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Top 100+
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The Concept Trading Review 2024
Minimum
deposit:
deposit:
- $77
Trading platform:
- MetaTrader4
- MetaTrader5
Regulation:
- ASIC
Minimum
deposit:
deposit:
- $77
Trading platform:
- MetaTrader4
- MetaTrader5
Trading features:
- Trading conditions are regulated by the broker
Leverage:
- Up to 1:200
Summary of The Concept Trading Trading Company
The Concept Trading is a moderate-risk prop trading firm with the TU Overall Score of 5.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The Concept Trading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. The Concept Trading ranks 20 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The Concept Trading offers accounts with high balances for professional trading in over-the-counter markets. To begin the testing process, a minimum deposit of $77 is required, while other prop trading firms offer free demo accounts.
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1
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5.7
/10
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2
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5.28
/10
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3
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6.68
/10
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The Concept Trading company specializes in proprietary (prop) trading services, providing traders with funding to trade derivatives. Available financial instruments include fiat and cryptocurrencies, indices, stocks, options, and commodities. The leverage is up to 1:200. Clients who have reached the target profit and have not violated the rules get accounts with deposits from $1,125 to $20,000,000. In August 2021, the company was licensed by ASIC (Australian Securities and Investments Commission), which is still active. Additionally, the company has offices in the UK and Indonesia. The Concept Trading offers funding to traders worldwide, except residents of North Korea and Iran.
| 💰 Account currency: | USD, AUD |
|---|---|
| 🚀 Minimum deposit: | $77 |
| ⚖️ Leverage: | Up to 1:200 |
| 💱 Spread: |
On MT4 accounts from 0.9 pips; On MT5 accounts from 0.0 pips; |
| 🔧 Instruments: | Currency pairs (major, minor, crosses, exotics), FX index, energies, cryptocurrencies, metals, indices, commodities, stocks, options. |
| 💹 Margin Call / Stop Out: | 75%/50% |
👍 Advantages of trading with The Concept Trading:
- There are no daily loss limit requirements.
- The broker holds a license from ASIC.
- Prop accounts with a one-time deposit starting from $77 with a discount coupon option.
- Affiliate program offers payouts of up to 10% of the referral's payment.
- Trading on MetaTrader 4 and 5 platforms with leverage up to 1:200.
- Provision of accounts with balances up to $20 million.
- The possibility of fixing payments of 90% of the income received.
👎 Disadvantages of The Concept Trading:
- Demo is only available after depositing for the tariff plan.
- Under the standard profit distribution model, The Concept Trading takes 50% of the trader's profit.
- Complex account hierarchy with specific scaling rules.
Evaluation of the most influential parameters of The Concept Trading
Table of Contents
Geographic Distribution of The Concept Trading Traders
Popularity in
73.1%
AU
18%
US
8.9%
Others
User Satisfaction i
3 comments
Total score:
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Expert Review of The Concept Trading
The Concept Trading has been funding prop traders since 2021. It has three offices and holds a license from the ASIC, known for its strict requirements for regulated companies. Acting as executing brokers are LCM-FX and Kubera Markets, the former offers The Concept Trading clients’ accounts on the MT4 platform, while the latter is on MT5. The cTrader platform will be added soon.
Applicants for funding and in-house prop traders can trade under any model. Scalping, high-frequency trading, and algorithmic trading using advisors are allowed. The company doesn't set limits on daily allowable loss, lot size, or time frames for each evaluation stage.
However, The Concept Trading does have its downsides. The company doesn't offer a free demo account, and a trader can trade on a demo account only after paying for the provided service plan. Additionally, The Concept Trading retains a fairly high percentage of the trader's profit: 50% on all accounts if the trader hasn't locked in profits at a certain level. Other prop firms take 10%-30% of profits, making The Concept Trading not the most profitable partner for trading.
