Leveled Up Society makes a strong impression with its offer of an account balance up to $1,000,000, which means higher capital for traders to work with. This is coupled with an attractive profit share ratio of 80% to 90%, placing it among the more generous in the industry, along with frequent fortnightly distributions which aid in cash flow for traders. The flexibility to hold positions overnight and during weekends without additional restrictions is a significant positive, especially for those with a long-term strategy. Additionally, the account scaling feature and the leverage at 1:100 caters to aggressive growth and risk-taking traders. Furthermore, the wide array of tradable assets ensures that traders have plenty of markets to diversify their strategies.
Despite the above strengths, the firm does impose a set of rules which may limit certain trading styles. These include the prohibition of practices like using Martingale strategies or trading during news events, which can be a turn-off for some traders who specialize in these areas. There can also be a question mark over the robustness of Deel as the sole withdrawal method, potentially limiting accessibility for certain traders.
Leveled Up Society suits aggressive traders looking for high leverage, large account sizes, and strong potential for account growth. They cater well to a variety of trading strategies with the offered array of tradable instruments.
One of the main advantages of Lux Trading Firm is the opportunity to trial their platform before committing financially, reducing the barrier to entry for many traders. Their high Trustpilot rating speaks volumes about their credibility and customer satisfaction. The possibility of scaling an account up to an impressive $10 million provides an attractive pathway for growth. Lux also understands the need for responsive customer service, reflected in their prompt email support, a privilege not to be overlooked in the fast-paced trading environment. Furthermore, the absence of a deadline to reach profit targets offers a relaxed trading environment that can favor cautious and strategic traders. Allowing positions to be held over the weekend also adds to this flexibility.
However, the firm has its restrictions, such as the 4% maximum relative drawdown, which could be a limiting factor for strategies that require higher risk allowances. The lower leverage options of 1:1, 1:5, and 1:10 can similarly be restrictive and not suitable for those looking to take aggressive positions. The stringent minimum trading day requirements may also put pressure on traders to trade even when market conditions are not ideal. Lastly, being confined to a single trading segment may hinder diversification efforts.
Lux Trading Firm is an excellent option for those seeking a trusted firm with the potential for substantial account growth. Its structure suits cautious traders who appreciate customer support and a less pressurized environment to achieve profit targets.
Both firms offer the overnight and weekend position holds, a variety of account sizes, and support crypto transactions. While Leveled Up Society provides higher leverage and a more diverse portfolio of instruments, Lux Trading Firm offers a free trial and higher potential account scaling. Withdrawal methods present a clear difference: Leveled Up Society relies solely on Deel, while Lux Trading Firm offers more conventional methods such as bank wire along with crypto.
When it comes to choosing between Leveled Up Society and Lux Trading Firm, traders must consider their trading style, risk appetite, and preferences for growth opportunities. Leveled Up Society appears to cater more to the aggressive trader who values high leverage and rapid account scaling, while Lux Trading Firm is ideal for the trader prioritizing trust, customer support, and gradual, consistent account growth without stringent time pressures.
Both firms have their distinct advantages and trade-offs. It ultimately boils down to individual trading strategies and needs to determine which prop firm aligns best with a trader's goals and methods.