Financial and Business News

Exclusive: Traders Trust Silently Launches Prop Trading Platform

Wednesday, 05/06/2024 | 12:10 GMT by Arnab Shome
  • The platform is branded as TradingCult and is operated by two entities, one in Seychelles and the other in Cyprus.
  • Nicola Berardi is the CEO of both Traders Trust and TradingCult.
Nicola Berardi, CEO of Traders Trust and TradingCult
Nicola Berardi, CEO of Traders Trust and TradingCult

Cyprus-based Traders Trust has become the latest forex and contracts for differences (CFDs) broker to join the prop trading trend. Finance Magnates has learned that the retail broker launched prop trading services under the brand TradingCult.

Another Broker Enters Prop Trading

According to the TradingCult website, the prop trading brand is operated by Seychelles-based Cultpedia and Cyprus-based Cultedge, two separate entities from those running the FX and CFDs brokerage brand. Interestingly, the entities operating TradingCult and Traders Trust are based in the same Cyprus office.

Furthermore, Nicola Berardi, the Chief Executive of Traders Trust, is the founder and CEO of the new prop trading brand, as shown on the TradingCult website. Berardi is the former Chief Financial Officer of Saxo Bank and Synthesis Bank, who founded the Traders Trust brand in 2009 and has been heading it as the CEO since.

“At TradingCult, I’m dedicated to providing the funding, education, and support that traders need to succeed,” a message from Berardi on the TradingCult website notes. “My mission is to empower traders by breaking down barriers and ensuring everyone can thrive in the financial markets, and I am committed to helping them reach their full potential.”

Finance Magnates approached Traders Trust for official confirmation but has not received any reply as of press time.

Brokers’ Interest in Prop Trading

Before Traders Trust, established FX and CFDs brokerage brands like OANDA, Axi, Hantec Market, and IC Markets have already launched their prop trading services. The popularity of prop trading is also pushing other brokerage brands to take an interest in the new industry.

Interestingly, TradingCult approached the industry with a very aggressive offering. The newly launched prop trading platform offers traders a 95 percent profit split. Prospective traders can buy any of the four offered challenges, which cost between $99 and $999. The lowest-tier account offers a funded account with a balance of $10,000, while the top-tier one offers $200,000.

TradingCult also uses the brokerage service of Traders Trust to offer trading on MetaTrader 4.

Cyprus-based Traders Trust has become the latest forex and contracts for differences (CFDs) broker to join the prop trading trend. Finance Magnates has learned that the retail broker launched prop trading services under the brand TradingCult.

Another Broker Enters Prop Trading

According to the TradingCult website, the prop trading brand is operated by Seychelles-based Cultpedia and Cyprus-based Cultedge, two separate entities from those running the FX and CFDs brokerage brand. Interestingly, the entities operating TradingCult and Traders Trust are based in the same Cyprus office.

Furthermore, Nicola Berardi, the Chief Executive of Traders Trust, is the founder and CEO of the new prop trading brand, as shown on the TradingCult website. Berardi is the former Chief Financial Officer of Saxo Bank and Synthesis Bank, who founded the Traders Trust brand in 2009 and has been heading it as the CEO since.

“At TradingCult, I’m dedicated to providing the funding, education, and support that traders need to succeed,” a message from Berardi on the TradingCult website notes. “My mission is to empower traders by breaking down barriers and ensuring everyone can thrive in the financial markets, and I am committed to helping them reach their full potential.”

Finance Magnates approached Traders Trust for official confirmation but has not received any reply as of press time.

Brokers’ Interest in Prop Trading

Before Traders Trust, established FX and CFDs brokerage brands like OANDA, Axi, Hantec Market, and IC Markets have already launched their prop trading services. The popularity of prop trading is also pushing other brokerage brands to take an interest in the new industry.

Interestingly, TradingCult approached the industry with a very aggressive offering. The newly launched prop trading platform offers traders a 95 percent profit split. Prospective traders can buy any of the four offered challenges, which cost between $99 and $999. The lowest-tier account offers a funded account with a balance of $10,000, while the top-tier one offers $200,000.

TradingCult also uses the brokerage service of Traders Trust to offer trading on MetaTrader 4.

Topics
prop trading
Traders Trust
About the Author: Arnab Shome
Arnab Shome
  • 7315 Articles
  • 133 Followers
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)

More from the Author

Retail FX

Finance Magnates Awards 2026 – Nominations Now Open

Finance Magnates Awards 2026 – Nominations Now Open

The Finance Magnates Awards 2026 nominations are now open. 🏆 From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements. Winners will be announced at the Cyprus Gala Dinner on November 6, 2026. Nominate your brand now. https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open #FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry

The Finance Magnates Awards 2026 nominations are now open. 🏆 From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements. Winners will be announced at the Cyprus Gala Dinner on November 6, 2026. Nominate your brand now. https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open #FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
More Videos

  • Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry

    Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry

    Lights on. Cameras ready. 🎬 Finance Magnates Awards 2026 nominations are now open. 🏆 #FMAwards #FinanceMagnates #FintechAwards #Fintech

    Lights on. Cameras ready. 🎬 Finance Magnates Awards 2026 nominations are now open. 🏆 #FMAwards #FinanceMagnates #FintechAwards #Fintech

  • Exness sees trust as the key theme for growth in MENA Trading Growth for 2026

    Exness sees trust as the key theme for growth in MENA Trading Growth for 2026

    Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026. In this interview, you'll learn: * Why Dubai and the MENA region are critical growth markets for fintech and online trading. * How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions. * The essential role local talent plays in providing a culturally relevant and compliant user experience. * Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary. * Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust." Key Takeaways: ➡️ The MENA region is rapidly shaping global financial markets. ➡️ New traders expect stability, precise execution, and transparency. ➡️ Local expertise is key to regulatory compliance and user experience. ➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency. Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/ #Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading

    Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026. In this interview, you'll learn: * Why Dubai and the MENA region are critical growth markets for fintech and online trading. * How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions. * The essential role local talent plays in providing a culturally relevant and compliant user experience. * Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary. * Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust." Key Takeaways: ➡️ The MENA region is rapidly shaping global financial markets. ➡️ New traders expect stability, precise execution, and transparency. ➡️ Local expertise is key to regulatory compliance and user experience. ➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency. Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/ #Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading

  • Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026

    Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026

    At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges. Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift. #PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech

    At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges. Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift. #PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech

  • Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms

    Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms

    Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today. Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk. Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks. Key Topics: - Broker and Prop Firm Data Challenges - The problem of delayed data processing (batch processing vs. real-time events) - Fragmented systems and conflicting data sources - Altima's unified, event-driven solution architecture - The concept of a "risk-aware CRM" - Built-in risk management in Altima Prop #Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture

    Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today. Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk. Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks. Key Topics: - Broker and Prop Firm Data Challenges - The problem of delayed data processing (batch processing vs. real-time events) - Fragmented systems and conflicting data sources - Altima's unified, event-driven solution architecture - The concept of a "risk-aware CRM" - Built-in risk management in Altima Prop #Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture