1120
Reviews
Week of August 10-Learder Board results are as follows with Rank wise names and their Gain. Rank1: Shyan G: 12.88% Rank2: Hans N: 12.14% Rank3: Mirai N: 11.77% Rank4: Yousuf B:11.32% Rank5: Hamza S:10.74% Rank6: Jayaram Naick B: 10.53% Note: Prize distributions are Limited to Rank 5 only. Very Important Note: You mentioned Weekly prediction market contest with maximum goal to achieve profit is 10% on closed trades. Once anyone achieves 10% profit goal on realized profit, System by default disables account. Remember once i achived 10%profit on wednesday on realized trades. System did not allowed to trade further 5 trading days. Please note that all five ranking you have declared above are did not achived 10% target before me. I am the first person who finished 10% profit goal. After me only all above 5 perosons finished the 10% profit target. But you did not allowed me to trade together along with 5 persons for the remaining 5 days of left. But one side my account was disabled as i have achieved 10% profit goal early. Other side you are saying in full 6 days whoever wins higehst gains gets first prizes. To get highest win rate you must allow me to trade further also after 10% of profit goal achieved fastet by wednesday monrning. When i confirmed from Discord, the support team also saying that "you achived the 10% profit target" there by sysmtem does not allows to trade anymore further. Now tell me how can i compete to top? In your prediction market guidelines you have mentioned clearly that "How do we choose the winners? It's all based on the best trading results in those 6 days. If multiple traders hit the profit targets, the win goes to whoever did it the fastest. If the time is also a tie, we look at who used fewer predictions or had the higher win rate." In above statement you mentioned "If multiple traders hit the profit targets" what does this mean? this mean if multiple traders achieved 10% target right. In this scenario you said win goes to whoever did it the fastest. Still not understanding?? I ask you simple question: Assume you and me only are participated in prediction market weekly contest. No one is there entire 6 days of contest except you and me. I achieved 10% profit goal on very first trade on monday. Now the system is disabled my account as i have reached minimum 10% is to pass the challenge. so now my balance is exactly 11000[10000(equity)+1000(profit)]. Now come to your turn that you have not yet reached the profit target of 10%. System allowed you to trade all 6 days of contest and finally you achieved 10.01% profit target on end of contest period. So your balance is now 11001 [(10000(equity)+1001(profit)]. Now tell me who is winner out you and me? (remember entire week only two participant only available and that too you and me only). me took only one trade with hardly 15min spend and system did not allow me remaining trading days. my Balance was 11000$. You took entire 6days trading(till end of contest period) and your balance is now 11001$ (Just 1$ excess than me). Do you think you are the winner ? if you are the winner, then system must be allowed both of us equal time to decide who is winner. But here sysmtem did not allow me to trade further as i have finihsed on very first trade itself 10% profit on closed basis. Meanwhile system declared you are the winner meaning you are the 1st position and i am the 2nd position. This is what happened with this 2nd week of Aug10 contest. So this is the reason you have mentioned in your prediction market guidelines that " If multiple traders hit the profit targets, the win goes to whoever did it the fastest." Otherwise what is meaning of above statment? I did not giving negative remarks that i did not win the prize. I participated on 1st week of Aug prediction Market also, there also i did not win any prize but did not given any negative remarkes on that. Because i applied the staretegy and read the rules you mentioned and finished the 10% target early. I also confirmed that no one has reached 10% target before me. But you placed my one 6th rank simply by follwoing the highest gains but not giving me the full time trade with them. When you follow to declare the ranking based on highest gain means you must allow me trade all 6days of contest along with them even i achieved 10% profit on realized trades. But you did not thought of this simple logic. Saying me that i am not understanding your rules. Please think heartfully from your side.. My final Question: All five persons in leaderboard achieved maximum of 10% profit goal as you explained in tutorial. Now tell me how do you select top to bottom as per the your guidelines mentioned below ? " If multiple traders hit the profit targets, the win goes to whoever did it the fastest."
first time with Lux and prediction markets. so far so good
i got selected for 100k account after 3rd place at pridiction market yayyy...i am excited lol
Why is all 5Star reviews about winning giveaways and none about successfully getting payout? We all trade to get paid. My personal experience with Lux is really fraustrating as they close my trade before putting SL also trailing DD was a nightmare, i notice they remove trailing DD to be replaced with very low consistency score which makes getting paid virtually impossible or stressful.
Platform works well, easy to understand, anyone can use it and the customer support has their finger on the pulse. Good response time!
I had a great experience using Lux's new Prediction Market platform. It is very easy to use, simple to understand, and provides a smooth overall experience. I really like how easy it is to navigate the platform and place predictions. Overall, it is a great platform, and I would definitely recommend it to others.
Hi there, last week i was partipating at the Lux prediction market contest, what a great idea these guys had, a plattform where you can trade your intuitions or your hunchs about almost anything, trading, politics, sports, culture, etc., and the best part?, if tour trade is winning at the time and you want to quit it, you can just close the trade at anytime and keep the profits you got, it´s perfect; they have a very intuitive environment at the dashboard, very easy to use. Remember the contest? i won the 2nd prize, it was a 400K 1 step account, i just recieved it, i´m very very happy guys, i´ll make it worth it, i really want that 10M account. Thanks Lux Trading, you really Rock......
