Verified: The Domain Name Of Lux Trading Firm Was Registered In 2020, And The Company Does Not Currently Have Any Effective Regulation.
Lux Trading Firm Details:
Lux Trading Firm Is A Brokerage Company That Offers Traders A Wide Range Of Market Tools And Multiple Advanced Trading Platforms. They Offer Traders Flexible Leverage Options, An Account Evaluation Plan With Refunds, And A Sizable Profit Share.
There Are Three Options: $50,000, $200,000, $1,000,000. The Maximum Leverage Allowed For Forex Trading On The Lux Trading Platform Is 1:30.
The Firm Processes Withdrawal Requests In A Timely Manner And Offers A Wide Range Of Customer Support Options, Educational Resources, And Mentoring Programs. However, It Is Worth Noting That Lux Trading Firm Operates Without A License, Raising Concerns About Its Legality And The Level Of Protection Provided To Traders.
Traders Should Carefully Consider The Risks Associated With An Unregulated Firm And Conduct Thorough Research Before Making A Decision.
Lux Trading Firm Is An Unlicensed Brokerage Firm, Which Raises Concerns About Its Legality. Regulation Plays A Crucial Role In The Financial Industry, Ensuring That Brokers Adhere To Specific Standards And Guidelines That Provide Protection And Safety For Traders. Regulated Brokers Are Supervised And Must Adhere To Strict Rules Regarding Client Funds, Transparency And Arm's Length Transaction Practices.
Choosing A Regulated Broker Offers A Number Of Advantages To Traders. It Instills A Higher Level Of Confidence And Trust As Regulated Brokers Are Held Accountable For Their Actions And Subject To Regular Audits. In Addition, Regulated Brokers Typically Offer Investor Compensation Programs And Dispute Resolution Mechanisms That Provide Additional Protection In The Event Of Any Issues Or Misconduct.
To Protect Your Interests And Funds, It Is Highly Recommended To Trade With A Regulated Broker With A Valid License And Proven Track Record. Before Choosing A Broker, Be Sure To Verify Its Regulatory Status, Conduct Thorough Research, And Seek Feedback From Reliable Sources. By Choosing A Regulated Broker, You Can Have More Peace Of Mind And Reduce The Risks Associated With Trading.
Market Tools
Lux Trading Firm Offers Traders A Wide Range Of Market Tools To Trade On Its Platform. Traders Can Choose From A Variety Of Asset Classes, Including Forex, Indices, Commodities Such As Metals And Energy, Equity CFDs, And Cryptocurrencies. Each Asset Class Has Its Own Leverage And Risk Parameters.
Account Types
The Account Types Provided In This Scenario Are Part Of The Evaluation Program, Whose Goal Is To Increase The Initial Investment To A Considerable Amount Through Several Stages. There Are Three Options To Choose From: $50,000, $200,000, $1,000,000. Each Account Size Corresponds To The Different Number Of Stages Required To Reach The Final Goal Of $10,000,000.
After The Evaluation Begins, Traders Make One-off Payments Of Different Amounts, Ranging From £199 For A $50,000 Account To £999 For A $1,000,000 Account. Upon Completion Of Each Stage, A 50% Refund Is Available, Split Into Two Payments After The First And Second Stages. This Offers Traders The Opportunity To Recoup Part Of Their Initial Investment Early In The Evaluation Process.
While This Offer May Sound Tempting, It Is Important For Individuals To Carefully Consider Their Risk Tolerance, Trading Experience And Financial Situation Before Deciding On An Account Size.
Account Opening Steps
1. Select Account Type: Choose The Account Type That Suits Your Needs And Investment Objectives From The Options Provided By The Website.
2. Fill Out The Regedit: Fill In The Required Information Exactly In The Regedit Provided. This Will Usually Include Personal Details, Contact Information And Possibly Some Financial Information.
3. Review And Accept The Terms And Conditions: Read The Terms And Conditions, Privacy Policy And Any Other Legal Agreements Lux Trading Firm Carefully. Please Make Sure You Understand And Agree To These Terms Before Proceeding.
4. Submit An Application: After Filling Out The Regedit And Agreeing To The Terms And Conditions, Submit An Account Application Through The Website. You May Receive A Confirmation Message Or Further Instructions On The Next Steps To Complete The Account Opening Process.
Leverage
Lux Trading Firm Offers Different Maximum Leverage Ratios Depending On The Type Of Account And The Trading Platform Used. Maximum Leverage Is Set At 1:10 For Forex Trading And 1:5 For Indices And Commodities For Assessment Accounts, Premium Accounts And Professional Accounts (available On Mt4 And Mt5 Platforms) With Deposit Sizes Of 500,000 To 1 Million. However, Maximum Leverage Is More Flexible For Lux Traders Using Lux Trading Firm's Proprietary Platform. The Lux Trader Platform Allows Forex Trading With A Maximum Leverage Of 1:30, Giving Traders The Opportunity To Trade Up To 30 Times Their Account Balance. Maximum Leverage Is 1:10 For Indices, Energy And Metals, And 1:5 For CFDs On Stocks And Cryptocurrencies. It Is Important For Traders To Understand The Latent Risks Associated With Leverage And Use Leverage Responsibly According To Their Risk Tolerance And Trading Strategy.
