The Concept Trading - Prop Firm Review
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- Australian company (ACN 652 938 399); an authorised representative, NOT AFSL licensed itself
- The advertised 90% split is 50% at every level except the very top one
- Static drawdown on every account, and NO daily drawdown at all
- Binding terms allow ONE payout per calendar month; the homepage advertises weekly
- Prices are in Australian dollars; the fee is not refundable
Last reviewed: 13 July 2026. Checked against The Concept Trading’s official terms, all-rules page, FAQ, payout matrices and Financial Services Guide, and against the Australian Business Register. Figures below reflect the products on sale at the time of review; prop firm rules change often, so always confirm on the firm’s own pages before you buy.
TL;DR: The Concept Trading in 30 seconds
- What it is: an Australian company (ACN 652 938 399) operating as an authorised representative of a licensee. It is not itself AFSL licensed, despite the homepage saying so.
- The split: 50% at every level except the top one, where it becomes 90%. Reaching the top means scaling $1,000 to $1,000,000 — or taking the Lock Rule, which pays 90% but ends your scaling permanently.
- The drawdown: static on every account, and there is no daily drawdown at all. Genuinely one of the most permissive rule sets we have reviewed.
- The catch: the binding terms allow one payout per calendar month, while the homepage advertises weekly. Clause 10.2 says advertising is superseded by the terms — so the monthly rule wins. Profit above the payout matrix figure is not payable.
- Cost: from AUD 65 (prices are in Australian dollars). Non-refundable. You must invoice within 30 days of hitting a target or forfeit the profit share.
- Best for: traders who want maximum freedom in how they trade and are treating this as a long scaling project, not a monthly income.
Table of contents
Pricing snapshot
CFD pricing
| Program | Account size | Price | Billing | Notes |
|---|---|---|---|---|
| Foundation | $5K | AUD 65 | One-time | Foundation 2-phase programme; Foundation caps at 25K. |
| Foundation | $10K | AUD 110 | One-time | Foundation 2-phase programme; Foundation caps at 25K. |
| Foundation | $25K | AUD 260 | One-time | Foundation 2-phase programme; Foundation caps at 25K. |
Pricing last verified: 2026-08-09
Firm Overview
The Concept Trading (TCT) is an Australian prop firm operating from The Concept AU/NZ Pty Ltd (ACN 652 938 399, ABN 78 652 938 399), an active company registered since August 2021 and based in Maroochydore, Queensland. That is a real corporate footprint, and it is more than most of this sector offers.
The trading rules are also, unusually, very permissive. There is no daily drawdown at all, the maximum drawdown is static on every account, there is no consistency rule, no minimum trade duration and no time limit. EAs, HFT, copy trading and scalping are all expressly allowed. In the firm’s own words: “we allow EAs, HFT and copiers… anyone and everyone – without restriction.”
So the trading is the easy part. The difficulty is entirely in what you get paid, and when — and on both of those, the firm’s marketing and its binding terms tell different stories.
The 90% Split Is 50% Almost Everywhere
The homepage advertises up to 90%. The firm’s own payout matrices show what that means in practice.
“All models have a 50% profit share arrangement. On the top level of your program you get 90% of the profit.”
That is TCT’s own FAQ. The payout matrices confirm it: the split is 50% at every level from 1 to 13, and 90% only at the final level — which on the Traditional model means scaling a $1,000 account to $1,000,000. On Xtreme it means $10,000 to $5,000,000.
There is a second route, the 90% Lock Rule, and it is free. But it ends your progression permanently: “once you elect the Lock Rule, the account cannot be scaled to any higher Levels or increased funding.” You trade the ceiling for the split.
To be fair to TCT, the 90% is not a paid add-on — there is no split upsell at checkout, which several competitors do have. It is simply much harder to reach than the marketing implies.
One Payout A Month – Whatever The Homepage Says
This is the most consequential gap between what TCT advertises and what it has agreed to.
The binding terms, clause 12.17:
“Only 1 payout per calendar month is allowed.“
No carve-out, no exception. The homepage: “get paid every week”, “Weekly payouts”, “Request withdrawals every 7 days”.