Dynamics of The Concept Trading’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The Concept Trading isn't focused on serving investors, although it doesn't prohibit the use of passive strategies to grow capital. The company allows copy trading, the use of expert advisors (EAs) and robots. In general, traders have access to any investment solutions offered by the broker servicing their accounts.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
The Concept Trading’s affiliate program:
-
Under the terms of the affiliate program, a client of The Concept Trading who invites another person receives compensation only after the referral purchases one of the service packages. The following commission rates apply for 1-5 referrals: 5% of the purchase amount; for 6-19, 7%; for 20 or more, 10%. If the referral makes an additional payment within 180 days, the referring partner receives 5% of the transaction amount.
Funds are paid out once a week. You can use them to buy tariff plans/pay commissions or withdraw them by bank/cryptocurrency transfer, PayPal, and or Wise. At the beginning of a new month, the previously connected number of referrals is reset.
Trading Conditions for The Concept Trading Users
The Concept Trading’s clients can trade with leverage up to 1:200, however, the company strictly monitors adherence to risk management rules. Clients with significant turnover are required to use stop-loss orders and not to allocate more than 1% of the total account balance in a single trade. If these rules are violated and a trader exceeds the maximum allowable drawdown level, their account is closed with no possibility of recovery. Each client can simultaneously trade on three accounts.
$77
Minimum
deposit
1:200
Leverage
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
|---|---|
| 📊 Accounts: | Traditional, Premier, Three Over Three (including 3 On the Tree, 4 On the Floor, Automatic, and Paddle), and Empire), |
| 💰 Account currency: | USD, AUD |
| 💵 Replenishment / Withdrawal: | Deposit: PayPal, Credit Cards, CryptopayWithdrawal: bank transfer, Wise, PayPal, Cryptopay |
| 🚀 Minimum deposit: | $77 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 (МТ4), and 0.001 (МТ5) |
| 💱 Spread: |
On MT4 accounts from 0.9 pips; On MT5 accounts from 0.0 pips; |
| 🔧 Instruments: | Currency pairs (major, minor, crosses, exotics), FX index, energies, cryptocurrencies, metals, indices, commodities, stocks, options. |
| 💹 Margin Call / Stop Out: | 75%/50% |
| 🏛 Liquidity provider: | Liquidity providers of LCM-FX and Kubera Markets brokers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Instant (MT4) and Market (MT5) |
| ⭐ Trading features: | Trading conditions are regulated by the broker |
| 🎁 Contests and bonuses: | Discount coupons |
Comparison of The Concept Trading to other prop firms
| The Concept Trading | Topstep | FTMO | Funded Trading Plus | TopTier Trader | The Trading Pit | |
| Trading platform |
MetaTrader4, MetaTrader5 | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER |
| Min deposit | $77 | $1 | $155 | $119 | $225 | $99 |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.9 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
75% / 50% | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | Market Execution, Instant Execution | ECN | Instant Execution | Market Execution | No | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| The Concept Trading | Topstep | FTMO | Funded Trading Plus | TopTier Trader | The Trading Pit | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | No | Yes | Yes | Yes | Yes |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | Yes | No | No | No | Yes | No |
The Concept Trading Commissions & Fees
Information
Joining The Concept Trading programs requires a one-time subscription payment of $77-$49,997. After receiving funding, the trader is paid 50% or 90% of the profits earned and the company takes the rest of the funds. The size of the trading commission depends on the terms and conditions of the executing broker. MT4 accounts are maintained by LCM-FX. There are 2 types of accounts available: Standard accounts with spreads from 1.8 pips and Pro accounts with spreads from 0.9 pips. MT5 accounts are provided by Kubera Markets: spreads on VIP start from 0.0 pips; on Elite, from 0.3 pips; on Micro, from 1.6 pips. The Concept Trading does not charge commissions for inactivity, depositing fees, or withdrawing profits.
| Account type | Spread (minimum value) | Withdrawal commission |
| МТ4 Standard | From $18 | No |
| МТ4 Pro | From $9 | No |
| МТ5 Micro | From $0.16 | No |
| МТ5 Elite | From $3 | No |
| МТ5 VIP | From $0 | No |
Detailed review of The Concept Trading
The Concept Trading is a young prop trading company, but its team has over 20 years of experience in financial markets. Its clients receive funding to trade on the most convenient platform for trading, MetaTrader. There are no restrictions on trading styles and strategies, which, combined with the use of leverage, allows traders to significantly expand their opportunities. For its client-oriented solutions, The Concept Trading was recognized as the Best Australian Prop Trading Company of 2023 at the Global Banking & Finance Awards.
