Forex Prop Trading in Australia | The Concept Trading (2024)

Trading our Prop accounts can give you access to funding of up to $20,000,000 of our capital, with 90% profit share to you.

Your Skills Our Capital. You Trade We Take the Risk

We Fund Professional Traders. Start Your Trading Life.

Traditional

Scaling every 5%

Scales by 50%

Scale up to $7.5M

No Restrictions

From $77

Premier

Scaling every 7%

Scales by 100%

Scale up to $5M

No Restrictions

From $297

Empire

Scaling every 10%

Scales by 50%

Scale up to $20M

No Restrictions

From $997

Traditional Prop Programme

Our Traditional Prop Accounts have 4 different account sizes.
• They all have static maximum drawdown of 5%.
Achieve 5% you level up.
• Next level will increase by 50%.
FULL drawdown at all times.
• It really is that simple, there are NO daily drawdown limits, NO time limits, and NO minimum number of trade limits.
• Intern accounts are on DEMO servers, Level 1 and higher are on LIVE servers.
• We have ONE RULE! Do not hit max drawdown.

Fee:

Account level Profit to trader Drawdown Target Junior Associate Floor Manager Assistant Manager Manager
Intern Opening Account Balance 0% 5% 5% $750 $1,500 $2,500 $5,000
Level 1 Opening Account Balance 50% 5% 5% $1,125 $2,250 $3,750 $7,500
Every Level Scaled by 50% up to $7,500,000 50% 5% 5% $1,688 $3,375 $5,625 $11,250
Top Level Account Opening Balance 90% 5% 5% $7,500,000 $7,500,000 $7,500,000 $7,500,000
Purchase Price $77 $147 $247 $497
Account level Profit to trader Drawdown Target Junior Associate Floor Manager Assistant Manager Manager
Intern Opening Account Balance 0% 5% 5% $750 $1,500 $2,500 $5,000
Level 1 Opening Account Balance 50% 5% 5% $1,125 $2,250 $3,750 $7,500
Every Level Scaled by 50% up to $7,500,000 50% 5% 5% $1,688 $3,375 $5,625 $11,250
Top Level Account Opening Balance 90% 5% 5% $7,500,000 $7,500,000 $7,500,000 $7,500,000
Purchase Price $75 $150 $250 $500

The Concept Advantages

  • Up to 90% Profit Payout
  • Profit payments from level 1
  • 90% Lock Rule
  • No daily drawdown limits
  • No time limits
  • No minimum trading days
  • Industry leading reputable executing broker

90% Lock Rule

Get PAID WEEKLY. No TARGET. Just Trade and Take Home 90% of your trading profits. The 90% Lock rule is where you can choose to lock your account to a level and receive 90% of the profit from that point on. Full details can be found on our rules page.

Join our Community

Follow and connect with our other traders and professionals to exchange ideas, trade recommendations and market analysis.

Three Over Three Prop Programme

Our 3 Over 3 prop accounts have 4 different account sizes.

• They all have a maximum drawdown of 5%
• Achieve 3% each month for 3 consecutive months to level up
• Funding first is 2.5 times then DOUBLES every level
FULL drawdown at all times
• It really is that simple, there are NO daily drawdown limits, NO time limits, and NO minimum number of trade limits.
• Intern accounts are on DEMO servers, Level 1 and higher are on LIVE servers.
• We have ONE RULE! Do not hit max drawdown.

For full details on how this programme works go to our RULES page

Fee:

Account level Profit to Trader Drawdown Target To Scale 3 On The Tree 4 On The Floor Automatic Paddle
Intern 5% 3% 3 Months of 3% $10,000 $20,000 $30,000 $40,000
Level 1 50% 5% 3% 3 Months of 3% $25,000 $50,000 $75,000 $100,000
Level 2 50% 5% 3% 3 Months of 3% $50,000 $100,000 $150,000 $200,000
Level 3 50% 5% 3% 3 Months of 3% $100,000 $200,000 $300,000 $400,000
Level 4 50% 5% 3% 3 Months of 3% $200,000 $400,000 $600,000 $800,000
Level 5 80% 5% N.A N.A $500,000 $1,000,000 $1,500,000 $2,000,000
Price $197 $397 $797 $1,597
Account level Profit to Trader Drawdown Target To Scale 3 On The Tree 4 On The Floor Automatic Paddle
Intern 5% 3% 3 Months of 3% $10,000 $20,000 $30,000 $40,000
Level 1 50% 5% 3% 3 Months of 3% $25,000 $50,000 $75,000 $100,000
Level 2 50% 5% 3% 3 Months of 3% $50,000 $100,000 $150,000 $200,000
Level 3 50% 5% 3% 3 Months of 3% $100,000 $200,000 $300,000 $400,000
Level 4 50% 5% 3% 3 Months of 3% $200,000 $400,000 $600,000 $800,000
Level 5 80% 5% N.A N.A $500,000 $1,000,000 $1,500,000 $2,000,000
Price $200 $400 $800 $1,600

