Jeffrey Benson is a Nigerian professional Forex trader known for founding FirePips and being a co-founder of Consummate Traders. His Forex journey began in 2017, during which he managed to turn a $25,000 account into $240,000 in just six months. Subsequently, he established a Forex academy called Firepips, dedicated to assisting both beginners and intermediate traders in enhancing their trading skills and making better trading decisions.
Is Jeffrey Benson a graduate?
Jeffrey completed his secondary education in Lagos State before embarking on his academic journey at Delta State University in 2013, where he initially pursued a degree in Law. However, his path took a different direction in 2015 when he decided to discontinue his university studies and venture into the world of online freelancing. This bold step allowed him to explore various opportunities in the digital realm, eventually leading him to a successful career in Forex trading.
When did Jeffrey Benson start trading forex?
Jeffrey embarked on his Forex trading journey in 2017, facing numerous challenges and account blowouts along the way. However, his persistence and dedication eventually paid off when he successfully turned a $25,000 USD account around
Jeffrey Benson’s net worth
Jeffrey Benson in his six (6) years of experience in forex trading has gained impressive success. With a net worth of $1.5 million, he ranks among the top earners in the field, securing the fifth position. Remarkably, he began his Forex journey in 2017 and achieved financial independence as a multi-millionaire Forex trader by the young age of 20.
Where is Jeffrey benson from?
Jeffrey’s roots trace back to Edo State, the 22nd largest state in Nigeria in terms of land area. It was in this state that he spent his early years, soaking in the culture and experiences of his hometown. However, as he embarked on his journey to chase his dreams and seek greater opportunities, he made the significant move to Lagos, Nigeria’s major financial center and the bustling economic hub of Lagos State and the entire nation.
Lagos, known for its vibrant atmosphere and economic prowess, offered Jeffrey a wealth of opportunities and resources to further his ambitions. It’s a city that thrives on innovation and enterprise, making it a fitting backdrop for his pursuits. This transition from Edo to Lagos marked a pivotal chapter in Jeffrey’s life, where he could fully explore his potential and ultimately carve out his path to success.
Jeffrey Benson’s journey is a testament to his bold risk-taking spirit. Amidst the challenges of gaining admission to Federal and State Universities in Nigeria, Jeffrey had secured a spot at Delta State University. However, after two years, he made a courageous decision to drop out and explore online freelancing opportunities. Born into a large family without substantial financial resources, he had to forge his own path.
Jeffrey ventured into various freelancing fields, including photo and video editing, voice transcription, and more, using platforms like Upwork and Fiverr to make ends meet. Remarkably, he has never held a traditional job and remains unacquainted with monthly paychecks.
In 2017, Jeffrey delved into Forex Trading, a pivotal move that transformed his life. Within 18 months, he achieved profitability and mastery in trading the forex market. Initially, he traded EUR/USD and GBP/USD pairs but later focused solely on GBP/USD. His breakthrough moment came when he turned a $25,000 account into an impressive $240,000 in just six months. Despite facing adversity, including a significant loss of $190,319.25 in a single day on May 21, 2019, Jeffrey’s composure and optimism remained unwavering, even sharing this experience on his Instagram account.
In April 2023, Jeffrey embarked on an ambitious personal challenge by funding his trading account with a substantial one million dollars. He dedicated the entire month to trading, and by the end of April 2023, Jeffrey had remarkably generated a profit of $818,941.75. On the 30th of April, 2023, he decided to withdraw $810,000 from his trading gains.
With the profits from his successful April trading venture, Jeffrey treated himself to a well-deserved reward in May 2023. He used his earnings to purchase a 2022 Range Rover Velar, a testament to his hard work and expertise in the world of Forex trading.
What is consummate traders?
Consummate Traders stands as a Nigerian proprietary trading firm with a clear mission: to empower and bolster traders by equipping them with essential resources, tools, and access to substantial capital. Their goal is to enable traders to enhance their trading skills and amplify their profitability. In essence, Consummate Traders plays a pivotal role in helping traders unlock their full potential and evolve into highly proficient experts within the realm of trading. By providing the necessary support and resources, they contribute to the growth and success of traders in the field, fostering a community of skilled and accomplished professionals in the trading industry.
How does Consummate traders pay?
Consummate Traders operates on a profit-sharing model for funded traders. After successfully passing their evaluation phase, traders who generate a profit of at least 5% on the funded account will receive payments bi-weekly, which means every two weeks. The payment structure involves the trader receiving 80% of their profits during these bi-weekly intervals. This arrangement allows traders to earn a percentage of the profits they generate while trading with the firm’s capital.
Who is the founder of Consummate traders?
Consummate Traders, established by Damilare Ogundare, widely recognized as Haby Forex, and Jeffrey Asabi Benson, is a Nigerian-based trading platform. The core objective of this platform is to empower aspiring young traders by providing them with substantial trading capital. This financial support serves as a means to help them surmount financial barriers and unlock their full potential within the trading industry. Consummate Traders serves as a catalyst for the growth and success of these traders, offering them opportunities to pursue their trading ambitions with greater resources and support, ultimately fostering a community of skilled and accomplished traders in Nigeria and beyond.
What broker does consummate traders use?
Consummate Traders collaborates with Kwakol Markets Ltd as its broker partner. Kwakol Markets Ltd is an ASIC (Australian Securities and Investments Commission) regulated licensed broker known for offering competitive spreads in the foreign exchange market. This partnership allows traders associated with Consummate Traders to access the financial markets and trade with substantial equity.