Introduction

These are our General Terms and Conditions. These General Terms and Conditions apply to all our services and websites. Please read them carefully. We also recommend that you check this page often for any changes to our general Terms and Conditions

Article 1: Identity

1.1 Lux Trading Firm Ltd, operating under the trading name Lux Trading Firm, is based in Saint Lucia. Its principal place of business is: Ground floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. It is registered under company registration number 2023-00292.

Lux Trading Firm exclusively offers the following services: Trading Evaluation, Trading Education, and Prop Trading.

Article 2. Definitions

2.1 Website: the Websites of Lux Trading Firm to be found on luxtradingfirm.com, theluxtrader.io, and all of its subdomains.

2.2 Client: the natural person or corporation who enters into an agreement with Lux Trading Firm, and/or is registered on, or through, the Website.

2.3 Agreement: any arrangement or agreement between Lux Trading Firm and the Client of which the General Terms and Conditions are an integral part.

2.4 General Terms and Conditions: the General Terms and Conditions are to be applied to all the services and products Lux Trading Firm offers.

2.5 Specific Terms and Conditions: those specific Terms and Conditions are to be applied exclusively for one of the products or services Lux Trading Firm offers.

2.6 Services: all the services provided on any of our websites.

Article 3. Applicability of the General and Specific Terms and Conditions

3.1. The General Terms and Conditions apply to all offers, agreements, and deliveries of Lux Trading Firm unless explicitly agreed otherwise in writing.

3.2 The specific terms and conditions apply specifically to the offer, agreement, and deliveries that it is intended to.

3.3 Deviations from these Terms and Conditions is possible only by means of written confirmation by Lux Trading Firm

3.4 Any written contract/agreement between user(s) and Lux Trading Firm will prevail over these Terms and Conditions. In the case of conflict between any separate written agreement between the parties and these Terms and Conditions, the former will prevail.

Article 4. Specific Terms and Conditions of luxtradingfirm.com

Article 4.1 Definitions

4.1.1 Application Form: the form on the website of luxtradingfim.com through which a Client may submit to apply for a trading account for trading evaluation.

4.1.2 Evaluation: the (ongoing) process of evaluating a Client’s compliance with the applicable requirements, as defined in the rules of trading, and in these Terms and Conditions.

4.1.3 Evaluation Fee: the (one-time) fee which a Client is required to pay for (ongoing) Evaluation, as defined in the rules of trading, and in these Terms and Conditions.

4.1.4 Client: the natural person or corporation who enters into an agreement with Lux Trading Firm for Trading Evaluation

4.1.5 Review system: means either, or both, the technology used by Lux Trading Firm to evaluate the Client’s compliance with the applicable requirements, and the manual processes employed to the same end.

4.2 Registration and Delivery of Services

4.2.1 To make optimum use of the Evaluation service, the Client is granted access to a trading platform of his choice, chosen from the available ones, and to a personal Dashboard to monitor his or her progress. The choice of platforms might be limited depending on the selected account type and/or size.

4.2.2 The Client will be provided with usernames and passwords with which he can log on to the chosen platform and his or her Dashboard.

4.2.3 The Client must keep his login credentials, username, and password strictly confidential. Lux Trading Firm cannot be held liable for any misuse of the login credentials and is always entitled to assume that the Client who logs on to the platform and dashboard, is the party that it professes to be. The Client is responsible for and bears the full risk of any and all actions and transactions performed via the Client’s account.

4.2.4. If the Client knows, or has reason to suspect, that its login details have become available to unauthorized parties, he must change his password as soon as possible. Furthermore, he must notify Lux Trading Firm accordingly, to allow Lux Trading Firm to take appropriate measures.

Article 4.3 Registration process

4.3.1. To use our services, you first need to register. You must not provide any false or inaccurate information, whether during the registration process or otherwise. After completing registration and payment, you will receive your login credentials via email, to the email address you used when checking out.

4.3.2 You must secure access to your account using the username and password against third parties. In particular, you must keep the password strictly confidential. Lux Trading Firm may assume that all actions undertaken from your account after logging in with your username and password is authorized and supervised by you. This means you are liable for these actions, unless and until you have notified Lux Trading Firm that someone else knows your password.

4.3.3 Registration and payment are indispensable requisites in order to use our services. Trial account services do not require payment.

4.3.4 Lux Trading Firm will process your personal data according to its Privacy Policy, which can be found at https://luxtradingfirm.com/privacy-policy/

Article 5 Terms of use

5.1 It is not permitted to use the Services for any purpose that violates St. Lucia’s, local, international, or any other applicable law or regulation. This includes the storage or transmission of data using services that are slanderous, libelous, or racist, or publishing information that is not based on truth.

