Yeah sure Bro, When a prop firm says they will scale you up by 20% within 3 months, that simply means that if you’re being funded & you’ve traded the account for 3 month then you’ll be scaled by 20%
Let’s say you have a $10,000 funded account then you’ll be added 20% of the amount you’re being funded with the company, so now you’ll have a $12,000 account to trade with because 20% of $10k is $2k
This scaling is a continuous process as long as you’re still funded with the account, so whatever account size you have be it $10k $20k $50k or even $100k you’ll be scaled by 20% of your account size
Prop firms also merge accounts, let’s say you have $10,000 x 3 funded accounts with a firm, you can request for all your account to be merged into one, which means you’ll now have $30,000 Account
If you have just completed the challenge phase of your Prop firm account and if you're using Consummate Traders Prop-Firm then your Live Credentials would send it to you Within 24Hours, Max 24Hours and you'll receive your Live Account.
The Free trail is free without any charges and it’s for traders to practice & try out the prop firm and see how everything works before purchasing any of the packages to then later get a Live Account with them
During the Free trail all the Rules still applies and including the Daily/Max Drawdown but you’re just to make 5% on all free trails to pass but you won’t be given a Live Account to trade with…, Free trail is just for testing testing the Microphone 🎤🎙️
Yes there is Bro! You’re allowed 6% daily Drawdown for a day but I’ll advise if you have lost 4% to 5% for the day then stop for the day and come back tomorrow when the Daily DD has been reset
But for me I risk 3% a day on Any prop firm and if I have lost that for the day then I stop and come back tomorrow but after risking that and I’m profitable for the day then I can take more positions if I see a Good set up with confluences
No no sir, it’s a one time fee and you don’t need to repay after passing phase 1 on the Evaluation challenge accounts and the fee is Refunded back to you once you pass both phases and reach profit split
Yes Bro, I’m really excited about this Prop firm as it’s been runed by our own Brothers and the way the Firm is structured, it’s more beneficial to traders in all Angles
my.consummatetraders.com/register/RGF2aWRvMTU= Use the link to Register an Account with them and purchase an Account, you can as well reach out to me on IG @daviesfx_kings and I’ll be happy to help
Yes Sadly it’s once a month and I have dropped my concerns on their suggestions box already about it and it’s been considered and I believe they’ll make amends towards that
Because all their other competitors are doing Bi-weekly after the first month so I believe they would switch to that very soon, But apart from that every other thing is on point with the prop firm👌🏾
So far no, I have only seen MT4 and like when I bought mine, it didn’t let me to choose my Trading terminal either if it’s mt4 or mt5 just like MFF does
Their Spread is Quite Good., depending on the pair you’re trading Currently though and that’s because of the Broker the firm is using which is Kwakol Market
Express pro makes no sense because you purchased 5k account for 229 and your maximum DD is 250 so it means buying a 5k account is like you depositing your 229 to your broker so be mindful of your lot size cuz it’s very easy to go against maximum DD on express pro acct
Yes Bro!! All Prop firms that have packages that goes straight to live accounts without any challenges is the same, your Amount for purchase is literally your Max DD
It’s the same thing as depositing that into your Broker account but with professional/experience traders it’s different, Because the Buying & selling power of a $250 acct and $5k is different
That’s why those accounts types are for pros and the way they trade it is that, they could get in on a position with small lot size & continue scaling in on that move to maximize their profits OR they could use medium lot sizes and get into trades with minimal draw down and capitalize on that
@@DaviesFx_kings The buying power is different which means with 5k account and a max DD of 229 you have to be extra mindful of your lots size and must always be a sniper each time you trade . Logically if u have a hard time passing the challenge then u will surely blow up the direct funding acct in no time. But all I see is that Consummate has no unique selling point to make them really wow ….
Also it’s Max DD for the account and no any daily Draw down, which means if you make extra $500 that adds to your overall $250 max drawdown on the account which means you now have $750 to play with
Bro you mean the KYC section right!? Mine also isn’t working despite the fact that I have tried couple of times but I think it would be available when you pass your challenges before You’re given the Live Account, just like other firms does out there
But this doesn’t stop you from purchasing an Account But what you can do is go to the Profile section, scroll down and fill in the General Data field and you’re Good to go👍🏽
This is pure gimmick. Express lite offers 1phase evaluation of 15k account which you have to make 10percent which is almost practically the same as 10k challenge of other prop firm which you make 8% on phase 1 and 5% on phase 2. Nothing is practically unique about this company except a repetition of what is already obtainable out there.
But on the $15k Express Lite account, you have to make $1,500 with Zero minimum trading days and be funded with a $15k Live Account.., Also their Daily DD is 1% extra higher than other firms out there
@@DaviesFx_kings Minimum trading days makes no sense for a selling point when they know traders can literally trade 0.01 to make up days.As a rule of thumb any strategy that makes you loose more than 5% on daily DD will hardly survive prop firm in the long run.
