Find out the major disadvantages of Lux Trading Firm Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased Lux Trading Firm Alternatives reviews.
So which Proprietary Trading Firms are better than Lux Trading Firm? Want to jump straight to the answer? OspreyFX is the best alternative broker to Lux Trading Firm for December 2022

Rating breakdown

Challenge difficulty
50%
2.5/5
Support
60%
3.0/5
Trading Fees
40%
2.0/5
Payout scheme
60%
3.0/5

Things we didn't like:

 Poor UX and UI
 Strict rules
 Low leverage
 Limited withdrawal methods

Why would you want an alternative to LUX TRADING FIRM?

Lux Trading Firm imposes tough risk management measures. The maximum relative drawdown is 4% for the Evaluation and Advanced stages of the Lux programs. Additionally, the stop-loss has to be within the 4% drawdown limit and must not exceed the maximum allowance of risk capital. While there is no time limit, traders do have to hit a minimum number of active trading days (29 for evaluation and advanced accounts and 49 for professional accounts). There is an exception for swing traders. Lux does have a reasonable scaling plan: once funded, every time the trader hits a 10% profit target their account will double in size (until the cap of $2.5 million).

There is another aspect of Lux Trading Firm that, while not being a flaw per se, is nonetheless slightly irksome. The account sizes, profit targets, and promised funding are all stated in US dollars, while the prices for each program are given in British pounds. There will no doubt be a reasonable explanation for this, most likely related to the fact that Lux Trading Firm is headquartered in London, but the inconsistency does add a mental stumbling block to tallying up outgoings and potential incomings through the evaluation.

What to look for in a LUX TRADING FIRM Alternative?

As you can see, Lux Trading Firm is a decent, midweight prop firm. Their funding neither dazzles nor do their rules inhibit. In resumen they could be a sensible choice for a beginner with a reputation for consistent risk management, as the approachable nature of this firm would suit more novice traders. With the above in mind, here is what we would suggest as an alternative to Lux Trading Firm: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.

Best LUX TRADING FIRM alternatives – Proprietary Trading Firms like (or better than) LUX TRADING FIRM

4.3 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
80%
4.0/5
Trading Fees
90%
4.5/5
Payout scheme
80%
4.0/5

Things we liked:

 15% Exclusive Discount Code (SBOCOUPON)
  The OspreyFX team is reliable and helpful
 highly transparent - easy track and analyze results

Things we didn't like:

 Relatively new player in the funded account offering
 An entry fee to sign up for the challenge.

#1
OspreyFX Overview

OspreyFX is a powerhouse broker that offers leverage of up to 1:500 to trade forex, crypto, stocks, or more. They recently launched the OspreyFX Funded Account Challenge, a chance for traders to manage $100,000 with zero risk.

3.6 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
50%
2.5/5
Trading Fees
60%
3.0/5
Payout scheme
90%
4.5/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.5 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
40%
2.0/5
Trading Fees
70%
3.5/5
Payout scheme
80%
4.0/5

Things we liked:

  it takes a low percentage cut on your profits

Things we didn't like:

 Not one-off payment
  Challenges perceived to be too hard or pointless

#3
Topstep Overview

Founded in 2012, TopstepForex has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.

Lux Trading Firm Alternatives Frequently Asked Questions (FAQs):

Are there any sites like Lux Trading Firm?
Yes, there are many sites offering similar services like Lux Trading Firm. Those include the5ers, E8 Funding and many more. If you are to look for an alternative to Lux Trading Firm for your crypto trading needs, then you must make sure it is one with a better offering.

Are you Satisfied with what They Offer?