The homepage even contradicts itself inside a single sentence — “You’re entitled to one request per month… on a reliable weekly cycle.” The FAQ splits the difference, saying weekly withdrawals apply only if you are on the top level or have taken the Lock Rule.
Which version governs? The terms answer that too, at clause 10.2: “All advertising material and all prior representations are hereby superseded by these Terms and Conditions.” If it came to a dispute, the monthly clause wins and the weekly marketing counts for nothing.
Worth noting: an earlier version of the terms said “only 1 payout per calendar month outside of the scaling event“. Those four words have since been deleted — so the binding text has got stricter while the marketing moved the other way.
The Product Line
| Family | Accounts | Profit target | Daily DD | Max DD | Leverage |
|---|---|---|---|---|---|
| Traditional | AUD 97 – 247 ($1,000 – $2,500) | 6% | None | 4% static | 1:200 |
| Premier | AUD 297 – 2,497 ($3,000 – $25,000) | 7% | None | 5% static | 1:200 |
| Empire | AUD 997 – 19,997 ($10,000 – $200,000) | 10% | None | 10% static | 1:200 |
| Xtreme | AUD 300 – 5,000 ($10,000+) | 6% | None | 3% static | 1:30 |
| Foundation | AUD 65 – 260 (5K – 25K) | 10% then 5% | None | 6% static | – |
All prices are in Australian dollars. A programme advertised as starting at “$97” costs AUD 97, not USD. That is easy to miss and it matters.
An Instant Funding (L1) variant is available on nine accounts for a +20% fee premium, which skips the Intern assessment stage. Note that the Intern level sits on a demo server and pays nothing — your first payout comes at Level 1.
Foundation is the odd one out: it has no scaling at all, and requires three profitable days in each of its two stages.
The Profit Cap Most Buyers Miss
TCT does not just cap your split. It caps the amount.
“Payout is a maximum figure as per the Level and Program you are in and shown on our website as Payout Matrix.” (clause 12.16)
Read alongside clause 12.14 — profit share is “limited to the percentage of the profit target” — this means earning more than the matrix figure does not pay you more. On the Traditional model, a Level 1 trader on a $1,000 account is paid a maximum of $30, no matter how profitable the month was. Hit the target and the account closes: “once target is met the account will be closed and you will then be issued with a new account on the next Level.”
This is a scaling ladder, not a trading income. Understanding that before you buy is the difference between a sensible purchase and a disappointed one.
The 30-Day Invoice Rule
A rule that exists only in the FAQ, and forfeits real money:
“You must lodge invoice… within 30 days of reaching the scaling target or forfeit the profit share.“
You are not paid automatically. You must invoice the firm, and if you are late, the profit share is gone. Curiously, this obligation was removed from the binding terms in 2025 but the firm still asserts it in the FAQ. Either way, do not test it — invoice immediately.
The New Clause Worth Knowing About
Clause 12.24 did not exist in April 2026. It was added within the last three months:
“TCT does not permit… trading behaviour that is exploitative, manipulative, or not commercially replicable in real market environments. If accounts are found to be violating this they will be breached.”
“Not commercially replicable” is undefined and entirely discretionary. On a site whose central promise is “no restrictions”, it is a meaningful qualification — and it is brand new.
To be balanced, the same 2025-26 rewrite removed several clauses in the trader’s favour: an old consistency requirement, a discretionary veto over scaling, and a clause letting the firm change prices and terms without notice have all gone.
Payouts
| Payout term | Detail |
|---|---|
| Split | 50% at every level except the top, where it is 90% |
| Frequency | One per calendar month (binding terms); weekly is advertised but only applies at top level or under the Lock Rule |
| Payout cap | The Payout Matrix figure for your level – excess profit is not payable |
| Processing | 24-48 hours |
| Methods | Bank transfer, crypto, Revolut, PayPal |
| Invoice window | 30 days from hitting the target, or the profit share is forfeited |
| KYC | Required before any payment is released |
TCT does not publish a minimum payout figure or any payout fees, so we do not state either.
Trading Rules
- Expert Advisors, HFT and copy trading: all permitted. “On all models, we allow EAs, HFT and copiers.”
- Scalping, news trading and algorithms: permitted across the full volatility window.
- Overnight and weekend holding: permitted, including weekend crypto trading.
