The Concept Trading
The strongest regulatory story of any near-miss here: the same entity at every stage — The Concept AU/NZ Pty Ltd, a Corporate Authorised Representative under a real ASIC licence (AFSL 478987, held by Vested Equities), with no third-party handoff — plus a static drawdown that does not worsen when funded, and EAs and HFT allowed without restriction. It falls on a forfeiture clause: you must lodge an invoice within 30 days of reaching a scaling target or forfeit that profit share.
The reservations that keep it out of the top tier: it is an authorised representative, not the licence holder itself, and the funded account’s "live server" status rests on the firm’s own claim, with no independent broker-side confirmation. The split is a base 50% rising to 90% "for life" via its Lock Rule, and standard levels get one payout per month. The 30-day-invoice trap is a normal-course forfeiture, not an anti-abuse rule, which is why it counts against it.
Not enough published data to simulate this firm’s floor.
No disqualifier applies, and there is a plan here worth trading — but something real is wrong, and we name it. Read the reservation before you pay.
Scorecard
16Static at both stages — the floor never moves
The group owns a regulated broker or FCM in a hard market
A per-request cap well below the account size
Overstates size or speed, but costs you nothing
Short history, or a sharply polarised review profile
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Plan by plan
3 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
Static and identical in evaluation and funded with no daily loss limit and no consistency rule, sold by an Australian financial-licence authorised representative — the strongest backing found in this study.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
4/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
1/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
4/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.70.80/8
“Intern you must hit both the 10% target and have 3 days of being profitable.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.no change3/3
“No. There is no time limit for you to reach the target. If you reach the target in 1 week or 1 year, there is no penalty or issue with us.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 daysno change2/2
“Intern you must hit both the 10% target and have 3 days of being profitable.”“Verification you must hit just 5% (FIVE) target and have 3 days of being profitable.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target10%5%—
“Intern you must hit both the 10% target and have 3 days of being profitable.”“Verification you must hit just 5% (FIVE) target and have 3 days of being profitable.”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeno change3/3
“All drawdowns vary depending on the account selected. But all drawdowns are STATIC – this means that you have the full drawdown available at ALL times.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno changeno change1/2
“The Prop account will be automatically terminated if the Prop account Total Equity balance falls below the account Opening Balance by the set Draw Down Percentage.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no changeno change2/2
“There is no daily drawdown, just an absolute drawdown based on the initial account opening balance.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed6%no changeno change0.50/1
“Each level has a max drawdown of 6% from the initial opening balance.”“Each new level starts with the same opening balance. Either 5K, 10K or 25K, depending on which you choose. Each level has a max drawdown of 6% from the initial opening balance.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops rising
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Prop account may be terminated by the Company at any time at its absolute discretion without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“Profit payout can be requested before target is reached once you are on Level 1.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Withdrawals before the account ends
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no changeno change—
“News trading, scalping, algorithmic execution. All permitted across the full volatility window. No strategy restrictions, no session limits, no instrument blocks.”Mandatory stop-lossThey state there is none.no changeno change—
“We suggest you risk no more than 1% of your total equity balance on any single trade. We also strongly suggest you always trade with a stop loss. Further, if you trade with large risk and no stop loss and you lose the account by hitting max draw down, management will not look favourably on allowing you back into the program.”Minimum time a trade must be heldThey state there is none.no changeno change—
“We accept EA’s, algorithms, scalpers, anyone and everyone – without restriction.”Forced close before the weekendThey state there is none.no changeno change—
“On all models, we allow EAs, HFT and copiers. You can hold trades over night and over the weekend, and even trade on weekends in the crypto markets that the broker offers.”Leverage1:200by instrument
no changeno change—
by instrument
“FOUNDATION · Foundation 5K $5,000 Account $65 One-time assessment fee 10% intern profit target 5% verification profit target 10% funded profit target 6% static drawdown (fixed) No daily drawdown 200 leverage”Limit on position sizeThey do not say.no changeno change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“Once on Live accounts, Level 1 and higher, you get paid your profit share every time you hit the scaling target.”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“10% profit target 10% static drawdown (fixed) No daily drawdown Your account scales approx. 50% at every profit target 200 leverage 50% profit share No limit”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“No. There is no time limit for you to reach the target. If you reach the target in 1 week or 1 year, there is no penalty or issue with us.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“1-Step Evaluation: hit a single profit target, then you’re funded.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target10%—
