The Concept Trading is an Australian-based CFD prop firm operating as a Corporate Authorised Representative under AFSL No. 478987. It offers six programmes from $1,000 to $200,000, uses TradeLocker exclusively, and allows EAs, news trading, and overnight positions across all accounts. Fees are quoted in Australian dollars. No verified discount code is available as of July 2026.
Rating Breakdown
Pros
- AFSL Corporate Authorised Representative — rare regulatory backing for a prop firm
- EAs, algorithms, and scalpers accepted without restriction
- News trading permitted across the full volatility window
- No time limit to pass any challenge or funded level
- Foundation 2-step is genuinely affordable (from AUD $65 for $5K)
- Progressive profit split scaling from 50% to 90% as you advance
- Instruments across FX majors/minors/exotics, metals, energy, indices, crypto, commodities
- Instant Funded option available for traders who want to skip evaluation
- Payout via bank transfer, crypto, Revolut, or PayPal
- Up to 10 Foundation or Traditional accounts held simultaneously
Cons
- TradeLocker is the only platform — no MT4, MT5, cTrader, or DXtrade
- Empire programme fees are extreme: AUD $9,997 for a $100K account
- 30-day invoice window to claim profits — miss the deadline and you forfeit the payout
- Maximum one payout per calendar month across all programmes
- 6-week inactivity rule terminates the account and restarts you at Intern level
- Trustpilot score not publicly confirmed at time of review
- Consistency rules and minimum trading days not clearly disclosed for most programmes
- Fee structure and account sizes are in different currencies (AUD fees, USD account sizes)
Programme Overview and Pricing
All fees below are quoted in Australian dollars (AUD). Account sizes appear in USD as listed on the firm’s site. As of July 2026, AUD 1.00 is approximately USD 0.64 — factor this in when comparing fees to US-dollar-priced competitors.
Foundation Challenge Rules (2-Step)
| Evaluation type | Two-step (Phase 1 + Phase 2 / verification) |
| Account sizes | $5,000, $10,000, $25,000 |
| Fees (AUD) | $65 / $110 / $260 |
| Phase 1 profit target | 10% |
| Phase 2 profit target | 5% (verification phase) |
| Time limit | None |
| Min. trading days | 3 profitable days required |
| Max drawdown | 4–6% static from opening balance |
| Daily loss limit | None disclosed |
| Consistency rule | Not publicly disclosed |
| Profit split (funded) | 65%, 70%, 85%, 90% (progressive per level) |
| Fee refund | Not publicly confirmed |
Premier Challenge Rules (1-Step)
| Evaluation type | One-step |
| Account sizes | $3,000, $5,000, $10,000, $25,000 |
| Fees (AUD) | $297, $373–$497, $997, $2,497 |
| Profit target | 7% |
| Time limit | None |
| Min. trading days | Not publicly disclosed |
| Max drawdown | 5% static from opening balance |
| Daily loss limit | None |
| Leverage | 200:1 |
| Profit split (funded) | 50–90% (progressive per level) |
| Scaling ceiling | Up to $10M (CEO tier progression) |
Empire Challenge Rules (1-Step)
| Evaluation type | One-step |
| Account sizes | $10,000, $25,000, $50,000, $100,000, $200,000 |
| Fees (AUD) | $997, $2,497, $4,997, $9,997, $19,997 |
| Profit target | 10% |
| Time limit | None |
| Max drawdown | 10% static from opening balance |
| Daily loss limit | None |
| Leverage | 200:1 |
| Profit split (funded) | 50–90% (progressive per level, capped at 90% Lock) |
Xtreme Challenge Rules (1-Step)
| Evaluation type | One-step |
| Account sizes | $10,000, $20,000, $50,000, $100,000 |
| Fees (AUD) | $300, $600, $2,000, $5,000 |
| Profit target | 6% |
| Time limit | None |
| Max drawdown | 3% static from opening balance |
| Daily loss limit | 3% |
| Leverage | 30:1 |
| Profit split (funded) | Up to 80% (scaling events) |
Payouts
| First payout timing | Once you reach Level 1 (before profit target if desired) |
| Default payout cycle | Maximum one payout per calendar month |
| Top-tier cycle | Weekly (90% Lock accounts) |
| Profit split | 50% base, scaling to 90% at advanced levels |
| Invoice deadline | Must lodge within 30 days of reaching scaling target — forfeit if missed |
| Payout methods | Bank transfer, crypto, Revolut, PayPal |
| Processing time | 24–48 hours after invoice submitted |
| KYC required | Yes (contractor service agreement structure) |
| Verified total paid | Not publicly disclosed |
Trading Conditions
| Platform | TradeLocker (only) |
| Instruments | FX majors, minors, crosses, exotics, metals, energy, indices, crypto, commodities |
| Max leverage | 200:1 (most programmes); 30:1 (Xtreme) |
| News trading | Allowed — full volatility window |
| Overnight / weekend holding | Allowed (no restriction stated) |
| Expert Advisors | Allowed without restriction |
| Algorithmic / scalping | Allowed |
| Copy trading (self) | Allowed within same programme |
| Cross-account hedging | Banned — coordinated opposing positions across accounts prohibited |
| Account arbitrage | Banned — intentionally sacrificing one account to benefit another prohibited |
| Inactivity rule | Account terminated after 6 consecutive weeks with no trading activity |
| Max accounts (simultaneous) | 3 Empire, 3 Xtreme, 5 Premier, 10 Traditional, 10 Foundation |
Our Verdict
The Concept Trading is one of the few prop firms worldwide that operates as a Corporate Authorised Representative under a live AFSL. Vested Equities Pty Ltd (AFSL No. 478987) is the licence holder, and The Concept AU/NZ Pty Ltd sits underneath it as a CA rep. That is not the same as being regulated yourself, but it is a step above the typical offshore setup that most prop firms use. For traders who prioritise regulatory context, this is a meaningful differentiator.
