Exploring the world of forex trading with Consummate Traders offers an unparalleled opportunity for traders seeking substantial capital and flexible trading conditions. This in-depth review delves into the various aspects of Consummate Traders, a leading prop firm in Africa, highlighting its programs, funding options, and unique advantages that set it apart in the competitive trading landscape. Whether you’re a novice or a seasoned trader, understanding what Consummate Traders has to offer is the first step towards amplifying your trading potential.

Consummate Traders – SCAM (IGNORE THE OLD REVIEW)

As a foremost proprietary trading firm, Consummate Traders distinguishes itself by offering retail traders the opportunity to control substantial trading capital, with amounts up to $400,000. This provision comes along with an attractive profit split of up to 90%, presenting a significant opportunity for traders to maximize their earnings. A key differentiator of Consummate Traders from other prop firms is its unique offering of synthetic indices, further enhancing the trading options for its clients. The firm’s initiatives have successfully enabled thousands of retail traders to manage large accounts and reach new heights in profit generation.

How to Sign Up for Consummate Traders

To begin your journey with Consummate Traders, follow these straightforward steps:

Step 1: Visit the Official Website

Start by clicking here to access the official Consummate Traders website.

Step 2: Fill Out Your Information

Once there, enter your personal information such as your name, email address, and a secure password.

Step 3: Complete the Sign-Up Process

After entering your details, click the ‘Sign Up’ button to proceed.

Step 4: Email Verification

Check your email inbox for a confirmation message from Consummate Traders. This email is important for verifying your identity and activating your account.

Step 5: Activate Your Account

Follow the link in the email to activate your account, paving the way to start trading with substantial capital through Consummate Traders.

Understanding the Working Mechanism of Consummate Traders

The Consummate Traders model is designed to empower retail traders by offering access to substantial trading capital. This London-based company is recognized as one of the top proprietary trading firms, notable for its flexible and trader-friendly rules.

Key Categories of Consummate Traders

Consummate Traders’ program is divided into five distinct categories, each tailored to different trading needs and goals:

• Evaluation Phase: A preliminary stage where traders showcase their trading skills and risk management.
• Express Lite: Designed for traders seeking a faster route to trading with significant capital.
• Express Pro: An advanced version for experienced traders, offering enhanced features and benefits.
• Synthetic: A unique category focusing on synthetic instruments and specialized trading strategies.
• Bi-Weekly Evaluation: This phase involves regular assessments to ensure consistent performance and adherence to trading guidelines.

Each category within Consummate Traders is structured to cater to the diverse requirements of traders, from novices to seasoned professionals, ensuring a comprehensive and inclusive trading environment.

The Evaluation Phase at Consummate Traders

In the evaluation phase of Consummate Traders, several features distinctly set it apart from other prop trading firms, making it more accommodating and beneficial for traders.

Exceptional Profit Splits

One of the standout features of Consummate Traders is their generous profit split. Offering a 90% share to the trader, they surpass many other firms that typically provide between 70-80%. For example, on a $10,000 funded account purchased for $80, a 15% profit of $1,500 results in the trader receiving $1,350, while only $150 goes to the firm. This high-profit split is a significant advantage for traders looking to maximize their earnings.

Flexibility in Trading Days

Another notable aspect is the absence of a minimum trading day requirement. This flexibility allows traders to operate as frequently as they wish, with the opportunity to be funded with a real account upon reaching their profit target. This approach contrasts with other firms that impose minimum trading day restrictions.

Accessible Profit Targets

The profit target for phase one is set at 8%, and for phase two, it is 5%. In practical terms, this means that on a $10,000 account, achieving $800 in profits marks the completion of phase one, and an additional $500 in profits leads to phase two completion, resulting in the trader being funded with a real account of $10,000.

Maximum Daily Loss and Drawdown Limits

Consummate Traders also sets a maximum daily loss limit of 6%, ensuring traders do not lose more than 6% of their account value in a day. For a $10,000 account, this equates to a $600 limit, which is more accommodating compared to the 4-5% offered by some firms. Additionally, the maximum loss (drawdown) allowed in this phase is 12%, higher than the typical 8-10% offered elsewhere, further demonstrating the firm’s commitment to trader success.

Attractive Packages and Refund Policy

During the first month of being funded, traders receive 15% of their evaluation phase fee as a refund, along with up to 85% of their earned profits. Subsequent profits are shared at a rate of 90%. The evaluation phase offers various packages, including:

• $5,000 for $49
• $10,000 for $84
• $25,000 for $199
• $50,000 for $299
• $100,000 for $499
• $200,000 for $979
• $400,000 for $1,849

Important Note: If this review has piqued your interest in signing up for Consummate Traders, click here to visit their official site and start your trading journey.

