For traders seeking to navigate the prop firm landscape, understanding the differences between firms like Lux Trading Firm and E8 Funding is key. This detailed comparison examines their trading objectives, including a focus on Lux Trading Firm’s unique one-step evaluation program.
Detailed Trading Objectives Comparison
Let’s delve into how Lux Trading Firm and E8 Funding measure up:
- Phase 1 Profit Target: Lux Trading Firm sets a 6% target, compared to E8 Funding’s 8%.
- Phase 2 Profit Target: Both firms aim for a 5% target in Phase 2.
- Maximum Daily Loss: Unlike E8 Funding’s 5% limit, Lux Trading Firm does not restrict daily losses.
- Maximum Loss: Lux Trading Firm caps maximum loss at 4%, while E8 Funding’s limit starts at 8% and can scale to 14%.
- Minimum Trading Days: Lux Trading Firm requires 29 days (15 for swing traders) for evaluation, without a minimum set by E8 Funding.
- Maximum Trading Period: Both firms offer unlimited trading periods in both phases.
- Profit Split: A 75% split is offered by Lux Trading Firm, whereas E8 Funding provides 80%.
Lux Trading Firm’s Unique One-Step Evaluation Program
Lux Trading Firm distinguishes itself with its one-step evaluation program:
- Single-Phase Evaluation: Traders must achieve a 15% profit target with a maximum loss rule of 5%.
- Minimum Trading Period: The requirement is set at 29 calendar days (15 for swing traders), inclusive of a scaling plan.
- No Maximum Trading Period Limit: This program offers high profit targets without imposing a maximum trading period.
Conclusion
Lux Trading Firm differentiates itself by offering two funding programs and real live funded accounts, without maximum period limitations for completing both Evaluation and Advanced stages. This flexibility and variety cater to a broad range of trading strategies and preferences, providing traders with distinct options in the world of forex funded programs.
