We’ve listed out some rules to help guide you on your trading journey. Please review Consummate Trader’s rules and policies before purchasing an account
The number one technique in becoming a good and successful trader is proper risk management. We give enough time for traders to scale to the next phase, if you didn’t hit the target at the end of the specified time, get in touch so we can consider giving you an extension or retake the evaluation.
i. Phase I Evaluation: This phase is set to test your skills and ability to manage risk. You are required to achieve a profit target of 8% within 60 calendar days. Extension may be granted on request
ii. Phase II Evaluation: This phase overall confirms that yes indeed you are a good trader that follows rules. You are required to achieve a profit target of 5% within 60 calendar days. Extension may be granted on request.
NOTE: The countdown starts from the time the first trade is taken.
The maximum funded accounts per user is $600,000. This means that no user can have more than $600,000 in total across all their funded accounts at any given time.
We advise traders to be wary of their risk management profile, therefore, having a good trading plan, strategy and risk management will enable you complete the evaluation. However Consummate Traders ALLOW news trading, swing trading, scalping etc. But traders should note that the market has the highest volatility during events and news.
Consummate Traders offers some of the best products available for traders, you can trade FOREX, INDICES, SYNTHETIC INDICES, CRYPTOCURRENCIES, COMMODITIES, STOCKS and CFDs.
NOTE: Every now and then, product list may be updated based on the availability of liquidity, margin leverage and other factors, and we may remove a product should there be users not passing the evaluation phases due to those products. Traders can hold trades overnight, but all positions must be closed 15 minutes before market closing time on Friday. Except for SYNTHETIC INDICES AND CRYPTOCURRENCIES which can be traded on WEEKENDS.
Consummate Traders allow EA trading. We DO NOT allow latency arbitrage, reverse arbitrage, gap trading, opposite account trading or any trading activities that take advantage of the inefficiencies of MetaTrader platform. ANYONE part-taking in such activities will have their trades adjusted to the executed fill price that we have received from the liquidity pool and will consequently result to account suspension and subsequently termination. We advise traders to send us their source code if they wish.
After the evaluation phase consummate traders will pay you at the end of the first month and subsequently you get paid bi-weekly. Below is how traders will get paid in the evaluation phase:
The Evaluation phase offers an overall drawdown limit of 12% and a 6% daily drawdown of starting balance. Breaching this will result in a termination of account.
NOTE: Consummate traders may review a terminated account if a trader breached a drawdown rule whilst in profit. If you follow a proper risk management practice (Position size, number of trades etc), we may be forgiven to issue you your profit at the time of termination if appealed. However, we will not issue any payout of your profits if our review showed that you participated in risky trading and breached a drawdown rule.
Consummate traders are looking for consistent traders not gamblers. We help traders with a consistency rule that will guide them through their trading journey. Violation of this rule may result to account suspension and subsequently termination.
When a trader keeps within 200% score of weekly average by a deviation of 2, we say it is a decent way to increase or decrease risk consistency and the three (3) Key Performance Index (KPI) we use are; Lot sizes, trades, and number of trading days.
Consummate traders aim at offering an incremental payout system to traders. Therefore, if you achieved a profit of 10% or more within a 3-month period consecutively, your account size will be increased by 20% on request. Upon request, trader should be breakeven or positive with the account balance.
No traders at Consummate Traders are liable for losses. However, we ENCOURAGE traders to practice a good risk management and follow a good trading plan.
Mistakes can happen and we totally understand that. If you breached one of the rules, you are entitled to a discounted reset of that account.
Prices are: $5K, $10K, $25K, $50K, $100K, $200K, $400K
Consummate traders will refund all traders who pass the evaluation phase on their first profit-split period at the end of the first month. Not only will you receive the first month payout, but additionally you will receive your fee and 15% of the evaluation model profits.
Traders are responsible of ensuring account safety. We don’t reinstate accounts that have been hacked or distributed to third parties for trading and lost. In case of such get in touch with our team as quick as you can so we can handle the situation and run you through security protocols.
