For traders considering their options in the prop trading world, comparing firms like Lux Trading Firm and FundedNext is crucial. This analysis focuses on their trading objectives during the evaluation stage, highlighting key differences and similarities.
Key Trading Objectives Compared
Here’s how Lux Trading Firm and FundedNext stack up against each other:
- Phase 1 Profit Target: Lux Trading Firm sets a 6% target, whereas FundedNext aims for a higher 10%.
- Phase 2 Profit Target: A 4% target is set by Lux Trading Firm, compared to FundedNext’s 5%.
- Maximum Daily Loss: Lux Trading Firm offers greater flexibility with no daily loss limit, in contrast to FundedNext’s 5% cap.
- Maximum Loss: Lux Trading Firm has a 5% limit, while FundedNext allows a higher threshold of 10%.
- Minimum Trading Days: Lux Trading Firm requires 29 calendar days (15 for swing traders) for evaluation, while FundedNext requires only 5 days.
- Maximum Trading Period: Unlimited trading periods are offered by Lux Trading Firm, while FundedNext limits Phase 1 to 30 days and Phase 2 to 60 days.
- Profit Split: The profit split stands at 75% with Lux Trading Firm and ranges from 80% to 90% with FundedNext.
Summary
Both Lux Trading Firm and FundedNext offer unique options for prop traders, with differences in profit targets, loss limits, and trading periods catering to various trading styles and preferences. This analysis helps traders make informed decisions that align with their strategies within the diverse world of forex funded programs.