Lux Trading Firm is set to revolutionize the trading landscape with groundbreaking updates and rule revisions. These eagerly awaited changes will be implemented with the launch of their new platform, promising traders a plethora of benefits and enhanced trading opportunities.
Expanding Opportunities with MT5
Highlighting the updates, the firm announced the extension of the one million dollar evaluation to the MT5 platform, previously exclusive to The Lux Trader platform. This significant move opens up new possibilities for traders on the MT5 platform, while MT4 users can transition smoothly to MT5 at their convenience. Additionally, the Trading View-based Lux Trader platform is expected to be available within the next two to three weeks.
Enhancements in Drawdown and Stop Loss Rules
Among the most notable changes are the adjustments to the drawdown limits, which have been expanded from 4% and 5% to a more accommodating 6% across all account stages. This amendment grants traders increased flexibility in managing risks. Moreover, the minimum stop-loss requirement has been reduced from 10 Pips to 5 Pips, favoring scalpers with tighter risk management, except during volatile news events where it remains at 10 Pips for enhanced protection.
Simplified Asset Classes and Improved Conditions
Lux Trading Firm has also refined its asset classes for a more streamlined trading experience. By combining Forex, indices, and metals into a unified CFD account, traders gain access to a wide array of instruments under one account. Separate stock and crypto accounts will offer an expansive selection of 12,000 U.S. stocks and ETFs, along with up to 1,000 cryptocurrencies, all with lower commissions, higher leverage, and better trading conditions.
About Lux Trading Firm
As a leading proprietary trading firm, Lux Trading Firm operates offices in London and Bratislava, Slovakia. Partnering with the well-recognized Australian broker, After Prime, they offer traders the opportunity to manage account balances of up to $10,000,000. With these latest updates, Lux Trading Firm reaffirms its commitment to providing traders with the tools and flexibility needed to succeed in the dynamic world of trading.
