Here is the deal:
If you want to grow your trading career, you need access to substantial trading capital to turn it into a full-time income and improve one’s financial situation.
Here’s the Gist:
Making 30% on a $100 account is $300
Making 30% on a $10,000 account is $3000
Making 30% on a $100,000 account is $30,000.
You see the power of getting exposed to large capitals can results to larger returns even with the same ROI. and that is because the same stress it took to grow a $1000 account is the same as a $100,000 account.
So why trying to flip your small account agressively to make substainable income rather than trading funds from prop firms, because growing account as an agressive trader can results in blowing up your account when the trade goes wrong.
And that is why prop firm like consummate traders comes in as they offer you access to large trading capital (up to $1 million) to maximize your profits for an affordable fee (more on that later).
Rather than trading clients’ money, they offer you their own capital and they take your risk and you both split profits (up to 90% in stimulated funding).
The Good part: They have no challenge Duration, which means you have unlimited time to pass any of their challenge
Good news!
You never have to worry about challenge duration again, as you know have unlimited days to pass your challenges!
You want to take your time, we are with you!
PS: This new development is only available for evaluation accounts pic.twitter.com/4JHlXGgXKa
— Consummate Traders (@ConsummateTrdrs) July 14, 2023
So in today’s post, we are going to cover an in-depth review of Consumate Traders.
let’s dive right in.
What Is Consummate Trader?
Consummate Traders is a Nigerian proprietary trading firm empowering traders with resources, tools, and access to substantial capital to scale up their trading and maximize their profits.
This allows traders to trade with larger positions, take advantage of more significant trading opportunities, and potentially generate higher profits.
Not just that, you can also trade Forex, commodities, synthetics, stocks, CFD, and indices on consummate traders.
Here is the deal:
If you want to grow your trading, you need access to substantial trading capital to turn it into a full-time income and improve one’s financial situation.
Making 30% on a $100 account is $300
Making 30% on a $10,000 account is $3000
Making 30% on a $100,000 account is $30,000.
You see the power of getting exposed to large capitals can results to large returns. and that is because the same stress it took to grow a $1000 account is the same as a $100,000 account.
So why trying to flip your small account agressively to make substainable income rather than trading funds from prop firms, because growing account as an agressive trader can results in blowing up your account when the trade goes wrong.
And that is why prop firm like consummate traders offers you access to large trading accounts (up to $1 million) to maximize your profits for an affordable fee.
Rather than trading clients’ money, they offer you their own capital and they take your risk and you both split profits (up to 90%).
So in today’s post, we are going to cover an in-depth review of Consumate Traders as I will be putting them to test.
let’s dive right in.
What Is Consummate Trader?
Consummate Traders is a Nigerian proprietary trading firm empowering traders with resources, tools, and access to substantial capital to scale up their trading and maximize their profits.
This allows traders to trade with larger positions, take advantage of more significant trading opportunities, and potentially generate higher profits.
Not just that, you can also trade Forex, commodities, synthetics, stocks, CFD, and indices on consummate traders.
How Do Consummate Traders Work?
They consist of (4) models that suit whatever trading style and objects.
- The Evaluation Phase
- Express Lite Phase
- Express Pro
- Synthetics
And I will cover them in a bit.
The Evaluation Phase:
During the evaluation phase, Consummate Traders follows similar rules as other proprietary trading firms in the industry.
However, what sets them apart is that they offer traders a unique hedge, distinguishing them from other firms in the same industry.
What are they:
- A 90% profit split while other offers a 70-80% profit split
- No minimum trading days
- Unlimited time to pass a challenge
The evaluation phase account also comes with different prices which is something not new like that of its competitors.
As you can see in the image below.
- $5,000 costs $49
- $10,000 costs $84
- $25,000 costs $199
- $50,000 costs $299
- $100,000 costs $499
- $200,000 costs $979
- $400,000 costs $1,849
The trading rules at this proprietary trading firm are similar to other firms I’ve come across.
To qualify for funding in different account sizes, you need to demonstrate your proficiency in proper trading.
By doing that, you will be given (2) phases to partake in and must be able to pass.
Phase 1: 8%
Phase 2: 5%
There are two phases to pass, with Phase 1 requiring an 8% profit with no time duration and Phase 2 requiring a 5% profit.
A trader has enough time duration to meet this challenge because they are no time limits.
However, there are terms and conditions associated with these phases, including not exceeding a 6% daily drawdown and a 12% maximum drawdown.
What Does This Mean?
Let’s say you purchase a $5000 account on the consummate trader, you are expected to make losses which is nonnegligible but these losses always have limits.
According to consummate traders, you are only allowed to make a $300 loss per day and not exceed the $600 maximum drawdown.
If so, then your account will be withdrawn from you with no refund fee (learn more).
If you meet these challenges without violating any rules, you will receive your registration fee back, regardless of your evaluation plan, along with a funded account and 90% of any profit you make.
The Express-Lite Phase:
Beyond trials and testing, the express lite phase pretty much works the same as the evaluation phase.
But this time, you are left with one phase to meet up with.
Account size varies from
- $5k which cost $69
- $15k costs $169
- $25k costs $269
- $50k cost $499
With this plan, you are expected to make 10% of a pricing plan within the period of 2 months.
Any profits you make within that period, 15% will be rewarded to you.
And the Good Part is: It has no profit target and minimum trading days.
Just sign up and start trading, if you have confidence in your trading approach, and if not >>Click Here<< to learn My profitable trading approach.
The daily drawdown is pretty much the same as that of the evaluation phase but the overall drawdown on this package is 10%.
That said.
The Express-Pro Phase:
Most experienced traders are aware that time commitment can be a significant and sometimes burdensome factor, particularly when it comes to these phases in prop firms.
And the express pro allows you to surpass these phases by offering you a direct live funded account with no profit target.
As shown above, account size varies from the following.
- A $5000 costs $229
- $15,000 costs $669
- $25,000 costs $1119
- $50,000 costs $2229
Whichever price suits your budget then go for it.
Synthetics:
If you are a synthetic trader, no worries. consummate trader prop firm also allows you to trade synthetic as well.
Their pricing varies and you can learn more about their Trading models
Are consummate traders legit?
We’re not partnered with consummates representatives, so our reviews are unbiased. They provide a brief overview of what their features include.
To get a thorough understanding and feedback from numerous traders who have used their products, please visit their Trustpilot reviews. You can make your judgment based on that.
Which broker do consummate traders use?
Consummate traders are partners with Kwakol Markets brokerage firms owned by Yakubu Ishaku Teri who is the CEO and Managing Director of Kwakol Markets.
FAQ
Do consummate traders Support Mt4?
Consummate traders support both mt4 and mt5 and it solenly depends on the platforms you are familiar with or prefer to use.
Does Consummate Trader Accept Local Transfer For Nigerians?
They accept local bank transfers and also payments in cryptocurrencies as well.
If you are in Nigeria, you can easily fund your account with a local bank transfer and upload your payment details on your consummate dashboard as proof of payment.
Are Consummate Trader Forex Investments?
Consummate Traders is not a forex investment company and does not offer any investment opportunities. Their primary focus is to provide traders with access to larger trading accounts, similar to prop firms, and that is the core purpose of their establishment.
2 thoughts on “Consummate Traders Review: What You Need To Know”
Do you make local bank withdrawal, from my wallet, if I make deposit through local bank. Please I want to know, because I am confused.
Consummate trader accepts local bank transfer for Nigerians with proof of payment uploaded on the consummate dashboard. Can Nigerians make direct withdrawals from consummate trader to their local banks aswell?
Please, I need an answer to the above question as soon as possible.
Thanks