My trading with TCT was going extremely well, passing level after level, until boom!! A sudden issue with and change of broker.
And apparently it's not the first time it's happened!
Ox Securities decided they no longer want to work with TCT (for whatever reason) and pulled the pin.
Now, TCT will cry innocent over the matter, but the fact is that it creates a massive disruption to the traders who are trying so hard to manage their trading accounts.
Traders then had to move over to the DXTrade platform, which was far from a smooth transition, and the account balances dropped!
And no more access to an MT4 platform.
What's the result?
More and more blowing of accounts due to the disruption.
When appealing my account being halted, TCT would not even provide the courtesy of replying to my request to reset my account as a gesture of goodwill after the disruption with a clear yes or no. Just no response. How rude!
TCT have demonstrated zero empathy over the matter.
When researching prop firms and their rules, on the face of it TCT look very appealing.
Why?
Only 1 rule: don't exceed the maximum drawdown.
The problem is that nobody expects such sudden disruptions to their trading due to a change of broker!
Now I understand why TCT are not even on the radar as a reputable prop trading firm.
There are far more reputable prop firms in the industry, however it's hard to find one that has the maximum drawdown of the initial balance rule as the only rule, but they DO exist.
City Traders Imperium is one.
The 5%ers Bootcamp is another.
Thing is, if your experience with TCT is going be disastrous regardless, then it's futile even starting with them!
TCT are hardly recognized in the industry and I can see now it's for good reason.
Until these jokers get their act together, they're not worth all the time and effort you'll be putting in.
2 months ago
The Concept Trading has a
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average rating
from
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