The Concept Trading – Elite Prop Firm Review
- Instant access to funded accounts
- Exceptional trader support and coaching
- Simplified evaluation with one phase
- Weekly payouts at top level or with the 90% Lock Rule
- Low minimum trading days required
- Use this Discount Code when opening your Account: TCT7
Firm Overview
The Concept Trading (TCT) is an Australian-based proprietary trading firm founded in 2021, headquartered at Tower 2, Suite 101, 55 Plaza Parade, Maroochydore QLD 4558. The firm also maintains offices in the UK and Indonesia. It is led by CEO David Long, a former Vice President at MF Global with over 20 years of institutional trading experience. TCT is structured under The Concept AU/NZ Pty Ltd (ACN 652 938 399), a Corporate Authorised Representative (CAR No. 131 76 33) of Vested Equities Pty Ltd — the holder of Australian Financial Services Licence (AFSL) No. 478987. This ASIC-regulated structure gives TCT more regulatory credibility than the majority of prop firms operating globally. The firm’s standout feature is its simplicity: just one rule — don’t hit the static drawdown. With no daily loss limits, no restrictions on trading style, and one-step evaluations across most programs, TCT appeals to experienced traders who want maximum freedom. Funding scales from entry-level accounts up to $50 million, and the firm offers both instant funding and traditional evaluation paths.
Key Features at a Glance
Funding Programs
- Foundation: Two-stage evaluation, 6% drawdown, no scaling — programs from $65. Entry-level path for newer traders.
- Traditional: One-step, 6% profit target per level, 4% static drawdown, scales up to $2M — programs from $97
- Premier: One-step, 7% profit target, 5% static drawdown, scales up to $10M — programs from $297
- Empire: One-step, 10% profit target, 10% static drawdown, scales up to $20M — programs from $997
- Xtreme: One-step, 6% profit target, 3% static drawdown, scales up to $50M — programs from $300 (1:30 leverage)
- Instant Funded: Skip the assessment entirely on Traditional, Premier, and Xtreme programs
Profit Split
- Profit split ranges from 50% to 90% depending on the program and level
- The 90% Lock Rule allows traders to lock their account at a specific level and retain 90% of profits from that point forward
- Higher-tier programs and consistent performance unlock the 90% split
Scaling
- Traditional and Premier: ~70% capital increase per level
- Empire: ~50% capital increase per level
- Xtreme: 80% capital increase per level, up to $50M across 11 steps
- No time pressure — scale at your own pace by hitting profit targets
Challenge Program Details
Traditional Program Structure
| Feature | Assessment | Funded |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 6% per level | 6% per level to scale |
| Daily Drawdown | None | None |
| Max Static Drawdown | 4% | 4% |
| Min Trading Days | None | — |
| Leverage | Up to 1:200 | Up to 1:200 |
Challenge Specifications
- Max capital allocation: Up to $50,000,000 through the Xtreme scaling program
- No daily drawdown limit on any program — only static maximum drawdown applies
- No minimum trading days on Traditional, Premier, Empire, and Xtreme programs
- Foundation program requires a minimum of 3 trading days
- Drawdown is static (based on starting balance), not trailing
- Profit split: 50–90%, with the 90% Lock Rule available at higher levels
- Up to 3 Empire / 3 Xtreme / 5 Premier / 10 Traditional / 10 Foundation accounts can be traded simultaneously (per TCT FAQ)
Trading Rules and Requirements
- One primary rule: do not hit the static drawdown limit
- All trading styles permitted — scalping, news trading, hedging, EAs, algorithmic trading
- No restrictions on holding positions overnight or over the weekend
- No daily loss limit — only a static maximum drawdown applies per account
- Pro Spreads option: tighter FX spreads with a $6 round-turn commission ($3 entry + $3 exit; no markup by TCT)
- Normal Spreads option: wider spreads with no commission
- Multiple accounts can be run simultaneously: 3 Empire / 3 Xtreme / 5 Premier / 10 Traditional / 10 Foundation (per TCT FAQ)
Company Information
- Founded: 2021
- Headquarters: Tower 2, Suite 101, 55 Plaza Parade, Maroochydore QLD 4558, Australia
- UK subsidiary: The Concept Trading UK Ltd (Companies House #15127719, registered at Bartle House, Oxford Court, Manchester M2 3WQ; incorporated 10 September 2023). A presence in Indonesia is also reported by third-party reviewers.
