Lux Trading Firm Reviews

The Elite package is structured very well. I am in the evaluation stage and I feel looked after. My mentor Jake put me on a great path and the Risk Desk keeps me from falling off. Very satisfied.

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.

They charge $1260 for $10Mn account: As per their rules book, even on live acc (as confirmed by their customer service executive Rastislav): Max Loss per trade not more than 5% of risk capital: 5% on $60k = $3 risk per trade Max Profit per trade not more than 5% of profit target: 5% on $150k = $7.5k Essentially profit factor is 2.5 even on Live acc, which is limiting the potential to ride a big trend especially for swingers, i can understand for eval acc as they want to test u, but limiting profits in live account doesnt make sense. I'm not saying 2.5 RR is bad but we can simply keep trailing SL into profits for riding a trend ... There's no proper explanation from Rastislav on this rule either, instead he said: "it's not for me and u to decide the RR limits, it's used by big banks, if u can't adhere, it's fine we can't accommodate every trader" basically he asked me to get the hell of out here with a generic canned response .... what kind of big bank does it? These big players are mostly swingers & they aim for a higher RR by riding the trend...This max profit limit doesn't make any sense anyway, looks like u r doing some shady business (essentially we are risking 3k for 7.5k which is similar to RR of $200k or similar account sizes with around 1% risk). Hope u r not scamming ppl with the dream of showing $1m or u either have fund issues going on. Hopefully I'm wrong but you r not able to explain this rule neither gained my trust. Finding another prop. bye Edit: Lux, u have replied to me below, hence there's no option to respond & prove, pls write a mail (u have my mail) & I'll share u the screenshots of customer service chat by Rastislav where he confirmed profit cannot be more than 5% of profit target $150k in case of $10M account, the same is mentioned in ur rule book as well. I'm surprised you are twisting ur words below by saying max profit limit is 10%. For everyone reading this, please go through their rules once, U'll see it's mentioned max profit on $10mn acc cannot be more than 5% of profit target Edit 2: see now u have corrected to 5% in ur reply below. And yes $7.5k on $10mn with risking $3k is 2.5RR which is okyish but my question is why is it limited on live account if we can ride bigger trend with more potential profit by trailing SL into profits (absolutely no risk in this).

It was useful.

I am a faithful customer of Luxtrading since some weeks. I've already tested different propfirms so I guess to have achieved an idea about such a market. What I may easily confirm is that chat service is always available, they solve promptly all my questions. I didnt finish my challenge yet, so I cant add more info at the moment. Surely I will in the next future.

Nice to know your company, I think one day soon I will challenge with Lux Trading Firm, I feel your rules are suitable for professional traders, I always look forward to working long term with LUX Trading Firm. From : Aitech Finance ( Mrs Nhung Diep)

Exzellent and professional

Lux Trading Firm is simply My Choice of Trading Firm !!!!!!!! Glad to Join It !!!!!!!!!!!!!!!!!!!!!!

Super easy sign up. I when from clicking start now. To trading on my own account within about 25mins. I've only just started but great user friendly platform.

Genuin propfirm..Professional and a perfect place for your trading career

Lux services are good . The problem is they are chasing the US market which gives them 60% of revenue. Since US regulatory are clamping US traders out of US market , Lux keep changing their platforms to accommodate US clients . By this , they are dragging the rest of world traders to their changing in platforms and halt in trading.

Good responses to all requests.

Well the support and quick responses to all my questions and problems has been fantastic. Regarding both, trading questions och technical support. The firm seems very professional and they got real departements with real people on real locations. I just placed my first trades with them yesterday and so far I am very pleased.

Better to read google review instead of here....

I contacted their online help for clarification regarding some of their trading rules and was treated in an incredibly rude and condescending manner. As a potential customer asking pre sales questions it was surprising. I see that they have responded below and it appears that the response is written by the same person that I conversed with online. Not entirely accurate in the way the conversation went as I was simply trying to establish if they considered averaging into a position was acceptable and met their trading rules or if that might be considered as grid/martingale. As a potential customer it seemed a sensible pre purchase question to ask

The responsiveness to questions is quick and to the point. I appreciate that they stick to their rules and emphasise that you have to as well in order to progress. I have had to reset my account a few times, but due to my own indiscipline. I hope to get to the next stage though in the next attempt.

The service and response was prompt and quick.

Excellent service responding when required.

I have bought an evaluation account several days back. The account details arrived in minutes. I have learned the rules through a test account beforehand. I love their own platform, which is based on the TradingView. It's even better than MT5, as per my opinion.