I have researched many prediction market models, must say Lux has the best in my cocky opinion. Smooth and has the functionality that is expected. They also had a prediction market contest of which I came in 3rd place. That reward was 100k challenge that I have been using all day. Congrats to the top 2 winners. Good luck as well.
All good with these guys but you must at least use mt5 for trading because we are familiar with it other than all trading platforms
One of the best prop firms I have used. They don't have daily drawdown limits which is very useful for my trading style. Account sizes and pricing are also very good. So far so good, no issues with them.
Great web site
I became a better trader with lux as its rules encoirage responsility and the seek for consistency
Wonderfull
I finally switched to Lux because they’re an A-Book prop firm. I was tired of other firms hoping I’d fail. Knowing I’m on a real money account makes a huge difference in how my trades are executed. No weird lag or slippage when things get volatile.
For a $1M challenge: Max loss per trade is .3% - $3k Max Profit per trade is .6% - $7.5k Profit Target is 15% Statistically: If you win every trade at a 1:2.5 risk reward, it would take you 20 trades in a row to earn the account If you win half your trades at a 1:2.5 risk reward, it would take you 76 trades in a row to earn the account Now I would say with this risk to reward ratio, you're probably winning less than 50%. Do the math.... Response to Lux's Reply: They boast about being an A-book company but the funded challenge that would take 2+ years to complete (sarcasm but maybe not) is on match trader and definitely not A-book. The slippage is horrible. Again, if a trader wants to sit in a challenge for a long time to "maybe" get an account when there are plenty of B-book prop firms out there that will fund and pay out quickly, good luck! Response 2: 1. Yes, initially I read the rules incorrectly and after I failed a challenge, I decided I wanted to give insight to what traders should expect with the prop firm. Since I read the rules incorrectly, I'll give you an extra star! 2. Never claimed funded accounts weren't A-book, the challenge phase has higher spread/slippage than I've experienced with other prop firms. 3. I don't mind strict profit/loss limitations as it protects the trader and future of the account. Most popular prop firms have these limitations, just not as strict as Lux. 4. As ratings are declining, it may be a good option as a company to discuss how you can present the rules more transparently and be less defensive on your trust pilot replies.
Found out their rules need to have the profit target reached using 20 or so different trades etc. Pretty much 5% consistency rule. which will take at least few weeks to pass assume you are profitable most of the time, which is unlikely for any traders. so its about few months to pass. Good luck passing their challenge, btw they didnt put these absurb rules in main page until you hit your profit and found out the hard way.
Their trading rules are traps, i have been with them for a while, but found out that they are interested in the traders failure rather than passing. Their rules are too many and tasking. Why would a prop firm limit a traders ability to profit. Before they have a minimum trading days of six weeks, they removed this and introduced other rules that will extend your trading days to six weeks. I don't think they are really honest about traders getting good payout, their high trading funding is a ruse, if you go through their rules, you will discover this. They are one of the rogues in prop firm industry.
The customer support team here is excellent. I’ll admit I didn't read the rules as closely as I should have at first, but the team was patient and helped me understand where I went wrong. The Risk Desk analysis is incredibly detailed and has actually helped me improve my risk management.
Switching to Lux was a great move. Unlike other firms with complex two-phase challenges, their 1-stage evaluation is very straightforward. It feels much more realistic and doesn't force you to rush your trades to meet a tight deadline. Highly recommended for serious traders.
I’ve been burned by two-phase challenges before because I felt forced to rush trades to meet a 30-day deadline. Switching to Lux was the best move I've made. The 1-stage evaluation is straightforward, and because there's no trading days limit, I actually took my time and waited for the right setups. It’s the first time I’ve passed a challenge without feeling like the clock was my biggest enemy.
The new Lux trading rules are very good, i have not yet passed my evaluation but im hopeful to pass . the reset fees are somehow affordable and i trust i will make it.. Customer Support is always on timely and i really appreciate . Looking forward to passing my account and proceed to the next step
I won a giveway. The support is very active. I receive new account on very short delay. I begin experience with them. Very good company.
As always, excellent and quick service.
Good morning, I've been trading with Lux Trading Firm for several months, however I haven't yet been approved for the next phase. Even so, I have to say the company is excellent, as it has taught me to trade consistently, observing the risk management of each operation. I opened a new account on December 3rd, and I'm doing really well, thanks to the rules the company sets, as this protects us; after all, a loss isn't a mistake. I always lost with proprietary companies full of rules, such as trailing stops, which makes us lose the account quickly, and that's exactly what these companies want: to sell more accounts. With Lux Trading Firm it's different; they want us to perform well, aiming for a long-term relationship. Thank you for the support I've received.