Will be waiting for the outcome video
Yeah for sure, I’ll make a video
😊🤝🏻 I'm really motivated seeing your channel bro... I pray for higher height 🙌🏻💯
Amen 🙏🏽 we’ll definitely get to Higher Heights 💯 I’m Glad ☺️ My channel is a motivation to people out there, I’m Grateful & I appreciate 🙏🏽
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Can you trade oil and gold on an evaluation or expresslite?
Yes definitely, use the link below in the description to register an Account on consummate
Can you have V75 as synthetic index inside ? Because I took a trial one but I’m not seeing any of v (75, 10, 100) at all
I don’t trade synthetic Index but you can contact Customer service and enquire before purchasing an Account with them
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I'm motivated by you Boss 💪
Thank you 🙏🏽 Please Like and Subscribe to the channel
Waw this I formation is really help
Pls can you explain Abt the scaling part I don't understand what they meant by that
Yeah sure Bro, When a prop firm says they will scale you up by 20% within 3 months, that simply means that if you’re being funded & you’ve traded the account for 3 month then you’ll be scaled by 20%
Let’s say you have a $10,000 funded account then you’ll be added 20% of the amount you’re being funded with the company, so now you’ll have a $12,000 account to trade with because 20% of $10k is $2k
This scaling is a continuous process as long as you’re still funded with the account, so whatever account size you have be it $10k $20k $50k or even $100k you’ll be scaled by 20% of your account size
Prop firms also merge accounts, let’s say you have $10,000 x 3 funded accounts with a firm, you can request for all your account to be merged into one, which means you’ll now have $30,000 Account
I Hope you now understand Bro, Please subscribe, Like and share🙏🏽
In the synthetic, do they trade boom and crash?
Yes they do offer them on the synthetic Account, they are the first prop firm to achieve this Milestone
Does this prop firm trades synthetic indices (volatility index, boom and crash)????
Yes Bro, this Prop firm is the only firm that I have seen that offers Synthetic Accounts.
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I have passed my challenge but I still haven't gotten my live account why is that?
If you have just completed the challenge phase of your Prop firm account and if you're using Consummate Traders Prop-Firm then your Live Credentials would send it to you Within 24Hours, Max 24Hours and you'll receive your Live Account.
Is the Daily Drawdown equity or balance based?
Both Equity and Balance Based, you mustn’t exceed 6% daily Drawdown either on your Balance or running trades on Equity in a day,
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Can you say something about the free trial? Is it that if you get the profit target on the free trial you’ll be given a live account??
No Bro, not at all! The Free trail is just like a Demo Account on your own Broker account to practice and see how everything looks like and works
The Free trail is free without any charges and it’s for traders to practice & try out the prop firm and see how everything works before purchasing any of the packages to then later get a Live Account with them
During the Free trail all the Rules still applies and including the Daily/Max Drawdown but you’re just to make 5% on all free trails to pass but you won’t be given a Live Account to trade with…, Free trail is just for testing testing the Microphone 🎤🎙️
I Hope you understand now, Please Like and subscribe to the RUclips Channel🙏🏽
Any consistency rule or how much we allowed to risk per trade?
Yes there is Bro! You’re allowed 6% daily Drawdown for a day but I’ll advise if you have lost 4% to 5% for the day then stop for the day and come back tomorrow when the Daily DD has been reset
But for me I risk 3% a day on Any prop firm and if I have lost that for the day then I stop and come back tomorrow but after risking that and I’m profitable for the day then I can take more positions if I see a Good set up with confluences
Thanks sir stay blessed and happy trading greetings from Germany
Thank you 🙏🏽 Please Like and subscribe to the channel, Have a wonderful day🤗
Hi how are you doing
I wanted to ask if this prop firm is legit?
Will someone on passing the first phase pay another money to qualify for the second phase?
No no sir, it’s a one time fee and you don’t need to repay after passing phase 1 on the Evaluation challenge accounts and the fee is Refunded back to you once you pass both phases and reach profit split
I hope you do understand now, Please Like and Subscribe to the channel🙏🏽❤️
Good work, i don't know why i feel this pro firm belong to Jeff Benson...
We’re to wait for their official announcement but on Habby’s previous video on YT he’s words shows he owned the Prop firm
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@@DaviesFx_kings but you are doing a good work,well done to you and the team.....we need pro firms owned by africans now..
Thank you so much Brother for the compliments and Good words, it encourages the spirit more🥰
Yes Bro, I’m really excited about this Prop firm as it’s been runed by our own Brothers and the way the Firm is structured, it’s more beneficial to traders in all Angles
Please how can I reach you privately
Thank you for Reaching out🙏🏽 you can send me a message via IG @daviesfx_kings and I’ll send you my private WhatsApp Number
Hello bro
Hello Brother
For those who don't have PC can they make use of their Android.
