Lux Trading Exposed Is This How They Really Work ?

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#LuxTradingExposed

[@osazemeusen1091]

Lux Trading said they’ll give you an audited track record if you stay with them for 1 year. Isn’t that a big win?

[@juanjoseluceropalma7334]

Eye opening information, thanks a lot.

[@jukeseyable]

thanks for the great exposee,I had been looking very carefully at doing a 200k challenge, but the risk consistency rules are at odds with one another, and the live chat wasnt able to clarify, i was still keen, to a degree, but on alert, your series and trust pilot reviews have saved me from this, got yourself a sub

[@neilhess2518]

But here is my question: If I am abiding by their guidelines, and trading effectively and I am getting payouts, why should I care?

[@PIPSANDGAINS]

Do you even understand how these guys work and their risk rules lol If you have a $50,000 account you have a 5% DD which is $2500 Their risk consistency rules mean you can only risk up 3% per trade on the allocated risk capital which is $2500. So all your trading is a $2500 account and paying what 300quid for this 🤣🤣🤣 He's the big part of their scheme you have make 10% of the $50,000 to even get funded 🤣🤣🤣 Again according to their risk rules you can't risk more than 3% on the risk allocated which is $2500 So you have to make 200% to even get funded 🤣🤣🤣🤣🤣 They even say this in their trust pilot replies. They act like they are a professional when infant these guys are one of the worst lol. 200% profit target how long will it take to make that with their risk preferences lol Your 100% better trading your own money than wasting it on these guys.

[@neilhess2518]

@@PIPSANDGAINS Can you point me to a broker that will give me 20:1 leverage? If so, please do.

[@PIPSANDGAINS]

Do you mean 200:1 leverage ? I get 500:1 with fusion markets and global Prime If your an Australian citizen you can't get this though.

[@neilhess2518]

@@PIPSANDGAINS I'm USA based.

[@PIPSANDGAINS]

I wouldn't know you would likely have to find an offshore broker to get this I am not sure of any. Also from what I learned from enquiring into the white label prop firm providers these companies won't be allowed to accept US clients very soon. Some already don't but very soon it will be all.

[@faaizahmedofficial1234]

Can you please suggest some Good A book Prop Firms?

[@PIPSANDGAINS]

Any firm that is offering the 10% and 5% max and daily drawdowns are b-books and no real money is ever traded. If you look at firms that have instant funding challenges that require no evaluation would be your best bet for A-book though there is a catch. The actual fee you pay for this account is the max drawdown on the account which is the size of the deposit they would have to provide to the liquidity provider for the A-book direct market access and they will also have lower leverage and more strick rules for this. Also the account your paying for you don't actually get the full amount until you reach a certain % profit. So if you pay for a 10k instant funding account the first account will be 5k but you do keep a % of profits. So you pay for the full drawdown on a 10k account they give you a 5k account and only deposit half the fee with the liquidity provider and keep the other 50% this is how they make money lol Your basically paying for your own account there's no difference from depositing into your own brokerage account apart from you keep all the profits. The5ers used to have a great instant funding program with 6% max drawdown and a good scaling plan I our company still trades one of the old style accounts. Though they have changed the rules on new accounts to include a daily drawdown of 3% and lowered scaling which makes it not worth while. You have City Traders Imperium these guys have their own challenges but they are the white label software guys to many of the prop firms out there alot of firms are really paying these guys lol. Again instant funding is your best bet for an A book experience but your basically paying for your own drawdown but they attached their rules to your money lol

[@gpgis]

Thanks for the upload mate. I will not buy from them.

[@cfdProptrader]

Real Funding ??? if you check their company details in Company house, they are not a big company at all. Only 2 directors. No profit recorded in their Financial Statements

[@PIPSANDGAINS]

Yeah these guys are one of the worst no real money and rules so you never pass 🤣🤣🤣

[@adrianmackrory1841]

I have a Lux $1m challenge and they have changed the rules brokers , platforms so many times it make my head spin 😂 Definitely wish i had put the money in my own account. Thanks for the video

[@PIPSANDGAINS]

Yes I experienced the constant change of brokers. It's not a 1million dollar account it's a 40k account and you have to trade it like a 40k account with lux. You can't risk more than 3% of the actual risk capital per trade. The risk capital is the 4% drawdown. You also have ro stay with that consistent risk this is one of the worst ones I've seen. Thank you for the comment

[@Filipciutesci]

Thank you for the video. It's really i teresting when you realize how it all works. Seems,that better option is just trade with own real capital and compound every month with ad much ad you can. It will take time, but if you can trade you can build good capital and trade that.

[@rohandani2679]

A WORTHY BREAKDOWN

[@Quants36]

Interesting watch, was waiting for this video from you. Was your account breached or have you ditched it?

[@PIPSANDGAINS]

I ditched all prop accounts end of last year its a waste of time if you understand how it all works every firm is rigged for maximum failure.... All your really doing is trading a highly leveraged small account on every firm look at a 100k account with 10% DD is really just a 10k account with 300:1 leverage (3m buying power) and if you understand that its a highly leverage small account then you realize to get to the actual funded stages you infact have to make a 150% gain LOL If you are able to consistently do that why wouldn't you just deposit into a broker that can give high leverage and trade your own money without all the rules these folks have in place ? The whole thing is trickery bamboozling retail traders with large numbers and designed for maximum failure this is why you are starting to see firms get shut down. I will be doing another video soon on this also

[@Ikram0829]

Thanks.

[@Quants36]

@@PIPSANDGAINS speaking the truth, it makes sense they would do exactly that. I’m keen to know though, would you not want to gather as much of this prop firm capital as possible, regardless of how they operate, to supplement your trading income? That possible conflict of interest is very problematic, like you’re saying, they’ll create hurdles for you long term. But what if you went for the most reputable firms and rules that are better for long term success. With a decent enough trading strategy, I’d assume you can achieve long term success with some of these firms. What do you think? Worth using them as trading income supplement? Interested to hear your take.

[@PIPSANDGAINS]

Every single firm iall you are doing is trading highly leveraged small DEMO trading accounts its not real money mate they are NOT REAL PROP FIRMS once regulators start looking at this they will get shut down why do you think the regulated brokers are starting to distant themselves from these businesses its Binary Options 2.0 its the exact same thing you are being hoodwinked by big numbers and large payouts. I mean your trading demo money and they don't even give you the full 100% of the money the targets. It is designed so that you have to take high risk to even make decent returns watch my latest video on FTMO and how I break down the numbers. The whole point of this is NOT to pay you money the whole point is for you to keep paying for evaluations as thats how they make money they dont make money from successful traders. And if you are able to consistently achieve these targets if you had any brains about you then you would be trading your own money and not have to worry about stupid rules or worrying if they will pay you out. Its in every firms terms that they can close your account at anytime they want lol This whole thing is for dumb retail traders and gamblers bamboozling them with big numbers and a rigged system there is a reason why 92% fail evaluations and 98% never make it to the 2nd payout because its rigged that way lol

[@MojoMachin3]

​@@PIPSANDGAINSI call bullshit on some of ehat you said. I agree the prop firm industry is geared towards newbie traders but if you are a great trader who practices great money management, knows discipline, patience, techincal analysis and fundamental analysis. Props are one of the best eays to get capital and you can also trade your personal account while trading prop firm account e.g. Tale large day trades on prop accounts and conservative swing trades on your personal account. The thing is most traders these things are attract have no risk management so they blow up.

[@bakribhai_]

Bro, I talked with lux and they made it clear. The risk per trade which is 0.25% of the capital is not a margin you can use to open a trade. They said, they have no limits on lots or how much margin we can use on a single trade, we can trade it like a 200k account but we should not loose more than 500 dollars. The risk refers to the amount you can loose on a single trade. I also previously assumed that they limit you on using the lot size or margin but that is not the case. If you put genuine 500 dollars top loss and target for big moves like I target. I'm a swing trader and I can make 2 thousand in a single trade by risking 500. Maybe it is not suitable for scalpers or intraday traders. Yeah they will protect their margin, which they had deposited in the LP. but they don't limit us on position sizing, lot size or using margin and leverage. If you do the math, there is nothing wrong!

[@PIPSANDGAINS]

I think you should go and read their trustpilot reviews and the answers they provide. I think you don't understand the math's mate. You have to make 180% to even get to the funded stage lol And another 180% each time you want to get to another funded stage lol. If you can consistently do this they why would you use these guys who aren't even giving you a 200k account and who are not even giving you all the gains lol. 0.25% per trade is fine as that is only 2.5% risk of the allocated risk. You still have to trade it like a 20k account this is a fact they tell you this in the trust pilot answers they give. They buy fake reviews on trustpilot there is absolutely zero evidence that anyone has been paid out and the 2 videos they put up a year apart of so called funded traders are suspect. It's laughable people can't understand that this is a scam

[@bakribhai_]

@@PIPSANDGAINS Brother the margin they deposited on a LP acts differently. It's not like the same leverage we use on A broker. The LP provide us funds on the behalf of the prop firm margin. It's not like the margin you use on a broker account. You can trade it like a 200k account and you can use 1:30 leverage on that 200k account. So, it is not a leverage account. I also eisk 0.25 percent on every trade nad there is nothing wrong in it. You can use bigger lot size but you should limit your loss to 0.25% There is nothing wrong with lux. Yeah I still suspect their reviews and I'm also not sure if they payout to the traders. You are not making 180% gain brother. I told you it's real funds provided by the LP and you can use margin on it. They didn't applied the leverage to their margin....

