it’s called futures bro. stop banging your head against the wall and just move on to the far greener pastures in futures. if you can trade forex you can trade futures and you will make more money anyways.
People are trading on DEMO accounts through prop firms. How is that illegal???? Even Metaquotes lets you trade Demo directly through them for practice.
@@LuxTradingFirm I never said you said anything!!! I was talking about the people that is making metaquotes take the license's away from the prop firms!!!
@@roycestandard6153 Sorry for misundersting you but MQ is only taking away the lincse from prop firms who still offer their services to US traders and to brokers who give out white labels to prop firms who never ask MQ for premission.
Because the United States and especially the Biden Administration despise you the averge citizen. They do not want you to create any amount of wealth from yourself. The more people with less assets and financial resources, the better for them.
If you are trading on demo accounts with prop firms that is not a broker, why would there be any regulation on them? Even if you get on their A-book, they would copy your trades from your demo account.
We are not trading but doing consulting to prop firms as strategists, letting them know our views with the click of a button; manually or automatically.
@@wolfgangthiele9147 I think our interpretation would be correct depending on the prop firm: "helpers", "strategists" (or even "passive contractor work" that is non-material participation): (1) Lux fits our interpretation since it is not an "in house liquidity provider" (2) and not offering it to US customers; so, then, no problem. According to this video, prop firms are going under a broker's license (here 03:40) and then offering their services to US customers. LUX does not need to do that. I think we are safe because LUX does not fit into this category. It is not an in-house liquidity provider, and it does not offer brokerage services (Metaquotes services) to US clients under the license of a broker. (3) Lux does not work with any brokers. They have their own trading platforms: the MT5 and TradingView license. And these two are connected to liquidity providers. (4) Lux uses its own money, not virtual money. (5) Lux does not accept new traders from the US as everybody else does.
At the 5:50 point "we do not offer our services to us traders" Did I hear that right? Yesterday another prop firm I have 2 accounts with stopped taking us clients.
Yes, that is correct we no longer offer our services to US traders. This will stop sooner or later with all prop trading firms who offer CFD trading. The US offer many prop firms that offer prop trading in Futures or Spot Forex.
Please note that the problem is not offering your services to new US clients but to both existing US clients. Funding pips were taken down because of existing US traders. I can confirm that to you.
Hi, most prop firms will no longer use MT4, and the ones who can still use them, like us, will only have the MT5, so the best thing is to change your EA to the MT5.
There is no reason for that, and there are some prop firms in the US that offer to US traders Spot Forex or Futures. Only for us prop firms who offer CFD products need to set up a different website and have to study the laws about this and if this is economically interesting for them to do.
@@LuxTradingFirmdo you know which firms offers spot forex for US residents? I’ve been sticking with futures only for these reasons in the video, too iffy.
so the conclusion is not all propfirms that use MQ platform will lose thier licences of MT5 OR MT4, that is just for propfirms that their broker offer cfds to us clients, right ?
All prop firms that have a direct own license from MQ like we have and do not offer their services to US traders at this moment will not lose their MT4/5 license. Also, MQ has asked all brokers who use their MT4/5 license no longer to offer their MT4/5 platforms to any prop firms, as this broker are not allowed to offer any MT4/5 white labels to prop firms. All prop firms can contact MQ directly and order their own MT5 license as long they not offer their services to US traders.
@@Achraf-n3d4h You can ask the prop firm if they have their own license and they can show it. If a prop firm like us has our own MT5 license, you can see it on our own MT5 platform, the name and our own logo, and in the info window is our license number. Also you can ask them if they still offer their services to US traders as I think at this moment everybody will say no.
@@LuxTradingFirm the propfirm that i'm with, it shows the logo of the broker they work with in my account, that mean that they don't have a direct licence ?
@@Achraf-n3d4h Correct, this means that the broker owns the MT 4/5 license which means that soon this broker will get some message from MQ to stop offer serives to prop firms.
There are tons of videos about what cfd’s are already. I don’t think we’ll be doing anyone a favour by making another one. Here’s a good article tho: www.investopedia.com/terms/c/contractfordifferences.asp#:~:text=Key%20Takeaways,in%20FX%20and%20commodities%20products.
@@LuxTradingFirm im mean starting balance, if account is 25k drawdown should be based on 6% of 25k dollar And i had a question for a payout user should hit 10% profit? Or he can withdraw whenever he want?
