Following a rebranding earlier this year, MarketsVox (formerly ForexVox) has prepared another surprise for its clients. In about two weeks, the firm will officially launch its own prop firm called MVFunded. The official website of the project and its social media channels have already gone live.

Licensed Prop Firm with MetaTrader from an FX/CFD Broker

MarketsVox is a registered and licensed company in Seychelles with a partner Cypriot company, MV Technologies, which facilitates payment transactions. In January 2024, Finance Magnates reported that the broker decided to change its name from ForexVox, reflecting its broader product range. Similar moves have been made in the past by many other FX/CFD firms that had “forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term” in their name.

Over six months after this event, MarketsVox is opening its own prop firm, with the pre-launch scheduled for October 23. The company already allows users to review the offered accounts and challenges (up to $100,000 and up to 80% gains split). However, trading on these accounts will only be possible in two weeks.

MVFunded's social media channels have also launched. They emphasize the importance of working with regulated firms in the prop trading industry that can offer clients MetaTrader platforms, which are among the most popular among retail traders.

MVFunded is powered by a licensed and regulated CFD Broker offering MT5 🚀

— MVFunded (@MV_Funded) October 2, 2024

In its promotional materials, MVFunded also reveals that MarketsVox currently serves over 65,000 investors.

MVFunded is powered by MarketsVox, a licensed and regulated CFD Broker with over 65,000+ active traders.

— MVFunded (@MV_Funded) October 3, 2024

MVFunded is another prop trading brand launched this year by a broker directly associated with the FX/CFD industry. A few months ago, Finance Magnates compared the offerings of five such brands. Since then, several more have entered the market.

Brokers Expand into Proprietary Trading

As new players emerge in the market, new technology also appears. For example, RegTech enterprise Muinmos and technology firm Brokeree Solutions recently unveiled a collaboration aimed at enhancing compliance and risk management for proprietary trading among regulated brokers. This development is part of a broader conversation concerning the legitimacy and oversight of proprietary trading within the finance sector.

“Despite the predominantly negative perception of prop trading currently, regulated brokers equipped with robust controls and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term can find it a lucrative additional source of revenue,” stated Remonda Kirketerp-Møller, Founder and CEO of Muinmos. “Our joint solution offers a compliant yet competitive approach to proprietary trading.”

The proprietary trading sector has struggled with a poor reputation, reminiscent of the challenges faced by CFDs in their early days. Global regulators frequently issue warnings about prop firms, similar to early advisories against brokers.

Although many warnings are warranted—some firms misleadingly promote prop trading as akin to “video games”—there are still reputable entities that emphasize safety and integrity. CFD brokers are now enhancing proprietary trading by introducing higher service standards and ensuring regulatory compliance, thereby offering investors more reliable fund withdrawal guarantees.

ThinkMarkets, which launched ThinkCapital, is among the new names in the industry. It also includes offshore CFD broker AXE and FundedBull, the latter established by a former XM veteran.