The only way to know is to ask proof from your prop firm as we do. We trade with a regulated A-Book broker who provides proof that they place your trades in the market by genuine big bank liquidity provider: ruclips.net/video/v8vcptIatE8/видео.html and who also confirm to do this for our traders: luxtradingfirm.com/wp-content/uploads/2022/11/Lux.Letter.Authenticity-1.pdf
If you're managing high funds like 1 million or 2 million to trade in forex market as an individual, which one to trade with, retail broker or a liquidity provider platform? And which one is the best in them???
Hi Levi, as a retail trader you will always need to use a broker to be connected to a pool of liquidity providers. Also, you do not want to only trade with one liquidity provider and therefore the best brokers to use are the ones who offer an A-Book model and proof you that they place your traders by the real big bank liquidity providers pool as our broker Global Prime do. We have asked our broker to provide our traders with proof of this by this statement of Global Prime: luxtradingfirm.com/wp-content/uploads/2021/09/Lux.Letter.Authenticity-1.pdf
@@Levi-mz7ei They are the big bank liquidity providers I mean in my answer before and what our broker uses. An A-book model means that the broker forward your trades to these liquidity providers and do not trade against you as that is called a B-book model and that is what most retail traders get when opening a small retail live account by many brokers. We had a clear request by our broker that we will not work with them if our traders do not get filled by these liquidity providers and they even can show proof of each trade when you request this.
@@LuxTradingFirm oh.. so is there way to have day trading or like scalping account with these liq providers directly for individual without the broker?
@@Levi-mz7ei Yes you can, only you would need to order a white-label platform like MT4 or C-Trader and then you would need to set up a liquidity pool accounts by all these liquidity providers from a minimum account size of 100k or higher and then connect them to your own white label platform and then trade on your own platform directly with this liquidity providers, as this is what the broker now does for you.
Hi, we advise only to choose real money accounts prop firms like us as they have the same interest as you; not to lose the account as that way you can only earn money each month. Most prop firms, or you could say 99% of the prop firms you see online, only offer virtual money accounts (demo accounts). So all prop firms who offer you challenges and need to make 8 or 10% profit target in 1 month are never real money account prop firms as they only want you to fail as not one real money prop firm will ask you to show that you can reach this profit targets in this short time as that has nothing to do with real trading or that you are a good trader as this is only asking to gamble with extremely high-risk trades! Also, instant funding prop firms are virtual money accounts prop firms as nobody in the world will give any trader real money if they do not know the trader and when all prop firms know that 95% will lose the first stage and this means that this prop firms will be bankrupt within weeks! Then you have a group of prop firms who use a B-Book unregulated or offshore broker, and these also are demo accounts even if they show a live server, but these prop firms work with brokers who trade against their own prop traders and do not place your traders in the real market and connected with real liquidity providers. Make sure your prop firm places their orders by A-Book regulated broker in the US, UK, EU or Australia and that these prop firms get real proof from genuine big bank liquidity providers like we get from our broker: luxtradingfirm.com/wp-content/uploads/2021/09/Lux.Letter.Authenticity-1.pdf
Sorry to hear from you, and we welcome you to our program soon. Many traders did not know what is happening behind this type of prop firm and still are the same type of prop firm, but many traders do not want to see it and prefer to go for the best offers even if they are too good to be true! Also, they think that many of these prop firms have investors, but nobody asks how this investor makes money! The prop firm and these investors can't make it on profit share because they give 90% away. Banks, hedge funds and asset management companies trade 99% of the world capital, and when an investor gives his money to them, he receives a 60-80% profit split, so why would they choose for 10% profit split in a prop firm! The standard legal prop firms all trade with their capital and their regulated brokers and liquidity providers and own traders on real money accounts the way we do. All other ways are nothing more than virtual money games on demo accounts and who pay out their winning traders from collecting the fees and not from investors or copy their traders to their real accounts or sell their data!
Golden information, thank your for re-centering where I know my focus needs to be regarding brokers and prop firms.
Well done, lux. I am still trying to transfer my fees. My stringent banking policies here. I believe it will be resolved.
If banking is difficult try with crypto payment.
first question does your firm accept eas? and if so does your provider have good tick history data
We do accept EA's. For more information please head to our trading rules page, or reach out to our 24/5 livechat.
What about off-risk and on-risk (MM activities).
Hi Freddy, what do you mean by this? off-risk and on-risk (MM activities)!
