This company is froud and scammer don't buy any challenge I m 2nd winner in compitition but he can't give my prize account and tell new rules please be careful totally scam
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This company is froud and scammer don't buy any challenge I m 2nd winner in compitition but he can't give my prize account and tell new rules please be careful totally scam
Company replied
Am giving this lux trading account 5 Stars for there good dedication to promote their user.thank you very much am so happy to have you .
Company replied
I have researched many prediction market models, must say Lux has the best in my cocky opinion. Smooth and has the functionality that is expected. They also had a prediction market contest of which I... See more
Company replied
Switching to Lux was a great move. Unlike other firms with complex two-phase challenges, their 1-stage evaluation is very straightforward. It feels much more realistic and doesn't force you to rush yo... See more
Company replied
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Reply from Lux Trading Firm
This company is froud and scammer don't buy any challenge I m 2nd winner in compitition but he can't give my prize account and tell new rules please be careful totally scam
Reply from Lux Trading Firm
Overall good platform. The support team is very responsive and helpful. Im very excited as i won in their weekly contest challenge...cant wait to start this new journey with Lux.
Reply from Lux Trading Firm
Am giving this lux trading account 5 Stars for there good dedication to promote their user.thank you very much am so happy to have you .
Reply from Lux Trading Firm
Week of August 10-Learder Board results are as follows with Rank wise names and their Gain.
Rank1: Shyan G: 12.88%
Rank2: Hans N: 12.14%
Rank3: Mirai N: 11.77%
Rank4: Yousuf B:11.32%
Rank5: Hamza S:10.74%
Rank6: Jayaram Naick B: 10.53%
Note: Prize distributions are Limited to Rank 5 only.
Very Important Note: You mentioned Weekly prediction market contest with maximum goal to achieve profit is 10% on closed trades. Once anyone achieves 10% profit goal on realized profit, System by default disables account.
Remember once i achived 10%profit on wednesday on realized trades. System did not allowed to trade further 5 trading days.
Please note that all five ranking you have declared above are did not achived 10% target before me. I am the first person who finished 10% profit goal.
After me only all above 5 perosons finished the 10% profit target.
But you did not allowed me to trade together along with 5 persons for the remaining 5 days of left.
But one side my account was disabled as i have achieved 10% profit goal early.
Other side you are saying in full 6 days whoever wins higehst gains gets first prizes.
To get highest win rate you must allow me to trade further also after 10% of profit goal achieved fastet by wednesday monrning.
When i confirmed from Discord, the support team also saying that "you achived the 10% profit target" there by sysmtem does not allows to trade anymore further.
Now tell me how can i compete to top?
In your prediction market guidelines you have mentioned clearly that
"How do we choose the winners? It's all based on the best trading results in those 6 days. If multiple traders hit the profit targets, the win goes to whoever did it the fastest. If the time is also a tie, we look at who used fewer predictions or had the higher win rate."
In above statement you mentioned "If multiple traders hit the profit targets" what does this mean?
this mean if multiple traders achieved 10% target right.
In this scenario you said win goes to whoever did it the fastest.
Still not understanding??
I ask you simple question: Assume you and me only are participated in prediction market weekly contest. No one is there entire 6 days of contest except you and me.
I achieved 10% profit goal on very first trade on monday. Now the system is disabled my account as i have reached minimum 10% is to pass the challenge. so now my balance is exactly 11000[10000(equity)+1000(profit)].
Now come to your turn that you have not yet reached the profit target of 10%. System allowed you to trade all 6 days of contest and finally you achieved 10.01% profit target on end of contest period. So your balance is now 11001 [(10000(equity)+1001(profit)].
Now tell me who is winner out you and me? (remember entire week only two participant only available and that too you and me only).
me took only one trade with hardly 15min spend and system did not allow me remaining trading days. my Balance was 11000$.
You took entire 6days trading(till end of contest period) and your balance is now 11001$ (Just 1$ excess than me).
Do you think you are the winner ?
if you are the winner, then system must be allowed both of us equal time to decide who is winner.
But here sysmtem did not allow me to trade further as i have finihsed on very first trade itself 10% profit on closed basis. Meanwhile system declared you are the winner meaning you are the 1st position and i am the 2nd position.
This is what happened with this 2nd week of Aug10 contest.
So this is the reason you have mentioned in your prediction market guidelines that
" If multiple traders hit the profit targets, the win goes to whoever did it the fastest."
Otherwise what is meaning of above statment?
I did not giving negative remarks that i did not win the prize. I participated on 1st week of Aug prediction Market also, there also i did not win any prize but did not given any negative remarkes on that.
Because i applied the staretegy and read the rules you mentioned and finished the 10% target early. I also confirmed that no one has reached 10% target before me. But you placed my one 6th rank simply by follwoing the highest gains but not giving me the full time trade with them.
When you follow to declare the ranking based on highest gain means you must allow me trade all 6days of contest along with them even i achieved 10% profit on realized trades. But you did not thought of this simple logic. Saying me that i am not understanding your rules. Please think heartfully from your side..
My final Question:
All five persons in leaderboard achieved maximum of 10% profit goal as you explained in tutorial. Now tell me how do you select top to bottom as per the your guidelines mentioned below ?
" If multiple traders hit the profit targets, the win goes to whoever did it the fastest."