“10% profit target 10% static drawdown (fixed) No daily drawdown Your account scales approx. 50% at every profit target 200 leverage 50% profit share No limit”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“All drawdowns vary depending on the account selected. But all drawdowns are STATIC – this means that you have the full drawdown available at ALL times.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“The Prop account will be automatically terminated if the Prop account Total Equity balance falls below the account Opening Balance by the set Draw Down Percentage.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no change2/2
“There is no daily drawdown, just an absolute drawdown based on the initial account opening balance.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%we did not read this stage1/1
“10% profit target 10% static drawdown (fixed) No daily drawdown Your account scales approx. 50% at every profit target 200 leverage 50% profit share No limit”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops rising
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Prop account may be terminated by the Company at any time at its absolute discretion without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay you5.0% of the account, at worst1.60/2
“SE $10,000 $10,000 $13,000 $17,000 $25,500 $38,250 $57,375 $86,063 $129,094 $193,641 $290,461 $435,691 $653,537 $980,306 $1,470,458 $2,000,000 DD 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PT 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $500”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“SE $10,000 $10,000 $13,000 $17,000 $25,500 $38,250 $57,375 $86,063 $129,094 $193,641 $290,461 $435,691 $653,537 $980,306 $1,470,458 $2,000,000 DD 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PT 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $500”Profit required before the first requestThey state there is none.1/1
“Profit payout can be requested before target is reached once you are on Level 1.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Withdrawals before the account ends
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“News trading, scalping, algorithmic execution. All permitted across the full volatility window. No strategy restrictions, no session limits, no instrument blocks.”Mandatory stop-lossThey state there is none.no change—
“We suggest you risk no more than 1% of your total equity balance on any single trade. We also strongly suggest you always trade with a stop loss. Further, if you trade with large risk and no stop loss and you lose the account by hitting max draw down, management will not look favourably on allowing you back into the program.”Minimum time a trade must be heldThey state there is none.no change—
“We accept EA’s, algorithms, scalpers, anyone and everyone – without restriction.”Forced close before the weekendThey state there is none.no change—
“On all models, we allow EAs, HFT and copiers. You can hold trades over night and over the weekend, and even trade on weekends in the crypto markets that the broker offers.”Leverage1:200by instrument
no change—
by instrument
“10% profit target 10% static drawdown (fixed) No daily drawdown Your account scales approx. 50% at every profit target 200 leverage 50% profit share No limit”Limit on position sizeThey do not say.no change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“10% profit target 10% static drawdown (fixed) No daily drawdown Your account scales approx. 50% at every profit target 200 leverage 50% profit share No limit”How large it can get$2,000,000—
“SE $10,000 $10,000 $13,000 $17,000 $25,500 $38,250 $57,375 $86,063 $129,094 $193,641 $290,461 $435,691 $653,537 $980,306 $1,470,458 $2,000,000 DD 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PT 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $500”Where the path endsat a real market—
“Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $20.80/8
“6% profit target 3% static drawdown (fixed) No daily drawdown Your account scales 80% at every profit target 30 leverage 50% profit share No limit”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“No. There is no time limit for you to reach the target. If you reach the target in 1 week or 1 year, there is no penalty or issue with us.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“1-Step Evaluation: hit a single profit target, then you’re funded.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“6% profit target 3% static drawdown (fixed) No daily drawdown Your account scales 80% at every profit target 30 leverage 50% profit share No limit”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“All drawdowns vary depending on the account selected. But all drawdowns are STATIC – this means that you have the full drawdown available at ALL times.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“The Prop account will be automatically terminated if the Prop account Total Equity balance falls below the account Opening Balance by the set Draw Down Percentage.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no change2/2
“There is no daily drawdown, just an absolute drawdown based on the initial account opening balance.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3%we did not read this stage0/1
“6% profit target 3% static drawdown (fixed) No daily drawdown Your account scales 80% at every profit target 30 leverage 50% profit share No limit”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops rising
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The Prop account may be terminated by the Company at any time at its absolute discretion without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey do not say.0/2
we read the page that should answer this and it does not
How long your money is theirs.
