After 10 years with the bull-logoed CFD company, Desimir Paskalev has decided to venture into a new market.
As the industry veteran frankly admits, entering prop trading is cheaper and easier than opening a brokerage.
Desimir
Paskalev, a trading industry veteran associated with retail broker XM for over
a decade, has decided to run his own project under the FundedBull
banner. In an exclusive interview with Finance Magnates, Paskalev
admitted that he chose to move towards prop trading because the entry barriers
are lower than those of running an FX/CFD brokerage business.
Paskalev Trades XM for His
Own Prop Business FundedBull
Paskalev has undoubtedly been one of XM's most recognizable faces over the past ten years, serving as Partner Relations Manager, primarily in Europe. After a decade with one company, he decided to launch his own business. For the past few months, the ex-XM
representative has been trying his hand in the prop trading industry.
“My
ambitions have grown, and I believe they can be best fulfilled through business
ownership and its development,” Paskalev commented in an interview with Finance
Magnates. He added that over the years, he has built knowledge and
connections in the retail trading industry that allowed him to start his own
venture.
But why not
an FX/CFD broker? As Paskalev honestly admits, he considered launching a new
brokerage brand, but given the higher entry threshold and enormous competition,
he decided to direct his interest toward a younger, rapidly developing
industry.
“I
considered starting an FX/CFD brokerage, but the complexities involved in such
a venture, like higher budgets, a larger team, extensive resources, and longer
time to market, were substantial,” Paskalev comments, not ruling out
launching a broker in the future.
With a prop
firm, it's the opposite. Smaller business launch amounts mean that within a few
months, a ready product can be put in the hands of users.
“This
strategic choice allowed us to establish a solid foundation and scale our
operations effectively, as well as potentially expand into retail FX and CFD
trading at a later stage,” added the Founder of FundedBull.
Paskalev is not the only former executive of a popular broker who has recently decided to strike out on his own. In May, Finance Magnates exclusively reported that a former Admirals and Alpari Board Member, Bartosz Bielec, launched his own FX/CD Broker. A month ago, the former MENA CEO of BDSwiss, Daniel Takieddine, also took a similar step, introducing the Sky Links Capital Group brand.
Differentiation through
Affiliation
However,
it's impossible not to notice that prop firms are also sprouting up like
mushrooms recently, and competition is significantly increasing. Regulated
FX/CFD brokers have also started joining the industry, which can certainly make
it difficult for smaller firms to operate.
So how does
FundedBull want to stand out in this market? According to Paskalev, the answer
is a “leading affiliate program,” drawing on experiences from
previous markets he worked in.
“With
over a decade of experience in affiliate management, I see this as a strategic
advantage and a key opportunity,” he explains.
In one of the latest op-eds for Finance Magnates, Christopher Balanzategui, the CEO of N3tworx, described the marketing and affiliate advantages that prop firms have over CFD brokers.
The next
step is to encourage clients by presenting them with clear rules for conducting
challenges and access to the widest possible number of trading platforms. The
offer includes DxTrade, cTrader, Match-Trader, and in the future, TradeLocker.
“We
anticipate significant interest through our affiliates, but we will also have
an internal marketing team to drive additional engagement and growth,”
adds Paskalev.
“It
remains relatively immature in several areas, including regulation, technology,
and management,” Paskalev explains. “This immaturity often leads to
operational issues, with some firms failing to manage client funds properly or
going out of business due to mismanagement.”
As a
result, he expects significant consolidation in the industry in the coming
years, through which only honest companies that know how to operate in a
high-margin business will remain in the market.
When asked
if prop trading will replace CFDs in the future and if it's the future of
retail trading, Paskalev answers negatively. However, it opens a new door for
investors who have become disillusioned with high leverage at FX brokers,
quickly losing their funds. Prop trading, on the other hand, caters to traders
who lack sufficient capital.
“While
generating 5–10% monthly returns on a $5,000 account may not be enough to cover
living expenses in many places, a trader with access to a funded account of
$100,000 or more can achieve a decent lifestyle,” Paskalev claims.
