- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
Lux Trading Firm
- Free Trial available
- Impressive Trustpilot rating of 4.5/5
- Opportunity to scale up to 10 million USD
- Prompt email support
- No deadline on achieving profit targets
- Permission to hold over the weekend
- 75% profit share
Cons ❌
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Lux Trading Firm
- Restriction of 4% on maximum relative drawdown and loss limit
- Limited leverage of 1:1, 1:5, and 1:10
- Stringent minimum trading day requirements
- Confined to a single trading segment
Rules 📋
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Lux Trading Firm
Maximum Loss, Minimum Trading Days, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
FTMO is a well-established proprietary trading firm, having been in the industry since September 2015. This firm stands out with a highly positive online presence, boasting over 4,000 Trustpilot reviews and an average rating of 4.9 out of 5. FTMO caters extensively to the trader's growth and development by providing supportive resources like a trading psychologist and an array of diverse trading tools. Adding to its appeal is the provision of free trials, infinite evaluation retries, and bi-weekly payouts with an 80%-90% profit share, marking it as one of the most trader-friendly options available. FTMO also prides itself on flexible trading conditions that include no cap on trading duration, a minimum of just four trading days, and a generous 1:100 leverage.
Lux Trading Firm Overview
Lux Trading Firm is a newer player in the prop firm space, established in January 2021. Despite its shorter time on the market, Lux Trading Firm has managed to cast a favorable impression with a Trustpilot rating of 4.5 out of 5. Similar to FTMO, it offers a free trial to prospective traders. One noteworthy prospect with Lux is the opportunity it presents to traders to scale up their accounts to an impressive 10 million USD. Their email support is prompt and efficient, and their trading conditions are designed for serious traders, offering a 75% profit share with no deadline on achieving profit targets, and permission to hold positions over the weekend.
Comparison of Prop Firm Offerings
When comparing the two firms directly, FTMO and Lux Trading Firm offer distinct advantages that cater to different trader profiles. FTMO's wider variety of account sizes and currencies, as well as its richer array of tradeable instruments, including bonds and metals, provide a diversified trading experience. Additionally, FTMO permits a higher leverage, potentially attractive to traders who are looking to maximize their trading strategies.
In contrast, Lux Trading Firm restricts leverage options to 1:1, 1:5, and 1:10, which may appeal to traders with a conservative risk appetite. Their unique proposition lies in the potential to scale to large account sizes, up to 10 million USD, which is rare in the industry. This could be particularly attractive to successful traders aiming for significant capital increment.
Considerations for Retail Traders
Retail traders considering these firms should take into account not only the financial aspects but also the educational and support opportunities. FTMO may appeal more to beginners due to its comprehensive education videos, while both firms require adherence to similar rules such as maximum loss and minimum trading days, which enforce discipline in trading.
Payment Methods and Withdrawals
Both firms provide familiar deposit and withdrawal methods including bank wire transfer and cryptocurrency options, ensuring accessibility and convenience. It's imperative for traders to understand the nuances of payout structures and potential fees involved in these methods.
Account Size and Tradeable Instruments
Firm 1, FTMO, presents a wide array of account sizes and currencies, from USD to CZK, catering to an international community of traders, while Lux Trading Firm has a more focused offering with their accounts denominated solely in USD. This may influence traders depending on their preferred currency for trading.
Final Takeaways
Choosing between FTMO and Lux Trading Firm ultimately hinges on individual trading styles, risk tolerance, and financial goals. FTMO's holistic approach with vast educational resources, higher leverage, and a substantial profit share ratio is favorable for many traders. Meanwhile, Lux Trading Firm's offering, tailored for upward scalability and conservative leverage, can allure traders with a longer-term growth plan and risk-averse tendencies.
Retail traders must weigh the aforementioned pros and cons of each firm and align their choice with their personal trading philosophy. Both firms have solidified their positions in the proprietary trading firm arena with strong Trustpilot reputations, but it's the subtleties in their services and offerings that will determine the best fit for potential users.