Hi, you can see our MT5 license number on our MT5 platform. If you click on the help tab on the MT5 you see subject: about and if you open that it will show our MT5 license.
Does MetaQuotes not offer the ability to simply block CFD's from US clients? I.e. a prop firm could offer FX challenges but restrict US clients from trading the CFD side? The issue is the CFD offering NOT the FX side. If MT wasn't so antiquated, they would have this feature. There are some Futures prop firms where you have to "request" access to certain markets or else you cannot trade it, i.e. NYMEX is completely different than COBT, etc. It's great that you are putting the CORRECT information out there, thank you for that!
MQ simply ask for a letter from the US regulators or a legal opinion from a lawyer that whatever services you offer if you can offer this to US traders. If you do not have this, as not one prop firm has, then simply do not offer your services via their trading platform to US traders.
You said many firms had licesnes with MQ and got taken away. Why couldn't yours too? Also, you don't accept US Clients? What if I am in the US and wanted to buy an account with you guys?
Hi, we say that some brokers who offer their services like a white label to prop firms lose their MT4 license not all if they stop with it. Also this brokers lose it because they accepted US trades for their broker services. If a broker reguted or unregulated does not accept US traders while offer CFDs they have no issue. We do not offer our services to any new US trader.
We would of course tell you that it’s us! But do your own research. Look for firms with good reputation, and most importantly for those who trade with real capital.
The ONLY answer is that every Prop Firm that doesn't offer "REAL CAPITAL" to trade, will go down. It's just a matter of time. If you trade on DEMO accounts, where are the profits coming from?
The govt will have to regulate this not scrap the simulated. A sizable portion of the capital is in the pool (ie, the challenges) and if managed well by the prop firms, it's here to stay
Why are people panicking? If you are a profitable trader, shouldn't you be able to make money outside of prop firms? Or is it that you are too greedy and want to become a millionaire quick?
You could. But the problem for most people is that they don't have enough capital to earn a living from it. To live in most places you want to make at least $1,000 a month to make trading your career: a) if you have $10,000 you need to make 10% each month b) If you have $1,000,000 to trade, you need to make 0.1% Therefore you can take much much lower risk by trading with prop firms.
@@LuxTradingFirm Guess what to those, get a job aside from trading. Getting $1000 a month is not hard in today's economy. That's what I did. Trading in the morning, and afternoon work. Those easy jobs got me $2500 a month. I could easily save $1000 a month. You will downgrade with lifestyle but its temporarily. I did not have enough capital but still needed to pay bills. I took jobs that would make me able to trade in the morning, pay my bills, save and grow up an account. By compounding you grow your account faster. Yes it's not over night getting rich but eventually you will get there. This sounds more like a greed problem from people because a lot of successful traders do not begin with a capital of millions. Seems to me people are not willing to put the time to get there and make sacrifices.
Yeah. What you say is valid. There are 2 options traders can go down. Although saving $1000 a month, it’ll take you 1000 months to save up a million. So…
@@masonridgewell8063We all need a perspective that emphasizes the importance of self-awareness, personal alignment, and a deeper understanding of oneself over the pursuit of quick wealth. Nothing is impossible to those that are comfortable within themselves - no matter the challenges thrown at them.
@@LuxTradingFirm You're not only saving, but also growing your capital through wins. But to be honest, I find it quite ridiculous to think you can make a living trading by only having 1 million in capital. Again using myself as an example, having 10k to 20k is enough for me to make enough money with Forex. Especially looking at commodities like Gold, US30 and all the other commodities or currency pairs. There are so many opportunities in the forex market to grow your capital fast. Of course you need to be a profitable trader and skilled enough. But I don't buy the notion of needing $1 million to be able to make a living. It may take you 1 to 2 years to compound from a temporary job and profits to grow a large capital account. I've made well over millions in profit and it did not take me 1000 months. I also know others who achieve the same with sticks, options or futures. I knew that whole prop firm trading was shady and doomed to fail. I think a creative and skilled person will always find a solution to adapt. There are just too many opportunities and solutions in the financial markets. 🤷
Hey, I’ve known for a couple years that this opportunity for us in the US would come to a close. When I finally came across a decent firm such as this one it was already to late. Not to say it’s over but, it’s slimmer than ever!