Desimir
Paskalev, a trading industry veteran associated with retail broker XM for over
a decade, has decided to run his own project under the FundedBull
banner. In an exclusive interview with Finance Magnates, Paskalev
admitted that he chose to move towards prop trading because the entry barriers
are lower than those of running an FX/CFD brokerage business.
Paskalev Trades XM for His
Own Prop Business FundedBull
Paskalev has undoubtedly been one of XM's most recognizable faces over the past ten years, serving as Partner Relations Manager, primarily in Europe. After a decade with one company, he decided to launch his own business. For the past few months, the ex-XM
representative has been trying his hand in the prop trading industry.
“My
ambitions have grown, and I believe they can be best fulfilled through business
ownership and its development,” Paskalev commented in an interview with Finance
Magnates. He added that over the years, he has built knowledge and
connections in the retail trading industry that allowed him to start his own
venture.
But why not
an FX/CFD broker? As Paskalev honestly admits, he considered launching a new
brokerage brand, but given the higher entry threshold and enormous competition,
he decided to direct his interest toward a younger, rapidly developing
industry.
“I
considered starting an FX/CFD brokerage, but the complexities involved in such
a venture, like higher budgets, a larger team, extensive resources, and longer
time to market, were substantial,” Paskalev comments, not ruling out
launching a broker in the future.
With a prop
firm, it's the opposite. Smaller business launch amounts mean that within a few
months, a ready product can be put in the hands of users.
“This
strategic choice allowed us to establish a solid foundation and scale our
operations effectively, as well as potentially expand into retail FX and CFD
trading at a later stage,” added the Founder of FundedBull.
Paskalev is not the only former executive of a popular broker who has recently decided to strike out on his own. In May, Finance Magnates exclusively reported that a former Admirals and Alpari Board Member, Bartosz Bielec, launched his own FX/CD Broker. A month ago, the former MENA CEO of BDSwiss, Daniel Takieddine, also took a similar step, introducing the Sky Links Capital Group brand.
Differentiation through
Affiliation
However,
it's impossible not to notice that prop firms are also sprouting up like
mushrooms recently, and competition is significantly increasing. Regulated
FX/CFD brokers have also started joining the industry, which can certainly make
it difficult for smaller firms to operate.
So how does
FundedBull want to stand out in this market? According to Paskalev, the answer
is a “leading affiliate program,” drawing on experiences from
previous markets he worked in.
“With
over a decade of experience in affiliate management, I see this as a strategic
advantage and a key opportunity,” he explains.
In one of the latest op-eds for Finance Magnates, Christopher Balanzategui, the CEO of N3tworx, described the marketing and affiliate advantages that prop firms have over CFD brokers.
The next
step is to encourage clients by presenting them with clear rules for conducting
challenges and access to the widest possible number of trading platforms. The
offer includes DxTrade, cTrader, Match-Trader, and in the future, TradeLocker.
“We
anticipate significant interest through our affiliates, but we will also have
an internal marketing team to drive additional engagement and growth,”
adds Paskalev.
“It
remains relatively immature in several areas, including regulation, technology,
and management,” Paskalev explains. “This immaturity often leads to
operational issues, with some firms failing to manage client funds properly or
going out of business due to mismanagement.”
As a
result, he expects significant consolidation in the industry in the coming
years, through which only honest companies that know how to operate in a
high-margin business will remain in the market.
When asked
if prop trading will replace CFDs in the future and if it's the future of
retail trading, Paskalev answers negatively. However, it opens a new door for
investors who have become disillusioned with high leverage at FX brokers,
quickly losing their funds. Prop trading, on the other hand, caters to traders
who lack sufficient capital.
“While
generating 5–10% monthly returns on a $5,000 account may not be enough to cover
living expenses in many places, a trader with access to a funded account of
$100,000 or more can achieve a decent lifestyle,” Paskalev claims.
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.
Hantec Markets' UK Unit Turns a Loss in 2023 due to "Additional IT Expenditure"
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage.
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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