The Concept Trading Review
3.3

The Concept Trading Review

The Concept Trading is a forex prop firm with an attractive Two-step challenge. They offer up to $1,000,000 in funding to traders.

The Concept Trading is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Pros
  • Quick Scaling: This company enables quick scaling for all funding models, with profit-determining scalability instead of time intervals
  • High Leverage: Providing an industry-best leverage of up to 1:200, which is especially helpful for scalping tactics
  • Large Maximum Funding Capability: Traders can reach noteworthy seven- or even eight-figure balances
Cons
  • The maximum drawdown for most accounts is typically set at 5%
  • Exception: Premier or Challenge accounts’ initial phase has a maximum drawdown of 10%

What is The Concept Trading?

Concept Trading is a reputable company that provides various funding models including educational materials. The organization is dedicated to establishing robust and mutually advantageous connections with traders. Established in Australia in 2021 by CEO Thomas Grayson and CTO Max Eason, who possess a total of 20 years of business experience.

Concept Trading works under an ASIC License issued by the Australian Securities & Investment Commission, allowing the company to offer financial services. This license is essential for running a financial company in Australia and requires a comprehensive assessment of the company’s proficiency in certain financial services, its financial capabilities, and its capacity to fulfill the responsibilities of an AFS licensee.

logo of The Concept Trading.

The Concept Trading Funding Programs and Challenges: Rules and Requirements 

The company offers three different funding models: Traditions, Premier, and Challenge. Each has its own set of guidelines.

Traditional – Single Phase Challenge

The Challenge account is a one-phase challenge where traders start with an “intern” phase and try to make a 5% profit. They receive 50% of profits (which rises to 90%) after they attain this goal. Additionally, traders receive an additional 50% of their capital after meeting every 5% profit target; there are no daily drawdowns or time restrictions.

Premier – Instant Funding Account

With the Premier option, traders can start making money on their first trade right away because it gives quick funding. With a 90% profit split and one of the fastest development plans in the sector, capital doubles for every 7% profit target met. The President account allows traders to invest up to $10 million, with prices starting at $300 for $3000 of quick capital. Furthermore, based on the 90% lock rule, traders can lock into a specific level to collect 90% of profits at any time.

The allure of The Concept of Trading stems from its limited trading constraints, providing traders with flexibility. Here is a summary of the fundamentals:

  • News trading is allowed without limitations.
  • All forms of bots, expert advisors, as well as other algorithmic trading strategies are allowed.
  • Carrying positions overnight along with the weekend is permitted in all programs.
  • This firm allows copy trading.
  • All trading styles are welcome in all programs, promoting inclusivity for a variety of trading strategies.

The Concept Trading Broker: Do They Use a Reliable Platform? 

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The Concept Trading accounts exclusively utilize the MetaTrader 4 platform as the main trading platform for traders. Efforts are being made to make MetaTrader 5 and CTrader platforms compatible shortly, which would provide traders with additional choices.

The MetaTrader 4 platform provides strong functionality and a variety of tools for trading, while the MetaTrader 5 and CTrader platforms offer more capabilities and enhancements to meet the changing requirements of traders in the financial sector.

The MetaTrader 5 platform offers enhanced trading features such as more financial instruments support, faster execution speeds, updated charting tools, and a wider range of technical analysis indicators. MetaTrader 5 has multi-asset trading capabilities that allow traders to access a wide variety of markets, such as stocks, futures, options, currencies, and commodities. The platform provides advanced algorithmic trading solutions that enable traders to streamline their tactics with increased precision and efficiency.

CTrader is a well-liked trading platform recognized for its user-friendly interface, sophisticated charting capabilities, and extensive order management tools. The platform offers access to a variety of trading instruments & liquidity sources, guaranteeing affordable rates and smooth order execution for different asset classes.

Traders can choose between MetaTrader 4, MetaTrader 5, and CTrader based on their preferences for familiarity or advanced capabilities, allowing them to select the platform that aligns with their trading style and goals. The brokerage is dedicated to offering continuous support and upgrades for all platforms to guarantee a smooth and dependable trading experience for its clients.

The Concept Trading Fees: How Much Do They Charge? 

Profits are distributed for the “Traditional” and “Premier” account after they meet designated targets of 10% and 7% respectively. Traders can select a specific level and receive weekly payments thereafter. 