Extremely disheartened and sad to hear you not available to US citizens. I always dreamed of joining your firm because you offer a opportunity establish a audited and verified track record from a reputable firm that can be used to establish a professional trading career become a fund manager and grow up to $10M with your fund. It cannot be overstated how amazing the opportunity your firm offers. I hope you establish a separate branch that offers the same opportunities, but in futures instead of in cfds. Thank you.
The thought didnt occur to me until now but maybe its possible with Lux Trading Firm's large size. Have your lawyers look into this. An eligible contract participant (ECP) is an entity or individual allowed to engage in certain financial transactions that are not open to the average investor. An eligible contract participant is allowed to invest in a number of markets that are not typically available to the average investor. The CFTC and SEC require retail Americans to trade financial products on-exchange. U.S. regulators don’t allow “retail Americans” to trade CFDs on foreign or domestic trading platforms. US regulators require retail Americans to trade financial products on-exchange. These regulators allow “institutional clients” including “Eligible Contract Participants” (ECP) to trade CFDs and other swap contracts in the U.S. or foreign countries. Eligible Contract Participant" (ECP) classification permits these persons to engage in transactions (such as trading on a derivatives transaction execution facility) not generally available to non-eligible contract participants such as retail customers.
The thought didnt occur to me until now but maybe its possible with Lux Trading Firm's large size. Have your lawyers look into this. An eligible contract participant (ECP) is an entity or individual allowed to engage in certain financial transactions that are not open to the average investor. An eligible contract participant is allowed to invest in a number of markets that are not typically available to the average investor. The CFTC and SEC require retail Americans to trade financial products on-exchange. U.S. regulators don’t allow “retail Americans” to trade CFDs on foreign or domestic trading platforms. US regulators require retail Americans to trade financial products on-exchange. These regulators allow “institutional clients” including “Eligible Contract Participants” (ECP) to trade CFDs and other swap contracts in the U.S. or foreign countries. Eligible Contract Participant" (ECP) classification permits these persons to engage in transactions (such as trading on a derivatives transaction execution facility) not generally available to non-eligible contract participants such as retail customers.
4% Traling Drawdown this is what you need to remove so that people start coming to you. This will be more effective than describing competitors’ problems in a negative way.
First of all, we do not have 4% dd! Check our website and rules page; we have a 6% dd and 6% profit target. Second of all, we do not describe our competitor's problems; we give a message to our traders that we do not lose our MT5 platform, and we explain why we do not lose it! Third of all, we are not a marketing company. We are a real money account prop firm, so we are not looking for a high number of high-risk traders who want to get rich quickly, but we are looking for long-term career traders who are In much lower numbers.
The reason is : it’s creating huge competition to us based brokers. They been working very hard for past 15 years to eliminate everyone. And now they will do it again. Try us brokers conditions - spread on eurusd 1-2 pips minimum. Spread on cable 2-3 pips. They been killing competition through creating new laws. Have nothing to do with prop trading.
@@LuxTradingFirm do you remember what spread use to be on cable 20 years ago? Before all international brokers started operating and getting in to us market?
FTMO has there own MT4/5 license and they also stop offer their services to US traders so we do not think they will have this same issues, but best is to ask them.
Just don't offer CFD, so simple. what's so hard about that? Just solely focus on FOREX pairs. If US forex brokers can do it why can't prop firms?...anybody who want to trade in the prop firm space will make it work with forex if that's the only thing they can trade in the prop firm space.
@@420Trader In the US you can trade Spot Forex. Unlike traditional spot forex trading, trading forex with CFDs eliminates the need for physical ownership of the underlying currencies. This means there are no costs associated with stamp duty or storing physical currencies, making CFD trading a more cost-effective choice.
You missed a big part. MFF got shut down specifically because of its dubious practices. It was specifically being litigated for manipulating the backend. DO BETTER
MFF was shut down for many different reasons, and we already made a video about that, but one of the points in the MFF case was they offer CFD products to US traders which is the point of this video.
@@aceofwatersYou ask stupid questions. CFD trading is ILLEGAL in the US. A lot of y'all jump into the trading business without even proper knowledge 🤦
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Time for lux to shine ! Thanks for the clear info
Thanks for clarifying the situation! Very nice video
Thank you! Hope it helped! Let us know if you have any ideas for future videos!
Man this is messed up for us in the US. I hate that it's harder for us in the US to make decent money in trading.
it’s called futures bro. stop banging your head against the wall and just move on to the far greener pastures in futures. if you can trade forex you can trade futures and you will make more money anyways.