- Founder & CEO: David Long (founder of The Concept Trading and CEO of group broker The Concept Limited; senior trading background includes MF Global, per LinkedIn)
- Regulatory Status: ASIC-regulated structure — The Concept AU/NZ Pty Ltd (ACN 652 938 399), CAR of Vested Equities Pty Ltd (AFSL No. 478987)
- Support Hours: Monday to Friday, 9am–5pm AEST
- Trustpilot Rating: 4.6/5 from 443 reviews (per trustpilot.com, checked April 2026)
- Educational Resources: Trading courses, blog, and market analysis content
Payout Methods
- Weekly payouts on top-level / 90% Lock Rule accounts; otherwise paid at each scaling target with one additional monthly withdrawal allowed (per TCT FAQ)
- Bank Transfer
- Cryptocurrency
- Revolut
- PayPal
Trading Commissions
- Pro Spreads: Tighter FX spreads with a $6 round-turn commission ($3 entry + $3 exit; no markup by TCT)
- Normal Spreads: Wider spreads with no commission
- Indices, crypto, and commodities: variable spreads depending on market conditions
IP Rules
- One account per IP address is recommended — trading multiple accounts from the same IP may trigger a compliance review
- VPN usage policies vary — consult TCT support if you plan to trade through a VPN; flagged connections may require verification
- Logging in from multiple geographic locations in a short window may trigger a security review
- Traders using shared networks (offices or co-working spaces) should notify TCT support in advance
- Report any planned IP or location changes to TCT support proactively to avoid account disruptions
Unique Features
90% Lock Rule
- Traders can lock their account at any funded level to receive 90% of all future profits from that point
- Designed to reward long-term, consistent performers
- Applies once profit targets are hit at the relevant tier
Instant Funding
- Available on Traditional, Premier, and Xtreme programs
- Skip the assessment and go straight to live funded trading
- Ideal for experienced traders who want immediate capital access
Extreme Scaling
- Xtreme program scales up to $50 million across 11 levels
- 80% capital increase per level
- One of the most aggressive scaling plans in the prop industry
Why Choose The Concept Trading?
The Concept Trading stands out in the prop firm landscape through its simplicity and scale. With one core rule, no daily drawdown limits, no restrictions on trading style, and scaling potential up to $50 million, it offers some of the most trader-friendly conditions in the industry.
- One-rule structure — don’t hit the static drawdown — removes complexity and gives full trading freedom
- No daily drawdown limit, giving traders more flexibility managing intraday positions
- ASIC-regulated structure, providing more credibility than most unregulated prop firms
- Instant funding options across multiple programs for traders who want to skip evaluations
- Aggressive scaling to $50M for traders who demonstrate consistent performance
- Weekly payouts with fast 24–48 hour processing
How long does it take to get funded?
Since most TCT programs use a single-step evaluation with no time limits, the timeline depends entirely on your performance. Disciplined traders typically complete the assessment within one to four weeks. Once you hit the profit target without breaching the static drawdown, your funded account is activated — usually within 24 hours.
Can I hold positions over the weekend?
Yes. The Concept Trading places no restrictions on overnight or weekend holding. Positions can remain open indefinitely as long as the static drawdown limit is not breached. There are no daily loss limits, giving you full flexibility over when and how long you hold positions.
What happens if I break a rule?
TCT has one primary rule: do not breach the static drawdown limit. If you do, the account is closed. Since there are no other trading restrictions, rule violations are rare. You can purchase a new challenge program to restart at the standard program cost — no separate reset fee applies.
Can I trade news events?
Yes. The Concept Trading imposes no restrictions on news trading. You can trade during NFP, CPI, FOMC, and any other high-impact release. All trading styles including scalping, hedging, EAs, and news strategies are fully permitted across all programs.
How often can I withdraw profits?
Withdrawal cadence depends on level. At the top level of any program, or if you have elected the 90% Lock Rule, weekly withdrawals are available. On other levels you receive your profit share each time you hit the scaling target, plus one additional withdrawal per month between scaling events. Payment methods include Bank Transfer, Crypto, Revolut and PayPal (per TCT FAQ).
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