The Concept Trading by the numbers:
-
The company has 3 registered offices.
-
The company offers 18 types of accounts.
-
Leverage is up to 1:200.
-
There are over 300 financial instruments for trading.
-
Simultaneous trading on 3 accounts.
The Concept Trading is a company that specializes in prop trading
The company does not set limits on daily drawdowns, but traders must adhere to maximum drawdown requirements. For different accounts, the value ranges from 5% to 10%. Additionally, The Concept Trading does not set time limits for completing the evaluation as it ends once the trader reaches the profit target. While the company doesn't impose penalties for prolonged task completion, accounts are closed after 6 months of inactivity, as The Concept Trading is interested in traders engaging in regular trading.
Clients can use any strategy. If a trader successfully trades on the company's funds in the real market, their account balance increases by 50%-100% after reaching a profit target of 5%-10% of the existing capital. Prop traders receive 50% of their earned profits on all accounts. A client can increase payout rates and fix income at 90% if they don't wish to raise the account level and the amount of allocated funding.
The Concept Trading’s analytical services:
-
A blog with market technical analysis.
-
Individual online sessions with trading coaches.
-
Profiles on Instagram, Facebook, and Twitter with market data, newsfeeds, and useful information for traders.
Advantages:
1
Traders can open trades of any volume.
2
No requirements on the number of simultaneously open orders.
3
Cryptocurrency trading is available 24/7.
4
Convenient and fast deposit methods.
5
No penalties for inactive trading
6
Account opening within 24 hours.
Verification is not mandatory during the evaluation stage. Documents can be uploaded after switching to a real account or before submitting the first withdrawal request.
Guide on how traders can start earning profits
After paying according to the selected plan's conditions, the trader becomes an Intern and starts trading on a demo account with virtual funds, so profits are not paid out. After reaching the profit goal set by The Concept Trading, the account is transferred to the trading server to execute trades with the company's real funds. As the account balance grows, the reward increases. The larger the initial contribution made by the trader, the more funding they can qualify for.
Account types:
Account Type
Description
Traditional
Offers accounts with funding up to $7.5 million. Available levels are Junior Associate, Floor Manager, Assistant Manager, and Manager. One-time fee of $77-$497.
Premier
Offer accounts with provided funds up to $5 million. The activation fee is $297-$2,497 depending on the account status. Available levels are Associate, Director, Executive, or CEO.
Three Over Three
This plan offers accounts with balances up to $2 million. Package cost is $197-$1,597. Access levels are 3 On the Tree, 4 On the Floor, Automatic, and Paddle.
Empire
Offers accounts with funding up to $20 million. The initial fee for the tariff plan is $997-$49,997. Accounts are assigned one of 6 levels — Spanish, British, Mongol, Incan, Aztec, or Roman. The largest amount of funding The Concept Trading allocates is to Empire’s Roman accounts.
Traders can test the broker's conditions on a demo account of the trading platform.
The Concept Trading offers many versions of accounts, including accounts for interns with a virtual deposit.
Bonuses from The Concept Trading
The only incentive offered by The Concept Trading is special discount coupons for payment of the service plan. Active offers appear on the screen when visiting The Concept Trading's official website and are also duplicated in the company's social media profiles.
Investment Education Online
Information
The Concept Trading is focused on collaborating with professional traders who do not require training. The FAQs section gathers important rules and requirements of the company for potential clients.
What’s on The Concept Trading website
What’s not on The Concept Trading website
Conditions for providing funding for professional trading
Basic data to help traders start in financial markets
Educational courses
Video tutorials and articles with trading tips for beginners
Individual mentoring sessions can be arranged to enhance trading skills. The cost of such a service is up to $97 for a 30-minute session.