Express Lite at Consummate Traders

Consummate Traders offers an Express Lite option, streamlined for traders seeking a more direct path to funding. This option is distinct from the standard evaluation phase in several key ways.

Simplified Funding Process

Unlike the two-phase process in the evaluation stage, Express Lite requires traders to complete just one phase to qualify for funding.

Profit Target and Timeframe

The profit target in Express Lite is set at 10% of the initial capital, and traders are given a 60-day period to achieve this goal. Once the 10% target is reached, Consummate Traders will automatically provide the trader with a real account.

Trading Flexibility

Express Lite maintains the benefit of no minimum trading days, allowing traders the freedom to operate on their own schedule.

Risk Management Parameters

The daily loss limit is set at 6%, and the total drawdown permitted is 10%, ensuring a balanced approach to risk management.

Profit Split Structure

In the Express Lite program, the profit split is favorably set at 80%, providing traders with a substantial share of their earnings.

Available Packages

Express Lite includes several package options to suit different investment levels:

• $5k package for $69
• $15k package for $169
• $25k package for $269
• $50k package for $499

Important Note: If you’re interested in joining the Express Lite program at Consummate Traders, click here to sign up and visit their official site.

Express Pro at Consummate Traders

Express Pro, offered by Consummate Traders, is tailored specifically for professional traders who prefer to bypass the evaluation phase and dive straight into trading.

Direct Access to Trading

With Express Pro, there are no preliminary phases. Traders can select and purchase the account of their choice and begin trading immediately.

Minimum Trading Days Requirement

Traders are expected to trade for a minimum of five days before they can request withdrawals, ensuring a reasonable period of active trading.

Risk Management in Express Pro

The maximum loss limit is set at 5% of the total capital. This means traders should not lose more than 5% of the total account value provided in the Express Pro program.

Profit Sharing Model

Consummate Traders offers a 70% profit split to traders in the Express Pro program, allowing professionals to retain a significant portion of their earnings.

Available Packages

Express Pro includes a range of packages to accommodate different levels of investment:

• $5,000 package for $229
• $15,000 package for $669
• $25,000 package for $1,119
• $50,000 package for $2,229

Important Note: If you are a professional trader interested in the Express Pro option at Consummate Traders, click here to sign up and visit their official website.

Synthetic Indices at Consummate Traders

The Synthetic Indices program at Consummate Traders is a specialized offering for traders interested in synthetic markets, featuring a structured approach to funding.

Phased Funding Criteria

To receive funding for a synthetic account, traders must successfully navigate through two phases. The first phase requires a profit of 10% of the initial account value, followed by an 8% profit in the second phase. Upon achieving these targets, traders are automatically transitioned to a real synthetic indices account.

Risk Management Parameters

The program enforces a maximum daily loss limit of 5%, coupled with a total drawdown cap of 10% for the synthetic account. This structure is designed to encourage prudent risk management among traders.

Minimum Trading Days

A key requirement is that traders must engage in trading for a minimum of seven days. Should traders complete the phase targets in less than seven days, they are still required to continue trading to meet this minimum duration to qualify for funding.

Profit Sharing Arrangement

The profit split in the Synthetic Indices program is set at 70%, offering a substantial portion of the profits to the traders.

Available Packages

Consummate Traders provides various packages for those interested in trading synthetic indices:

• $5,000 package at a cost of $99
• $10,000 package at a cost of $189
• $20,000 package at a cost of $294

Important Note: If you wish to explore trading synthetic indices with Consummate Traders, click here to sign up and visit their official site.

Bi-Weekly Evaluation at Consummate Traders

The Bi-Weekly Evaluation program by Consummate Traders introduces a unique payout structure, allowing traders to withdraw profits from their real funded accounts more frequently.

Frequent Withdrawal Opportunities

After successfully passing the evaluation phase, traders in the Bi-Weekly Evaluation program have the option to withdraw profits every two weeks, offering more regular access to earnings compared to the standard monthly schedule.

Profit Targets and Funding

The profit target for phase one is 8%, and for phase two, it’s 5%. Upon achieving these targets, traders are automatically provided with a real account and can begin receiving bi-weekly payouts.

No Minimum Trading Days

This program does not impose any minimum trading days, granting traders the freedom to trade according to their strategy and pace.

Risk Management Parameters

The maximum daily loss limit is set at 6% for any purchased account. Additionally, the total drawdown permitted for the account is capped at 10%, encouraging responsible trading and risk management.

Package Options

The Bi-Weekly Evaluation program offers a variety of packages to accommodate different trading preferences and capital requirements:

• $5,000 package for $57
• $10,000 package for $97
• $25,000 package for $229
• $50,000 package for $344
• $100,000 package for $574
• $200,000 package for $1,126
• $400,000 package for $2,126

Important Note: Interested in the Bi-Weekly Evaluation program with Consummate Traders? Click here to sign up and explore their official site.

