The most common evaluation in the proprietary trading industry is the Two-step Evaluation. Well, today, we will be talking about one of the popular two-step evaluations by Lux Trading Firm. Let’s look at what Lux Trading Firm Two-Step evaluation is and what are its trading objectives and see if this is the one for you.
Lux Trading Firm’s Two-step Evaluation provides traders with the opportunity to manage account sizes ranging from $50,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Two-step Evaluation allows you to trade with up to 1:30 leverage.
Lux Trading Firm Two-Step Evaluation: Your Choice?
- Evaluation phase one requires a trader to reach a profit target of 6% while not surpassing their 6% maximum trailing loss rule. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you have to trade a minimum of 29 trading days (15 calendar days for swing traders) in order to proceed to phase two. After completing the first evaluation phase, you are also eligible for a 50% refund of your initial one-time fee.
- Evaluation phase two requires a trader to reach a profit target of 4% while not surpassing their 5% maximum trailing loss rule. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to funded status, you have to reach the 4% profit target without breaching the maximum trailing loss limit rule. After completing the second evaluation phase, you are also eligible for a second 50% refund of your initial one-time fee.
By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 6% maximum trailing loss rule. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted monthly. Your profit split will be 75% based on the profit you make on your funded account.
So, if this is the one for you, then use our Discount Code (forexpropreviews) for a 5% Discount or read the Review.