Yes Bro for sure you can, I started out with an Android phone tecno puviour 3 phone before I bought my first Laptop
I had to always put the phone on portrait mode and so that I’ll have enough room and space to see the chart and analyze better
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I want to join consumerate trading
my.consummatetraders.com/register/RGF2aWRvMTU=
Use the link to Register an Account with them and purchase an Account, you can as well reach out to me on IG @daviesfx_kings and I’ll be happy to help
Please like and subscribe to the channel🙏🏽❤️
😮😮😮
Yeah bro
You're good. But my question is, have you latter withdraw from the site
No I haven’t done any withdrawals yet as on the video i literally purchased the Express lite account & I’m currently trading it
I’ll definitely make a video about withdrawals when I get to profit split but I have done my diligent research about the firm and they are Legit
@@DaviesFx_kings
Ok bro
Is the withdrawal once a month?.....if yes that's not really ok
Yes Sadly it’s once a month and I have dropped my concerns on their suggestions box already about it and it’s been considered and I believe they’ll make amends towards that
Because all their other competitors are doing Bi-weekly after the first month so I believe they would switch to that very soon, But apart from that every other thing is on point with the prop firm👌🏾
Please Like and subscribe to the channel🙏🏽❤️
Does it work with MT5 ?
So far no, I have only seen MT4 and like when I bought mine, it didn’t let me to choose my Trading terminal either if it’s mt4 or mt5 just like MFF does
But with time I think they’ll add on MT5
Their spread is too much. They should do something abt it. Am trading d 5k accnt now
Their Spread is Quite Good., depending on the pair you’re trading Currently though and that’s because of the Broker the firm is using which is Kwakol Market
Good Luck to you on your Challenge Account Bro, Please Like and Subscribe to the channel🙏🏽❤️
Express pro makes no sense because you purchased 5k account for 229 and your maximum DD is 250 so it means buying a 5k account is like you depositing your 229 to your broker so be mindful of your lot size cuz it’s very easy to go against maximum DD on express pro acct
Yes Bro!! All Prop firms that have packages that goes straight to live accounts without any challenges is the same, your Amount for purchase is literally your Max DD
It’s the same thing as depositing that into your Broker account but with professional/experience traders it’s different, Because the Buying & selling power of a $250 acct and $5k is different
That’s why those accounts types are for pros and the way they trade it is that, they could get in on a position with small lot size & continue scaling in on that move to maximize their profits OR they could use medium lot sizes and get into trades with minimal draw down and capitalize on that
@@DaviesFx_kings The buying power is different which means with 5k account and a max DD of 229 you have to be extra mindful of your lots size and must always be a sniper each time you trade . Logically if u have a hard time passing the challenge then u will surely blow up the direct funding acct in no time. But all I see is that Consummate has no unique selling point to make them really wow ….
Also it’s Max DD for the account and no any daily Draw down, which means if you make extra $500 that adds to your overall $250 max drawdown on the account which means you now have $750 to play with
Wow
U mean someone can get up to 85% of the profit for the $5000 account
Yes Bro and even up to 90% profit split
Verification is not working on consumatetrade please help me
Bro you mean the KYC section right!? Mine also isn’t working despite the fact that I have tried couple of times but I think it would be available when you pass your challenges before You’re given the Live Account, just like other firms does out there
But this doesn’t stop you from purchasing an Account But what you can do is go to the Profile section, scroll down and fill in the General Data field and you’re Good to go👍🏽
Hope you now understand Bro! Please Like and subscribe to the channel🙏🏽❤️
Thanks guy's
This is pure gimmick. Express lite offers 1phase evaluation of 15k account which you have to make 10percent which is almost practically the same as 10k challenge of other prop firm which you make 8% on phase 1 and 5% on phase 2. Nothing is practically unique about this company except a repetition of what is already obtainable out there.
Yes but depends on how you look at it Bro, on other firms like you mentioned phase 1 & 2 profit target is $1,300 to be funded a $10,000 Live Account
But on the $15k Express Lite account, you have to make $1,500 with Zero minimum trading days and be funded with a $15k Live Account.., Also their Daily DD is 1% extra higher than other firms out there
@@DaviesFx_kings Minimum trading days makes no sense for a selling point when they know traders can literally trade 0.01 to make up days.As a rule of thumb any strategy that makes you loose more than 5% on daily DD will hardly survive prop firm in the long run.
Do you have a telegram channel
No, not at the moment Bro
Bro what your name on IG I like to reach you an important conversation
Yeah sure Bro, @daviesfx_Kings that’s my IG. Send me a message there and we can talk
Please Like & subscribe to the channel🙏🏽❤️