5.2 If you fail to comply with the obligations set out in these Terms and Conditions, or otherwise act in a way that Lux Trading Firm considers to be inappropriate, Lux Trading Firm shall be entitled to give a written warning. Any failure to comply or other misconduct after the warning has been issued will either result in removal from the Services or termination of any collaboration between you and Lux Trading Firm. A warning will remain valid for as long as Lux Trading Firm considers it necessary.

5.3 If, in the opinion of Lux Trading Firm, the continued functioning of the computer systems or network of Lux Trading Firm, or third parties, is actually or under threat of being damaged or jeopardized, for example through the excessive transmission of e-mail or other data, leaks of personal data or virus activity, Lux Trading Firm may take all steps it deems reasonably necessary to end or avert such damage or jeopardy.

5.4 Lux Trading Firm is at all times entitled to file a criminal complaint for any offenses committed through or using the Services. In addition, Lux Trading Firm is entitled to supply your name, address, IP address, and other identifying data to a third party alleging that you violate its rights or these Terms and Conditions, provided the validity of the complaint is clear, no other way of obtaining this information exists, and the third party has an evident interest in obtaining this information.

5.5 Lux Trading Firm may recoup from you all damages it suffers as a result of your violation of these terms of use. You agree to indemnify Lux Trading Firm against all third-party claims arising out of your violation of these terms of use.

Article 6 Availability and maintenance

6.1 Lux Trading Firm makes no promises regarding the availability of any of the Services.

6.2 Lux Trading Firm actively maintains its Services. Maintenance can take place at any time, even if this may negatively impact the availability of the Services. Maintenance is announced in advance whenever possible.

6.3 Lux Trading Firm may from time to time adapt the Services. Your feedback and suggestions are welcome, but ultimately, Lux Trading Firm decides what adaptations to carry out (or not).

6.4 Lux Trading Firm is entitled to seize a Service or Trading Platform without prior notification. If Lux Trading Firm terminates a Service, you agree that Lux Trading Firm is under no obligation to offer a refund or any other type of compensation.

Article 7 Amendments

7.1 Lux Trading Firm may amend these Terms and Conditions and any applicable prices or fees at any time. All changes or additions have an immediate effect, without notification being required.

7.2 If a client objects to any amendment, the parties will enter into consultation with each other. If the client chooses not to accept the changes or additions, it may terminate the Agreement. Termination will never result in any repayment obligation for Lux Trading Firm.

Article 8 Refunds

8.1 Once the client is sent his credentials, he is no longer entitled to any refund.

8.2 The time and sole proof of the sending of credentials is based on Lux Trading Firm’s systems registration of sending these credentials.

8.3 The non-reception by the client, reception in spam folder, bouncing of email, and/or delays in transmission caused by electronic systems does not invalidate point 8.1 and 8.2

8.4 An exception applies to UK residents using Knoma to pay for the Elite Package. In that case, a refund is possible for 14 days from the date of purchase, as long as the trader hasn’t:

traded on his evaluation account (they can use the test account), or
had a meeting with his mentor, or
used the services of the risk desk.

Article 9 Termination of Account

9.1 Lux Trading Firm may, in its own sole judgment, terminate the account of a client, in the following circumstances

9.1.1 Breaking of the drawdown rule, defined in Trading Rules on the website.

9.1.2 Not following instructions regarding risk, trading volume, or size of stop loss

9.1.3 Breaking other rules, after being warned that the continued breaking of such rules constitutes a reason to terminate the client’s account.

9.1.4 Breaking rules that are marked as a reason for termination in the trading rules, or for performing acts Lux considers cheating.

9.1.5 Gross negligence or Malicious Intent on the part of Client

9.1.6 Making false accusations, posting fake reviews or comments (reviews or comments that do not reflect a genuine and/or factual experience with Lux services), performing misleading, offensive, or illegal acts in relation to your undertakings with Lux.

9.1.7 Acting in a manner that is abusive or disrespectful to Lux, or to a Lux employee, partner, customer, or other user of the platform. We will not tolerate any abuse or bullying of our employees in any situation, and that includes interaction with our support teams and risk desk.

9.2 Each trader is allowed to have multiple accounts from each type, under the condition they do not take the same trades between the accounts. Copy trading between accounts is strictly prohibited.

9.2.1 Performing the same or very similar trades on more than 1 account is strictly prohibited. This includes accounts in your own name, and/or other people’s names. This includes trading on friends' and/or  family accounts. In case you are found trading the same or very similar trades on multiple accounts, all affected accounts will be terminated.

9.3 Group trading is not allowed and will result in the termination of all affected accounts. Group trading consists of multiple individuals trading the same system or strategy, resulting in near-equal trades.

9.4 The use of fully automatic EAs, robots, or automated systems in general, that are not the intellectual property of Client, is prohibited. The use of such EAs and/or robots may result in the termination of your account.