Most one withdrawal can pay you3.0% of the account, at worst1/2
“SE $10,000 $10,000 $18,000 $32,400 $58,320 $104,976 $188,957 $340,122 $612,220 $1,101,996 $1,983,593 $3,570,467 $5,000,000 DD 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% PT 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $300”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountyes — a bigger account pays a bigger cheque2/2
“SE $10,000 $10,000 $18,000 $32,400 $58,320 $104,976 $188,957 $340,122 $612,220 $1,101,996 $1,983,593 $3,570,467 $5,000,000 DD 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% PT 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $300”Profit required before the first requestThey state there is none.1/1
“Profit payout can be requested before target is reached once you are on Level 1.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Withdrawals before the account ends
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“News trading, scalping, algorithmic execution. All permitted across the full volatility window. No strategy restrictions, no session limits, no instrument blocks.”Mandatory stop-lossThey state there is none.no change—
“We suggest you risk no more than 1% of your total equity balance on any single trade. We also strongly suggest you always trade with a stop loss. Further, if you trade with large risk and no stop loss and you lose the account by hitting max draw down, management will not look favourably on allowing you back into the program.”Minimum time a trade must be heldThey state there is none.no change—
“We accept EA’s, algorithms, scalpers, anyone and everyone – without restriction.”Forced close before the weekendThey state there is none.no change—
“On all models, we allow EAs, HFT and copiers. You can hold trades over night and over the weekend, and even trade on weekends in the crypto markets that the broker offers.”Leverage1:30by instrument
no change—
by instrument
“6% profit target 3% static drawdown (fixed) No daily drawdown Your account scales 80% at every profit target 30 leverage 50% profit share No limit”Limit on position sizeThey do not say.no change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“6% profit target 3% static drawdown (fixed) No daily drawdown Your account scales 80% at every profit target 30 leverage 50% profit share No limit”How large it can get$5,000,000—
“SE $10,000 $10,000 $18,000 $32,400 $58,320 $104,976 $188,957 $340,122 $612,220 $1,101,996 $1,983,593 $3,570,467 $5,000,000 DD 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% PT 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% PO% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 90% PO$ $0 $300”Where the path endsat a real market—
“Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“Company Accounts access are subject to meeting required trading skill levels as set out in Clause 12.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeThey do not say.0/3
we read the page that should answer this and it does not
The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
whether the account reaches a real market · costs money
“Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.” “The Prop account may operate on a server that is live, demo or another type.”the payout terms · costs money
“If you are on the top level of that model, or have elected the 90% Lock rule, you are allowed weekly withdrawals.”“Only 1 payout per calendar month is allowed.”the payout terms · costs money
“All models have a 50% profit share arrangement. On the top level of your program you get 90% of the profit.”“TCT is also remunerated from the 40% profit share arrangement with you from the Company Trading Account.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withThe Concept AU/NZ Pty Ltdno change4/4
“This Financial Services Guide (“FSG”) dated 20th February 2024 is provided to you by The Concept AU/NZ Pty Ltd as trading The Concept Trading”“A Prop account is a sub account of The Concept AU/NZ Pty Ltd account with its preferred broker and is subject to that broker’s terms and conditions.”With no named company there is nobody to sue.
A regulator supervising that companyAFSL 478987 (Vested Equities Pty Ltd)no change4/4
“The Concept AU/NZ Pty Ltd (ACN 652 938 399), CAR No.131 76 33, a Corporate Authorised Representative of Vested Equities Pty Ltd (ABN 54 601 621 390), the holder of Australian Financial Services Licence (AFSL) No. 478987.”Almost nobody has one, so it adds when present and costs nothing when absent.
Where it is registeredAustraliano change2/2
“The Concept AU/NZ Pty Ltd (ACN 652 938 399), CAR No.131 76 33, a Corporate Authorised Representative of Vested Equities Pty Ltd (ABN 54 601 621 390), the holder of Australian Financial Services Licence (AFSL) No. 478987.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration numberACN 652 938 399 · CAR No. 131 76 33no change2/2
“As a CAR of Vested Equities, TCT is authorised under AFSL 478987 to provide you with the following range of financial services:”“The Concept AU/NZ Pty Ltd (ACN 652 938 399), CAR No.131 76 33, a Corporate Authorised Representative of Vested Equities Pty Ltd (ABN 54 601 621 390), the holder of Australian Financial Services Licence (AFSL) No. 478987.”What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“The Concept AU/NZ Pty Ltd as trading The Concept Trading”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are named
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account isa real market from the start4/4
“Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.”The question that separates a firm that earns when you lose from one that earns when you last.
The broker or clearer namedThe Concept Limited3/3
“No, The Concept Trading is not the broker, it is a prop trading firm. The Concept Limited is the broker we use.”Almost nobody names one, because almost no account reaches a market. It adds when present.
Conditions to reach a real marketpublished2/2
“Verification you must hit just 5% (FIVE) target and have 3 days of being profitable.”Promising a route to a real market without publishing the conditions is promising nothing.
We read the rules of every plan it sells and issued a verdict on each one.