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Another Regulator Warns against Prop Firms, Calls Them Trading “Video Games”
- Italian Consob, along with FSMA and CNMV, is warning against proprietary trading.
- According to the institution, its growing popularity carries significant risks for investors and their capital.
Monday, 08/07/2024 | 08:11 GMT by
Damian Chmiel
Exclusive: Prop Trading Giant FTMO Strengthens C-Suite with New CFO and Head of Legal
- Radek Dyntar has been appointed as CFO and Eva Svobodová as the Chief Legal Officer.
- The appointments came as the firm is launching brokerage services and regulators are considering regulating prop trading.
Wednesday, 03/07/2024 | 07:00 GMT by
Arnab Shome
Prop Firm UWM Also Relaunches MetaTrader, Signaling Possible Industry Shift
- Four months ago, the prop companies switched to MetaTrader alternatives after MetaQuotes decided to ban US clients.
- However, on Saturday GFT relaunched it, and now UMW is following, signaling a potential market change.
Tuesday, 25/06/2024 | 09:27 GMT by
Damian Chmiel
Exclusive: Purple Trading's Prop Trading Brand Expands beyond Japan and Central Europe
- Fintokei now generates 75 percent of its business in Japan and the rest from a few central European countries.
- The brand now aims at broader Europe, Australia, and Southeast Asia.
Tuesday, 18/06/2024 | 06:07 GMT by
Arnab Shome
Trade.com Launches Prop Trading under a Cyprus-Based Entity
- The Cyprus entity operating Trade.com’s prop trading brand is different from the one licensed by CySEC.
- The prop trading services are not being offered in Japan, Canada, Belgium, and the USA.
Wednesday, 12/06/2024 | 08:08 GMT by
Arnab Shome
The Hook for Traders: How to Create the Perfect Prop Trading Challenge?
- Prop trading companies must follow four principles to design the challenges - transparency, fairness, simplicity, and variety.
- Top companies have cracked the perfect design for challenges to lure traders.
Monday, 10/06/2024 | 13:35 GMT by
Anton Sokolov
Prop Trading: Traders Trust’s CEO Officially Launches New Platform
- The launch came a couple of days after Finance Magnates’ exclusive report on Traders Trust’s prop trading platform launch.
- The CEO revealed that the company has been working on the prop trading platform for the last three months.
Friday, 07/06/2024 | 08:22 GMT by
Arnab Shome
Exclusive: Czech Regulator Asserts Prop Trading Firms “May Be Subject to MiFID”
- Amid Finance Magnates' exclusive report on ESMA's discussion on prop trading regulation, the Czech National Bank has become the first EU regulator to comment on the industry.
- Most industry experts think that regulators must bring transparency and disclosure to prop trading.
Thursday, 06/06/2024 | 13:40 GMT by
Arnab Shome
Prop Trading Firms Have Become Victims of Their Own Success
- Increased competition among proprietary firms has led to bankruptcies and unscrupulous behavior, such as denying profit payouts.
- The current model of high-profit shares for traders is unsustainable, and traders are advised to stick to well-known brands.
Wednesday, 05/06/2024 | 11:35 GMT by
Michael Berman
Prop Trading: Three Months after Suspending US Services, Alpha Capital Promises Comeback
- The firm has also announced plans to launch futures and brokerage services in Seychelles.
- In February, Alpha Capital suspended purchases for new and existing clients in the US.
Friday, 31/05/2024 | 20:53 GMT by
Jared Kirui
Exclusive: Regulators Conducted Preliminary Reviews on Potential Prop Trading Regulations
- Finance Magnates has learned that the ESMA held a discussion around prop trading regulations.
- Muinmos' CEO reveals that regulators are "conducting studies, gathering data, and engaging in consultations" for possible prop regulations.
Friday, 31/05/2024 | 06:49 GMT by
Yam Yehoshua
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