- Consistency rule: none. Minimum trade duration: none. Time limit: none.
- Prohibited: coordinated opposing positions across accounts, account arbitrage, and (since mid-2026) anything deemed “not commercially replicable”.
- Inactivity: the terms say 42 days and the homepage says 30. Assume 30 and you will be safe.
- Leverage: 1:200 on Traditional, Premier and Empire; 1:30 on Xtreme.
- Commission: Pro Spreads are $6 per round turn; Normal Spreads carry no commission but wider spreads.
- Account limits: 3 Empire, 3 Xtreme, 5 Premier, 10 Traditional, 10 Foundation – and you cannot mix models once capped.
Company Information
- Entity: The Concept AU/NZ Pty Ltd, Australia. ACN 652 938 399, ABN 78 652 938 399, active since August 2021 (verified on the Australian Business Register)
- Regulatory status: the homepage says “AUSTRALIAN AFSL LICENSED“. That is not accurate. TCT does not hold an AFSL – it operates as a Corporate Authorised Representative (CAR 1317633) of Vested Equities Pty Ltd, which holds AFSL 478987. The licence belongs to Vested Equities, and the AFCA membership and professional indemnity cover follow that licensee, not TCT
- Governing law: the terms never name one – they refer only to “the jurisdiction in which the company operates”
- Broker: “The Concept Limited”, per TCT’s FAQ. Its jurisdiction and ownership are not published. The firm’s own Financial Services Guide discloses that it “may also earn a rebate from our executing brokers for volume traded”
- Trustpilot: 4.7 out of 5 from around 463 reviews, with no consumer alert. Worth noting the firm actively solicits reviews and the listing carries only six negative reviews in total, so the negative sample is thin
Who The Concept Trading Actually Suits
The rule set is genuinely one of the most permissive we have reviewed. No daily drawdown, static maximum loss, no consistency rule, no time limit, EAs and HFT welcome, weekend holding fine. If your complaint about prop firms is that they constrain how you trade, TCT constrains you less than almost anyone.
The catch is that this is a scaling ladder, not an income. You are paid 50% of a capped figure, once a month, and you must invoice within 30 days to get it. The 90% headline requires growing a $1,000 account to a million, or surrendering your scaling permanently. And the firm’s own terms explicitly override every promise its marketing makes.
Consider it if you want maximum freedom in how you trade, you are treating this as a long scaling project rather than a monthly wage, and you have read the payout matrix for your level and are comfortable with the number.
Avoid it if you are buying on the strength of the “90%” or the “weekly payouts” headlines, you need meaningful monthly income from a small account, or you would find a discretionary “not commercially replicable” clause difficult to live with.
Frequently Asked Questions
What is The Concept Trading’s profit split?
50% at every level except the top one, where it becomes 90%. That is the firm’s own FAQ wording. Reaching the top level means scaling a $1,000 account to $1,000,000 on the Traditional model. The alternative is the 90% Lock Rule, which pays 90% immediately but permanently ends your ability to scale.
How often does The Concept Trading pay out?
The binding terms, clause 12.17, allow one payout per calendar month. The homepage advertises weekly payouts, and the FAQ says weekly applies only at the top level or under the Lock Rule. Clause 10.2 states that advertising is superseded by the terms, so the monthly rule governs.
Does The Concept Trading have a trailing drawdown?
No. Every account uses a static drawdown, measured from the initial balance, and there is no daily drawdown at all. That is unusually generous, and it is one of the firm’s genuine strengths.
Is The Concept Trading regulated?
Not directly. It is a real Australian company, but it does not hold an AFSL despite the homepage saying “AFSL Licensed”. It is a Corporate Authorised Representative of Vested Equities Pty Ltd, which holds AFSL 478987. The licence, the AFCA membership and the indemnity cover all belong to Vested Equities.
Does The Concept Trading have a consistency rule?
No. There is no consistency rule, no minimum trade duration and no time limit. EAs, HFT, copy trading, scalping, news trading and weekend holding are all permitted.
Is The Concept Trading’s fee refundable?
No. There is no refund policy page, no fee rebate on any payout, and the only refund clause in the terms is a force-majeure provision. Budget the fee as a cost you will not recover.
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