Introduction:
In this comparative review, we will analyze and compare two prominent prop trading firms, LuxTrading Funded Trading Program and FTMO Prop Trading Firm. As traders who have experienced both firms, we at WhichFunded aim to provide you with valuable insights and help you make an informed decision regarding your trading journey.
| Prop Firm Details | FTMO | Lux Trading Firm |
| Year Founded | 2014 | 2020 |
| Maximum Balance | $2,000,000 | $10,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | Two-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.5 / 5.0 |
| Trust Pilot Reviews | 4,408 | 406 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Wire Transfer Crypto Credit Card Wise |
| Two Step Rules | FTMO | Lux Trading Firm |
| Profit Target Step 1 | 10% | 6% |
| Profit Target Step 2 | 5% | 4% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 5% |
| Min Trading Days Step 1 | 10 | 29 |
| Min Trading Days Step 2 | 10 | 29 |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80%, up to 90% | 75% |
Evaluation Process:
Both LuxTrading and FTMO employ a rigorous evaluation process to assess traders’ skills and discipline. LuxTrading’s program follows a structured approach with defined stages, emphasizing consistent profitability and risk management. On the other hand, FTMO’s evaluation consists of the FTMO Challenge and Verification stages, designed to identify trading talents. Both firms set specific objectives for traders to meet.
Account Sizes and Growth Potential:
LuxTrading offers different account sizes, ranging from $25,000 to $200,000, with the opportunity to scale accounts up to $10,000,000 in multiple stages. FTMO provides traders with an FTMO Account with a balance of up to $400,000 upon successful completion of the evaluation course. Both firms offer growth potential and the chance to manage larger trading accounts.
Trading Platforms and Instruments:
LuxTrading utilizes the MetaTrader 4 (MT4) platform, known for its stability and functionality. On the other hand, FTMO offers popular trading platforms such as MT4, MT5, and cTrader. Traders at both firms have access to a wide range of trading instruments, including Forex, Indices, Crypto, Commodities, and more.
Profit Split and Payout System:
LuxTrading allows traders to keep 75% of their profits, providing an incentive for growth. FTMO offers a payout system with competitive profit splits, starting at 80:20 and potentially increasing to an impressive 90:10 if traders meet the conditions of the Scaling Plan. Traders at both firms can request payouts on demand.
Support and Additional Benefits:
Both LuxTrading and FTMO provide additional benefits to traders. LuxTrading offers flexibility and removes time constraints, allowing traders to progress at their own pace. FTMO provides custom trading apps, account analysis, unbiased feedback, and support from their customer support team. Both firms offer educational resources to assist traders in their development.
Transparency and Credibility:
LuxTrading and FTMO emphasize transparency by providing comprehensive information about their programs, including trading rules, account sizes, and profit targets. LuxTrading showcases videos and testimonials demonstrating real-money trading, while FTMO’s website highlights their evaluation process. Both firms establish credibility through their partnerships with reputable entities.
Conclusion:
As traders who have experienced both firms, we at WhichFunded recognize the strengths and benefits offered by the LuxTrading Funded Trading Program and FTMO Prop Trading Firm. LuxTrading provides a structured pathway with flexibility, real-money trading, and the opportunity to scale trading accounts. FTMO offers a comprehensive evaluation process, competitive profit splits, and additional support through its trading apps and educational resources. Ultimately, the choice between the two firms depends on individual preferences and trading goals.
