Lux Trading Firm
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Lux trading is SCAM and these guys are THIEF
Lux trading is SCAM and these guys are THIEF and they're doing it under some strange rules that you never find in other prop firms so they're able to make you fail deliberately. I bought a $1M account. They have a rule that you have to manage risk size based on 6% of remaining capital. Just think about it. How many trades should you open and win to hit 10% profit target. As a swing trader, it takes years this way. They lied to me that their $200K accounts doesn't have this rule in the first challenge phase so you're free to risk size you want therefore I changed my $1M account to two $200K accounts. Although they imposed high fee for this change. finally after hitting target successfully and winning challenge phase they made another excuse that you have risked too high per trade and not consistent because they calculate risk size based on 6% of remaining capital. I have risked 1-2 % of capital per trade consistently which is a standard in the market but they don't accept it and find another excuse. They called my big profits ,lucky trades and they didn't accept those big profits which was generated in super trends. I'm a swing trader. How on earth that getting super trends and winning big is a breach of rule? It's funny. I'm a trend trader and winning big trends is smart and healthy but they call it breach of rule of exceeding 10% profit. So they didn't accept my successful passing of challenge phase and didn't pay me back 50% of fee. STAY AWAY FROM THESE THIEVES PLEASE I swear to God that this company is SCAM. I made a mistake buying their challenge and lost £1500. You don't do it. And lux trading, be aware that you can't steal from people like this. God will revenge in his way one day.