Challenge accounts receive weekly rewards without a minimum payment requirement. Various payment methods are available for added convenience, such as: 

  1. Bank transfer 
  2. DEEL
  3. Wise
  4. PayPal
  5. Cryptocurrency transactions 

This efficient method guarantees that traders have multiple options to obtain their gains swiftly and effectively, tailored to their preferences and requirements.

The Concept Trading Proof of Payment:

This firm is required to show its financial ability to cover operational costs in compliance with regulations. JP Markets, an Australian financial services company, provides the necessary capital to ensure this guarantee.

The Concept Trading Customer Support: 

Concept Trading values strong customer support services to help partner traders promptly answer their complaints and inquiries. The company provides multiple avenues for clients to reach their technical support team, guaranteeing easy access to assistance. 

Contact Information:

There are many methods to obtain assistance. For example:

  • Email: Admin@theconcepttrading.com.au
  • Phone number: +61 7 4599 3855
  • Live chat is located at the corner of the website

Therefore, Concept Trading is present on various social media platforms. These consist of

  • Discord
  • Facebook 
  • Instagram 
  • YouTube 
  • Twitter 

What Makes Concept Trading Unique? 

While I can list out several things that make

  • 90% Lock Rule

The Concept Trading provides a distinctive feature called the “90% lock rule,” allowing traders to choose a specified capital level and secure it. After completion, traders will receive 90% of profits without any additional scaling up. Traders using challenge accounts qualify for weekly payments rather than having to wait for each 5% profit milestone.

The Concept Trading Reviews: What Do Their Customers Say?

The Concept Trading is rated 4.7 out of 5 ratings on Trustpilot. They are situated on the platform’s magnificent stage. In total, 213 reviews have been submitted by customers on Trustpilot. 

The Concept Trading Trustpilot

#1. Kenneth asserts that The Concept Trading is by far the finest among prop firms. Since he began utilizing Concept some time ago, he has found them to be extremely trustworthy in all that they do. They have, on numerous occasions, exceeded expectations.

Their assistance is outstanding. Payouts are quick and simple. Being in Australia as well as the fact that they are governed by the ASIC along with Australia are both advantageous for me.

The Concept Trading complaints

#2. As stated by Joe Vella, an excellent platform, and the operation of The Concept Trading is straightforward to grasp. Best opportunities for those attempting to obtain a funded account, and they are also quite equitable. There is no requirement for daily trading or meeting targets by specific dates. 

The Concept Trading reviews by Joe

#3. As per TY’s report, The Concept Trading’s level 1 was completed with the 10% maximum drawdown incentive. However, level 2 is somewhat challenging due to the doubling of the account and the reduction of the drawdown to a maximum of 5%; therefore, increasing the lot size is not possible at this time. 

As a result, the maximum risk must be halved for those who employ an EA, as the EA becomes more aggressive as the account balance increases. The subsequent tier doubles the account balance once more, with a maximum drawdown of 5%.

The Concept Trading review

#4. JJ asserts that he purchased an account and was informed he had violated drawdown rules even though the automated stop-out had not been activated and he had not been notified of the breach. 

The problem was resolved by obtaining a complimentary new account from the organization. Despite having compromised the account, he has yet to receive the breach notification.

The Concept Trading reviews on Trustpilot

#5. Banana Cute disclosed that he computed every profit and DD. It transpires that whoever provided them with the funds now forfeits the entire amount, as 50% of the payment is equivalent to their 5% DD. This means that should anyone incur a 5% loss on their account, they will forfeit the entire 50% of what they paid. However, it’s worth highlighting that there aren’t many negative reviews on The Concept Trading.

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Conclusion

In summary, The Concept Trading is an appealing opportunity for traders looking to rapidly increase their profits without any time constraints. The platform offers outstanding resources for learning and coaching, a rare feature in the proprietary trading business sector. 

This guarantees that traders obtain valuable assistance. Furthermore, its absence of trading constraints distinguishes it from other companies with intricate regulations. Overall, it is a superb option for anyone looking to increase their trading capital.

Account size up to:
$1,000,000
Leverage Up to 1:200
*Choose your account type and start trading

4.0
Fees
3.0
Trading Platforms
3.0
Deposit and Withdrawal
3.0
Customer Support
3.3 Overall Rating

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The Concept Trading Review
3.3/5
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