Spreads & Commissions
$50,000 Account: Evaluation Stage Target Is $3,000 (6%), Advanced Stage Target Is $2,000 (4%), 50% Fee Back.
$200,000 Account: Evaluation Stage Target Is $12,000 (6%), Advanced Stage Target Is $8,000 (4%), 50% Fee Back.
$100,000 Account: Evaluation Stage Target Is $150,000 (15%), Professional Stage Target Is $100,000 (10%).
Once A Trader Has Successfully Completed The Evaluation Stage, They Will Receive A Refund Of 50% Of What They Have Paid And Another 50% After Passing The Advanced Stage. However, The First Stage Evaluation Account Does Not Participate In This Refund Trading.
Once A Trader Has Reached The Professional Account Stage And Above, The Profit Target Will Be Set At 10% To Move On To The Next Stage. There Is No Specific Time Limit For Achieving These Profit Targets.
With Regard To Profit Sharing, Lux Trading Firm Distributes The Profits Between The Trader And The Company. The Ratio Is Set At 75% For The Trader And 25% For The Company.
During The Professional Account Stage And Above, Traders Can Request Withdrawals Once A Month. Withdrawal Transactions Are Usually Processed Within 3-5 Business Days.
Trading Platform
The Trading Platform Offered By Lux Trading Firm Offers Different Features And Functions To Meet The Different Needs Of Traders. Here Are The Instructions For Each Platform:
Global Prime (MT4): Global Prime Is A Widely Used Trading Platform That Is Widely Popular Among Traders And Brokers Worldwide. It Is Known For Its Stability And Functionality. By Choosing Global Prime, Traders Can Rest Easy Knowing That They Are Using A Time-tested Platform.
Niuniu Securities (MT5): OX Securities Offers A Powerful And Versatile Trading Platform That Is Widely Used In The Financial Industry. It Offers Advanced Features Such As Advanced Technical Analysis Tools And Automated Trading Capabilities. With OX Securities, Traders Can Experience A Comprehensive And Efficient Trading Environment.
Trader: CTrader Is A Powerful Trading Platform Known For Its Advanced Charting Tools, Fast Order Execution And User-friendly Interface. It Offers Innovative Features And Customizable Layouts That Enable Traders To Have A Seamless Trading Experience On Individual Financial Marekts.
Lux Trader: Lux Trader Is Lux Trading Firm's Own Platform, Built Around The Premium TradingView Charts And Trading Platform. With A Direct Connection To Liquidity Providers, It Offers Traders The Best Trading Conditions While Incorporating Advanced Trading View Features.
Trading View: TradingView Is A Popular Platform For Traders Of All Levels. It Offers Endless Trading And Charting Opportunities With Its Intuitive Interface, Advanced Charting Features And Real-time Market Data. TradingView Is Widely Regarded As The Leading Platform In The Charting Space.
Deposits And Withdrawals
Withdrawal Methods Are Provided By Lux Trading Firm To Provide Traders With Flexibility And Convenience. From The Third Stage, Traders On Professional 50,000, 200,000, 1 Million Accounts Are Eligible For A 75% Profit Share As Long As They Achieve A Net Profit In The Month Relative To The High Water Mark. Profits Earned From These Accounts Will Be Paid Out Within One Week Of The Profit Calculation, Which Takes Place On The First Weekend After The End Of The Month.
Traders Have The Option To Receive Funds Via Direct Bank Transfer, Which Includes Transfers To UK, European Union And International Bank Accounts. In Addition, Traders Have The Option To Receive Payments Via Smart-wallet, A Digital Wallet Service Known For Its Efficiency And Convenience. For Those Interested In Cryptocurrencies, Lux Trading Firm Also Supports Cryptocurrency Withdrawals.
Customer Support
Lux Trading Firm Prioritizes Effective And Convenient Customer Support To Meet The Needs Of Traders.
Traders Can Contact Lux Trading Firm Via Their Body, At 128 City Road, London EC1V 2NX, United Kingdom, Offering The Option Of In-person Visits Or Traditional Mail Correspondence.
In Addition, Traders Can Contact Their Customer Support Team By Phone, Please Call + 44 (0) 20 7167 8107, + 971 4 4070582 For Direct And Immediate Assistance Regarding Their Inquiries Or Concerns.
For Written Communication, Lux Trading Firm Can Be Reached By, Email, Email: Info@luxtradingfirm.com.
In Addition To These Traditional Means Of Communication, Lux Trading Firm Covers Various Social Media Platforms Such As Facebook, Instagram, YouTube, Twitter, Enabling Traders To Interact With Them Online. These Platforms Provide Traders With Access To Up-to-date Information, Educational Content, And Access To The Market. In Addition, An Online Live Chat Is Available On Their Website.
