Forex and CFD broker Monaxa is launching a proprietary trading service, according to a post by the company’s CEO, Chris Trikomitis, today (Thursday). Although the details about the new platform remain scarce, the service is branded Monaxa Prop.
Monaxa Prop
Trikomitis mentioned: “And we are finally ready. Our very own Monaxa Prop will be launching very soon.” Further, the post mentioned: “Your skills and our funding unlocks 85% profit share. Start your first challenge with $50.”
According to the Monaxa website, the company is comprised of several entities operating under one brand. One of the entities is reportedly registered by the Financial Services Commission of the Republic of Mauritius with an investment dealer license.
Trikomitis joined Monaxa early this year as the Chief Executive Officer from Exness, where he served as the Markets Director. He joined the company after dedicating 10 months to his former role at Exness. According to his LinkedIn profile, Trikomitis has nearly two decades of experience in the financial industry.
More companies are moving into prop trading amid the sector's growing popularity. Recently, Taurex joined the sector after launching its own prop platform, Atmos. Dubbed Atmos, the company launched a new website, atmos.tradetaurex.com, for the platform, mentioning that it is already live and in the testing phase ahead of its official launch.
More Companies Join Prop Trading
Besides that, the founder of IronFX, Markos Kashiouris, also expanded its operations in the retail trading industry with the introduction of a proprietary trading platform , Ultimate Traders.
According to the company, the new offering is operated by the UK-registered company Ultimate Traders Evaluation Ltd, which was started in February and has Kashiouris as the majority shareholder.
Elsewhere, prop firm TradersYard recently named Manuel Sonnleithner its new CEO. Sonnleithner has more than 10 years of experience in the trading industry. Prior to his new role, he worked as the COO of AgenaTrader and co-founded TradersYard with Gilbert Kreuzthaler.
