Introduction:
In this comprehensive comparison, we will delve into the features, benefits, and overall performance of two renowned funded trading programs: LuxTrading and FundedNext. As traders who have experienced both programs, we at WhichFunded aim to provide an unbiased analysis to help aspiring traders make informed decisions.
| Prop Firm Details | Funded Next | Lux Trading Firm |
| Year Founded | 2022 | 2020 |
| Maximum Balance | $4,000,000 | $10,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
Two-Step Evaluation |
| Trading Platforms | MT4 | MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.5 / 5.0 |
| Trust Pilot Reviews | 3,923 | 406 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Crypto Credit Card Wise |
| Two Step Rules | FundedNext | Lux Trading Firm |
| Profit Target Step 1 | 10% | 6% |
| Profit Target Step 2 | 5% | 4% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | 10% | 5% |
| Min Trading Days Step 1 | 5 | 29 |
| Min Trading Days Step 2 | 5 | 29 |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80%, up to 90% | 75% |
Program Structure and Trading Rules:
Both LuxTrading and FundedNext offer structured programs with clearly defined stages. LuxTrading follows a progressive approach, with traders advancing through multiple stages based on consistent profitability and risk management. FundedNext offers different funding models, allowing traders to choose the one that aligns with their trading style and goals.
Account Sizes and Growth Potential:
LuxTrading provides a range of account sizes, offering traders the opportunity to scale their accounts up to an impressive amount. On the other hand, FundedNext offers diverse funding models with varying profit-sharing percentages. Traders can select the model that suits their preferences and potentially earn substantial profits.
Real Money Trading:
LuxTrading exclusively trades with real capital, providing traders with an authentic trading experience. Similarly, FundedNext offers traders the opportunity to trade with funded accounts, allowing them to experience the challenges and rewards of trading with actual funds.
Platform and Liquidity:
LuxTrading utilizes the widely recognized MetaTrader 4 (MT4) platform, known for its stability and functionality. FundedNext also provides a reliable trading platform, ensuring optimal execution. Both programs partner with reputable liquidity providers, enhancing trade execution and market access.
Flexibility and Time Limits:
LuxTrading distinguishes itself by offering traders the flexibility to progress through the stages at their own pace, promoting responsible trading decisions. FundedNext also emphasizes flexibility, allowing traders to trade without time limits. This approach fosters a supportive environment conducive to long-term success.
Transparency and Credibility:
Both LuxTrading and FundedNext prioritize transparency by providing extensive information about their programs, including trading rules, account sizes, and profit-sharing structures. They showcase real-money trading experiences through videos and testimonials, bolstering their credibility in the industry.
Profit Sharing and Reliable Conditions:
LuxTrading offers traders the opportunity to keep a significant portion of their profits, providing an additional incentive for performance. FundedNext stands out by offering attractive profit-sharing options, including a percentage of the profits earned during the challenge phases. Both firms prioritize reliable trading conditions, ensuring a fair and trustworthy trading environment.
Conclusion:
As traders who have experienced both LuxTrading and FundedNext, we can confidently state that both programs offer aspiring traders valuable opportunities to develop their skills and access funded trading accounts. LuxTrading’s structured approach and commitment to responsible trading, along with FundedNext’s diverse funding models and attractive profit-sharing options, make them reputable choices for traders seeking supportive environments to grow and succeed.
At WhichFunded, we believe that the choice between LuxTrading and FundedNext ultimately depends on individual preferences, trading styles, and goals. We encourage traders to carefully consider the features and benefits of each program before making a decision that aligns with their aspirations.
