Sway Funded vs The Concept Trading: Elite Prop Firms Comparison
Published: · Last updated:
By JoinProp
Introduction
Sway Funded and The Concept Trading represent two prominent players in the proprietary trading firm industry, each offering funded trading opportunities with distinct approaches. Sway Funded stands out for its transparent evaluation process and generous profit splits, earning a 4.1/5 Trustpilot rating from satisfied traders. The Concept Trading, with its 4.6/5 Trustpilot rating from 443 reviews, differentiates itself through innovative trading concepts and comprehensive educational resources that support traders at various experience levels. Both firms provide pathways to trade with significant capital without personal risk, though their assessment criteria, program structures, and pricing models reflect their unique trading philosophies.
Quick Facts
| Feature | Sway Funded | The Concept Trading |
|---|---|---|
| 
| |
| Founded | 2024-02 | 2021 |
| Profit Split | The Programmes - Regular (2-phase): 80% The Programmes - Rapid (1-phase): 80% The Programmes - Instant: 55–75% only | Payouts: 50% at every level except the top, where it is 90% |
| Maximum Account Size | $200,000 | $5,000,000 |
| Evaluation Phases | 2 | Not available |
| Trustpilot Rating | Not available | 4.7 |
| Expert Grade | 8.1 | 9.1 |
Program Types
| Program | Sway Funded | The Concept Trading |
|---|---|---|
| Entry Level Program | Yes | AUD 65 |
| Advanced Program | Yes | AUD 19997 |
| Scaling Options | Yes | Yes |
| Demo Account | Yes | Yes |
Rules & Assessment
| Criteria | Sway Funded | The Concept Trading |
|---|---|---|
| Profit Target | The Programmes - Regular (2-phase): 10% then 8% The Programmes - Rapid (1-phase): 15% The Programmes - Instant: 8 / 12 / 16% step targets | The Product Line - Traditional: 6% The Product Line - Premier: 7% The Product Line - Empire: 10% The Product Line - Xtreme: 6% The Product Line - Foundation: 10% then 5% |
| Maximum Drawdown | The Programmes - Regular (2-phase): 10% (20%) The Programmes - Rapid (1-phase): 10% (20%) The Programmes - Instant: 8% | The Product Line - Traditional: 4% static The Product Line - Premier: 5% static The Product Line - Empire: 10% static The Product Line - Xtreme: 3% static The Product Line - Foundation: 6% static |
| Minimum Trading Days | The Programmes - Regular (2-phase): 12 total The Programmes - Rapid (1-phase): 8 The Programmes - Instant: 8 | Not available |
| News Trading | Yes | Yes |
| Daily Loss Limit | The Programmes - Regular (2-phase): 5% (10% with add-on) The Programmes - Rapid (1-phase): 5% (10%) The Programmes - Instant: 3% | The Product Line - Traditional: None The Product Line - Premier: None The Product Line - Empire: None The Product Line - Xtreme: None The Product Line - Foundation: None |
| Consistency / Best Day Rule | The Programmes - Regular (2-phase): None The Programmes - Rapid (1-phase): None The Programmes - Instant: 20% | Not available |
Fees & Pricing
| Option | Sway Funded | The Concept Trading |
|---|---|---|
| CFD $5K Account | Not listed in review pricing source | Foundation / AUD 65 / One-time Foundation 2-phase programme; Foundation caps at 25K. Source Checked 2026-08-09 |
| CFD $10K Account | Listed challenge / USD 66 / One-time | Foundation / AUD 110 / One-time Foundation 2-phase programme; Foundation caps at 25K. Source Checked 2026-08-09 |
| CFD $25K Account | Listed challenge / USD 156 / One-time | Foundation / AUD 260 / One-time Foundation 2-phase programme; Foundation caps at 25K. Source Checked 2026-08-09 |
| CFD $50K Account | Listed challenge / USD 289 / One-time | Not listed in review pricing source |
| CFD $100K Account | Listed challenge / USD 499 / One-time | Not listed in review pricing source |
| CFD $200K Account | Listed challenge / USD 849 / One-time | Not listed in review pricing source |
| Refund Policy | Refundable challenge fees upon first profit withdrawal | No |
| Coupons / Discount | Sway Funded discount | The Concept Trading discount |
Platforms & Markets
| Feature | Sway Funded | The Concept Trading |
|---|---|---|
| Trading Platforms | Sway Charts, Sway Charts Pro, Liquid Charts, Liquid Charts Pro | MetaTrader 5 (Platform 5), TradeLocker |
| Forex | Yes | Yes |
| Stocks | Yes | Not available |
| Indices | Yes | Not available |
| Commodities | Yes | Not available |
| Cryptocurrencies | Yes | Yes |
| Bonds | Not available | Not available |
| EA/Algo Trading | No | Yes |
Payout
| Feature | Sway Funded | The Concept Trading |
|---|---|---|