9.5 In the evaluation demo account, you are only allowed to trade a system or strategy, either traded manually or automated, which will also work on real money live accounts, and is accepted by our A-book broker and their liquidity providers. The use of a non-compliant system may result in the termination of your account.

9.6.1 The use of full automatic EAs, robots, or automated systems in general, that generate excessive trades, at either Lux’s or the broker’s discretion, is forbidden, and will result in the termination of your account.

9.6.2 Accounts engaging in excessive trading, or high-frequency trading, generating more than 2,500 server messages per 24 hours, will be deleted by our broker or by our systems without any warning, This will constitute the irrevocable termination of your Lux account, without the right to any refund.

9.7 Copy trading is only allowed when copying trades out, that is, when the account at Lux is the master account. Copying trades into a Lux account will result in the termination of that account.

9.8 From stage 2 onward in career plans, you will be assigned a personal risk manager. Your risk manager is there to advise, support, and guide you in any way that is beneficial to both of us. Therefore, you are required to follow his advice diligently. In case of serious negligence, or poor risk management, your account might be closed at our discretion, and you will be expelled from the program.

9.9 Termination will never result in any repayment obligation for Lux Trading Firm

9.10 Client is not responsible for any losses on accounts, except in the case of Gross Negligence or Malicious Intent. In the case of Gross Negligence or Malicious Intent, the Client is responsible only for any losses due to this Gross Negligence.

Article 10 Acceptance of trades and their results to pass evaluation or scaling.

10.1 Lux Trading Firm may, in its own sole judgment, choose not to accept certain trades the client made, in Lux Trading Firm’s assessment of passing Evaluation or Scaling.

10.2 Among others, results of “Revenge Trades” or non-consistent trades may be excluded from accepted results.

10.3 Trades performed by EAs, robots, or automated systems in general, may be excluded from accepted results

10.4 Trades excluded from accepted results may affect net results, the number of active trading days, the passing of evaluation, and/or eligibility for Scaling.

Article 11 Traders from sanctioned countries or the USA

11.1 Traders with permanent residency in a sanctioned country (as listed in the declaration of compliance, and elsewhere on the site), or the USA, will be refused access to the service, or have their access terminated. You agree that if your access is terminated, you have no right to a refund, reset, or new account, be it demo or live. In case of refusal and termination of service, you further agree you will not attempt to establish a new account under any name, real or assumed.

Article 12 Failing Evaluation and Retrying.

12.1 When a client’s account is terminated because of any of the reasons enumerated in point 9, he or she fails the Evaluation

12.2 Retrying the Evaluation is possible by paying a reset fee.

12.3 Lux Trading Firm may, in its own sole judgment, choose not to accept the reset of a client’s account.

12.4 If Lux Trading Firms chooses not to accept a reset, the client is entitled to, and will get a full refund of the reset fee, within the shortest time possible.

12.5 If Lux Trading Firms chooses not to accept a reset, the client has no right to a refund of any other fees paid, or expenses made, by the client.

Article 13 Calculation of results.

13.1 Calculations of results for passing evaluation (stages 1 and 2) are done daily.

13.2 Calculations of results for stage 3 and up are done the first weekend of a month for the previous month’s results.

13.3 Calculations of results for scaling are done the first weekend of a month for the previous month’s results. Scaling is only possible after the calculation of these results.

13.4 For calculating results for stages 3 and up, any positive open equity will not be considered. All negative equity will be considered. Open equity carries over to next month’s results.

13.5 For stages 3 and up, realized losses in previous months will be considered, and must first be recuperated before a net positive result can be obtained. This is equivalent to working with a High-Water Mark system.

Article 14 Lux Elite Traders Club

14.1 The Lux Traders Elite Traders Club is a compound package that includes the services of a funded account, as described above, with several benefits, defined below.

14.2 The differences between the standard funded account service and the ones included in the Elite package are as follows: at the end of stage 1, the client will not receive his registration fee refunded.

14.3 Additional benefits of Lux Elite Traders Club. Having purchased a Lux elite traders club package gives clients the following extra benefits.

14.3.1 Test Account. A test account, for as long as the client has an active main account, with unlimited resets, for the same value as his initial main account.

14.3.2 Live Trading Room. Access to the live trading room, while the client has an active main account.

14.3.3 1-on-1 meetings. 1-on-1 meetings with mentors: Credits for 1-on-1 meetings with mentors. One credit is equivalent to one meeting of 45 minutes +a 15-minute courtesy for A. late-comers, B. to resolve any audio or video issues, C. to allow the mentor to send a follow-up by email. These 15 minutes can only be used for these purposes. Being late for more than 15 minutes is considered a disrespect to your mentor, and will result in the cancellation of the session and loss of the credit used. You are allowed to program one meeting per week with a mentor.