[@bakribhai_]

@@PIPSANDGAINS Your statement about 180% profit is true when They use a 12k account and provide high leverage on it. You have to understand that the LP gives us capital to trade it lile a 200k account on a leverage, but if we make a loss to their 200k, that is the loss of prop firm not the LP You are not making 180% bro. That statement is only true when they give you 12k account and provide you leverage on it of 1:100. The LP gives us money and allow us to trade is like a 200k account and if we make a 6% loss, that is the loss of the margin deposited by the prop firm

[@bakribhai_]

@@PIPSANDGAINS Just tell me one thing. Do they limit you on how much margin you can use or how much lot size you can use? No That means you are trading a 200k account. If they limit you on lot size or on the position sizing then it make sense that they are scam or you have to make a 180% return

[@PIPSANDGAINS]

How do you work that out lol Off course they limit your lot size and margin as that will be on the % per trade. You cannot trade that account like a 200k account if you trade 1% per trade that is $2000 on each trade. They even say this is too much risk on the allocated 12k risk so there you go your are limited to what size you can trade lol It's a 12k account you have to trade it like a 12k account you said 0.25% per trade is a 2.5% risk on allocated risk man. You are trading a 12k account NOT a 200k account that is 100% a fact. They limit your position sizing and have consistency rules go read their reviews on trustpilot and their own replies lol It's a con job you have to make a 180% gain and are limited to your position % size. Not sure how your getting to the conclusion your not limited. My question is if you can consistently make gains of 180% risking 2.5% on a 12k account why on earth would you use these guys? You don't even get all the profits it is designed so you fail lol

[@liacristal3583]

Is this company trustworthy???? Tell the truth please

[@s.w.u.1972]

very informative video. thanks

[@PIPSANDGAINS]

Glad it was helpful!

[@lileotaku4394]

Fake video , i dont know but the last article in section 14 is 14.3.6

[@PIPSANDGAINS]

Fake in what way?? Looks like another suffer of Stockholm syndrome or more lux staff 🤔

[@camelio10]

You have not been able to keep any of the props you had, you quit and now you expect this to be an honest review?... Be successful so that you have some credibility. Now you just seem disgruntled. Anyone with common sense knows they don't put 1mm down on live accounts. Why would they?, your risk is 4%, so that's all that's required as deposit I world imagine. You don't buy 5mil dollar house and pay all in cash, you pay a deposit. Also, No I don't work for them, I'm not swiss and live in London

[@PIPSANDGAINS]

Best one yet 🤣🤣🤣 Credibility I trade REAL money all my LIVE accounts are out there for the world to see !! Obviously you work for them funny how as my videos start to gain traction all the haters come out because I'm simply pointing out the obvious. It's a scam and anyone with have a brain can do a Google search white label prop firm and find out how easy it is to set one of these ponzis up. The people that actually provide the backend software data feeds etc will actually openly tell you how the scam works lol. Again I trade real money and unlike all these other youtubers have years off real data to prove it lol

[@Unfiltered1000]

This guy clearly is not a real trader he claims to be. Traders who are not disciplined and cannot pass simple rules of props always come to whine about prop firms. We all know there are pyramid scheme props which are emerging and they can clearly be spoted but he choose to condemn all prop firms which looks dumb of him. Propfirm s are the best thing to happen to traders because the real prop firms teaches discipline and patience before getting rewarded. Those who are gamblers are the once who fail and come to complain.

[@PIPSANDGAINS]

Your quite the idiot 🤣🤣🤣

[@tonem220]

This guy is a liar, one of those wannabe trader that does not understand the rules.

[@PIPSANDGAINS]

🤣🤣🤣🤣 are you working for lux ? Wannabe trader who trades real money and has his live accounts up for show for the world to see. I fully understand the rules and that's why I know it's 100% a scam. Either your working for Lux or you are suffering from Stockholm syndrome.

[@tonem220]

@@PIPSANDGAINS I am full time trader. I do not work for Lux, just so you know. You are just a classic example of those that want to trade unhinged, no risk, no regard for risk, do not understand risk. You are simply a Liar, spreading fake news, and narratives.

[@PIPSANDGAINS]

What is the fake narrative about this video can you please point it out ?? 1) The video is pointing out to the clear facts that anyone can research that this firm is NOT backed by millions of dollars in funding. All they do is put down a small margin deposit with the liquidity provider which is the drawdown limit, you do NOT get hundreds of thousands to trade. If your a full time trader you would clearly understand this. 2) They say they are an A-book firm but in their own terms they clearly state that they can be counter party to your trades. Do you understand what that means ? It means they also run on a b-book again what is false about that ? I seriously doubt your a full time trader if you can't understand this. 3) Last but not least the biggest red flag and you state I don't understand risk I'm a real trader and I work in % terms. If you have a 200k account you have 6% max risk which is $12,000. Per there risk rules and you can read their replies on trust pilot they want you to basically trade this like a 12k account lol. Risking up 5% per trade on the allocated risk and they seem to be subjective on this. Here's the con to actually get to a funded stage you have to make a total of $20,000. Using the $12,000 allocated risk you have to make an 180% gain to even get funded. And each time you want to go to the next level you have to make another 180%. Anyone that can comprehend basic math's and numbers knows that this is virtually impossible to achieve on a consistent basis. And if you could consistently make 180% gains time after time then why wouldn't you trade your own money and keep all the gains. This is 100% a scam and it's all explained in the numbers. If you could kindly tell what I have mentioned above is false or misleading?