Reply from Lux Trading Firm
Rules are made to fail you. I had chat with customer services found no logical answer. Example 400k account. 24k drawdown allowed. if I fix 5% that is 1200 risk. I could do 2 RR to max profit. But, when I am in profit of 24K, my RRC becomes 48k, 2400 risk, now r is only 1, system is forcing me to risk higher. similarly when i am in 36k profit my rrc become 70k and 5% becomes 3500 in this situation system is forcing me to trade with less then 1 rr that is absolute non-sense to trade. what do you say about this?
your company has two traps, one fixing risk and profit. if you fix profit that is consistency that make sense, however, not allowing trader to lower risk is not practical rule. it clearly indicate your firm do not want anyone make money.
at the end of 400k challenge, when you have 40k profit, now according to your rules trader risk 4000 to profit 2400, isn't it funny?
passing your challenge with this rule of fixing risk is impossible. as after 24k profit you need to make 24k more with less then one rr. not make no sense. are you getting my point. I am not criticising i trying to be rational
Edit reply: thank you for the reply, yes suggested option to reduce the risk after entering trade make sense, however if you are working to way out to this problem, I believe fix risk threshold that is 5%, and allowing trader to risk in that range will help traders to manage risk, protect funds and grow. It will also eliminate excessive risk calculations for trades. With only this small change how would it affect the consistency. Look forward to your response. Thank you. No hard feelings only genuine interest in your firm. Best wishes to resolve these policy glitches
Reply from Lux Trading Firm
first time with Lux and prediction markets. so far so good
Reply from Lux Trading Firm
i got selected for 100k account after 3rd place at pridiction market yayyy...i am excited lol
Reply from Lux Trading Firm
Why is all 5Star reviews about winning giveaways and none about successfully getting payout? We all trade to get paid. My personal experience with Lux is really fraustrating as they close my trade before putting SL also trailing DD was a nightmare, i notice they remove trailing DD to be replaced with very low consistency score which makes getting paid virtually impossible or stressful.
Reply from Lux Trading Firm
Platform works well, easy to understand, anyone can use it and the customer support has their finger on the pulse. Good response time!
Reply from Lux Trading Firm
I had a great experience using Lux's new Prediction Market platform. It is very easy to use, simple to understand, and provides a smooth overall experience. I really like how easy it is to navigate the platform and place predictions. Overall, it is a great platform, and I would definitely recommend it to others.
Reply from Lux Trading Firm
Hi there, last week i was partipating at the Lux prediction market contest, what a great idea these guys had, a plattform where you can trade your intuitions or your hunchs about almost anything, trading, politics, sports, culture, etc., and the best part?, if tour trade is winning at the time and you want to quit it, you can just close the trade at anytime and keep the profits you got, it´s perfect; they have a very intuitive environment at the dashboard, very easy to use.
Remember the contest? i won the 2nd prize, it was a 400K 1 step account, i just recieved it, i´m very very happy guys, i´ll make it worth it, i really want that 10M account.
Thanks Lux Trading, you really Rock......
Reply from Lux Trading Firm
I have researched many prediction market models, must say Lux has the best in my cocky opinion. Smooth and has the functionality that is expected. They also had a prediction market contest of which I came in 3rd place. That reward was 100k challenge that I have been using all day. Congrats to the top 2 winners. Good luck as well.
Reply from Lux Trading Firm
All good with these guys but you must at least use mt5 for trading because we are familiar with it other than all trading platforms
Reply from Lux Trading Firm
One of the best prop firms I have used. They don't have daily drawdown limits which is very useful for my trading style. Account sizes and pricing are also very good. So far so good, no issues with them.
Reply from Lux Trading Firm
I became a better trader with lux as its rules encoirage responsility and the seek for consistency
Reply from Lux Trading Firm
I finally switched to Lux because they’re an A-Book prop firm. I was tired of other firms hoping I’d fail. Knowing I’m on a real money account makes a huge difference in how my trades are executed. No weird lag or slippage when things get volatile.
Reply from Lux Trading Firm
For a $1M challenge:
Max loss per trade is .3% - $3k
Max Profit per trade is .6% - $7.5k
Profit Target is 15%
Statistically:
If you win every trade at a 1:2.5 risk reward, it would take you 20 trades in a row to earn the account
If you win half your trades at a 1:2.5 risk reward, it would take you 76 trades in a row to earn the account
Now I would say with this risk to reward ratio, you're probably winning less than 50%. Do the math....
Response to Lux's Reply:
They boast about being an A-book company but the funded challenge that would take 2+ years to complete (sarcasm but maybe not) is on match trader and definitely not A-book. The slippage is horrible. Again, if a trader wants to sit in a challenge for a long time to "maybe" get an account when there are plenty of B-book prop firms out there that will fund and pay out quickly, good luck!
Response 2:
1. Yes, initially I read the rules incorrectly and after I failed a challenge, I decided I wanted to give insight to what traders should expect with the prop firm. Since I read the rules incorrectly, I'll give you an extra star!
2. Never claimed funded accounts weren't A-book, the challenge phase has higher spread/slippage than I've experienced with other prop firms.
3. I don't mind strict profit/loss limitations as it protects the trader and future of the account. Most popular prop firms have these limitations, just not as strict as Lux.
4. As ratings are declining, it may be a good option as a company to discuss how you can present the rules more transparently and be less defensive on your trust pilot replies.
Reply from Lux Trading Firm
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