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prop firms
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Brokers
Prop Trading Firm Funded Friends to Shut Down, Acquired by TradingFunds
2024-09-30T09:13:33.854+02:00
CEO Arjo Janssens cites a shift in focus to financial education as a reason for closure.
As he states, the prop firm did not have liquidity or payout issues.
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Retail FX
Match-Trade’s Prop Trading Solution Enhances Challenge Management in CRM
2024-09-26T11:08:04.583+02:00
The platform offers real-time notifications for phase progression requests for trader communication.
The Broker API supports partial position closure, and users can export data from the Forex CRM into CSV files.
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Retail FX
Another Prop Firm Adds TradeLocker to Its Offering
2024-09-26T10:34:25.618+02:00
Lionheart joins the ranks of firms offering access to the day-trading platform.
TradeLocker is focusing on stronger development in prop trading in 2024.
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Analysis
Exclusive: Only 7% of 300,000 Prop Trading Accounts Achieved Payouts
2024-09-18T15:40:00.000+02:00
According to FPFX Tech's data, 1 in 3 clients comes from the US and UK, but the most dynamic growth is seen elsewhere.
As the company CEO forecasts, the industry will see “significant growth rates out of the Middle East” in the next 90-180 days.
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Retail FX
Prop Firm TradersWithEdge Brings Back MT5 with Trading Promotions
2024-09-18T11:21:02.157+02:00
The firm launches 2-for-1 deal on challenge accounts alongside MT5 reintroduction.
Regulators, including ASIC, are increasing scrutiny on prop trading firms and CFD distribution channels.
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Brokers
Prop Firm CK Capital Seeks Growth in Competitive North American Market
2024-09-18T10:59:04.349+02:00
The UK-based prop trading company started accepting clients from the US and Canada.
The project is led by Daniel Cheung, who previously worked for IronFX.
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Retail FX
Prop Firm QuantTekel Introduces Broker Services after Rebranding from AscendX Capital
2024-09-16T13:16:41.229+02:00
AscendX Capital, active since November 2023, had signalled upcoming changes recently.
The firm is transitioning to a full broker and expanding its Prop Firm services.
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Retail FX
Waiting for a Payout from The Funded Trader Prop Firm? You Might Not See It This Year
2024-09-16T12:49:32.175+02:00
According to the latest information from TFT, suspended trader payouts may not be processed until 2025.
The firm is prioritizing the unblocking of large accounts with balances over $100,000.
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Retail FX
DXtrade XT Ramps Up Prop Trading Tools for Brokers and Firms
2024-09-13T15:52:34.879+02:00
The platform now allows prop firms to set custom session end times for traders.
The firm has expanded its partnership with Centroid Solutions to support DXtrade CFD on Centroid Risk.
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Retail FX
Prop Firm Gold Fund Trader Pulls the Plug after $600 in Sales and Funding Setbacks
2024-09-13T11:40:27.807+02:00
The firm halts operations following delays and the withdrawal of a key investor.
Of 160 accounts, 158 were through giveaways, with 90 active but no funded accounts or pending payouts.
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Retail FX
Purple Trading’s Prop Firm Fintokei Pays Out over €4M to Traders in 2024
2024-09-12T10:10:52.202+02:00
The proprietary trading company is processing 400,000 transactions per day.
Moreover, the number of active traders surged by 175%.
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Retail FX
Traders Await Payouts from This Prop Firm for Six Months
2024-09-12T09:07:20.940+02:00
The Funded Trader has struggled with regular payments since March.
Recent updates, however, indicate some progress has been made.
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Brokers
Prop Firm Traddoo Temporarily Suspends Access for New Clients
2024-09-11T13:45:34.551+02:00
The company has decided to halt challenge sales due to ongoing platform updates.
It is working on implementing a new dashboard and payments for its customers.
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Retail FX
Exclusive: IronFX Founder Quietly Joined Prop Trading Craze with ‘Ultimate’
2024-09-10T18:29:48.479+02:00
Registered in the UK, Ultimate Traders Evaluation is owned by Markos Kashiouris, founder of IronFX.
Andreas Pogiatzis, a resident of Cyprus, is the sole Director of the prop trading platform operator.
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Retail FX
Prop Firm Fundedlions Suspends Operations
2024-09-10T09:25:45.957+02:00
Fundedlions announced that it is forced to stop its prop activities temporarily.
The firm blames brokerage technology provider Dominion Markets for this situation.
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Retail FX
Prop Firm FTMO Partners with cTrader Algo Building Tool
2024-09-05T13:43:51.944+02:00
AlgoBuilderX enables automated trading on the Spotware platform.
The company has now partnered with the Czech Republic-based prop trading firm.
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Retail FX
Prop Trading Industry Is Divided on “Gamification” amid Consob's “Video Game” Remark
2024-09-04T15:40:00.000+02:00
Consob is concerned about the rise of prop trading firms and linked them to “video games.”
One prop trading executive said, “I don’t really agree with the ‘video game’ label,” while another called Consob’s warning “necessary and timely.”
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Executive Moves
TradeLocker Owner Recruits New Executive for Its Prop Firm
2024-09-04T11:57:45.713+02:00
Antreas Pilavakis joined the FunderPro team, a division of the technology company Red Acre.
Last month, he concluded his three-year tenure with The Trading Pit.
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Retail FX
This Prop Firm Requires Recording Your Trades for 2 Days. Otherwise, You Won't Get Paid
2024-08-29T10:34:04.283+02:00
Apex Trader Funding claims it wants to expedite the payout process.
Traders are outraged, believing the company is demanding too much private information.
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Retail FX
Offshore CFDs Broker AXE Enters Prop Trading: Acquires The Forex Funder
2024-08-27T10:28:14.615+02:00
The prop firm has over 6,000 active traders and 600 funded accounts.
The acquisition deal is worth “a few million” dollars.
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Retail FX
10 Weeks after Promising Match-Trader, This Prop Firm Finally Delivers to Customers
2024-08-26T09:10:34.489+02:00
The Funded Trader promised traders access to Match-Trader in early July.
Although the platform was supposed to be implemented “soon,” it appeared after 2 months.
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Breaking: Sway Funded Acquires Another Struggling Prop Firm within a Month
2024-08-22T14:47:45.037+02:00
After taking over MyFlashFunding in late July, Sway Funded has now purchased Karma Prop Traders.
The information has been unofficially shared on the prop trading firm's Discord channel.
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Retail FX
Prop Firm Earn2Trade Launches New Brand Funding Trading
2024-08-22T11:17:46.936+02:00
Like its parent company, it will focus on futures trading.
The challenges offered align with those found in E2T's portfolio.
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Retail FX
Devexperts Onboarded over 40 Prop Firms to DXtrade in a Year, Now Focuses on Futures
2024-08-21T13:39:25.234+02:00
The company has expanded its platform to include futures trading functionality for proprietary trading.
Jon Light, Head of OTC Platform, notes growing interest in derivatives among prop firms.
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Retail FX
Prop Trading Firm Indigo Trader Funding Confirms Shutdown
2024-08-21T06:22:45.112+02:00
It has already been struck off the official UK company register.
Earlier, the company went dark on social media, leaving customers perplexed.
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