@will-zj5gq can you trade nasdaq100 and us30 on futures though??
@@theblockcat-ain1572 Yes, NQ is a contract on the CME. You can trade the mini or micro versions.
@@theblockcat-ain1572 yes it’s called NQ and YM with zero spread
@@theblockcat-ain1572yes you can
Much needed update. Cheers guys.
So why can't MQ just offer US clients and prop firms an account with just Forex and no CFD's? Wouldn't that be the simple solution?
We already have that, but we don’t have the cfd with them,
Not with prop firm but with the regulated broker that I’m talking about.
This is the most insightful video on this subject. THANK YOU
Glad it helps!
Thanks for clearing the this up
People are trading on DEMO accounts through prop firms. How is that illegal???? Even Metaquotes lets you trade Demo directly through them for practice.
We never say that trading on demo accounts by prop firms is illegal!
@@LuxTradingFirm I never said you said anything!!! I was talking about the people that is making metaquotes take the license's away from the prop firms!!!
@@roycestandard6153 Sorry for misundersting you but MQ is only taking away the lincse from prop firms who still offer their services to US traders and to brokers who give out white labels to prop firms who never ask MQ for premission.
@@LuxTradingFirm It`s all good. 😃
Because the United States and especially the Biden Administration despise you the averge citizen. They do not want you to create any amount of wealth from yourself. The more people with less assets and financial resources, the better for them.
Good and real information here, thanks.
Glad it was helpful!
Older US clients already with Funding Pips will be grandfathered in. They just cannot purchase further challenges.
It's intriguing; this could prove to be an attractive option for those seeking a stable prop firm outside the USA
If you are trading on demo accounts with prop firms that is not a broker, why would there be any regulation on them? Even if you get on their A-book, they would copy your trades from your demo account.
Is there a way for prop firms to offer just forex trading instead of CFD?
Any prop firm can offer what ever they want.
Guys, really, you have the best model out there. Eager to join.
We’re looking forward to having you on board!
We are not trading but doing consulting to prop firms as strategists, letting them know our views with the click of a button; manually or automatically.
This would be my interpretation as well but that is evidently not the way U. S. regulators look at it.
@@wolfgangthiele9147 I think our interpretation would be correct depending on the prop firm: "helpers", "strategists" (or even "passive contractor work" that is non-material participation): (1) Lux fits our interpretation since it is not an "in house liquidity provider" (2) and not offering it to US customers; so, then, no problem. According to this video, prop firms are going under a broker's license (here 03:40) and then offering their services to US customers. LUX does not need to do that. I think we are safe because LUX does not fit into this category. It is not an in-house liquidity provider, and it does not offer brokerage services (Metaquotes services) to US clients under the license of a broker. (3) Lux does not work with any brokers. They have their own trading platforms: the MT5 and TradingView license. And these two are connected to liquidity providers. (4) Lux uses its own money, not virtual money. (5) Lux does not accept new traders from the US as everybody else does.
At the 5:50 point "we do not offer our services to us traders" Did I hear that right? Yesterday another prop firm I have 2 accounts with stopped taking us clients.
Yes, that is correct we no longer offer our services to US traders. This will stop sooner or later with all prop trading firms who offer CFD trading. The US offer many prop firms that offer prop trading in Futures or Spot Forex.
Please note that the problem is not offering your services to new US clients but to both existing US clients. Funding pips were taken down because of existing US traders. I can confirm that to you.
Hi. Lux trading what about just offering forex not (cfd)to us clients.
@@Ammo1013 We are looking in to this as well.
@@LuxTradingFirm Hi, great explanation. What about offering Futures instead of CFDs? As a French Luxtrading customer, I'm rooting for you ;)
Thank you for your simple explanation
Glad it was helpful!
Great video it is looking bullish for me too!
Thank u for this explanation lux trading firm keep up the good work
Thank you! Hope it helped! Let us know if you have any ideas for future videos!
Everything is at a standstill; numerous prop firms are shuttering their doors due to regulatory issues in the US.
& this is why i chose you! Thans fellas
Thank you!
Hello!
Can you kindly advise which prop firms will continue using MT4?
Because I use indicators and EA written for MT4.
Thank you)
Hi, most prop firms will no longer use MT4, and the ones who can still use them, like us, will only have the MT5, so the best thing is to change your EA to the MT5.
Which Prop firms It's closed by for problem with Metaquotes??
TFF, the funding pips... How many more?
Eightgap closed Larckfunding
Good one 🔥
Thanks 🔥
Any reason why the prop firms cannot offer just Forex (and no CFD) to US clients?
There is no reason for that, and there are some prop firms in the US that offer to US traders Spot Forex or Futures. Only for us prop firms who offer CFD products need to set up a different website and have to study the laws about this and if this is economically interesting for them to do.
@@LuxTradingFirmdo you know which firms offers spot forex for US residents? I’ve been sticking with futures only for these reasons in the video, too iffy.
No. But you can surely google that.
Biz lyuksda aksiyalar bilan savdo qilganda haqiqiy aksiyalar bilan savdo qilamizmi yoki CFDsi bilanmi
@@KomiljonRahmatov-uj1oc We trade CFDs not cash stocks.
Can't wait to get an account with you guys.
Can’t wait to have you on board!
so the conclusion is not all propfirms that use MQ platform will lose thier licences of MT5 OR MT4, that is just for propfirms that their broker offer cfds to us clients, right ?
All prop firms that have a direct own license from MQ like we have and do not offer their services to US traders at this moment will not lose their MT4/5 license. Also, MQ has asked all brokers who use their MT4/5 license no longer to offer their MT4/5 platforms to any prop firms, as this broker are not allowed to offer any MT4/5 white labels to prop firms. All prop firms can contact MQ directly and order their own MT5 license as long they not offer their services to US traders.
@@LuxTradingFirm is there any way to know if any propfirm have a direct own licences from MQ and is they offer their service to US traders ?
@@Achraf-n3d4h You can ask the prop firm if they have their own license and they can show it. If a prop firm like us has our own MT5 license, you can see it on our own MT5 platform, the name and our own logo, and in the info window is our license number. Also you can ask them if they still offer their services to US traders as I think at this moment everybody will say no.
@@LuxTradingFirm the propfirm that i'm with, it shows the logo of the broker they work with in my account, that mean that they don't have a direct licence ?
@@Achraf-n3d4h Correct, this means that the broker owns the MT 4/5 license which means that soon this broker will get some message from MQ to stop offer serives to prop firms.
that was the most clearest explanation I have heard about this subject. Very Good Job
is the first time I ear about you.. you are a prop firm, also??
Hi, thanks for feedback and yes we are a real money prop firm. See our website for all information at www.luxtradingfirm.com
What broker does Lux use, and what trading platforms ?
We do not work with any brokers as we have our own trading platforms, the MT5 and TradcingView license and they are connected to liquidity providers.
Make a video explaining what CFD is....let see that
There are tons of videos about what cfd’s are already. I don’t think we’ll be doing anyone a favour by making another one.
Here’s a good article tho: www.investopedia.com/terms/c/contractfordifferences.asp#:~:text=Key%20Takeaways,in%20FX%20and%20commodities%20products.
Everything is good with lux , just consider the drawdown rules and change it to a balance base please
Yes, I'm not joining anytime until they change that relative drawdown
Our drawdown is already based on balance.
It’s 6% from the highest achieved balance (closed positions).
Our drawdown was never based on equity.
@@LuxTradingFirm im mean starting balance, if account is 25k drawdown should be based on 6% of 25k dollar
And i had a question for a payout user should hit 10% profit? Or he can withdraw whenever he want?
@@Lightxus For questions about our program it is best to contact our live chat on www.luxtradingfrim.com
@@LuxTradingFirm 6% from the highest achieved balance is pretty good, it is set up to demonstrate the capacity of the trader to protect benefits.
What about offshore platforms. Are the gonna ban them in usa???
So Lux Trading doesn’t offer any services to US clients?
We’re not accepting U.S. clients.
@@guitarslinger2717 No, we do not offer our stock account anymore to new US traders.
Do you guys allow copy trading?
Hi, best is to ask all our funded program related questions to our 24-6 live chat on www.luxtradingfirm.com
So if i understand it correctly this just affects US traders? Prop firms in Europe don’t face these kind of problems right ?
Correct, any trader in the world who is allowed to trade CFDs can still trade by prop firms who offer CFDs.
So this issue is only based on US residents only I mean if Iam no t the us I can continue using the same prop firms that are suspended from US?
@@bongumusamasondo9287 Yes, that is correct.
This means funded engineer and other prop firms is still ok to use except US resident?
@@LuxTradingFirm thank god. Thanks for clearing that up you deserve a like and subscribe.❤️
These news only affect the USA right?
Yes, that is correct.
So you guys don’t allow people from U.S to sign up?
Yes, that is correct at this moment not. We are looking for a legal way to offer our services again in the near future.
so you'll keep offering mt5 to non-US traders is that right?
Yes, that is correct.
As you not allow US Trader in your platform, is there any proof on your site, that you licensed by Metaquotes ?
Hi, you can see our MT5 license number on our MT5 platform. If you click on the help tab on the MT5 you see subject: about and if you open that it will show our MT5 license.
Thanks 🙏 First 100% Legit Company
Joining soon. The market is shaking out as it should.
We’re looking forward to having you on board!
Does MetaQuotes not offer the ability to simply block CFD's from US clients? I.e. a prop firm could offer FX challenges but restrict US clients from trading the CFD side? The issue is the CFD offering NOT the FX side. If MT wasn't so antiquated, they would have this feature. There are some Futures prop firms where you have to "request" access to certain markets or else you cannot trade it, i.e. NYMEX is completely different than COBT, etc. It's great that you are putting the CORRECT information out there, thank you for that!
MQ simply ask for a letter from the US regulators or a legal opinion from a lawyer that whatever services you offer if you can offer this to US traders. If you do not have this, as not one prop firm has, then simply do not offer your services via their trading platform to US traders.
Im an existing US trader what will happen to my account?
Our existing clients can continue to use the services as normal.
You would think that these prop firms would work with the brokers to restrict the CFD's to U.S. customers.
Are you guys available for us traders
No, we are not allow to offer our services to US traders.
So can US traders still trade for Lux?
You said many firms had licesnes with MQ and got taken away. Why couldn't yours too? Also, you don't accept US Clients? What if I am in the US and wanted to buy an account with you guys?
Hi, we say that some brokers who offer their services like a white label to prop firms lose their MT4 license not all if they stop with it. Also this brokers lose it because they accepted US trades for their broker services. If a broker reguted or unregulated does not accept US traders while offer CFDs they have no issue. We do not offer our services to any new US trader.
Thanks
all and all which one is the safest prop firms
just the ftmo
We would of course tell you that it’s us! But do your own research. Look for firms with good reputation, and most importantly for those who trade with real capital.
so what are us United states traders supposed to do???
The ONLY answer is that every Prop Firm that doesn't offer "REAL CAPITAL" to trade, will go down. It's just a matter of time. If you trade on DEMO accounts, where are the profits coming from?
You are spot on!
The govt will have to regulate this not scrap the simulated. A sizable portion of the capital is in the pool
(ie, the challenges) and if managed well by the prop firms, it's here to stay
Why are people panicking? If you are a profitable trader, shouldn't you be able to make money outside of prop firms? Or is it that you are too greedy and want to become a millionaire quick?
You could. But the problem for most people is that they don't have enough capital to earn a living from it.
To live in most places you want to make at least $1,000 a month to make trading your career:
a) if you have $10,000 you need to make 10% each month
b) If you have $1,000,000 to trade, you need to make 0.1%
Therefore you can take much much lower risk by trading with prop firms.
@@LuxTradingFirm Guess what to those, get a job aside from trading. Getting $1000 a month is not hard in today's economy. That's what I did. Trading in the morning, and afternoon work. Those easy jobs got me $2500 a month. I could easily save $1000 a month. You will downgrade with lifestyle but its temporarily. I did not have enough capital but still needed to pay bills. I took jobs that would make me able to trade in the morning, pay my bills, save and grow up an account. By compounding you grow your account faster. Yes it's not over night getting rich but eventually you will get there.
This sounds more like a greed problem from people because a lot of successful traders do not begin with a capital of millions. Seems to me people are not willing to put the time to get there and make sacrifices.
Yeah. What you say is valid. There are 2 options traders can go down.
Although saving $1000 a month, it’ll take you 1000 months to save up a million. So…
@@masonridgewell8063We all need a perspective that emphasizes the importance of self-awareness, personal alignment, and a deeper understanding of oneself over the pursuit of quick wealth. Nothing is impossible to those that are comfortable within themselves - no matter the challenges thrown at them.
@@LuxTradingFirm You're not only saving, but also growing your capital through wins. But to be honest, I find it quite ridiculous to think you can make a living trading by only having 1 million in capital. Again using myself as an example, having 10k to 20k is enough for me to make enough money with Forex. Especially looking at commodities like Gold, US30 and all the other commodities or currency pairs. There are so many opportunities in the forex market to grow your capital fast. Of course you need to be a profitable trader and skilled enough. But I don't buy the notion of needing $1 million to be able to make a living. It may take you 1 to 2 years to compound from a temporary job and profits to grow a large capital account. I've made well over millions in profit and it did not take me 1000 months. I also know others who achieve the same with sticks, options or futures. I knew that whole prop firm trading was shady and doomed to fail. I think a creative and skilled person will always find a solution to adapt. There are just too many opportunities and solutions in the financial markets. 🤷
will lux ever offer futures with one time fee
We are looking in to it, but we have no concrete plan.
Hey, I’ve known for a couple years that this opportunity for us in the US would come to a close.
When I finally came across a decent firm such as this one it was already to late.
Not to say it’s over but, it’s slimmer than ever!
Don’t worry. We’re working on bringing something for you too! Maybe futures or other trading instruments. We’ll see!
@@LuxTradingFirm Are Futures Propfirm Accounts unscathed in all of this?
@@fundedbydow949 Yes, as far we know in the US are many future trading prop firms.
Just make it harder on us traders who already have enough stress from trading alone
WAIT....In the video, you say you Do Not offer your services to US TRADERS?
Is this gonna effect Nova funding? Please replay anyone
It’s probably the best to check with them. Ask them if they offer CFD in the U.S.
@@LuxTradingFirm 🤣Funny, why the people always asked about other prop firms with you guys
Is this Prop Firm good
It's not about protecting "us".
It's about protecting the interests of traditional finance companies & the US tax dollar inflow.
Plain & simple.
Great news, hope we never see these fake gurus.
Extremely disheartened and sad to hear you not available to US citizens. I always dreamed of joining your firm because you offer a opportunity establish a audited and verified track record from a reputable firm that can be used to establish a professional trading career become a fund manager and grow up to $10M with your fund. It cannot be overstated how amazing the opportunity your firm offers. I hope you establish a separate branch that offers the same opportunities, but in futures instead of in cfds. Thank you.
Hi, thanks for your nice feedback and if we find a way then we will be back for the US traders.
The thought didnt occur to me until now but maybe its possible with Lux Trading Firm's large size.
Have your lawyers look into this.
An eligible contract participant (ECP) is an entity or individual allowed to engage in certain financial transactions that are not open to the average investor.
An eligible contract participant is allowed to invest in a number of markets that are not typically available to the average investor.
The CFTC and SEC require retail Americans to trade financial products on-exchange.
U.S. regulators don’t allow “retail Americans” to trade CFDs on foreign or domestic trading platforms. US regulators require retail Americans to trade financial products on-exchange. These regulators allow “institutional clients” including “Eligible Contract Participants” (ECP) to trade CFDs and other swap contracts in the U.S. or foreign countries.
Eligible Contract Participant" (ECP) classification permits these persons to engage in transactions (such as trading on a derivatives transaction execution facility) not generally available to non-eligible contract participants such as retail customers.
The thought didnt occur to me until now but maybe its possible with Lux Trading Firm's large size.
Have your lawyers look into this.
An eligible contract participant (ECP) is an entity or individual allowed to engage in certain financial transactions that are not open to the average investor.
An eligible contract participant is allowed to invest in a number of markets that are not typically available to the average investor.
The CFTC and SEC require retail Americans to trade financial products on-exchange.
U.S. regulators don’t allow “retail Americans” to trade CFDs on foreign or domestic trading platforms. US regulators require retail Americans to trade financial products on-exchange. These regulators allow “institutional clients” including “Eligible Contract Participants” (ECP) to trade CFDs and other swap contracts in the U.S. or foreign countries.
Eligible Contract Participant" (ECP) classification permits these persons to engage in transactions (such as trading on a derivatives transaction execution facility) not generally available to non-eligible contract participants such as retail customers.
T😂😂take future prop firm challenge bro
4% Traling Drawdown this is what you need to remove so that people start coming to you. This will be more effective than describing competitors’ problems in a negative way.
First of all, we do not have 4% dd! Check our website and rules page; we have a 6% dd and 6% profit target. Second of all, we do not describe our competitor's problems; we give a message to our traders that we do not lose our MT5 platform, and we explain why we do not lose it! Third of all, we are not a marketing company. We are a real money account prop firm, so we are not looking for a high number of high-risk traders who want to get rich quickly, but we are looking for long-term career traders who are In much lower numbers.
The reason is : it’s creating huge competition to us based brokers. They been working very hard for past 15 years to eliminate everyone. And now they will do it again. Try us brokers conditions - spread on eurusd 1-2 pips minimum. Spread on cable 2-3 pips. They been killing competition through creating new laws. Have nothing to do with prop trading.
Not necessarily. CFD trading has been not allowed in the U.S. for quite a while and brokers don’t offer it.
@@LuxTradingFirm do you remember what spread use to be on cable 20 years ago? Before all international brokers started operating and getting in to us market?
FTMO also?
FTMO has there own MT4/5 license and they also stop offer their services to US traders so we do not think they will have this same issues, but best is to ask them.
5:52 What do you mean that you don't offer your services to U.S. traders? I am a client and I'm in the U.S. Please elaborate.
We no longer accept new traders from the US as everybody else does but our existing US traders can still continue.
These prop firms were breaking the law. Simple
Are you planning to lauch futures trading
We are not planning anything but we are looking into it.
Welp, this is going to take a few months at least for everything to settle.
This is a serious issue
Yes it is.
I’m waiting for the “A few moments later”
Lux is by far "The Best Prop Firm Ever". I think it's a good idea to offer different legal trading packages (options, futures, etc,) to us clients.
Totally agree! We’re thinking about it.
Lux trading firm is good but even 2024 relative drawdown
Hi Lux. What's the min. Stop loss you require for EURUSD, AUDUSD and USDJPY trades? Thanks.
Hi, best is to contact our live chat for all program rules-related questions on www.luxtradingfirm.com
Работает ли ваша фирма с Украиной?
@@ВиталйБулов Yes, we do.
@@ВиталйБуловDo you mean Western Russia? 😂
Darwinex will begin offering Futures to its traders in 2024. Is this something Lux is looking at?
This is something we are looking at also.
@@LuxTradingFirm As a futures trader, I had written off the Prop firms / CFD's combination. But Prop firms / Futures is a much more attractive option.
Just don't offer CFD, so simple. what's so hard about that? Just solely focus on FOREX pairs. If US forex brokers can do it why can't prop firms?...anybody who want to trade in the prop firm space will make it work with forex if that's the only thing they can trade in the prop firm space.
Forex is often traded via CFD as well. Anyone operating in the U.S. will have to use a different derivative.
@@LuxTradingFirm Not in the US. forex is just forex. what so hard about that?
@@420Trader In the US you can trade Spot Forex. Unlike traditional spot forex trading, trading forex with CFDs eliminates the need for physical ownership of the underlying currencies. This means there are no costs associated with stamp duty or storing physical currencies, making CFD trading a more cost-effective choice.
Why is your Discord server locked?
It is not locked; we only do not use it as a chat box as we use it to provide education or message to our traders.
prop firm will always be around man
🔥🔥
You say "all prop firms" . The issues are with the so called " forex prop firms"...
We speak about all prop firms who offer CFDs to US traders.
Surge Tarder shut down LOL
So Lux Trading is legit because they don’t accept US clients?
We’re legit for many reasons. Mostly because we follow all legal requirements, including not offering cfds to us traders.
No one was able to stop drugs so don't worry prop firms are not going anywhere
Ya we fucked
👍👍👍👍👍🙏
You missed a big part. MFF got shut down specifically because of its dubious practices. It was specifically being litigated for manipulating the backend. DO BETTER
MFF was shut down for many different reasons, and we already made a video about that, but one of the points in the MFF case was they offer CFD products to US traders which is the point of this video.
@luxtradingfirm don’t take this hate… he just butt hurt 😂
😍🇮🇩😍
Can someone please explain to me why a us firm would do this to us customers
This has nothing to do the with the firm but with the US law that forbid US traders to trade CFD products.
SINCE WHEN? A USA BROKER IN THE USA BANNING USA CUSTOMERS? HELLO, HELLO, SOMONE NEEDS TO EXPLAIN.
@@aceofwaters Hi, nobody say that any US broker ban US traders!
So what is the problem then? Why do we have all these headlines? If nothing is happening. @@LuxTradingFirm
@@aceofwatersYou ask stupid questions. CFD trading is ILLEGAL in the US. A lot of y'all jump into the trading business without even proper knowledge 🤦