The programme range is broad. Six distinct types covering $1,000 all the way to $200,000 means there is an entry point for almost every budget. The Foundation 2-step is the standout for value: AUD $65 (roughly USD $42) for a $5,000 funded account path is among the cheapest in the market right now. The Empire programme is the opposite. AUD $9,997 for a $100,000 account is an unusually high fee by any standard. Even the larger prop firms charge a fraction of that. Traders looking at Empire need to weigh that cost carefully before committing.
The trading rules are permissive. EAs, news trading, scalping, and algorithmic execution are all explicitly allowed without restriction. No time limits apply to any programme. There are no daily loss limits on the Premier, Traditional, or Empire programmes. The Xtreme programme is the exception: its 3% static drawdown and 3% daily limit make it the tightest product in the range and better suited to traders who run very precise, low-risk systems.
The payout structure has one rule that stands out as a real risk. Traders must lodge their invoice within 30 days of reaching the scaling target. Miss that window and the profit share is forfeited. That is an unusual condition not seen at most comparable firms. If you pass a level while travelling, dealing with personal circumstances, or simply not paying attention to dates, you lose the payout. Read the terms carefully and set a calendar reminder as soon as you hit a target.
The platform situation is the main practical limitation. TradeLocker is a capable platform, but it is not MT4 or MT5. Traders with existing EAs built on MetaTrader will need to rebuild them for TradeLocker, which is a real barrier. For traders who already use TradeLocker or who trade manually without EAs, this is not a problem. For everyone else, it is.
Overall, The Concept Trading is a legitimate, Australian-backed firm with a genuinely affordable entry point on Foundation and a permissive rule set. The 30-day invoice window, Empire pricing, and single-platform limitation pull the score down. It is a solid option for TradeLocker users or traders who want regulatory transparency without paying FTMO-level prices on smaller accounts.
Frequently Asked Questions
Is The Concept Trading a legitimate prop firm?
The Concept Trading is operated by The Concept AU/NZ Pty Ltd (ACN 652 938 399), a Corporate Authorised Representative under Vested Equities Pty Ltd, which holds AFSL No. 478987 in Australia. The firm is headquartered in Maroochydore, Queensland, with additional offices in Indonesia and the UK. This regulatory structure is more transparent than the typical offshore-registered prop firm setup. The firm has been operating since at least 2022.
What challenge programmes does The Concept Trading offer?
There are six programme types: Traditional (1-step, $1K–$2.5K accounts, 5% target), Foundation (2-step, $5K–$25K, 10%+5% targets), Premier (1-step, $3K–$25K, 7% target), Xtreme (1-step, $10K–$100K, 6% target, 3% drawdown), Empire (1-step, $10K–$200K, 10% target, 10% drawdown), and Instant Funded (no evaluation, multiple sizes). All fees are quoted in AUD.
What are The Concept Trading drawdown rules?
All drawdowns are static and calculated from the opening balance of each account level. Premier and Traditional use a 5% limit. Empire uses 10%. Xtreme uses 3% with an additional 3% daily loss limit. Foundation uses 4–6% depending on tier. There is no daily loss limit on Premier, Traditional, or Empire programmes. Hitting the drawdown limit closes the account immediately.
What platform does The Concept Trading use?
The Concept Trading uses TradeLocker exclusively across all programmes. MT4, MT5, cTrader, and DXtrade are not supported. Traders who have built EAs or strategies on MetaTrader will need to port them to TradeLocker before starting. The platform supports FX pairs, indices, metals, energy, crypto, and commodities.
Does The Concept Trading have a discount or coupon code?
No confirmed permanent discount code for The Concept Trading was found as of July 2026. The site has shown time-limited promotional banners, but no affiliate code is publicly active at this time. Check the official site at theconcepttrading.com for any current offers before purchasing.
Ready to try The Concept Trading?
Foundation 2-step from AUD $65. EAs, news trading, and algorithms all allowed. AFSL-backed Australian firm.
Visit The Concept Trading →