DXtrade Joins the Offering of a Company Promising to Set Up Your Prop Firm in 10 Days

Tuesday, 19/11/2024 | 09:20 GMT by Damian Chmiel
  • YourPropFirm partners with Devexperts to integrate DXtrade into its multi-platform trading solution.
  • It enables prop firms to operate across multiple platforms while providing traders with more choices in trading.
prop firms

YourPropFirm is expanding its trading platform offerings through a new strategic partnership with financial software developer Devexperts, integrating the DXtrade platform into its proprietary trading solutions suite.

YourPropFirm Taps Devexperts in Multi-Platform Trading Push

The collaboration marks a shift in the prop trading technology landscape, where platform exclusivity has been the norm. YourPropFirm's multi-platform approach now includes DXtrade alongside MT5, providing prop trading firms with more flexibility in their operations.

Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm
Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm

“Adding DXtrade to our platform lineup means prop firms have real choices and flexibility,” said Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm. “Our clients can rely on us to provide alternative platforms whenever they need, so they’re prepared for any platform-specific challenges and can focus on growing their business.”

This partnership comes at a time when the prop trading sector is seeing increased demand for diverse trading solutions. Over the past year, Devexperts has successfully onboarded more than 40 prop firms to its DXtrade XT platform, demonstrating strong market appetite for alternative trading solutions.

The DXtrade integration provides prop firms with advanced features including built-in trading simulators, risk management tools, and customizable position limits. YourPropFirm's solution enables firms to launch within 10 days while maintaining full profit retention.

Jon Light, Head of OTC at Devexperts
Jon Light, Head of OTC at Devexperts, Source: LinkedIn

"Our partnership with YourPropFirm means that more brokerages providing prop trading services will now have the option to offer these via our DXtrade platform,” added Jon Light, Head of OTC Platfom at Devexperts. “We continuously look to add partners to our growing network, allowing firms and brokerages, as well as the traders they work with, to access DXtrade's wide range of specialized prop trading functionalities.”

DXtrade and Prop Trading

Devexperts is actively enhancing its solutions for the proprietary trading sector. Last month, the company upgraded its DXtrade multi-asset trading platform by integrating with Tapaas, a risk management firm. This collaboration aims to provide FX/CFD brokers and prop trading firms with advanced tools to assess and mitigate market risks effectively.

Through this integration, DXtrade-powered brokers can now leverage real-time analytics and alerts from Tapaas, enabling continuous monitoring and rapid identification of potential operational threats. This enhancement underscores Devexperts' commitment to improving risk management capabilities for its clients.

In September, Devexperts introduced updates to DXtrade XT specifically designed to support proprietary trading firms. The new features include tools to help brokers and prop firms host challenges and contests. Additionally, the platform now supports single futures contracts from the Chicago Mercantile Exchange (XCME), with real-time market data provided by DXfeed.

DXtrade XT also offers flexible trading schedules, ensuring the platform remains adaptable to diverse operational requirements.

YourPropFirm is expanding its trading platform offerings through a new strategic partnership with financial software developer Devexperts, integrating the DXtrade platform into its proprietary trading solutions suite.

YourPropFirm Taps Devexperts in Multi-Platform Trading Push

The collaboration marks a shift in the prop trading technology landscape, where platform exclusivity has been the norm. YourPropFirm's multi-platform approach now includes DXtrade alongside MT5, providing prop trading firms with more flexibility in their operations.

Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm
Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm

“Adding DXtrade to our platform lineup means prop firms have real choices and flexibility,” said Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm. “Our clients can rely on us to provide alternative platforms whenever they need, so they’re prepared for any platform-specific challenges and can focus on growing their business.”

This partnership comes at a time when the prop trading sector is seeing increased demand for diverse trading solutions. Over the past year, Devexperts has successfully onboarded more than 40 prop firms to its DXtrade XT platform, demonstrating strong market appetite for alternative trading solutions.

The DXtrade integration provides prop firms with advanced features including built-in trading simulators, risk management tools, and customizable position limits. YourPropFirm's solution enables firms to launch within 10 days while maintaining full profit retention.

Jon Light, Head of OTC at Devexperts
Jon Light, Head of OTC at Devexperts, Source: LinkedIn

"Our partnership with YourPropFirm means that more brokerages providing prop trading services will now have the option to offer these via our DXtrade platform,” added Jon Light, Head of OTC Platfom at Devexperts. “We continuously look to add partners to our growing network, allowing firms and brokerages, as well as the traders they work with, to access DXtrade's wide range of specialized prop trading functionalities.”

DXtrade and Prop Trading

Devexperts is actively enhancing its solutions for the proprietary trading sector. Last month, the company upgraded its DXtrade multi-asset trading platform by integrating with Tapaas, a risk management firm. This collaboration aims to provide FX/CFD brokers and prop trading firms with advanced tools to assess and mitigate market risks effectively.

Through this integration, DXtrade-powered brokers can now leverage real-time analytics and alerts from Tapaas, enabling continuous monitoring and rapid identification of potential operational threats. This enhancement underscores Devexperts' commitment to improving risk management capabilities for its clients.

In September, Devexperts introduced updates to DXtrade XT specifically designed to support proprietary trading firms. The new features include tools to help brokers and prop firms host challenges and contests. Additionally, the platform now supports single futures contracts from the Chicago Mercantile Exchange (XCME), with real-time market data provided by DXfeed.

DXtrade XT also offers flexible trading schedules, ensuring the platform remains adaptable to diverse operational requirements.

About the Author: Damian Chmiel
Damian Chmiel
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Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

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