Updated on July 26, 2023
Welcome to the world of Consummate Traders! If you’ve been searching for a reliable and trustworthy platform to embark on your trading journey, you’re in for a treat. In this candid review, we’ll dive deep into the heart of Consummate Traders to uncover its legitimacy and the incredible opportunities it offers.
You’ve got the drive and determination to start something big to make your mark in the world and become finally free. But let’s face it, nobody talks about where the money to get started actually comes from – capital.
It’s the missing link that holds many aspiring entrepreneurs back including traders.
If as a trader, you’re tired of struggling to reach your financial goals because you simply don’t have enough capital to trade with, The Consummate trader platform solves your problem of NO CAPITAL.
But before you jump into taking advantage of this trading company you must confirm its legitimacy.
In this article, we’ll help you answer the big question of, is Consummate traders legit, the pros and cons of using the trading platform and how exactly it works.
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About Consummate Traders Prop Firm?
Consummate Traders is a powerhouse proprietary trading company that understands your struggle and is here to level the playing field.
They provide retail traders like yourself with the capital you need to make your trading dreams a reality. Imagine having the opportunity to trade over 1000 instruments, including stocks, cryptocurrencies, forex, and more.
No longer will you be limited by your lack of capital. Consummate Traders opens the door for you to access larger sums of money and truly maximize your trading potential.
This trading company is founded and cofounded by Jeffery Benson and Habby Forex. Both founders understand the frustrations of relying on foreign firms with stringent rules and countless hurdles to overcome and came up with Consummate Trader as a solution.
The rules of Consummate Traders have been carefully crafted with one goal in mind: to benefit African traders and propel them towards trading success.
Is Consummate Traders Legit?
While Consummate Traders has been instrumental to the financial growth of many traders, we must also acknowledge the presence of negative reviews about the firm floating around the vast online landscape.
It’s important to approach these reviews with an open mind and take them into account as part of your due diligence process.
Some of these negative reviews shed light on certain concerns that traders have encountered. Inability to meet trading criteria set by Consummate Traders, delays in receiving responses from the customer support team, and challenges experienced during the withdrawal process.
So, before choosing consummate traders for your trading needs make sure to run thorough research. That way you avoid regrets.
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Pros and Cons of Consummate Traders
When considering the pros and cons of Consummate Traders, it’s important to note that the specific advantages and disadvantages may vary depending on individual circumstances and preferences.
However, here are some general points to consider:
Pros of Consummate Traders
- Access to Capital: One of the significant advantages of trading with Consummate Traders is access to larger trading capital. As a proprietary trading firm, they provide traders with the opportunity to trade using the firm’s funds, which can significantly increase trading potential and allow for larger positions in the market.
- Risk Management Support: Proprietary trading firms like Consummate Traders often have well-established risk management protocols and guidelines. They may provide traders with support and resources to manage risk effectively, including position sizing strategies, stop-loss orders, and risk control measures. This can be particularly beneficial for traders who are still developing their risk management skills.
- Advanced Trading Tools and Platforms: Consummate Traders typically offer traders access to advanced trading platforms and tools. These platforms often come equipped with features such as real-time market data, charting tools, technical indicators, and order execution capabilities. The availability of these tools can enhance trading efficiency and provide traders with valuable market insights.
- Performance Evaluation and Feedback: Trading with Consummate Traders may involve ongoing performance evaluation and feedback from the firm. This can be valuable for traders looking to improve their trading skills and strategies. The feedback and guidance received from experienced professionals within the firm can help traders identify areas for improvement and make necessary adjustments to enhance their trading performance.
Cons of Consummate Traders
- Profit-Sharing Arrangement: One of the potential drawbacks of trading with a proprietary trading firm like Consummate Traders is the profit-sharing arrangement.
- These firms typically have a predetermined split of profits between the trader and the firm. While this can provide access to capital, it also means that a portion of the profits generated will go to the firm. Traders should carefully evaluate the profit-sharing structure and consider its impact on their overall returns.
- Limited Autonomy: Trading with a proprietary trading firm may involve adhering to specific trading guidelines and rules set by the firm.
While these guidelines are often in place to manage risk and protect the firm’s capital, they may limit the trader’s autonomy and flexibility in executing trades according to their own strategies and preferences. Traders should consider whether they are comfortable operating within the framework provided by the firm.
- Selection Process and Requirements: Joining a proprietary trading firm like Consummate Traders typically involves an application process and meeting certain requirements set by the firm.
Traders may need to demonstrate a track record of success, undergo evaluations, or meet specific experience criteria. This selection process may limit the access and opportunities available to some traders.
Which Broker does Consummate Traders use?
When it comes to the broker used by Consummate Traders, they have partnered with Kwakol Markets, an ASIC-regulated multi-asset broker.
This collaboration allows Consummate Traders to leverage the services and offerings provided by Kwakol Markets in executing their trading activities.
Kwakol Markets, being regulated by ASIC (the Australian Securities and Investments Commission), is known for its adherence to regulatory standards and commitment to providing a secure and reliable trading environment.
What is profit split of consummate traders?
Consummate traders’ profit split for traders is 90%. Plus no future recurrent or hidden fees to worry about.
What’s the minimum withdrawal on Consummate traders?
For withdrawing your earning on Consummate traders, the minimum requirement is $100.
Customer support for Consummate traders
You can reach consummate trader customer service on:
Mail: support@consummatetraders.com
Mobile: +1(903) 320-4954
Consummate Traders Review
Consummate Traders is a proprietary trading company that provides access to larger trading accounts and partners with Kwakol Markets, an ASIC-regulated broker.
They offer a wide range of trading instruments and have a dedicated support team available 24/7.
While positive aspects include a profit split of up to 90% and no recurrent or hidden fees, it’s important to consider potential challenges and negative reviews on customer experience to make an informed decision.
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