Proprietary trading, or prop trading, is sweeping the financial markets. Initially a niche market, the prop trading industry reached over $6.7 billion in 2020, with forecasts for a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The escalating interest is evident, with the term "prop firm" seeing an astonishing 8,409% increase in Google searches between January 2020 and March 2024.
Recognising traders' growing interest in prop trading and brokers' requirement for bespoke software solutions, B2Broker has developed B2Prop. This comprehensive turnkey solution is designed to facilitate businesses' setting up and expanding their proprietary trading firms from the ground up.
What is B2Prop?
B2Prop presents as an inclusive, challenge-based platform that accommodates businesses such as prop trading firms, crypto and forex brokers, and multi-asset brokerage houses. This platform aids these businesses in broadening their product array and attracting a larger audience. The development journey was mapped out with the best industry protocols and a thorough understanding of the market's needs.
B2Prop offers businesses the potential to tailor trading challenges by focusing on specific metrics like profit objectives, risk constraints, and performance measures. These challenges can be multi-level and provide support for multiple currencies. Remarkably, B2Prop does not inflict extra costs based on the number of challenges, accounts, or steps included.
Traders who excel in these challenges are rewarded with access to funded accounts and enticing profit-sharing models, which typically allow traders to keep 70-80% of their trading revenues.
B2Prop smoothly integrates with top-tier trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader, with plans to integrate B2Trader, TradeLocker, and more in the foreseeable future. Furthermore, it equips businesses with dynamic dashboards that help track trader metrics from registration to the funded accounts stage, further validating the solution's efficacy and alignment with customer requirements.
Multiple Financial Opportunities for Businesses
B2Prop introduces several ways for companies to enhance their revenue:
- Challenge Fees
Businesses can generate income from the fees levied on traders participating in proprietary trading challenges. Traders who cannot fulfil the challenge requirements usually make more than three attempts to buy and clear the challenge, further augmenting the firm's revenue.
- Profit Sharing
Access to funded accounts is only granted to elite traders who successfully pass challenges. The firm funds these accounts but retains a portion of the profits accrued from the traders' activities, typically between 20% and 50%.
- Changeable Trading Conditions
Companies have the leverage to customise trading conditions to suit their needs. By applying higher commissions, businesses can decrease the profits on funded trader accounts, resulting in lower payouts for the firm while still gaining from the differential.
- Adopting Successful Strategies
B2Prop works seamlessly with B2Broker's robust copy trading platform, B2Copy, unveiling another financial opportunity for companies. Trade account funding limits are adjustable, and the firm can mirror successful traders' strategies into its own accounts. This enables the firm to generate added profits without having to remunerate those traders.
Full Turnkey Solution: Everything a Prop Firm Needs from the Get-Go
B2Broker's B2Prop Turnkey is a comprehensive solution that allows corporations to construct a thriving proprietary trading firm.
The heart of this package is the B2Core CRM, a hub for traders to register, purchase proprietary trading challenges, monitor their performance and manage their payments. Aside from this, it facilitates growth through its compatibility with various payment services, KYC solutions, introduction broker platforms, and more.
Notably, the package includes the white-label cTrader platform, engineered specifically for proprietary trading firms. This platform amalgamates cTrader's superior features and extensive applicability with a cost-effective deployment model. Moreover, B2Prop can also synchronise with MT4 and MT5 servers if the company possesses the licence.
Further, the turnkey package comes with B2BinPay, a crypto processing solution by B2Broker that can transact cryptocurrency payments and permit clients to fund their accounts with various coins and stablecoins across eight blockchain networks. Once clients have funded their accounts, they may acquire trading challenges. This versatility in payment options is a potential magnet for more traders.
Another key component of the package is B2Copy. It empowers firms to replicate the strategies of successfully funded traders directly into their accounts, which equates to added profits sans the need to compensate the traders.
B2Prop's turnkey solution embodies transparent pricing with three distinct monthly plans:
Adjustable Trading Challenges with B2Core Integration
B2Broker incorporated B2Prop into its B2Core platform to enable administrators to manage prop trading challenges efficiently. Administrators can now find the Prop Trading section under the Investment Platformmenu in the admin panel. This section includes the Challenges List page, allowing admins to easily create and manage prop trading challenges.
Creating a new challenge involves administrators specifying the name and description of it and uploading an image that would represent the challenge on the front end.
Then, admins can set the challenge parameters, which include plans, steps, initial account settings, key performance metrics (minimum trading days, maximum loss limits, profit targets), fee amount, fee currency, trading account amount, and trading account currency. Rules for disqualifying participants who cross the daily loss limit can also be in place.
Once challenges are created, the administrators can monitor participant progress through the admin panel. It displays a list of active and past accounts along with their current challenge status (started, successful, or failed). Completed challenges can be marked, and funded accounts can be created for the participants.
Traders can see a comprehensive list of available challenges, complete with images and key metrics. They can join a suitable challenge with a simple click and pay the necessary entry fee from their wallet.
While in progress, participants can monitor vital metrics such as equity, maximum drawdown, and number of trades. The platform also provides them with day-by-day trade summaries, including P&L and volume details.
Participants will receive an email notification upon challenge completion, which will include details about their prop trading account. They can also review their past challenges and find comprehensive results and trading data for each account.
Redefining the Prop Trading Technology Standards
B2Broker specialises in developing cutting-edge technology and liquidity solutions for the FinTech industry, and B2Propis expanding its turnkey product lineup. This ready-made solution makes it easy for businesses to get started quickly and easily with prop trading activities.
Contact B2Broker to try the B2Prop demo and explore its capabilities.