The Concept Advantages

  • Up to 80% Profit Payout
  • Profit payment on level 1
  • 90% Lock Rule
  • No daily drawdown limits
  • No time limits
  • No minimum trading days
  • Industry leading reputable executing broker

90% Lock Rule

Get PAID WEEKLY. No TARGET. Just Trade and Take Home 90% of your trading profits. The 90% Lock rule is where you can choose to lock your account to a level and receive 90% of the profit from that point on. Full details can be found on our rules page.

Join our Community

Follow and connect with our other traders and professionals to exchange ideas, trade recommendations and market analysis.

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Frequently Asked Questions

All models have a 50% profit share arrangement. On the top level of your program you get 90% of the profit. Or you can opt for the 90% Lock Rule which allows you to receive 90% of the profit you make trading on that level you lock at.

On the Traditional and Preimer accounts, once you have hit the target you will be paid, whether that is in 4 days or 4 weeks. Or if you have selected the 90% lock rule, you can get paid weekly. Challange accounts when you become a funded trader you can also request weekly payments. There in NO-MINIMUM payments.

We offer payments throught the following: Bank Transfer, DEEL, Wise, PayPal and Crypto payments.

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.

No. But you do need to consider the impact your size will have on the market. Even in the very liquid market of FX that trades in trillions a day, large orders can move the market several pips and that can be costly when trying to enter or exit the market. When you are on the higher levels this will be very relevant to you and you should consider splitting the trade into smaller pieces so the market can soak up your size without being pushed too far in price.

We have both MT4 and MT5 available, with cTrader planned for the future.

All Prop accounts may operate on a server that is live, demo or another type.

Intern accounts are on a Demo server. Level 1 or higher accounts are on a live server.

Your new account will be issued within 24hrs.

FX Majors, FX Minors, FX Crosses, FX Exotics, Metals, Energy, Crypto, Indices, FX Index, Commodities.

There are some jurisdictions we do not actively target our search for traders but we accept traders from anywhere.

Yes, please register your interest here: affiliate and receive up to 10% of every sale that is made.

If the account fails, you have 30 days from the closure date to re-apply to receive a potential discount, subject to management approval.

If your application for an account is after that 30 days, then full rack rate will apply. All applications to re-enter the program will commence from the Intern level again.

No but Risk Management and correct lot sizing is a cornerstone to success and longevity in trading financial markets. 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.

For Traditional accounts this is 5% and for the Premier accounts this is 7% once this is achieved you qualify for the next level of funding.

For the Three Over Three, the scaling target is 3% each calendar month for 3 consecutive months.

For our top levels, or if an account is locked using our 90% Lock Rule, then there is no target and you can get 90% profit share.

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.

We do however have an inactivity clause as we do want you to be consistently working and scanning the markets for opportunities. Like everyone, we want our money to work for us. Therefore if the account is inactive, not traded, for 6 consecutive weeks it will be closed.

If the account does hit the draw down limit it will be closed.

You will need to pass AML/CTF laws and provide Identification. 99% of people will be able to do this. You will need to sign a Service Agreement and provide proof of identification and ownership of the bank account that you nominate your profits to be paid into. This must be completed before you receive your first payout.

Yes. We accept EA’s, algorithms, scalpers, anyone and everyone – without restriction. If you can make a profit from trading, we want you trading with us.

You can trade up to three accounts simultaneously.

Yes, the minimum age to participate is 18 years of age and older.

You’ve come to the right place; you can join our education programme where we teach you all about trading in the markets. Please check out our Learn to Trade page.

No, our executing broker is LCM-FX and is a STP Broker. We also have Fair Markets for our MT5 accounts. You will have a commercial arrangement with us. All Prop accounts are The Concept Trading accounts and you will be given access to sub accounts that we hold.

You can pay us with PayPal, Credit-card and Crypto.

Getting funded by The Concept Trading

Uncover the unmatched opportunities, benefits and compelling reasons that make us the ultimate preferred choice for you.

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Forex Prop Trading in Australia | The Concept Trading (2024)

FAQs

Are prop firms legal in Australia? ›

Yes, prop trading firms are legit and exist as real companies. They may not be registered directly in Australia but they allow citizens from there to access their funded accounts.