Security (Protection for Investors)
Information
The activity of The Concept Trading is regulated by the Australian Securities & Investments Commission. As a private limited company, The Concept Trading with shares is registered under ACN 652 938 399.
A client can file a complaint if the prop firm violates any of the terms of the commercial agreement. It will be processed by a special department that operates under ASIC's complaint resolution rules. If the client's claim remains unsatisfied, they can turn to the Australian Financial Complaints Authority (AFCA). This organization acts as an independent party in resolving disputes between financial companies and their clients.
👍 Advantages
- Licensed by the ASIC.
- Disputes are resolved by independent auditor AFCA
- Verification can be completed after receiving funding.
👎 Disadvantages
- Executing brokers are regulated in offshore jurisdictions
- If a trading account is blocked, The Concept Trading reserves the right to deny the trader a re-evaluation attempt
- Negative balance protection is only available on retail trader accounts
Withdrawal Options and Fees
-
To request a profit withdrawal, a trader must provide documents verifying their identity and confirming the address specified in the profile.
-
A trader can request funds via bank transfer, or transaction through electronic systems like Wise or PayPal. Additionally, The Concept Trading processes cryptocurrency withdrawals. It's not possible to transfer profits to a card, even if it was used for paying the service plan fee.
-
The Concept Trading withholds 50%, or just 10% in case of fixed payouts, of the trader's profit. There are no other withdrawal fees.
Customer Support Service
Information
The company's website does not specify the support service's working hours. We sent several questions via email on a weekday and received responses within 2 hours.
Customer Support Service
👍 Advantages
- Communication with support via Discord
- Assistance over the phone
👎 Disadvantages
- A request of a call-back is not available
- Limited selection of messengers.
- Chat on the website allows communication only with a bot
If a trader needs assistance, they can use the following channels to contact a representative of The Concept Trading:
-
Chatbot on the website.
-
Phone numbers for the UK, Australia, and Indonesia.
-
Email addresses from the contact section.
-
Discord messenger.
-
Social media platforms Instagram, LinkedIn, Facebook, Twitter.
Representatives of The Concept Trading do not provide information on trading conditions, as this is handled by employees of executing broker companies.
Contacts
| Registration address | The Concept Trading UK Ltd, Bartle House, Oxford Court, Manchester M2 3WQ, United Kingdom |
| Regulation |
ASIC |
| Official site | https://theconcepttrading.com/ |
| Contacts |
Email:
admin@theconcepttrading.com,
julian@theconcepttrading.com,
uk@theconcepttrading.com,
Phone: +61 7 4599 3855, +62 21 2550 2471, +441613991892 |
Review of the Personal Cabinet of The Concept Trading
To create an account on The Concept Trading website, complete a short questionnaire and make a one-time payment. Here's a detailed guide with screenshots:
1
Go to the Prop Trading section on the website to view all available tariff plans.
2
Click on "More" under the selected plan to view its terms and conditions, as well as the account opening form. From the dropdown menus, select the trading platform (MT4/MT5) and account currency (ex., USD/AUD). Specify the account level as the initial deposit amount depends on it.
3
If you have a discount coupon for payment, enter its promo code in the corresponding field.
4
Next, fill out a short form. The company requests personal information, phone number, email, and residential address. All data must be real because you'll need to verify it later using documents, special codes, or links.
5
The payment amount is generated automatically. Select the payment system and agree to the terms of service.
6
To log in to your account, click the "Dashboard" button at the top of the website. Enter your email and password from the email in the form.
Disclaimer:
Your capital is at risk. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
How do client reviews impact The Concept Trading rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about The Concept Trading you need to go to the company's profile.
How can I leave a review about The Concept Trading on the Traders Union website?
To leave a review about The Concept Trading , you need to register on the Traders Union website.
Can I leave a comment about The Concept Trading if I am not a Traders Union client?
Anyone can post a comment about The Concept Trading in any review about the company.
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