The Concept Trading – Elite Prop Firm Review
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- Instant access to funded accounts
- Exceptional trader support and coaching
- Simplified evaluation with one phase
- Swift payouts within 24 hours
- Low minimum trading days required
- Use this Discount Code when opening your Account: TCT7
Firm Overview
The Concept Trading is an innovative proprietary trading firm that offers traders the opportunity to access substantial capital without risking their own money. Founded with the mission to empower traders worldwide, The Concept Trading stands out for its straightforward two-phase evaluation process and trader-friendly conditions. They provide both Standard and Professional challenge programs tailored to different trading styles and experience levels.
The firm supports trading across multiple financial markets including forex, indices, commodities, and cryptocurrencies through the MetaTrader 4 and 5 platforms. What distinguishes The Concept Trading is their generous profit-sharing model, offering up to 90% profit splits for successful traders, alongside scaling opportunities that allow traders to increase their capital allocation as they demonstrate consistent performance. Their evaluation process focuses on realistic trading parameters, maintaining a balance between achievable targets and proper risk management practices.
Key Features at a Glance
Challenge Fees
- $10,000 Account – $99 one-time fee for Standard Challenge, $149 for Professional Challenge
- $25,000 Account – $199 one-time fee for Standard Challenge, $249 for Professional Challenge
- $50,000 Account – $299 one-time fee for Standard Challenge, $349 for Professional Challenge
- $100,000 Account – $499 one-time fee for Standard Challenge, $599 for Professional Challenge
Account Types
- Standard Challenge: Two-phase evaluation with 8% profit target in each phase, suitable for methodical traders
- Professional Challenge: Two-phase evaluation with 10% profit target in each phase, designed for experienced traders seeking faster funding
- Funded Account: Live trading account with real capital after successful completion of both challenge phases
Profit Split Options
- Initial Split: 80% for the trader and 20% for the firm upon first achieving funded status
- Performance-Based Split: Up to 90% profit split for traders who consistently demonstrate excellent performance
- Scaling Program: Increased profit percentages available as traders prove consistent profitability
Video Review
The Concept Trading – Elite Prop Firm Review
The Concept Trading – Elite Prop Firm Review
Account Sizes
- $10,000: Entry-level account suitable for beginners starting their prop trading journey
- $25,000: Mid-tier account offering a balance of reasonable capital and challenge fee
- $50,000: Advanced account for experienced traders seeking substantial capital
- $100,000: Professional account for high-performance traders with extensive experience
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with excellent charting capabilities and extensive indicator library
- MetaTrader 5 (MT5): Advanced platform offering more timeframes, analytical tools, and economic calendar integration
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P 500, NASDAQ, and international markets
- Commodities: Access to gold, silver, oil, and other important physical goods markets
- Cryptocurrencies: Bitcoin, Ethereum, and other major digital assets with reasonable spreads
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 10% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $400,000 through the scaling program after demonstrating consistent profitability
- Scaling: 25% capital increase for every 10% profit achieved after funded status
- Trading Competitions: Monthly competitions with prizes for top-performing traders
- Free Trial: Demo account available to experience the platform before purchasing a challenge
- Profit Targets: 8% for Standard Challenge, 10% for Professional Challenge in both phases
- Drawdown Structure:
- Daily: 5% maximum loss allowed in a single trading day
- Maximum: 10% total account drawdown from starting balance
- Trailing: Based on highest achieved equity, protecting profits as they accumulate
Trading Rules and Requirements
- Minimum 5 trading days required in both challenge phases
- News trading allowed but at trader’s own risk
- Weekend holding of positions permitted
- Scaling-in allowed, but pyramiding should be done responsibly
- No hedging restrictions
- No minimum trading volume requirements
- Position sizing must adhere to risk management parameters
- EAs and algorithmic trading permitted
Company Information
- Founded: 2019
- Headquarters: London, United Kingdom
- Support Hours: 24/5 via email and live chat
- Available Languages: English, Spanish, French, German
- Regulatory Status: Operates as a proprietary trading firm
- Educational Resources: Trading webinars, blog articles, and video tutorials
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Neteller (1-2 business days)
- Bitcoin/Cryptocurrency (1-2 business days)
Trading Commissions
- Forex: Standard industry spreads with no additional commission
- Indices: Competitive spreads with no additional commission
- Commodities: Market standard spreads
- Cryptocurrencies: Variable spreads depending on market conditions
- No hidden fees or additional charges for trading
IP Rules
- Traders can use up to 3 different IP addresses
- VPNs are allowed but must be disclosed prior to use
- Multiple account access from the same IP requires approval
- Mobile trading from different locations is permitted
- Significant IP changes must be communicated to support in advance
Unique Features
Scaling Program
- 25% account size increase for every 10% profit generated
- Maximum scaling up to $400,000 from initial account
- No additional fees required for scaling
- Profit split increases with consistent performance
Risk Management Tools
- Real-time equity tracking dashboard
- Automated warning system for approaching drawdown limits
- Trade analysis tools to help improve performance
- Educational resources focused on proper risk management
Why Choose The Concept Trading?
The Concept Trading stands out in the competitive prop firm landscape by offering a balanced evaluation process that’s challenging yet achievable. Their focus on sustainable trading rather than unrealistic profit targets creates an environment where skilled traders can thrive.
Key advantages include:
- No time limits on challenge phases, allowing traders to demonstrate skill without rushing
- Generous scaling program that rewards consistent performance
- Up to 90% profit splits for successful traders
- Flexible trading conditions with few restrictions on strategies
- Reasonable challenge targets (8-10%) compared to industry standards
- Comprehensive educational resources and support
- Transparent fee structure with no hidden costs
Frequently Asked Questions
How long does it take to get funded?
This depends entirely on your trading performance. Since The Concept Trading doesn’t impose time limits on their challenges, you can complete them at your own pace. Most successful traders typically complete both phases within 1-3 months. Once you’ve passed both the Challenge and Verification phases, account setup and funding typically takes 1-3 business days.
Can I hold positions over the weekend?
Yes, The Concept Trading allows weekend holding of positions. However, traders should be aware of potential weekend gaps and increased volatility when markets reopen. It’s recommended to manage your risk appropriately when holding positions through closed market periods.
What happens if I break a rule?
If you violate any of the trading rules (such as exceeding maximum drawdown limits), your challenge will be terminated automatically. For minor violations, The Concept Trading may issue a warning first. In cases where traders consistently demonstrate good faith efforts and accidentally break a rule, support may consider appeals on a case-by-case basis.
Can I trade news events?
Yes, news trading is allowed. The Concept Trading doesn’t restrict trading during high-impact news events. However, they recommend caution as these periods often experience extreme volatility and wider spreads which can lead to significant slippage and unexpected losses.
How often can I withdraw profits?
Once funded, profit withdrawals can be requested on a bi-weekly basis (every two weeks). The minimum withdrawal amount is $100, and profit calculations are based on the performance since the last withdrawal period. The withdrawal process typically takes 1-5 business days depending on your chosen payment method.