Is Consummate Traders Legitimate?

Many traders often inquire about the legitimacy of Consummate Traders, a prop firm known for funding retail traders with significant capital. Based on available information and user experiences, Consummate Traders is indeed a legitimate proprietary trading firm. They have a track record of providing retail traders with large accounts, enabling them to elevate their trading skills. Additionally, there are numerous instances of successful withdrawals by traders, which serve as proof of the firm’s reliability and transparent operations. Importantly, Consummate Traders operates without imposing any hidden charges or fees, further solidifying their reputation as a trustworthy and credible prop firm in the trading community.

How to Deposit on Consummate Traders Account

Depositing funds into your account with Consummate Traders is a straightforward process, with multiple payment options to cater to various preferences.

Deposit Using Stable Coins

For those who prefer using cryptocurrencies, Consummate Traders accepts stable coins such as USDT-ETH and USDT-TRX. This option is ideal for traders looking for a stable cryptocurrency option.

Deposit Using Cryptocurrencies

In addition to stable coins, Consummate Traders also accepts major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This provides flexibility for traders who are familiar with and prefer using these digital assets.

Deposit Using Online Payment Methods

For a more traditional approach, Consummate Traders offers online payment methods. These include card payments, USSD, instant payment options, and bank transfers. This variety ensures that traders can choose the most convenient and familiar method for their transactions. With these diverse deposit options, Consummate Traders makes it easy and convenient for traders to fund their accounts and start trading.

Is Consummate Traders Worth It?

When considering whether Consummate Traders is a worthwhile choice for funding a forex account, the answer is decidedly positive. Consummate Traders stands out as a valuable option for those looking to trade with substantial capital. This prop firm offers a straightforward path to getting funded without any hidden fees or charges. This aspect is particularly appealing to traders who seek transparency and fairness in their trading endeavors. Furthermore, there are numerous testimonials from traders, including my own students, who have successfully withdrawn their profits, highlighting the firm’s reliability and effectiveness. These real-world examples provide assurance and confidence to new traders considering Consummate Traders as their funding partner. In summary, for anyone aiming to step into the world of forex trading with significant capital, Consummate Traders presents itself as a credible and worthwhile option.

Who is the Owner of Consummate Traders?

Consummate Traders, a prop trading firm, was established by two notable figures in the trading world: Jeffery Benson and Habby Forex. These individuals are well-known, particularly in Nigeria, for their contributions and expertise in day trading.


The primary motivation behind the founding of Consummate Traders was to support the growth and development of upcoming African traders. Jeffery Benson and Habby Forex recognized the challenges faced by traders in the region, particularly in terms of accessing substantial capital for trading. By establishing Consummate Traders, they aimed to bridge this gap, providing a platform where African traders could gain access to the necessary funds to enhance their trading potential and achieve greater success in the forex market. This initiative by Jeffery Benson and Habby Forex reflects their commitment to empowering traders in Africa and contributing to the broader trading community.

Is Consummate Traders a Broker? Regulatory Status

When understanding the nature of Consummate Traders, it’s important to clarify its role in the trading industry. Consummate Traders is not a broker; rather, it operates as a proprietary trading firm. Its primary function is to provide traders with increased capital to enhance their trading activities. Furthermore, Consummate Traders has established a partnership with Kwakol Markets Ltd., which is a crucial aspect of its operational framework. Kwakol Markets Ltd. is a broker that is regulated and licensed, adhering to the guidelines set forth by the Australian Securities and Investments Commission (ASIC). This regulatory oversight ensures that Kwakol Markets Ltd. maintains standards of transparency, reliability, and ethical financial practices. The collaboration between Consummate Traders and a regulated entity like Kwakol Markets Ltd. adds an additional layer of trust and legitimacy for traders using Consummate Traders’ services, as they can be assured of a regulated trading environment through this partnership.

What Happens After Passing the Evaluation Phases in Consummate Traders?

Successfully navigating through the evaluation challenge at Consummate Traders leads to a significant milestone for traders.

Funding with a Real Account

Upon passing the evaluation phases, Consummate Traders provides traders with a real trading account. This account becomes a permanent asset for the trader. For example, if a trader purchases and passes the evaluation for a $10,000 account at the cost of $80, the entire $10,000 in the account is then fully accessible to the trader.

Withdrawal Options

Traders have the flexibility to make withdrawals from this account. They can opt to withdraw up to 5% of the account value, either monthly or bi-weekly. In the case of a $10,000 account, this amounts to up to $500. Furthermore, traders have the option to adjust this percentage based on their trading strategy and psychological comfort. This system offers a blend of flexibility and control, allowing traders to manage their earnings and trading strategy effectively after passing the evaluation phases.