What is the best prop firm in Australia? ›

The Best Prop Trading Firms in Australia
  • Apex Trader Funding: Futures, 90% profit split, from $137/month, max balance $300,000. ...
  • City Traders Imperium: Forex, up to 100% profit split, from $49, max balance $2,000,000. ...
  • FTUK: Forex, 80% profit split, from $149, max balance $5,760,000.
Mar 12, 2024

Is forex trading allowed in Australia? ›

Foreign exchange (forex) trading is legal in Australia if regulated by the Australian Securities and Investments Commission (ASIC). Australia has an active retail forex trading market that is subject to strict regulations when it comes to licensing and authorization of forex brokers.

What is the best forex trading platform in Australia? ›

  • Fusion Markets. Best overall. ...
  • Pepperstone. Best forex trading platform in Australia for active traders. ...
  • Vantage Markets. Great forex trading platform for intermediate and advanced traders. ...
  • Eightcap. Good all-rounder forex trading platform. ...
  • IC Markets. Another good forex trading platform for advanced traders. ...
  • AvaTrade.

Why are prop firms getting shut down? ›

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

Do you need a license to be a prop trader? ›

Do proprietary trading firms need a license? Prop trading firms are less heavily regulated than regular brokerages and broker-dealers. However, if such laws apply, you must still properly register your business and get licensed.

Which is the most trusted prop firm? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Do prop firms really pay out? ›

There is nothing inherently scammy about the business model of prop firms. But how do they make money then? For starters, prop firms, of course, do not give money to just anyone who asks. Typically, they have a multi-stage evaluation process to make sure the traders they employ know what they are doing.

What are the negatives of prop firms? ›

Foreign Exchange Specialist at FTMO.
  • Strict Risk Management Rules and Trading Guidelines: ...
  • Profit Sharing: ...
  • Profit Targets During the Evaluation Period: ...
  • Limited Control Over Capital and Payouts: ...
  • Lack of Regulatory Oversight: ...
  • High Leverage and Margin Requirements: ...
  • Financial Risk and Capital Exposure:
Feb 11, 2024

Is forex taxed in Australia? ›

Are Forex Trading Profits Taxable? Australia is one of the countries which recognize Forex trading as a legitimate income-generating activity. As such, the profits you will make from this trade are subject to tax. However, there are other countries that have completely banned Forex trading like South Korea and Nigeria.

What is the best time to trade forex in Australia? ›

Best forex trading times Australia

23:00 to 03:00 (AEST) when both New York and London exchanges are open. 10:00 to 17:00 (AEST) when both Tokyo and Sydney exchanges are open.

Can I be a day trader in Australia? ›

Yes, day trading is legal in Australia. Although it is still important to make sure you are trading with a trusted and regulated provider. For example, IG is authorised and regulated by the Australian Securities and Investments Commission (ASIC).

Who is Australia's biggest trader? ›

China is our largest trading partner, accounting for 27% of our two-way trade. More than 40% of our exports go to Japan, Korea, India, the US, Taiwan and Singapore.

What is the safest trading platform Australia? ›

7 Best share trading platforms in Australia for 2024
  • eToro - 0% commission stock trading.
  • Tiger Brokers - New online brokerage.
  • IG Share Trading - Global stocks and ETFs.
  • CMC Invest - All-round Australian broker.
  • Superhero - No monthly account fees.
  • CommSec - ASX trading platform.
  • We Bull - Platform for day trading.

How many people trade forex in Australia? ›

More than 100,000 Australians Traded FX/CFDs in 2021

It has a strongly developed investment market, with at least 1.4 million retail investors actively involved every year. The number has more than doubled over the last decade and was estimated to be around 650,000 in 2010.

Are prop firms legal? ›

US law generally allows prop firms to operate and for them to provide traders with capital to trade. However, there are specific regulations regarding how prop firms can manage these funds and the relationship between the firm and the trader.

Are law firms regulated in Australia? ›

the supreme courts, through their inherent powers, regulate admission to the legal profession and the discipline of Australian lawyers. each state and territory enact legislation regulating Australian legal practitioners, foreign lawyers and the provision of legal services within their jurisdiction.

What is legal insider trading Australia? ›

Yes, insider trading is illegal in Australia under the Corporations Act 2001. The act prohibits insider trading in all financial products, including securities, derivatives, and managed investment schemes. Penalties for insider trading can include imprisonment, fines, and disqualification from managing corporations.

Is trading for a prop firm legal in India? ›

Is Forex Prop Firm Legal in India? Forex prop firms operate under the same legal framework as other proprietary trading firms in India. As mentioned earlier, they fall under the category of NBFCs and need to register with the RBI and SEBI.

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