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IC Markets’ Prop Trading Arm Appoints Former NAGA and FunderPro Executive as GM

Friday, 23/01/2026 | 12:51 GMT by Tareq Sikder
  • Petros Kalaitzis also brings experience from Tools for Brokers, The Trading Pit, and Tickmill.
  • Meanwhile, IC Markets has become sponsor of tennis player Alexei Popyrin and Haas F1 Team forex partner.
IC markets

IC Markets has appointed Petros Kalaitzis as General Manager for its prop trading division.

Kalaitzis, who has held multiple senior and executive roles in the financial services industry, said he is “very excited to be here and looking forward to make IC Funded as successful as IC Markets.”

The company has also been active in sponsorships. IC Markets signed an agreement with Australian tennis player Alexei Popyrin ahead of the 2026 season. The broker was earlier named official forex trading partner of the MoneyGram Haas F1 Team, with branding on the car’s nose, front wing, halo, and cockpit headrests.

IC Markets Appoints Executive to Prop Trading

Before joining IC Markets, Kalaitzis worked at FunderPro as Deputy CEO and Chief Strategy Officer for one year and seven months. He also held leadership positions at Tools for Brokers, including Managing Director for one year and three months and Sales Manager for eight months.

His earlier experience includes roles at The Trading Pit as Managing Director and COO for six months, Chief Experience Officer at NAGA for nine months, and Head of Client Services for Listed Derivatives at Tickmill for nearly three years.

IC Funded offers a proprietary trading program for professional traders. The company has said it aims to “grow the program and expand its presence” in the trading industry.

Prop Firms Bridge Gap Between Traders

IC Markets’ appointment of a new General Manager reflects the growing role of prop trading in retail trading , a topic discussed at the recent Finance Magnates London Summit.

Industry discussions highlighted both the benefits and limitations of prop trading. While the model opens access and supports trader development, structural challenges—such as evaluation processes and short-term performance targets—remain.

The market has responded with increasing adoption of prop programs, which are viewed as complementary to brokers. Firms and brokers together form a framework that expands participation, encourages disciplined trading, and contributes to broader market growth.

IC Markets has appointed Petros Kalaitzis as General Manager for its prop trading division.

Kalaitzis, who has held multiple senior and executive roles in the financial services industry, said he is “very excited to be here and looking forward to make IC Funded as successful as IC Markets.”

The company has also been active in sponsorships. IC Markets signed an agreement with Australian tennis player Alexei Popyrin ahead of the 2026 season. The broker was earlier named official forex trading partner of the MoneyGram Haas F1 Team, with branding on the car’s nose, front wing, halo, and cockpit headrests.

IC Markets Appoints Executive to Prop Trading

Before joining IC Markets, Kalaitzis worked at FunderPro as Deputy CEO and Chief Strategy Officer for one year and seven months. He also held leadership positions at Tools for Brokers, including Managing Director for one year and three months and Sales Manager for eight months.

His earlier experience includes roles at The Trading Pit as Managing Director and COO for six months, Chief Experience Officer at NAGA for nine months, and Head of Client Services for Listed Derivatives at Tickmill for nearly three years.

IC Funded offers a proprietary trading program for professional traders. The company has said it aims to “grow the program and expand its presence” in the trading industry.

Prop Firms Bridge Gap Between Traders

IC Markets’ appointment of a new General Manager reflects the growing role of prop trading in retail trading , a topic discussed at the recent Finance Magnates London Summit.

Industry discussions highlighted both the benefits and limitations of prop trading. While the model opens access and supports trader development, structural challenges—such as evaluation processes and short-term performance targets—remain.

The market has responded with increasing adoption of prop programs, which are viewed as complementary to brokers. Firms and brokers together form a framework that expands participation, encourages disciplined trading, and contributes to broader market growth.

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About the Author: Tareq Sikder
Tareq Sikder
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About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 2095 Articles
  • 37 Followers

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    Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how. Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss: - Exness’s marketing approach in South Africa - What makes their trading product stand out - Customer retention vs. acquisition strategies - The role of local influencers - Managing growth across emerging markets 👉 Watch the full interview for fundamental insights into the future of trading in Africa. #Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates

    Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how. Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss: - Exness’s marketing approach in South Africa - What makes their trading product stand out - Customer retention vs. acquisition strategies - The role of local influencers - Managing growth across emerging markets 👉 Watch the full interview for fundamental insights into the future of trading in Africa. #Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates

    Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how. Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss: - Exness’s marketing approach in South Africa - What makes their trading product stand out - Customer retention vs. acquisition strategies - The role of local influencers - Managing growth across emerging markets 👉 Watch the full interview for fundamental insights into the future of trading in Africa. #Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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