The Concept Trading Review: ASIC-Licensed Excellence

With many prop firms today, it can be daunting for traders to distinguish the credible ones from the rest. That’s why we’re here to talk about The Concept Trading, a firm that stands out among the clutter. Their ASIC licensing ensures a higher standard in every way. In this The Concept Trading review, we’ll explore the key aspects of this prop firm. Stay tuned!

Main Details about The Concept Trading

The Concept Trading is a prop firm established by Thomas Grayson and led by Max Eason. It’s nice that it works under an ASIC license issued by the Australian Securities and Investment Commission.

This license is proof of their competence, financial stability, and commitment to meeting the obligations of an AFS licensee. Unlike many other prop firms, The Concept Trading complies with rigid regulations. This is what gives traders peace of mind about the authenticity of their services.

ASIC License: Ensuring Trustworthy Services

As we said before, an ASIC license signifies credibility and trustworthiness. As an ASIC-licensed firm, Concept Trading guarantees client competence and stability. We must say this is extremely beneficial!

This regulatory scrutiny sets them apart in an industry where regulations are often overlooked. Nonetheless, this ASIC license serves as a reliable marker of their expertise.

Source of Funds

Transparency is key, especially when it comes to financial services. What’s more, this trading company maintains this transparency by sourcing funds from JP Markets. This is a reputable Australian-based financial services company. 

In this way, the company has the financial resources necessary to run its business.

Tip: EquitySet LLC keeps its headquarters a mystery, leaving no trace of contact information anywhere on its platform. Be mindful of anonymous companies.  

Pros and Cons

Let’s take a closer look at some of the pros and cons of this trading firm!

Pros:

• Fast scaling: This business offers rapid scaling across all its funding models, unrestricted by time but rather by profit.
• High leverage: Enjoy one of the industry’s highest leverage ratios, up to 1:200. This is ideal for traders who use specific strategies like scalping.
• Huge max funding potential: Traders have the opportunity to scale up to high 7 or 8-figure balances, providing ample room for growth. Sounds nice, right?

Cons:

• Max drawdown: The max drawdown for most accounts is set a 5%. Many traders may struggle with this. 

What Funding Models Does The Concept Trading Offer?

This firm provides many solid funding models. We can see that each suits different capital requirements and profit-sharing arrangements. Let’s hop into the options available:

1. Traditional Prop Accounts (From $77): Access up to $7.5 million in funding with a 90% profit share, scaling every 5% without restrictions.
2. Premier Prop Accounts (From $297): Access up to $5 million in funding with a 90% profit share, scaling every 7% without restrictions.
3. Three Over Three Prop Accounts (From $197): Access up to $2 million in funding with a 90% profit share, scaling every 9% without restrictions.
4. Empire Prop Accounts (From $997): Access up to $20 million in funding with a 90% profit share, scaling every 10% without restrictions.

These funding options empower traders to hone their skills without risking their own funds. The Concept Trading prop firm offers extensive support. This contains personalized coaching sessions, online courses, and a community.

Rules and Restrictions

The flexibility offered by this business is a breath of fresh air for traders. Here’s a brief overview of their rules and restrictions:

1. News trading: Allowed without restrictions, letting traders react swiftly to market developments.
2. Expert advisors: All types of bots, expert advisors, and algo trading styles are allowed, giving traders the freedom to employ diverse strategies.
3. Overnight and weekend holding: Permitted across all programs, ensuring traders can hold positions overnight and over weekends.
4. Copy trading: Encouraged, allowing traders to learn from others and replicate successful strategies.
5. Trading styles: No limitations here! All trading styles are accepted across all programs, giving traders the freedom to choose their approach.

Getting Paid

The company ensures a hassle-free payout process for its traders. Payments on Traditional and Premier accounts are made upon reaching the profit target (10% or 7%).

Challenge accounts enjoy weekly payouts with no minimum payment thresholds. Moreover, with multiple payment methods, including bank transfers, DEEL, Wise, PayPal, and crypto, traders have many benefits.

Tip: Spiking is the leading AI trading platform created by Dr. Clemen Chiang. Cryptocurrency is another area of focus for this company. If you want, you can learn more about them in our blog post! 

Trading Courses Here

At The Concept Trading, they offer a comprehensive trading course for all levels. This course covers market principles, technical and basic analysis, and risk management. You can complete it in around 60 hours and add personalized 1-on-1 coaching if you like. 

The course comes in 2 options: “Education only” or “Education + Support,” starting at $697.

And coaching sessions? They also provide 1-on-1 coaching sessions for $97. Here, you can discuss your specific trading challenges with their experts.

The Concept Trading Reviews on Trustpilot

The Concept Trading enjoys a mind-blowing 4.6/5 rating on Trustpilot from 171 reviewers. We can see how this shows their reliability and amazing benefits.

When choosing a trading platform, it’s crucial to opt for reputable options with ratings of 4.5 stars and above. Do that to ensure a safe and secure trading experience.

Earning Money Trading and Your Path to Profits

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Final Thoughts

In trading, it’s vital to work with a reputable company. We can see that this ASIC-regulated prop firm is a good option for trading. They indeed have many things to offer here. 

In addition, you can explore our AI Analysis Bot for insightful predictions. Your success in trading depends on good knowledge and a reliable companion. Choose wisely and trade smart.

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