14.3.3.1 Reservations and Cancellations: Reservations will only be accepted through the automated calendar system. Cancellations are allowed up to 24 hours before the time of the meeting. Later cancellations will result in the loss of the credit unless the mentor has more than 50% available time slots that day, in which case you will not lose the credit.

14.3.3.2 Credits included in each package: 15K account packages: 10 credits. 10K account packages: 8 credits. 5K account packages: 6 credits

14.3.3.3 Additional credits: Additional credits can be purchased at the price of GBP95.

14.3.4 Workshops. A series of Online workshops, hosted by our mentors.

14.3.5 Educational videos. Access to all educational videos on demand.

14.3.6 Risk Desk. Access to the Lux Risk Desk by email, beginning at stage 1. Your risk manager is there to advise, support, and guide you in any way that is beneficial to both of us. Therefore, you are required to follow his advice diligently. In the case of serious negligence, or poor risk management, your account might be closed at our discretion, and you will be expelled from the program.

Article 15 Personalized Risk Management and Trader Conduct in the Advanced, Professional, Expert, and Fund manager accounts

15.1 A trader in the Advanced, Professional, Expert, and Fund manager account stages will act as a ‘Strategy/Signal Provider’.  A “Strategy/Signal Provider” is in the business of developing trading strategies, providing trading signals, and/or managing Lux's subaccounts ; the Strategy/Signal Provider is a temporary hire, paid solely on performance, and according to St. Lucia's labor Law.

15.2 Personalized Risk Management Rules: All traders, upon entering the second (advanced) stage with Lux Trading Firm, hereby agree to adhere to a set of personalized risk management rules, as provided by the Risk Desk of Lux Trading Firm. These rules are designed to mitigate potential financial risks associated with trading activities and ensure responsible trading practices. Traders acknowledge that failure to comply with these rules may lead to disciplinary actions, including expulsion from trading privileges.

15.3 Risk Desk Guidelines: Upon starting the second stage, traders will receive a personalized set of risk management rules from the Risk Desk via email. These guidelines will be tailored to individual trading styles, risk tolerance levels, and market conditions. Traders are required to follow these guidelines strictly, while conducting trades for Lux Trading Firm.

15.4 Compliance and Monitoring: Traders acknowledge that Lux Trading Firm reserves the right to monitor trading activities and assess compliance with the personalized risk management rules. The Risk Desk will periodically review traders' adherence to the guidelines and offer guidance as needed to ensure effective risk management.

15.5 Expulsion Criteria: Traders are hereby informed that any breach of the personalized risk management rules will be subject to disciplinary action. In the event of three documented breaches, Lux Trading Firm reserves the right to expel the trader from further trading and close their trading account.

15.6 Amendment of Guidelines: Lux Trading Firm reserves the right to modify, update, or amend the personalized risk management guidelines as market conditions evolve, to enhance risk mitigation strategies, or for any other legitimate reasons. Traders will be notified of any such changes in a timely manner.

15.7 By proceeding to the second (advanced) stage with Lux Trading Firm, traders affirm their understanding of and consent to the above-stated Personalized Risk Management Rules and Trader Expulsion Clause.

15.8 Once you pass to the live stages, we will provide you with a live account, backed by our capital. The capital in your Funded Account is notional and may not match the amount of capital on deposit with the Broker. A Funded Account is notionally funded when actual funds in the account (i.e., the equity in a Funded Account represented by the amount of capital) differs from the nominal account size (i.e., the size of the Funded Account that establishes the initial account value and level of trading). Notional funds are the difference between nominal account size and actual capital in a Funded Account.
Use of notional funding does not change the trading level or that the account may trade in any manner differently than if notional funds were not used. In particular, the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Trailing Drawdown, stop loss and position limits apply.

15.9 Counterparty to traders' positions: for purposes of managing risk and minimizing transaction costs, we may offset or negate market risk and act as the direct counterparty to certain trades initiated in the Account. Such trades are executed at prices provided by the broker, our real-time market data feed, or our liquidity provider. This framework is intended to ensure you receive real market execution on your trades, while simultaneously allowing us to manage risk dynamically by routing existing positions or future orders to third parties for execution as we deem appropriate. We believe that such real market execution and dynamic risk management would not be possible or as cost-effective if trades were executed in simulated accounts. Regardless of whether we act as counterparty to your trades, the gain, or loss, on your Funded Account is not calculated differently. However, when we act as the counterparty to your trades, there is an inherent potential conflict of interest because your trades do not result in net gain or loss to us, as your trades would if we were not the direct counterparty.

Article 16 Dispute settlement

16.1 The governing law and applicable jurisdiction in case of a dispute between Client and Lux Trading Firm ltd is Saint Lucia law, and only Saint Lucia courts can decide on the outcome of such a dispute.