About Lux Trading Firm
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Customer Reviews (569)
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1 month ago
Mark Bernhard
They charge $1,260 for a $10 million account. According to their rule book and confirmed by their customer service representative, Rastislav, the maximum loss per trade is capped at 5% of the risk capital. So, for a $60,000 risk capital, that equates to a $3 risk per trade. On the flip side, the maximum profit per trade is also limited to 5% of the profit target, meaning that for a $150,000 profit target, you’re looking at a maximum of $7,500.
This effectively gives a profit factor of 2.5, even on a live account, which significantly restricts the potential for traders, particularly for those who prefer holding onto trends. I can see the rationale for the evaluation accounts, as they test traders, but it seems pretty unreasonable to limit profits on live accounts. I’m not claiming that a 2.5 risk-reward ratio is terrible, but there’s potential to trail stop-loss into profits when riding a trend, and this cap isn’t justified.
Rastislav didn’t provide a clear explanation regarding this rule; instead, he implied that the approach was non-negotiable, saying, “it’s not for you and me to set the risk-reward limits; they’re used by large financial institutions. If you can’t comply, that’s fine—we can’t accommodate every trader.” His tone came off as somewhat dismissive, which was frustrating. Truly, what kind of major banking institution operates this way? Typically, those big players are trend-followers aiming for higher risk-reward ratios.
This cap on maximum profits is puzzling and suggests some questionable practices—a risk of $3,000 for a potential $7,500 doesn’t seem right, especially when compared to accounts around $200,000 with about 1% risk. I hope they’re not misleading people with unrealistic dreams of becoming millionaires or facing financial issues. Maybe I’m mistaken, but their inability to clarify this rule has certainly shaken my trust. I’ve decided to look for another trading firm. Farewell.
Edit: Lux, you’ve responded below; therefore, I can’t reply directly. Please send me an email (you have my contact) and I’ll share the screenshots of my conversation with Rastislav, who confirmed that the profit cannot exceed 5% of the profit target on a $150,000 target for a $10 million account. This is also outlined in your rule book. I’m surprised you’re twisting your words to claim the limit is 10%. For those reading this, please review their rules—you’ll find that the maximum profit for a $10 million account is indeed capped at 5%.
Edit 2: Now you’ve corrected your response to 5%. Yes, that means $7,500 on a $10 million account, risking $3,000 results in a 2.5 risk-reward ratio, which is acceptable. But my primary question remains: why impose a limit on a live account when trailing stop-loss could allow traders to maximize profits without any risk?
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2 months ago
Abner Jones
I’ve been a loyal customer of Luxtrading for a few weeks now. Having tested several prop firms, I feel like I have a decent understanding of this market. One thing I can confidently say is that their chat service is consistently available, and they quickly address all my inquiries. Although I haven’t completed my challenge yet, so I can’t provide more details at this time, I definitely plan to share more insights in the near future.
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3 months ago
Fernando Turner
It’s great to come across your company. I truly believe that I will take on Lux Trading Firm soon. It seems like your rules cater well to professional traders. I’m really looking forward to the prospect of a long-term collaboration with LUX Trading Firm.
From: Aitech Finance (Mrs. Nhung Diep)
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3 months ago
Krystal Bogan
The experience with this proprietary trading firm has been nothing short of excellent. Their level of professionalism truly stands out. I’ve encountered numerous firms in the trading industry, but few match the dedication and expertise demonstrated here. They make it a point to prioritize their clients, which creates a positive environment for traders at all levels. It’s clear that they value transparency and support, making the overall trading journey enjoyable and educational. If you’re considering engaging with a trading firm, I highly recommend giving this one a serious look.
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3 months ago
Lola Dicki
After spending more than a year getting ready for the challenge at Lux, I decided to go for it because the guidelines are straightforward and the capital offered is quite appealing. My hope is to be a part of this firm for the long haul.
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4 months ago
Adelbert Ruecker
While the strict rules of Lux Challenge can be quite challenging, I have to say they’ve significantly improved my trading skills. Honestly, they push me to refine my strategies and pinpoint where I may be going wrong. I’m really looking forward to successfully completing the challenge.
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4 months ago
Olga Conn
Lux Trading Firm stands out as my top pick among trading firms. I’m genuinely pleased to be part of this team!