If you are planning to take a break from trading, you can reach to us so that we will pause your trading account. A 30 days inactive account will automatically be archived and If you do not reach us within 10 days with the reason for the inactivity, we will permanently suspend the account.
Consummate Traders reserve the right to reiterate, change and add to these rules.
We always emphasize on risk management, know your risk appetite and have a good trading plan.
There are two ways you can earn with the Express model.
i. The Lite Model earning: The lite earning allows you to earn 90% of the profit.
ii. The Pro Model earning: The pro earning allows you to earn up to 70% of the profit you make. There is no time limit or pressure to reach any profit target within a restricted period.
The maximum funded accounts per user is $600,000. This means that no user can have more than $600,000 in total across all their funded accounts at any given time.
We advise traders to be wary of their risk management profile, therefore, having a good trading plan, strategy and risk management will enable you complete the evaluation. However Consummate Traders ALLOW news trading, swing trading, scalping etc. But traders should note that the market has the highest volatility during events and news.
Making things easier for traders is our middle name, we make sure traders relax and take a minimum of 10 trades in a month or 3 trades per week, must not be consecutively, and you can take as much trades as you want without exceeding your risk. If this requirement is not met, consummate traders will RESET your account balance to starting balance at the end of the month.
Consummate Traders offers some of the best products available for traders, you can trade FOREX, INDICES, SYNTHETIC INDICES, CRYPTOCURRENCIES, COMMODITIES, STOCKS and CFDs.
NOTE: Every now and then, product list may be updated based on the availability of liquidity, margin leverage and other factors. Traders can hold trades overnight, but all positions must be closed 15 minutes before market closing time on Friday. Except for SYNTHETIC INDICES AND CRYPTOCURRENCIES which can be traded on WEEKENDS.
Consummate Traders allows EA trading. We DO NOT allow latency arbitrage, reverse arbitrage, gap trading, opposite account trading or any trading activities that take advantage of the inefficiencies of MetaTrader platform. ANYONE part-taking in such activities will have their trades adjusted to the executed fill price that we have received from the liquidity pool and will consequently result to account termination. We advise traders to send us their source code if they wish.
Consummate Traders daily loss limit dictates that you are permitted to lose 5% of your initial balance on any given day, and your maximum overall drawdown is 10%, that is to say your account balance/equity can’t go below 90% of the initial balance at any given day. Consummate traders always encourage traders to stick to proper risk management and good trading plan. In any account size, a 5% drawdown or higher will result in account suspension, our team will review whether a proper risk management is implemented before we can lease the account back only on request.
Consummate traders are looking for consistent traders not gamblers. We help traders with a consistency rule that will guide them through their trading journey. Violation of this rule may result to account suspension and subsequently termination.
When a trader keeps within 200% score of weekly average by a deviation of 2, we say it is a decent way to increase or decrease risk consistency and the three (3) Key Performance Index (KPI) we use are; Lot sizes, trades, and number of trading days.
Consummate traders aim at offering an incremental payout system to traders. Therefore, if you achieved a profit of 10% or more within a 4-month period consecutively, your account size will be increased by 20% up to 1 million dollars on request. Upon request, trader should be breakeven or positive with the account balance.
No traders at Consummate Traders are liable for losses. However, we ENCOURAGE traders to practice a good risk management and follow a good trading plan.
An account that incurs violation will be suspended and not will not qualify for any payout. Traders with account violation are entitled for a discount price should they want to continue with the program.
Prices are; $5K, $15K and $25K, $50K
Traders are responsible for ensuring account safety. We don’t reinstate accounts that have been hacked or distributed to third parties for trading and lost. In case of such get in touch with our team as quick as you can so we can handle the situation and run you through security protocols
If you are planning to take a break from trading, you can reach to us so that we will pause your trading account. A 30 days inactive account will automatically be archived and If you do not reach us within 10 days with the reason for the inactivity, we will permanently suspend the account.
