- 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
TradingFunds
- Impressive Trustpilot rating of 4.3/5.
- Single-step evaluation with 1:10 to 1:100 leverage.
- Profit sharing of 80% to 90%.
- Flexible trading: overnight, weekends, and during news events.
- Unrestricted trading strategy.
Cons ❌
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
TradingFunds
- Elevated evaluation account fees
- Trailing Drawdown
- Starting leverage at a low of 1:10
- 2% Maximum stop-loss for each instrument
Rules 📋
Lux Trading Firm
Maximum Loss, Minimum Trading Days, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
TradingFunds
Maximum Trailing Drawdown, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Lux Trading Firm seems tailored for the vigilant trader who appreciates a structured program with the potential for significant growth. Offering a free trial is a compelling attention-grabber that allows potential clients to experience the firm's trading environment risk-free, making it a big draw for beginners and seasoned traders alike. The firm's admirable Trustpilot rating indicates a high level of trader satisfaction, which bodes well for its reputation.
Lux's program is appealing to ambitious traders, with its provision to scale up to $10 million USD representing a clear path to substantial trading careers. With a generous 75% profit share and no deadlines on profit targets, clients have the time and incentive to trade responsibly and potentially profitably. The freedom to hold positions over the weekend adds a layer of strategic flexibility that more conservative firms often withhold.
On the downside, the firm imposes a relatively tight 4% relative drawdown and loss limit, which might be constricting for more aggressive traders. The leverage options are quite limited compared to industry standards, potentially dampening the attractiveness of the firm for those seeking high-risk, high-reward trading scenarios. Furthermore, the requirement for a minimum number of trading days could be seen as a deterrent for traders who prefer a less stringent environment.
TradingFunds Highlights
TradingFunds stands out with its single-step evaluation process and sliding scale leverage, offering traders a streamlined path to funding alongside the capability to adjust their risk levels from conservative to quite aggressive. Their Trustpilot rating, which is only slightly below that of Lux Trading Firm, still reflects a positive client experience.
What may turn heads is the impressive profit sharing arrangement, ranging from 80% to 90%, which is among the highest in the industry. The company's flexible trading conditions – allowing for trading overnight, during news events, and over weekends – are a testament to their commitment to cater to various trading styles.
On the flip side, the higher evaluation account fees could deter some traders from signing up, especially those who are cautious about initial costs. The trading environment is made more challenging by a trailing drawdown and a 2% stop-loss maximum per instrument, factors that impose a stringent risk management framework.
Financial Operations
Both firms support multiple deposit and withdrawal methods catering to international clients with standard options like bank transfers, cryptocurrency, and credit/debit cards. Interestingly, TradingFunds offers PayPal, providing additional convenience, which is a noteworthy edge for PayPal users.
Trading Terms Comparison
Lux Trading Firm has confined its clients to a single trading segment and less leverage, which may appeal to traders looking for focused, moderate risk management. In contrast, TradingFunds starts with a lower leverage but allows for a broader range of strategies, possibly attracting a more diverse trader demographic.
Account and Instrument Variety
Both firms offer a range of account sizes, but Lux Trading Firm explicitly delineates its offerings, accommodating traders with different capital ambitions. This level of transparency in account structuring can assist traders in finding a suitable match for their capital requirements and risk tolerance.
In terms of tradable instruments, both firms offer a rich selection; however, Lux Trading Firm extends its reach to stocks, which can be a decisive factor for traders with a preference for equity markets.
Company History and Trust
Given that Lux Trading Firm was incorporated in January 2021 and TradingFunds in February 2023, traders concerned with longevity and track record might lean towards Lux, which has had more time to establish its operations and refine its service offering.
Final Verdict
In conclusion, Lux Trading Firm and TradingFunds cater to different trader profiles. Lux appears more structured and could be well-suited for traders who appreciate a conservative approach with the potential for significant scaling. TradingFunds is for the bold, offering high profit shares, flexible trading conditions, and a wider range of leverage options, though at a higher initial cost and more stringent risk controls. Each has its advantages and limitations, and the final choice would align with a trader's individual preferences, trading style, and risk tolerance.
