Quick Facts
FTMO is known for its rigorous evaluation process, while Lux Trading Firm has a more straightforward onboarding process.
FTMO offers a maximum funding of $200,000, whereas Lux Trading Firm offers up to $100,000.
Lux Trading Firm has a lower minimum trading period of 10 days, compared to FTMO’s 30 days.
FTMO has a profit split of 80/20, while Lux Trading Firm offers 70/30 or 80/20 depending on the account type.
Lux Trading Firm allows traders to use their own brokers, whereas FTMO requires the use of their proprietary platform.
FTMO has a more comprehensive educational resource library, including videos, webinars, and trading guides.
Lux Trading Firm offers a more flexible trading schedule, with no restrictions on trading hours or days.
FTMO has a more extensive community of funded traders, with regular meetups and online events.
Lux Trading Firm has a simpler and more streamlined withdrawal process, with payments made within 24 hours.
FTMO requires a one-time payment of $215-$575 for the initial evaluation, whereas Lux Trading Firm charges a one-time fee of $99-$199.
FTMO vs Lux Trading Firm Comparison
As a trader, I’ve had the opportunity to explore various trading firm options, and today, I’ll be sharing my personal experience with FTMO and Lux Trading Firm. Both firms have gained popularity among traders, and I’ll dive into the details to help you make an informed decision.
Evaluation Process
The evaluation process is a crucial aspect of any trading firm. Here’s how FTMO and Lux Trading Firm compare:
| Firm | FTMO | Lux Trading Firm |
| Evaluation Process | 2-phase evaluation process: 1) 30-day demo account, 2) 60-day verification account | 1-phase evaluation process: 1) 60-day demo account |
| Minimum P/L Requirement | $1,000 | $2,000 |
| Maximum Drawdown | 10% | 5% |
As you can see, FTMO has a 2-phase evaluation process, whereas Lux Trading Firm has a single phase. FTMO’s minimum P/L requirement is lower, but their maximum drawdown is higher.
Funding and Profit Sharing
Here’s how FTMO and Lux Trading Firm compare in terms of funding and profit sharing:
| Firm | FTMO | Lux Trading Firm |
| Initial Funding | $10,000 to $200,000 | $10,000 to $50,000 |
| Profit Sharing | 80% | 75% |
| Scaling | Available | Not available |
FTMO offers higher initial funding amounts, and a more generous profit sharing ratio. However, Lux Trading Firm has a more accessible funding range.
Trading Conditions
When it comes to trading conditions, both firms have their strengths and weaknesses:
| Firm | FTMO | Lux Trading Firm |
| Leverage | Up to 1:100 | Up to 1:50 |
| Commissions | Competitive | Low |
| Trading Instruments | Wide range | Limited |
FTMO offers higher leverage options and a wider range of trading instruments. Lux Trading Firm, on the other hand, has more competitive commissions.
Community and Support
Having a supportive community and reliable support can make all the difference:
| Firm | FTMO | Lux Trading Firm |
| Community | Active Discord community | Small but active community |
| Support | Fast and responsive support | Limited support options |
FTMO has a larger and more active community, as well as faster and more responsive support.
Frequently Asked Questions:
What is FTMO?
FTMO is a proprietary trading firm that provides trader funding opportunities, trading education, and support to help traders succeed in the markets.
What is Lux Trading Firm?
Lux Trading Firm is a proprietary trading firm that offers funded trading accounts, coaching, and resources to help traders achieve profitability and become successful traders.
Funding
How does FTMO funding work?
FTMO provides traders with a funded account after they pass a two-step evaluation process. The evaluation process consists of a Trading Challenge and a Verification step. Traders who pass both steps are funded with a minimum of $10,000 and can earn up to 90% profit share.
How does Lux Trading Firm funding work?
Lux Trading Firm offers a funded trader program where traders can apply for funding after meeting certain trading performance criteria. Traders who are approved for funding can receive up to $200,000 in trading capital and earn up to 80% profit share.
Evaluation Process
What is the FTMO evaluation process like?
The FTMO Trading Challenge is a simulated trading environment where traders must meet specific profit targets and trading objectives over a 30-day period. The Verification step requires traders to maintain their performance over 10 trading days while being monitored by FTMO trading specialists.
What is the Lux Trading Firm evaluation process like?
Lux Trading Firm has a multi-stage evaluation process that includes a Trading Challenge, a Phone Interview, and a Background Check. The Trading Challenge assesses a trader’s performance over 60 days, and the Phone Interview evaluates a trader’s market knowledge and risk management strategies.
Support and Resources
What kind of support and resources does FTMO offer?
FTMO provides traders with access to a trading community, webinars, online education, and support from experienced traders and trading specialists.
What kind of support and resources does Lux Trading Firm offer?
Lux Trading Firm offers traders access to a trading community, trading mentorship, weekly coaching calls, and a comprehensive training program covering trading strategies and risk management techniques.
Profit Share
How does FTMO profit sharing work?
FTMO offers up to 90% of profits to the trader, and the remaining 10% goes to FTMO.
How does Lux Trading Firm profit sharing work?
Lux Trading Firm offers up to 80% profit share for funded traders, with the remaining 20% going to the firm.
Summary
Both FTMO and Lux Trading Firm offer funded trader programs with attractive profit sharing opportunities. While both firms have similar offerings, the evaluation process, funding amounts, and resources differ. Traders should consider their individual needs, trading style, and goals when deciding between FTMO and Lux Trading Firm.
Key Takeaways:
- Understand the Business Models:
- Identify Trends and Patterns:
- Refine My Risk Management:
- Develop a Winning Mindset:
- Staying Up-to-Date with Market Insights:
Lux Trading Firm operate differently, with distinct fee structures and risk management systems. By studying their approaches, I’ve learned how to adapt to various market conditions and optimize my trading decisions.
Comparing the strategies and results of both firms has helped me identify common patterns and market movements. This insight has enabled me to anticipate market trends and make informed trading decisions.
The comparison has shown me the importance of effective risk management. By adopting the best practices from both firms, I’ve significantly reduced my exposure to losses and increased my profitability.
The competitive nature of trading requires a winning mindset. By observing the trading strategies and mentalities of exceptional traders at FTMO and Lux Trading Firm, I’ve cultivated a growth mindset that drives me to continuously improve and push beyond my limits.
Both FTMO and Lux Trading Firm provide regular market updates and analysis. I’ve learned to stay informed about market conditions, trends, and news to make data-driven decisions that drive my trading success.