Consummate Traders reserve the right to reiterate, change and add to these rules.
The number one technique in becoming a good and successful trader is proper risk management. We give enough time for traders to scale to the next phase, if you didn’t hit the target at the end of the specified time, get in touch so we give you extension or retake the evaluation.
i. Phase I Synthetics Evaluation: This phase is set to test your skills and ability to manage risk. You are required to achieve a profit target of 10% within 30 calendar days. Extension may be granted on request
ii. Phase II Synthetics Evaluation: This phase overall confirms that yes indeed you are a good trader that follows rules. You are required to achieve a profit target of 8% within 30 calendar days. Extension may be granted on request.
NOTE: The countdown starts from the time the first trade is taken.
The maximum funded accounts per user is $600,000. This means that no user can have more than $600,000 in total across all their funded accounts at any given time.
We advise traders to be wary of their risk management profile, therefore, having a good trading plan, strategy and risk management will enable you complete the evaluation. However Consummate Traders ALLOW news trading, swing trading, scalping etc. But traders should note that the market has the highest volatility during events and news.
For the Synthetic Package, Consummate Traders offers some of the best SYNTHETIC PAIRS available for traders. NOTE: Every now and then, product list may be updated based on the availability of liquidity, margin leverage and other factors, and we may remove a product should there be users not passing the evaluation phases due to those products.
Consummate Traders allows EA trading. We DO NOT allow latency arbitrage, reverse arbitrage, gap trading, opposite account trading or any trading activities that take advantage of the inefficiencies of Metatrader platform. ANYONE part-taking in such activities will have their trades adjusted to the executed fill price that we have received from the liquidity pool and will consequently result to account suspension and subsequently termination. We advise traders to send us their source code if they wish.
After the evaluation phase consummate traders will pay you at the end of the first month and subsequently you get paid bi-weekly. Below is how traders will get paid in the evaluation phase:
The Synthetics Evaluation phase offers an overall drawdown limit of 10% and a daily drawdown of 5% of starting balance. Breaching this will result in a termination of account.
NOTE: Consummate traders may review a terminated account if a trader breached a drawdown rule whilst in profit. If you follow a proper risk management practice (Position size, number of trades etc), we may be forgiven to issue you your profit at the time of termination if appealed. However, we will not issue any payout of your profits if our review showed that you participated in risky trading and breached a drawdown rule.
Consummate traders are looking for consistent traders not gamblers. We help traders with a consistency rule that will guide them through their trading journey. Violation of this rule may result to account suspension and subsequently termination.
When a trader keeps within 200% score of weekly average by a deviation of 2, we say it is a decent way to increase or decrease risk consistency and the three (3) Key Performance Index (KPI) we use are; Lot sizes, trades, and number of trading days.
Consummate traders aim at offering an incremental payout system to traders. Therefore, if you achieved a profit of 10% or more within a 3-month period consecutively, your account size will be increased by 20% on request. Upon request, trader should be breakeven or positive with the account balance.
No traders at Consummate Traders are liable for losses. However, we ENCOURAGE traders to practice a good risk management and follow a good trading plan.
We notice that it takes more time for traders with a standardized risk management to excel the evaluation phase, we got you covered. If you exceed the specified time limit for each phase without any breaches on your account, and have reached up to 6% of your target, you are entitled to up to 2 weeks. Only traders using proper risk management practices are entitled to extensions and to some degree a free retake.
Traders are responsible of ensuring account safety. We don’t reinstate accounts that have been hacked or distributed to third parties for trading and lost. In case of such get in touch with our team as quick as you can so we can handle the situation and run you through security protocols.
If you are planning to take a break from trading, you can reach to us so that we will pause your trading account. A 30 days inactive account will automatically be archived and If you do not reach us within 10 days with the reason for the inactivity, we will permanently suspend the account.
Consummate Traders reserve the right to reiterate, change and add to these rules.
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All information provided on this site is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!
Consummate Traders is managed by Kwakol Markets Pty Limited