The prop firm has over 6,000 active traders and 600 funded accounts.
The acquisition deal is worth “a few million” dollars.
A screenshot of The Forex Funder website
AXE Securities, a contracts for differences (CFDs) broker operating from the Bahamas, has become the latest to enter the fast-growing prop trading industry by acquiring The Forex Funder (TFF). The prop firm was previously owned by Tommy Cobain, an influencer trader with 148.1K followers on X (formerly Twitter).
The acquisition, which was announced today (Tuesday), was strategic and will allow the broker to broaden its range of services. However, the broker refused to reveal the exact financial details of the deal, only mentioning “it’s a few million” dollars.
Tahsin Haykal, Managing Director of AXE Securities; Source: LinkedIn
The Forex Funder is registered in Dubai, and AXE Securities acquired it under its Hong Kong-registered holding company.
“This acquisition aligns with our goal to provide traders with the best possible tools and resources to succeed in the financial markets,” said Tahsin Haykal, Managing Director of AXE Securities. “We are confident that our combined expertise will improve the trading experience for all TFF clients.”
🚀 Big news, TFF community! We’re excited to announce that @AXEsecurities has successfully acquired The Forex Funder! This strategic move strengthens our capabilities and expands our reach within the global trading world.
Stay tuned for more updates as we work together to bring…
Meanwhile, several prop firms have recently shuttered or suspended their operations, citing various reasons. Indigo Trader Funding, Funds For Traders, Funded Engineer, and True Forex Funds are only a few prop trading brands that have ceased operations.
“By integrating TFF into our portfolio, we are not only expanding our reach but also reinforcing our dedication to supporting traders at every level,” added Domantas Mocevicius, Managing Director of AXE Securities.
Over 6,000 Active Traders
When it comes to The Forex Funder, they have a good social media presence with 126.7K followers on X (formerly Twitter), 81.6K followers on Instagram, 10.5K subscribers on Telegram, 10.2K subscribers on YouTube, and over 5.4K followers on TikTok. However, the Discord link on its website is broken, showing the message “this invite may be expired or you might not have the permission to join.”
AXE revealed that the prop firm has over 6,000 active traders and 600 funded accounts. However, it has a 2.7 rating on Trustpilot, which is categorised as ‘poor’. The rating is based on the reviews from 1,591 users as of press time.
The acquisition of The Forex Funder also led to the replacement of the prop trading firm's management, but it will continue to operate as an independent brand. Haykal and Mocevicius have taken over as the new management.
AXE revealed to Finance Magnates that Haykal will oversee the prop trading firm’s day-to-day operations and will also focus on expanding its market presence, driving growth, and ensuring the long-term sustainability of the business. Mocevicius, on the other hand, will be responsible for improving the firm’s infrastructure, ensuring robust risk management practices, and enhancing compliance frameworks
AXE Securities, a contracts for differences (CFDs) broker operating from the Bahamas, has become the latest to enter the fast-growing prop trading industry by acquiring The Forex Funder (TFF). The prop firm was previously owned by Tommy Cobain, an influencer trader with 148.1K followers on X (formerly Twitter).
The acquisition, which was announced today (Tuesday), was strategic and will allow the broker to broaden its range of services. However, the broker refused to reveal the exact financial details of the deal, only mentioning “it’s a few million” dollars.
Tahsin Haykal, Managing Director of AXE Securities; Source: LinkedIn
The Forex Funder is registered in Dubai, and AXE Securities acquired it under its Hong Kong-registered holding company.
“This acquisition aligns with our goal to provide traders with the best possible tools and resources to succeed in the financial markets,” said Tahsin Haykal, Managing Director of AXE Securities. “We are confident that our combined expertise will improve the trading experience for all TFF clients.”
🚀 Big news, TFF community! We’re excited to announce that @AXEsecurities has successfully acquired The Forex Funder! This strategic move strengthens our capabilities and expands our reach within the global trading world.
Stay tuned for more updates as we work together to bring…
Meanwhile, several prop firms have recently shuttered or suspended their operations, citing various reasons. Indigo Trader Funding, Funds For Traders, Funded Engineer, and True Forex Funds are only a few prop trading brands that have ceased operations.
“By integrating TFF into our portfolio, we are not only expanding our reach but also reinforcing our dedication to supporting traders at every level,” added Domantas Mocevicius, Managing Director of AXE Securities.
Over 6,000 Active Traders
When it comes to The Forex Funder, they have a good social media presence with 126.7K followers on X (formerly Twitter), 81.6K followers on Instagram, 10.5K subscribers on Telegram, 10.2K subscribers on YouTube, and over 5.4K followers on TikTok. However, the Discord link on its website is broken, showing the message “this invite may be expired or you might not have the permission to join.”
AXE revealed that the prop firm has over 6,000 active traders and 600 funded accounts. However, it has a 2.7 rating on Trustpilot, which is categorised as ‘poor’. The rating is based on the reviews from 1,591 users as of press time.
The acquisition of The Forex Funder also led to the replacement of the prop trading firm's management, but it will continue to operate as an independent brand. Haykal and Mocevicius have taken over as the new management.
AXE revealed to Finance Magnates that Haykal will oversee the prop trading firm’s day-to-day operations and will also focus on expanding its market presence, driving growth, and ensuring the long-term sustainability of the business. Mocevicius, on the other hand, will be responsible for improving the firm’s infrastructure, ensuring robust risk management practices, and enhancing compliance frameworks
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)
Claude Powers Nine of Ten Broker AI Agents That Now Trade Live Accounts
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
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-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
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In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