MM activities :
Off-risk: Connect HNWI to exchange.
On-risk: Provide liquidity.
@@fredkanyama You can check our broker liquidity providers and HNWI that all this is covert for Off-risk and On-risk.
how can I know if a prop firm provide me a demo or a real account or they not trade against me even if they provide me a real account ?
The only way to know is to ask proof from your prop firm as we do. We trade with a regulated A-Book broker who provides proof that they place your trades in the market by genuine big bank liquidity provider: ruclips.net/video/v8vcptIatE8/видео.html and who also confirm to do this for our traders: luxtradingfirm.com/wp-content/uploads/2022/11/Lux.Letter.Authenticity-1.pdf
Most B-book brokers don't want you to ask this question
If you're managing high funds like 1 million or 2 million to trade in forex market as an individual, which one to trade with, retail broker or a liquidity provider platform? And which one is the best in them???
Hi Levi, as a retail trader you will always need to use a broker to be connected to a pool of liquidity providers. Also, you do not want to only trade with one liquidity provider and therefore the best brokers to use are the ones who offer an A-Book model and proof you that they place your traders by the real big bank liquidity providers pool as our broker Global Prime do. We have asked our broker to provide our traders with proof of this by this statement of Global Prime: luxtradingfirm.com/wp-content/uploads/2021/09/Lux.Letter.Authenticity-1.pdf
Deutsche, ubs, jp , etc are all A book model?
@@Levi-mz7ei They are the big bank liquidity providers I mean in my answer before and what our broker uses. An A-book model means that the broker forward your trades to these liquidity providers and do not trade against you as that is called a B-book model and that is what most retail traders get when opening a small retail live account by many brokers. We had a clear request by our broker that we will not work with them if our traders do not get filled by these liquidity providers and they even can show proof of each trade when you request this.
@@LuxTradingFirm oh.. so is there way to have day trading or like scalping account with these liq providers directly for individual without the broker?
@@Levi-mz7ei Yes you can, only you would need to order a white-label platform like MT4 or C-Trader and then you would need to set up a liquidity pool accounts by all these liquidity providers from a minimum account size of 100k or higher and then connect them to your own white label platform and then trade on your own platform directly with this liquidity providers, as this is what the broker now does for you.
Due to your own research....which propfirms should we be putting into consideration
Hi, we advise only to choose real money accounts prop firms like us as they have the same interest as you; not to lose the account as that way you can only earn money each month. Most prop firms, or you could say 99% of the prop firms you see online, only offer virtual money accounts (demo accounts). So all prop firms who offer you challenges and need to make 8 or 10% profit target in 1 month are never real money account prop firms as they only want you to fail as not one real money prop firm will ask you to show that you can reach this profit targets in this short time as that has nothing to do with real trading or that you are a good trader as this is only asking to gamble with extremely high-risk trades! Also, instant funding prop firms are virtual money accounts prop firms as nobody in the world will give any trader real money if they do not know the trader and when all prop firms know that 95% will lose the first stage and this means that this prop firms will be bankrupt within weeks! Then you have a group of prop firms who use a B-Book unregulated or offshore broker, and these also are demo accounts even if they show a live server, but these prop firms work with brokers who trade against their own prop traders and do not place your traders in the real market and connected with real liquidity providers. Make sure your prop firm places their orders by A-Book regulated broker in the US, UK, EU or Australia and that these prop firms get real proof from genuine big bank liquidity providers like we get from our broker: luxtradingfirm.com/wp-content/uploads/2021/09/Lux.Letter.Authenticity-1.pdf
I'm one of the many who got scammed by Funding Talent and I will be trading with Lux in the near future.
Sorry to hear from you, and we welcome you to our program soon. Many traders did not know what is happening behind this type of prop firm and still are the same type of prop firm, but many traders do not want to see it and prefer to go for the best offers even if they are too good to be true!
Also, they think that many of these prop firms have investors, but nobody asks how this investor makes money! The prop firm and these investors can't make it on profit share because they give 90% away. Banks, hedge funds and asset management companies trade 99% of the world capital, and when an investor gives his money to them, he receives a 60-80% profit split, so why would they choose for 10% profit split in a prop firm!
The standard legal prop firms all trade with their capital and their regulated brokers and liquidity providers and own traders on real money accounts the way we do. All other ways are nothing more than virtual money games on demo accounts and who pay out their winning traders from collecting the fees and not from investors or copy their traders to their real accounts or sell their data!