Stay far far away from Lux trading firm. We have discussed it before: url

Prop Firm Hub

FTMO wants to collect as much money as possible in December. Probably they are giving every employee a big cash prize to celebrate Christmas and New Year.

Prop Firm Hub

Talk is cheap. You don't know if they really copy funded traders.

Prop Firm Hub

The comparison table is not fair for CTI，because every dollar in personal account is used for compounding, while the profits on each level at CTI are just deposited into the bank account. You can open a personal trading account and compound the ...

Prop Firm Hub

I want to add that it is actually much harder than 100% flip of your account size based on the allowance of max. Drawdown. If it is a one-step challenge, then it is what you said. But almost all challenges are two-step, have you wondered why prop ...

Prop Firm Hub

Many prop firms managers do not know what is the risk. What makes Lux the worst is that they do NOT, on purpose, clearly explain their rules on their website. When you think you finally pass the challenge, they will say bla, bla, bla, you do not ...

Prop Firm Hub

Check my previous post : url Lux is worse than any other prop firms. They deliberately use vague languages about the rules. If you pass the challenge, they will find a lot of excuses to deny you. You can only place 1 trade at the same time, and ...

Prop Firm Hub

Your calculation is based on the assumption that you will definitely pass the challenge. The truth, as MFF statistics shows, is only about 2% of purchases pass the challenge and get live accounts. Combine 6x with 2%, you have 12% what you would in a ...

Prop Firm Hub

I like 'no time limit', but the major problem with fundedtradingplus is they use eightCap as their broker. If they use a reputable broker, I will try their program.

Prop Firm Hub

Is there any discount on MFF/FTMO challenge fee? Thanks!

Prop Firm Hub

Surgetrader also has no time limits. But they both use EightCap as their broker, too bad.

Prop Firm Hub

Almost all prop firms have a time limit (usually one or two months) for their challenges/evaluations, to force traders to use high leverage or trade frequently to reach the profit target in a short time. I only find two firms with unlimited time: ...

Prop Firm Hub

I just talked to Lux about their 'consistent' rule. I think that traders should consider other prop firms. Here is the transcript. Me what is the requirement for lot size? can I trade 0.01 lot EURUSD today and 0.1 lot EURUSD tomorrow? Lux Trading ...

Prop Firm Hub

Worst firm I've ever seen. Two big no-nos for prop firms: 1) relative drawdown; 2) monthly fee This firm has both. To make it worse, the relative drawdown is based on your highest unrealized profit, not based on balance. Besides, the ratio of profit ...

Prop Firm Hub

Two big no-nos:1. relative drawdown (trailing stop) 2. monthly subscription fee Both are unacceptable in this thread.

Prop Firm Hub

Anyone knows why so MANY 'prop' firms choose EightCap as their partner? Never heard EightCap until I read this thread. If 'prop' firms collaborate with a disreputable broker, does it mean they are also disreputable?

Prop Firm Hub

The 4% relative drawdown rule will deter potential traders. If they fear that some traders may trade aggressively after getting professional account, they could introduce 7%(or 6%) relative drawdown + 4% fixed drawdown. As each stage requires 10% ...

Prop Firm Hub

Lux has implemented the trailing drawdown rule for all stages. Crazy! What is the chance of getting to the 'Expert' stage? One out of ten thousands? Even if you get the 'Expert' account, how long can it last before the '4% relative' drawdown rule is ...

Prop Firm Hub