Lux Trading Firm
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Huge red flag - They want you to fail.
They don't offer a demo account. How on earth could you test your strategy and ensure you're falling within all of the detailed rules if you can't even open a demo account to test out a few trades. Instead they gave me a link to open a demo account on matchtrader, where the symbols and spreads would be different. They expect you to do all of the legwork for them and you still can't even test their own account. On top of everything they have many little exceptions in place designed to disqualify you, so it's basically walking a tight rope at all times - one such example is you can't adjust your stop loss 30 seconds before or after a news event - which is absolutely insane because the spreads get really wide during news events and this is has the same effect as tightening your stop loss, but your not allowed do anything to prevent that or you get disqualified! When I asked their agent why they wouldn't offer a demo account he said it was too expensive. So they can offer $1 million dollar accounts for you to trade but they can't offer you a demo account... These guys and their business model is to profit from your failure, don't spend your money here.