| Payout Terms | Bitcoin, Ethereum, USDT (1.5% withdrawal fee, typically 24 hours) | Once per calendar month (Bank transfer, Crypto, Revolut, PayPal) |
| See all prop firm payouts → | ||
| Payout Cap | Not available | Payouts: The Payout Matrix figure for your level - excess profit is not payable |
Verdict
| Key Element | Sway Funded | The Concept Trading |
|---|---|---|
| Strengths | No trailing drawdown, No consistency rule, No overnight holding restrictions, Weekend holding permitted, No time limits, Active in 150+ countries | Static drawdown, no daily drawdown, permissive rules, EAs/HFT allowed, low entry fees |
| Weaknesses | Relatively new firm (founded Feb 2024), Proprietary platform only, 1.5% withdrawal fee, No phone support, Not regulated broker | Misleading 90% marketing, one payout/month only, 30-day invoice deadline, capped profits, new discretionary clause |
| Best For | Traders seeking flexible challenge formats with no time pressure | Long-term scalers seeking trading freedom, not monthly income seekers |
Conclusion and Final Recommendation
Choose Sway Funded – Elite if you are traders seeking flexible challenge formats with no time pressure. Choose The Concept Trading if a larger funded ceiling at $5M and a cheaper entry, from AUD 65 matter more to you. Neither firm is better in the abstract. The right choice depends on your strategy, your budget and the instruments you trade, so read both full reviews before you commit. Verify current rules and pricing on each firm’s own site before purchasing.
Frequently asked questions
What should I know about Sway Funded’s programs?
Sway Funded lists Rapid, Regular and Instant options and uses simulated accounts. Its challenge selector shows different targets and loss-limit configurations. Sway Funded official rules.
What should I know about The Concept Trading’s programs?
The Concept Trading offers a level-based prop program. Its 90% Lock option fixes an eligible account at a chosen level instead of continuing to scale. The Concept Trading official rules; The Concept Trading official program information.
How do payouts differ between Sway Funded and The Concept Trading?
Sway advertises rewards of up to 90% of simulated profits. The exact share and reward eligibility should be taken from the selected account configuration, rather than treating that maximum as every account’s starting share. Sway Funded official rules.
Its FAQ describes a 50% standard share and 90% at the top level or through the Lock option. The dedicated Lock rules specify weekly payment at 90% after the activation conditions are satisfied. The Concept Trading official rules; The Concept Trading official program information.
Which account rules matter when comparing Sway Funded and The Concept Trading?
The displayed challenge has four minimum trading days and no overall time limit. Its configurable drawdown limits mean a headline maximum is not the loss allowance on every Sway account. Sway Funded official rules.
The Lock option is unavailable for Foundation and Intern levels. Once selected, the account cannot scale higher. The site’s general payout and inactivity descriptions differ between pages, so those details require confirmation for the selected model. The Concept Trading official rules; The Concept Trading official program information.
Is Sway Funded or The Concept Trading automatically the better choice?
No, neither is the default pick. Sway Funded – Elite is built for traders seeking flexible challenge formats with no time pressure, and The Concept Trading has the larger funded ceiling at $5M and the cheaper entry at AUD 65. Which of those matters more depends on how you actually trade, so compare how each firm measures drawdown, the total fee once add-ons and resets are included and platform availability, rather than the headline numbers. If you fail an evaluation, do not assume either firm offers a fixed reset discount: check the reset terms for the specific account you bought.
How We Compared Sway Funded and The Concept Trading
Both firms carry a JoinProp Rating out of 10, scored on the same nine weighted factors, led by payout reliability at 20%, then fee structure, drawdown rules and profit split at 15% each. The scores come from our own firm reviews, built from each firm’s current terms rather than its marketing pages and re-checked at least every 90 days. Affiliate relationships have no effect on any rating, and ratings are never sold. The tables above are the evidence behind those scores. Read our full ranking methodology.
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