Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
The Concept Trading is a prop firm with a maximum funding of $50M in scaling opportunities. TCT provides instant funding programs and a profit split of up to 90%, in addition to 6 tradable markets [Forex, metals, energy sources, cryptocurrencies, commodities, indices.]
The Concept Trading offers leverage of up to 1:200 in 4 evaluation programs [Traditional, Premier, Empire, Xtreme,] all of them operating on a 1-phase basis.
The instant funding is available through the first 3 mentioned models. The profit target starts from 6% in Traditional and Xtreme.
The Concept Trading Review: Benefits & drawbacks and trading rules
Company Information Overview
The Concept Trading, an Australian-based prop trading firm that was founded in 2021. There's not much information available about the company, but it's located at Tower 2, Suite 01, 55 Plaza Parade, Maroochydore, QLD 4558.
Summary Of Important Specifics
The Concept Trading offers a range of features designed to attract and retain traders. Here's a quick overview:
Account Currency
USD, AUD
Minimum Price
$97
Maximum Leverage
1:200
Maximum Profit Split
90%
Instruments
Forex, Metals, Energy Sources, Cryptocurrencies, Commodities, indices
Assets
Not Specified
Evaluation Steps
1-Step, Instant Funding
Withdrawal Methods
Wise, Crypto, Bank Transfers
Maximum Fund Size
$50M
First Profit Target
From 6%
Max. Daily Loss
N/A
Challenge Time Limit
Unlimited
News Trading
Yes
Maximum Total Drawdown
Up to 10%
Trading Platforms
MetaTrader 4, MetaTrader 5
Commission Per Round Lot
$7 per Round Lot for Pro Spreads
None for Normal Spreads
Trustpilot Score
4.5/5
Payout Frequency
Weekly
Established Country
Australia
Established Year
2021
Pros and Cons
Like any trading platform, The Concept Trading has its advantages and disadvantages. Here's a balanced look at what traders can expect:
Pros
Cons
High Scaling Potential (Up to $50M)
Higher Fees For Some Programs Compared To Other Prop Firms
Instant Funding Options Available
No Vast Offerings in Educational Content
No Restrictions on Trading Strategies
-
90% Profit Sharing
-
Funding Sizes and Program Prices
The Concept Trading offers a vast range of various funding models to suit different traders' needs and budgets. Here's a breakdown of their offerings in 4 programs:
The Concept Trading Traditional Program
Starting Funds
Price
$1,000
$97
$1,500
$147
$2,000
$197
$2,500
$247
The Concept Trading Premier Program
Starting Funds
Price
$3,000
$297
$5,000
$497
$10,000
$997
$17,000 (Instant Funding)
$1,197
$25,000
$2,497
The Concept Trading Empire Program
Starting Funds
Price
$10,000
$997
$25,000
$2,497
$50,000
$4,997
$50,000 (Instant Funding)
$5,996
$100,000
$9,997
$200,000
$19,997
The Concept Trading Xtreme Program
Starting Funds
Price
$10,000
$300
$20,000
$600
$20,000 (Instant Funding)
$720
$50,000
$2,000
$100,000
$5,000
The Concept Trading Scaling Program
The Concept Trading applies a monthly scaling model where consistently profitable traders can grow their funded accounts by 25% every month. Payouts are processed weekly, with the first withdrawal allowed just 14 days after receiving the funded account.
Profit shares begin at 50% and can increase to a maximum of 90% as the trader progresses.
Signing Up and Authorization Tutorial
Joining The Concept Trading is a fast-track process built for prop traders who want immediate access to funded trading challenges. The process aligns with KYC/AML standards and supports customizable setups based on trading style and platform preference.
#1 Select Your Funding Program
Visit the official The Concept Trading website and click on “Get Funded”. Browse through available funding options and choose the one that best fits your trading goals.
Click the specified button in The Concept Trading website to start registration
#2 Configure Account Details
After selecting your program, customize your setup by choosing the following:
Trading platform
Account currency
Spread model
#3 Proceed to Checkout
Click on “Checkout” and provide your personal information, including:
Full name
Email address
Country of residence
Physical address
#4 Pay the Program Fee
Choose a supported payment method (credit/debit card, e-wallet, etc.) and complete the payment to officially enroll in the selected program.
#5 Verify Your Identity
Upload the required documents for KYC, including:
A valid government-issued ID
Proof of address (such as a utility bill or bank statement)
A selfie while holding your ID for identity confirmation
Once your documents are approved, your funded account will be activated, and you can start trading under The Concept Trading’s challenge conditions using platforms like MetaTrader or others provided.
