Prop firm Funded7 entered into a partnership with online broker XM, according to CEO Todor Georgiev. The collaboration allows eligible Funded7 clients to receive daily cashback rebates on their trades via XM.

"At Funded7, we see proprietary trading firms and traditional market infrastructure providers as partners, not competitors. Prop trading represents an evolution of the industry, shifting the focus toward discipline, education, structure, and more responsible use of capital," Georgiev said.

Funded7 Sets Out Collaboration Approach

The prop firm believes that the partnership aligns with this approach and supports Funded7’s plan to develop a sustainable operating model for traders.

Georgiev said the partnership with XM forms part of an effort to build a sustainable prop trading model that relies on collaboration rather than fragmentation in the market.

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"As an independent company, we are deliberate in choosing partners based on trust, scale, and long-term alignment. Our aim is simple: build a sustainable prop trading model that benefits from collaboration rather than fragmentation."

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Funded7 explained that the setup links client trading activity to XM’s cashback infrastructure, with rebates calculated per trade and credited on a daily basis through XM’s own systems rather than through Funded7.

"Working together, rather than in silos, creates a more sustainable model for traders and for the industry as a whole. That thinking is what led us to partner with XM, a firm with a long-standing reputation and strong presence in key markets such as Japan."

Prop Firms Blur the Line with Brokers

Alongside collaborations such as Funded7’s tie-up with XM, more prop firms are rolling out their own CFD brokerage units, evolving challenge-only offerings into hybrid prop‑and‑broker models.

TTT Markets, a Saint Lucia-registered prop trading firm, recently begun a limited rollout of its new CFD trading business to selected users. It marked a shift from a pure evaluation-and-funding model to a combined prop and CFD offering built around MetaTrader 5 and its own in-house technology.

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