I just started trading with Lux Trading Firm and they are different from 99.8% of all prop firms out there today. I would say that they are a genuine trading firm that wants you to grow as a trader and be able to manage risk so that they can make money through you. So you trade with their capital and not some simulated demo account like most others. Prop firms that use simulated demo accounts make their money through the fees that you pay for the account and the profits that you make are taken from this pot. So they make money as long as you fail and therefore they have all sorts of rules that will make you fail. An example is "trailing drawdown". Recommend them!
I joined Lux Trading and passed the first stage of the evaluation, but I broke several rules and my account was fairly reset. Honestly, this made me realize how valuable their strict rules are—they push you to develop discipline and understand what trading truly is. The platform is straightforward, easy to use, and their support team has been great whenever I needed help. Lux Trading is not for people looking for shortcuts or quick profits—it is for traders who are serious about surviving and growing in the long run. In my opinion, this firm is one of the best choices if you want to challenge yourself and become a disciplined trader.
To me their "risk consistency" rule is not complient with proper trading. It is obvious that a corner stone of risk management is to adapt risk exposure according to market conditions. For example traders will adapt their position size to market volatility (it is insane to trade with the same amount of risk when the vix is at 40 or at 20...) or for a given strategy traders will start with low exposure (this is what two times US investing championship winner Mark Minervini calls "dipping your toes in the water") and increase if successful and decrease when less successful. Their "risk consistency" rule forces the trader to choose an amount of risk at the beginning and stick with it until the end of evaluation, no matter how the market conditions change or your strategy works. You can never adapt your risk to volatility or use progressive exposure. If you dip your toes in the water you'll never going to be able to enter if it's warm and if you dive at first in cold water you risk hydrocution... After spending 6 month getting the 3K required to pass the evaluation stage 1 on a 50K account (with 50K you only have 5K to trade in reality that's why it's long) I got noticed by mail, at my request in order to access the next step, that I broke their "risk consistency" rule and cannot access to the next stage. I realized then that I did not pay enough attention to this rule when I signed their form, probably because I didn't expect such a rule to exist. During the process everything seemed right without any notification that I broke this rule, letting me lose my time in that program. I traded in a swing trading style, with a risk of 200$ to 400$ per trade (0.4 to 0.8%) and used progressive exposure with a maximal total opened risk of 600$ (1.2%). Of course I signed the form after reading it twice, so I'm the one to blame for that. One star is for putting such a rule and for letting me loose my time without any alert for breaking of their "risk consistency" rule. I hope this can prevent traders like me to make the wrong choice of prop firm. PS after luxtradingfirm answer : Hello lux trading firm, You can share the details of my trades with pleasure. Make a video out of it too, it would be great, even if I doubt that you would be fair when I read your answer (I broke many rules etc). And by the way think to explain how a trader can deal with your locking rule under changing market conditions such a substantial increase of market volatility, as they could be forced to risk twice they wanted risk just to follow your risk % consistency rule. There something though that I understand in your answer, you have to preserve your real money. And you should not worry for the one star since it's only rating my experience with you, which is really far from good, as people can read my review and judge by themselves if what I am telling is non sense or not. 2nd PS : An increase of volatility occurs in parallel with and increase of fear and uncertainty, so not only do you have moves of bigger magnitude but also moves become more erratic. Having bigger SL and reduced lot sizes is not enough because volatile markets are not just a bigger form of calm markets. The proper way to adapt is to also reduce exposure i.e. lower risk per trade percentage, which cannot be done with your risk consistency rule. Preventing traders to risk 0.5% in volatile markets when they risk 1% in calm markets is not understandable. But again this is only my review and in the same way I would rate one star a 3* restaurant if they served me fish and chips, because I think most people would feel like me and be disappointed.
Guys please be aware for their 1 million dollar account, you can only risk 0.3% of the total 1M and not 6%. This means if your drawdown ever goes above 3k at any point, you've failed. How in the world can anyone ever get to 150k profit target with a max drawdown of 3k. They won't tell you this, they will remain quiet and wait until you reach the target, and then they will say you dint pass! I believe they intentional worded this rule in a very misleading way on their website to lure people in!
When I red other peoples review before Is tarted I thought its just angry people who failed but I just passed 1M funded with the perfect consistent and not leveraging and using the same risk and profit as much tarder can do , and they ill still make an excuse, Regarless of your results, don't waste your money, This feels like a trap from the start
They don't offer a demo account. How on earth could you test your strategy and ensure you're falling within all of the detailed rules if you can't even open a demo account to test out a few trades. Instead they gave me a link to open a demo account on matchtrader, where the symbols and spreads would be different. They expect you to do all of the legwork for them and you still can't even test their own account. On top of everything they have many little exceptions in place designed to disqualify you, so it's basically walking a tight rope at all times - one such example is you can't adjust your stop loss 30 seconds before or after a news event - which is absolutely insane because the spreads get really wide during news events and this is has the same effect as tightening your stop loss, but your not allowed do anything to prevent that or you get disqualified! When I asked their agent why they wouldn't offer a demo account he said it was too expensive. So they can offer $1 million dollar accounts for you to trade but they can't offer you a demo account... These guys and their business model is to profit from your failure, don't spend your money here.