The Concept Trading Evaluation Models
Evaluation programs are one of the main factors to consider when choosing a prop trading firm. TCT provides various options by offering 4 distinct programs. These models are 1-step, and three of them (Premier, Empire, Xtreme) provide an instant funding option:
Program Type
Traditional
Premier
Empire
Xtreme
Scaling
70%
Approx. 50%
80%
Trading Days
Unlimited
Leverage
200
30
Profit Target
6%
7%
10%
6%
Max. Drawdown
4%
5%
10%
3%
Overall, the evaluation rules on this prop firm are more difficult than the average in the industry.
Does The Concept Trading Prop Firm Offer Any Bonuses And Promotions?
As of the latest information available, the firm does not offer any specific bonuses or promotions. However, like many other prop firms, there are discount codes on the web and official sources. Currently, you can use code [MONSETER30] for a 30% discount on select programs.
The Concept Trading Rules
The Concept Trading offers a flexible trading environment with no restrictions on trading strategies like EAs, hedging, Martingale, and Arbitrage. Traders are free to operate during news events and use automated systems to optimize their trading approaches.
VPN Usage
The firm places no limitations on using a VPN for trading. Traders are free to use a VPN without concerns about IP address matching during any stage of their trading process.
Hedging
No restrictions are imposed on hedging strategies. The firm allows traders to employ any trading technique, including hedging, to suit their individual trading preferences.
Expert Advisors (EA)
The Concept Trading welcomes traders who use Expert Advisors, algorithms, and scalping strategies. There are no prohibitions on the use of automated trading tools, and the firm encourages traders who can generate consistent profits to join their platform.
Martingale and Arbitrage Strategies
The firm does not impose any specific rules on Martingale or Arbitrage strategies. Traders have complete flexibility to utilize these strategies if they align with their trading approach.
News Trading
News trading is fully supported by the firm. Traders are allowed to take positions based on news events, without any restrictions on opening or closing trades during high-impact news releases.
Trading Platforms
The Concept Trading provides traders with access to two of the most popular and powerful trading platforms in the industry, which are MetaTrader 4 and MetaTrader 5. Key Features:
These platforms don't need much introduction since almost every trader has worked with them. The choice between MT4 and MetaTrader 5 often comes down to personal preference and the specific instruments a trader focuses on.
TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.
Which Instruments Are Tradable with The Concept Trading?
The company offers a diverse range of tradable assets via its partner brokers. Traders can access:
This wide selection allows traders to diversify their portfolios and take advantage of different market conditions.
Payout and Payment Options
The Concept Trading offers a variety of payment methods to accommodate traders from different regions and with different preferences. Payments:
Credit/debit cards
PayPal
Crypto transactions
Payouts:
Wise platform
Bank transfers
PayPal
Cryptocurrency payments
TCT's website does not go into detail about payment options, and it only provides an overall image.
Does The Concept Trading Charge Any Commissions on Trading?
Knowing about the fee structure is critical when choosing a prop firm. There are two options while purchasing a program on TCT: Normal Spreads & Pro Spreads.
Pro: A $7 per round lot charged by the broker with tighter spreads
Normal: No commission on trading in cost of wider spreads
There are no specific data about the commissions and costs on other operations with the firm.
Education and Guides
The Concept Trading doesn't offer an extensive educational section, and they provide limited resources purposed for traders' education:
FAQ Section: Covers common questions about account types, funding process, trading rules, etc.
Blog: Weekly market reviews
The blog section with market reviews on The Concept Trading website
Traders looking for extensive educational content may need to supplement with external sources.
User Reviews and Trust Scores
Evaluations made by users and experts on websites such as Trustpilot can provide valuable insights into a prop firm's reputation. Let's discuss these ratings:
The Concept Trading's trust scores and reviews on Trustpilot
REVIEWS.io: 4.3/5, an average of over 30 scores, with 82% of reviewers recommending the company
The Concept Trading has received high scores on REVIEWS.io
Overall, The Concept Trading has received positive and decent trust scores on reputable websites. It's important to note that trust scores can fluctuate and should be considered alongside other factors when evaluating a prop firm.
How and When to Contact The Concept Trading's Support
Customer support is a critical section in any trading firm. The Concept Trading offers several channels for customer assistance:
Ticket System: Available for everyone on the website
Email: admin@theconcepttrading.com
Phone: +61 7 4599 3855
Live Chat: Accessible for anyone via the website
There's no information regarding the support team's working hours on the website. However, during our contact with them, they stated that "the live chat is open 24/7".
Social Media Channels and Accounts
In today's digital age, a strong social media presence can be indicative of a company's engagement with its community. The Concept Trading maintains profiles on several social media platforms:
Click the specified button in The Concept Trading website to start registration
