This helps you to identify strong or weak performers quickly. At the bottom of the page is a small section showing you the relevant news that might impact stock prices.
Blog
They also have a blog section that covers topics related to funded trading. You can find articles on trading strategies, risk management, the psychology of trading, and more.
Prices and Challenge Fees
Lux Trading Firm charges a one-time entry fee that depends on the starting account size you choose. Here are the details:
- $50,000 starting balance = £299
- $200,000 starting balance = £599
- $1,000,000 starting balance = £1,499
The entry fee is refundable. You will get 50% back after passing the first evaluation stage and another 50% after passing the second stage.
In case you don’t pass an evaluation and want to restart, you can use the reset option. Here’s what you need to pay to reset your account:
- 50k account: reset fee £179
- 200k account: reset fee £359
- $1M account: reset fee £899
Payment Methods and Payout System
You can make payments using debit or credit cards. For payouts, Lux Trading Firm provides a wide range of options.
These include popular methods like bank transfers, bank cards, and electronic wallets. There are no additional fees charged for withdrawals. You can request a payout straight from your dashboard.
Lux Trading Firm will process this request within 3-5 business days. We have found that it is better to submit a withdrawal request at the end of the month since they only pay out in the first week of a new month.
Registration and KYC
Follow these steps to register for a Lux Trading Firm account and complete KYC verification:
- Visit the Lux Trading Firm website.
- Choose your account type: CFD, Stocks, or Crypto.
- Select your desired account size and click “Start Now.”
- Pick between Elite or Standard account.
- Enter your name and email address.
- Complete identity verification by uploading a photo of your ID and a selfie holding the ID.
- Agree to the Terms & Conditions, Trading Rules, and Declaration of Compliance.
- Click “Submit“.
Note that KYC verification is done during the sign-up process. After passing the evaluation, there will be no more delays, so you can receive funding and request payout more quickly.
Discount and Promo Code
When we trialed this product, there weren’t any promo codes available. We did find some third-party coupon codes claiming 5-25% discounts during our trial. You can also get some discounts by signing up using the affiliate’s link.
Free Trial and Demo Account
This prop firm offers a 7-day free trial to test their platform with real market scenario. You will need to configure your account first. Go to their trial order page, select your account type, account size, and click submit. They will send you the login details for your demo account.
Mobile App
Lux Trading Firm doesn’t have its own mobile app. However, you can trade with your mobile using their supported platforms since both Lux Trader and MT5 have mobile apps for iOS and Android devices.
Customer Service and Support
This prop firm offers several options to get the support you need. Drawing from our own experience, the live chat feature is really convenient. You can connect with a knowledgeable and skilled staff member right away for quick answers.
For more specific inquiries, they also offer dedicated email support. And of course, you can always call them directly for immediate assistance.
Taxes
Any profits you make are considered taxable income. So, you’re responsible for filing your own taxes. We suggest you consult with a tax professional to make sure you are doing it properly. Learn more in our dedicated guide about “Prop Trading Taxes“.
Alternatives to Lux Trading Firm
You might want to check out these platforms if you are looking for alternatives to Lux Trading Firm.
RebelsFunding
RebelsFunding stands out for its wide range of virtual capital sizes. From $1,000 to $320,000, you have a wide range of options. You can also double your initial funded account size and increase the profit share by meeting specific performance targets.
The5ers
The5ers offers a more flexible prop firm experience. If you are confident in your trading skills and want access to larger accounts quickly, their high-stakes program should be a good fit for you.
On top of keeping your profits, you’ll also receive a fixed salary each month.
Trade The Pool
If you’re interested in a stock-focused prop firm, Trade The Pool is a good option to consider. You can trade in familiar assets like stocks, ETFs, and even penny stocks.
They also have a 14-day free trial that lets you explore their platform before committing to an evaluation.
Conclusion
And that sums it up for this Lux Trading Firm review. We tested the platform, checked user reviews and trader discussions, and came to the conclusion that this prop firm is legit.
You can get funded accounts up to $10 million by scaling up. They also provide educational resources, market analysis, and mentorship programs.
Sign up with Lux Trading Firm now!
We’d recommend you first try their mentorship program, get more confident in your skills and then sign up with Lux Trading Firm.
Frequently Asked Questions
Here are some answers to some of the most common Lux Trading Firm questions.
Is Lux Trading Firm legit or a scam?
Lux Trading Firm is a legitimate trading company and not a scam. For more information, go to the “About Lux Trading Firm” section.
Is Lux Trading Firm regulated?
No, this trading firm is not regulated, but its financial partners are. This is discussed in more detail in the “Safety and Regulation” section.
What is Lux Trading Firm?
Lux Trading Firm is a prop firm that offers funded CFD, crypto, and forex accounts to traders. Take a look at the “About Lux Trading Firm” part to find out more.
Which broker does Lux Trading Firm work with?
Lux Trading Firm is partnered with Broctagon Prime to facilitate your trades. The “Brokers” section has more info on this.
How many Lux Trading Firm accounts can I have?
You can have multiple Lux Trading Firm accounts of the same type, but they cannot mirror each other’s trades. For more information, read the “Maximum Capital Allocation and Multiple Accounts” section.
Where is Lux Trading Firm based?
Lux Trading Firm is headquartered in London, UK, but also has offices in UAE, Montenegro, and Saint Lucia. The “About Lux Trading Firm” section contains more information about this company.
Does Lux Trading Firm allow the use of an Expert Advisor or Copy Trading?
Lux Trading Firm will only allow the use of EA if it is created by the trader. Third-party EA is not allowed. The firm forbids any form of copy trading between accounts. Detailed information is available under the “Copy Trading” and “Expert Advisor” sections.
Is Lux Trading Firm legal in the US?
Lux Trading Firm is not accepting new US traders at the moment. For more information, see “Accepted Countries“.
How long has Lux Trading Firm been around?
This British prop firm has been around since 2020. Take a look at the “About Lux Trading Firm” section to find out more.
How much does Lux Trading Firm cost?
Lux Trading Firm costs range from £299 for their lowest tier evaluation account to £1,499 for the highest tier. For more information, click on “Prices and Challenge Fees“.
How often does Lux Trading Firm payout?
Lux Trading Firm pays out profits to traders once a month. More information is available under “Payment Methods and Payout System“.
Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.