Consequences of Breaching Drawdown Limits on Real Account with Consummate Traders

Understanding the implications of breaching drawdown limits on a real funded account is crucial for traders working with Consummate Traders.

Account Termination on Breach

If a trader exceeds the daily or maximum drawdown limits on their real funded account, Consummate Traders will revoke access to the account. This loss of the account is a significant consequence and requires the trader to start over from the beginning. To regain a real funded account, the trader must repurchase and successfully pass the evaluation challenge again.

Recommendation for Conservative Trading

Given this strict policy, it’s advisable for traders to adopt a conservative approach, even after obtaining their real funded account. Maintaining disciplined trading practices and adhering to risk management strategies are essential to avoid breaching the drawdown limits and consequently losing access to the account. This cautious approach helps in safeguarding the account and ensures a more sustainable and long-term trading strategy with Consummate Traders.

Outcomes of Not Passing the Evaluation Challenge with Consummate Traders

It’s important for traders to understand the implications of not passing the evaluation challenge when working with Consummate Traders.

No Refund on Failure to Pass

If a trader fails to pass the evaluation challenge, the fee paid to purchase the account is not refunded. For example, if a trader buys a $10,000 account for $80 and doesn’t succeed in the challenge, not only is the account revoked, but the initial fee of $80 is also not returned.

Reward for Passing the Challenge

On the other hand, successfully passing the evaluation challenge comes with significant benefits. Consummate Traders rewards traders by giving back 15% of the profit made on the evaluation account. This essentially means that traders are paid for their success in the challenge. Additionally, the fee paid to purchase the account is refunded, further incentivizing traders to meet the challenge criteria. This structure underlines the importance of diligent and strategic trading during the evaluation phase to maximize the chances of success and enjoy the associated rewards with Consummate Traders.

Strategies to Successfully Pass a Prop Firm Evaluation

Passing a proprietary trading firm’s evaluation can be a critical step in a trader’s career. As a funded trader, I’m here to share some effective methods that have worked for me and could potentially aid others in successfully navigating this challenge.

1. Develop and Stick to a Trading Strategy

Having a well-defined trading strategy or setup is crucial. This strategy serves as a guiding framework, ensuring that you remain disciplined and avoid making impulsive trades. By strictly adhering to your trading plan, you can make more calculated and informed trading decisions.

2. Implement Proper Risk Management

Risk management is key in trading. A good rule of thumb is to risk no more than 1% of your capital on a single trade. Some traders might opt for an even more conservative approach, like risking only 0.5% and then scaling up if the trade moves favorably. This strategy helps in minimizing losses and protecting your capital.

3. Maintain Strong Trading Psychology

Good trading psychology is essential. It’s important to trade in a state of mind that is free from undue pressure or emotional distress. Emotional trading can lead to hasty decisions and mistakes. Keeping a clear head and staying calm can significantly improve your chances of success in the prop firm’s evaluation. Combining these methods can create a robust approach to passing a prop firm evaluation, setting the stage for a successful trading career.

Is Consummate Traders a Good Prop Firm?

The reputation and effectiveness of Consummate Traders as a proprietary trading firm is a topic of interest for many aspiring and established traders. Based on my personal experience and feedback from my students, Consummate Traders stands out as a commendable prop firm. A key strength noted is their customer support, which is consistently active and ready to assist. This level of support is crucial, especially for traders who may need guidance or encounter issues during their trading journey. Funding is another area where Consummate Traders excel. They promptly fund traders once they meet the specified profit targets. Additionally, the process of receiving payments is efficient, with timely payouts to traders who are due for withdrawals. Given these positive aspects, I encourage traders to consider signing up with Consummate Traders for an opportunity to trade with significant capital and support from a reliable firm.

Consummate Traders Discount Code

For those looking to join Consummate Traders, there’s an exciting opportunity to save on your investment. The current active discount code for Consummate Traders is “HABBYLAMBO”. This code entitles you to a 10% discount on the services offered by this prop firm. I will ensure to keep this information updated, so you can always have access to the latest discounts and offers from Consummate Traders. Keep an eye on this space for future updates!

Conclusion: Consummate Traders Review

In summary, Consummate Traders has established itself as one of the premier proprietary trading firms in Africa, known for its flexibility and trader-friendly policies. For traders seeking to amplify their forex trading endeavors with substantial capital, Consummate Traders presents an excellent opportunity. With funding options extending up to $400,000, it caters to a wide range of trading needs and preferences. The firm’s commitment to supportive customer service, transparent operations, and a variety of programs like Express Lite, Express Pro, and Synthetic Indices further enhance its appeal to both novice and experienced traders. If you’re aiming to take your forex trading to the next level with considerable capital and supportive infrastructure, signing up with Consummate Traders could be a strategic move towards achieving your trading goals.