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4 months ago
Trent Reichel
Signing up was a breeze. I clicked “start now” and less than 30 minutes later, I was trading on my own account. Although I’m still in the early stages, I find the platform to be incredibly user-friendly and intuitive.
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4 months ago
Merlin Bernier
This is a genuinely solid proprietary trading firm. It’s professional and offers an excellent environment for advancing your trading career.
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5 months ago
Jerel Osinski
Lux offers solid services, but there’s a significant issue at play. The firm seems to be heavily focused on the U.S. market, which generates about 60% of their revenue. However, with increasing regulatory pressures restricting U.S. traders from accessing the market, Lux has been continually altering their platforms to cater to these clients. Unfortunately, this constant reshuffling is negatively impacting traders from other parts of the world, causing interruptions in trading and making it difficult for them to adapt to the frequent changes.
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6 months ago
Roberto O'Reilly
Responses to requests are consistently prompt and helpful.
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6 months ago
Halle Collins
The support I’ve received has been outstanding, with prompt responses to all my inquiries and issues, whether they are trading-related or technical.
The firm definitely gives off a professional vibe, boasting dedicated departments staffed with actual individuals in real locations.
Just yesterday, I placed my initial trades with them, and I must say, I’m quite satisfied so far.
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6 months ago
Brendan Auer
It’s probably a good idea to check out Google reviews instead of relying solely on this platform. You’ll find a wider variety of insights and opinions there.
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6 months ago
Whitney Kuhn
I reached out to their online support for clarification on some of their trading rules, and I have to say, the experience was quite disappointing. The representative I spoke with was notably rude and condescending, which was surprising given that I was simply a prospective customer seeking information before making a purchase.
Interestingly, I noticed their response below, and it seems to be penned by the same individual I interacted with during my inquiry.
The account of our conversation wasn’t entirely accurate; my aim was merely to find out whether they viewed averaging into a position as acceptable under their rules, or if it might be categorized as grid or martingale trading. As someone considering their services, I thought this was a reasonable question to ask before committing.
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6 months ago
Deion Gutkowski
The team is really quick to respond to inquiries, providing straightforward answers. I value their commitment to their trading rules and the importance of adhering to them for progress. I’ve had to reset my account a couple of times, mainly because of my own lack of discipline. Still, I’m optimistic about advancing to the next stage on my next try.
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6 months ago
Edwin Jast
The response time was impressively quick and efficient. The service provided was notably prompt, which made a positive impact on the overall experience.
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6 months ago
Savion Yundt
The service is excellent and responds promptly when needed.
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7 months ago
Nathan Weber
I recently purchased an evaluation account, and I was pleasantly surprised at how quickly I received the account details—within minutes, in fact. Prior to this, I familiarized myself with the rules using a test account, which was quite helpful.
What I really appreciate is their proprietary platform, which is built on TradingView. In my view, it surpasses MT5, offering a superior trading experience.
Ricky Conn
Lux Trading has proven to be a significant disappointment, and I feel compelled to share my experience. From the outset, their rules appear to be uniquely structured, leading me to believe that they manipulate the conditions to drive traders towards failure.
I initially invested in a $1 million account, but soon discovered an unusual stipulation: risk management must be calculated based on 6% of the remaining capital. This raises a crucial question—how many successful trades would it take to reach a 10% profit target? For a swing trader like me, that could stretch into years.
Moreover, I was misled into believing that their $200,000 accounts did not enforce this rule during the first challenge phase. Enticed by this information, I switched my $1 million account for two $200,000 accounts, despite the considerable fees incurred by this change. After successfully hitting the profit target and passing the challenge phase, they then found yet another excuse: I had supposedly exceeded the acceptable risk amount per trade, claiming that my approach lacked consistency because of their 6% rule. Despite consistently risking 1-2% per trade—an industry standard—they dismissed my practices and sought additional justifications to deny my success.
In what seems like a mockery of my efforts, they labeled my substantial profits as merely “lucky trades,” failing to recognize the gains I achieved through following the trend. As a trend trader, capitalizing on big trends should be seen as smart trading, yet they labeled these accomplishments as breaches of an arbitrary rule about exceeding a 10% profit.
Ultimately, they did not honor my successful completion of the challenge phase and refused to refund 50% of the fees. I urge potential traders to steer clear of Lux Trading. My experience has resulted in a loss of £1,500, a costly lesson learned.
Lux Trading, just know that dishonest practices do not go unpunished. One day, justice will prevail.