Forex Funding Programs | Forex Funded Account

We provide the best forex funding programs to qualify and grow your funded forex accounts. You can start your trading career with our trusted trading firm.

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Lux Funded Trading Accounts Program – An Overview

The Lux Trading Firm Evaluation account’s objective is to assess if you can adhere to our rules for trading our live accounts. The rules are simple, and the limits are in place to protect our capital and protect your profits. (Forex funded account)

Please do not request exclusion from any of these rules. They are there for both our benefit.

Lux Funded Trading Accounts Program – An Overview

Please do not request exclusion from any of these rules. They are there for both our benefit.

What is the Profit Target and What is the Profit Share ?

Evaluation demo and Stage 2 target according to our different trading models.

At Lux Trading Firm we have three different accounts:

$15,000 -Evaluation demo and Stage 2 – The target for this account is $900

$10,000-Evaluation demo and Stage 2 -The target for this account is $600

$5,000–Evaluation demo and Stage 2 -The target for this account is $300

Once a trader reaches its goal of 6% as a profit then he/she shall be entitled to a 65% Profit share on the respective account.

‎HOW DO THE FULLY FUNDED ACCOUNTS WORK:

Once you have you fully funded account the profit targets are 10%

We shall split the profits in a ratio of 65% to the trader and 35% to Lux Trading Firm.

The fully-funded trader can request a withdrawal only once per month. The transactions will be processed within 24 hours. (Forex funded account)

What is my maximum loss limit ?

At lux Trading firm we believe that all traders should get a fair chance to enable them to trade and remain within their risk limit. As many of you may know Institutional traders are risk-averse and generally make a very good trading decision which leads to profitability and consistency.

The MAXIMUM RELATIVE DRAW DOWN in the evaluation and Stage 2 is 4%

What does relative drawdown mean?

The difference between the highest account balance at the time compared to the lowest unrealized equity value.‎

The losses can never exceed the value of the Maximum Relative Drawdown specified at the start of the Evaluation. (Forex funded account)

For example, for the $10K Evaluation demo and first funded stage Acc, the max relative Drawdown is $400. If the starting account balance was $10,000, and at a later time, the trader made a profit of $200, bringing the account balance to $10,200. Then the stop-out level based on the Relative Drawdown would be $10,200 – $400 = $9,800.

Your account will be immediately disabled when you hit your max loss allowed; you can pay a reset fee of 150 GBP to start over.

Fully Funded 50k, 100k or 150k Acc stages (stage 3 and up):

The max loss during the Fully Funded 50k, 100k or 150k Acc stages is 4% Fixed loss from the initial balance. The fixed loss is defined by 4% Loss if the Initial Account Balance (Not Relative).

The losses can never exceed 4% of the initial account balance as your account will be immediately disabled when you hit your max loss allowed.

For example, once you pass the Evaluation demo and first funded stage on the $10K account, you will be given a $100K fully funded account to trade with. Then the stop out level based on the 4% Fixed loss would be $100,000 – ($100,000 x 4%) = $96,000. So, the funded trader would not lose the account until the account equity hits $96,000.

Should this happen, you can apply for a new account by paying a reset fee of GBP 150, independently from your selected account size and current stage. You will go back 2 stages in the program, that is, if you were on stage 4 you will start again on stage 2.

From stages 3 onward, you will be assigned a personal risk-manager that will help you with anything that is necessary to reach your goal/target. Your risk-manager is there to advice, support, and guide you in any way that is beneficial to both of us. In case of serious negligence, or poor risk management the account might be closed at our discretion and the trader will be expelled from the program.

Understanding the maximum Stop Loss Limit

As you all know being a trader is about managing risk. One of our very important guidelines is that all traders must have a stop loss in place according to their strategy within 2 minutes of placing an order or trading on the spot. If the trader does not place stop losses within this time frame this can lead to disqualification. (Forex trading)

When placing stop losses, you must bear in mind the maximum loss limit and your account has to be above your drawdown limits.

In the event that you place a stop-loss order outside the scope of your loss limit then this would be considered a breach of lux trading firm’s rules.‎

Let me give you an example:‎

If your maximum drawdown level is $100 then your stop loss should not be $150 as this would not be acceptable and a breach of Lux Trading Firm’s Guidelines.

Another note to be made is just in case you have multiple positions on the account the cumulative stop loss should not breach the maximum drawdown limits either.

PS: Any Profit Made by Violating Due to Not Having A Stop Loss in Place or the Stop Loss exceeded the max DD level will not be counted towards the final profit target. After 2 official warnings the third time when you violating these rules we will disable your account. (Forex trading)

What are the time limits and trading days criteria?

At Lux trading firm, we do not believe that a trader should really be restricted to time as this can severely hamper the chances of profitable traders. So let us put your mind at rest by letting you know there is no maximum time limit for the evaluation account or fully funded trading accounts.

The only major stipulation that we do have is the following:

If the trader is unable to trade for a period of 60 Trading days, we would need a written email to explain his/her situation, and it would be down to Lux Trading Firm’s Asset manager to make the appropriate funding decisions.

What do we mean by Active trading days?

Being a trader is not about being a one-hit-wonder. It’s about finding a suitable strategy that works with consistency and one that deems profitable to you.

All Lux Trading Firm Traders need to have traded a minimum of 29 Trading Days on their Evaluation Demo Acc and First Funded Acc stages.

Lux Trading Firm defines a trading day by the day the funded trader opens a new trade on a new day. For example, if the funded trader opens GBP-USD trade on Tuesday and closes the same trade on Wednesday, this counts as 1 trading day. The active trading day that counts is the day GBP-USD has opened and not the full duration of the trade. (Forex trading)

Active trading days are Monday till Friday and not weekends and holidays.

For Fully Funded 50k, 100k, or 150k Acc stages have no minimum or maximum active trading days.

The evaluation period is to track the trader over a period of 29 active days and a minimum of 29 Trades. We will not be accepted big differences in lot sizes, risk size or trading style to fulfil the active trades or trading days.

List of securities permitted to trade

Lux Optimum Funded Trader Program allows you to trade Forex, Indices, Metals and Energies CFDs in any trading style that is available on our MT4 platform.

Lux Optimum Growth Trading Plan

At lux, unlike many proprietary trading firms, we want our traders to grow with as they trade consistency, proficiency and profitability. Our Investors are more than willing to support our traders in their growth hence the reason we developed the Lux Optimum Growth Trading Plan.

Once you have completed your evaluation Lux Trading Firm will fund the account with the same amount as the demo evaluation account size.

Once the first funded account stage has completed, Lux Trading Firm will fund the account 10 times the first funded account size.

For the $15K first funded account, you would get $150K fully funded account upon reaching the 6% profit target.

For the $10K first funded account, you would get $100K fully funded account upon reaching the 6% profit target.

For the $5K first funded account, you would get $50K fully funded account upon reaching the 6% profit target.

All Fully Funded 50k, 100k or 150k Acc stages Before the $2,5Mill stage:

Every time the funded trader generates trading profit equivalent to 10%, Lux Trading Firm will double the account size (50k, 100k, 200k, 500k, 1 million up ‎until 2,5 million)‎.

The $2,5Mill Acc stage:

At this stage, the account will start with 2,5 million, and it will grow at the normal rate based on the profits the ‎funded trader generates each month.

Trading Strategy allowed

Evaluation demo and First Funded & Fully Funded 50k, 100k or 150k Accounts have the leverage of 1:10

All trading styles are welcomed, self-developed EAs, news trading and holding trades over the weekend are allowed.

We allow EAs that are created by the trader (trader’s intellectual property). EAs that are developed by a third party, is prohibited since this does not show the individual trading skills of the trader. If this EA is no longer available to the trader/public, for whatever reason, the trader will be unable to update, upgrade or make changes to it for the better. One can use a third party EA as a tool to support your strategy without a trade execution option.

Lux Trading Firm prohibits duplicating trades and orders by using a copy trading service ‎offered by any one provider.

Lux Trading Firm allows traders with a self -developed strategy to use the Lux trading platform as the Master account and copy the trades to other (Slave) accounts that belong to the trader or his/her company. It is prohibited to copy your trades to other than your own trading account(s). Our algorithms will recognize when trades are duplicated to different trading accounts with us and will close them automatically. All the parties involved will be expelled from the program and no refund or reset will be possible.

Trading the accounts of friends, family, or any other relationship managed by you at Lux, using the same strategy is prohibited. All the parties involved will be expelled from the program and no refund or reset will be possible.

Our terms and conditions for withdrawals

We hope you have taken the time to read all the above terms and this is the most anticipated stage for all traders so we would like to give you clear guidelines on our withdrawal policy.

The Profit Payment Process:‎

Once a trader achieves his/her profit target of 6% on the first funded accounts the trader can withdrawal their 65% profit split.

Traders can only take their 65% profit split of the Fully Funded 50k, 100k or 150k if there is a net profit.

All fully-funded trading accounts can receive their profits payments within the first week of the new month.

What is the withdrawal process?

1) Send an email to our accounts department at the end of the month requesting the withdrawal and shall process your request within 24 hours.

2) Please make a clear request on the email for the exact funds you wish to withdraw.

3) The withdrawal request will not influence the 10% profit target to grow in Lux Optimal Trading Growth Plan.

4) Once you have made your withdrawal it’s back to your trading account and begins to aim for your next target on the Lux Optimal Trading Growth Plan.‎

The Evaluation Demo Fee Structure

Lux Trading Firm asks for an enrollment fee to cover the use of all our unique applications, such as MT4 Platform, Trading Data, Account analysis, Personal Coaching & Support and our professional analyst trades of the day. during the evaluation phase of the funded account program.‎

Even we have no other cost than the enrollment fee, still, If you continue to Breach any Trading Rules or you pass the Max 4% Draw-down Limit, you’ll need to reset your trading account to continue being eligible for funding. The reset costs £150, and your account will be reset to its starting balance regardless of your account balance at the time of the breach.

The Enrollment Fee Refund Policy

The moment the trader has paid the enrollment fee and Lux Trading Firm has sent the email with login details of their evaluation account, from that moment, there will be no more refund possible.‎

Practical Assessment Reset Fee

You should only reset your account under the following conditions:

You have been advised as you have breached the 4% Maximum Drawdown.

You voluntarily wish to reset your account for whatever reason.

When you reset your account, you will be provided with another fresh trading account, and you will be sent your new account log-in details for MT4. You will have to pay £150 for this reset.

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Phone Numbers +44 20 7193 9534

Email - info@luxtradingfirm.com

Location

160 City Road, London

EC1V 2NX, United Kingdom