The Trading Pit has opened a Seychelles-regulated brokerage called TTP Markets, becoming the latest prop firm to enter the CFD brokerage space amid a wave of similar moves across the industry.
The firm is starting with a restricted rollout, onboarding only a limited number of what it calls "hand-picked successful retail and corporate prop traders" from its existing community.
According to the press release, the launch doesn't represent a broad commercial push into retail brokerage but rather a test bed for regulatory infrastructure, the firm says it needs for long-term international expansion.
"Throughout my career in the financial markets, I've seen that sustainable growth comes from building the right foundations early,” Illimar Mattus, founder of The Trading Pit, said. “Establishing TTP Markets allows us to shape our own regulatory path and prepare the business for the next phase of global development."
Prop Firms Double Down on Brokerage Operations
The Trading Pit's move follows a pattern that has accelerated over the past year. FTMO acquired OANDA in December 2025, while The5ers' founders launched TSG, a CySEC -licensed brokerage, around the same time. TTT Markets also entered the CFD brokerage business in January 2026, operating on MT5 and proprietary technology.
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The Trading Pit's choice of Seychelles places it somewhere between the more established European regulatory frameworks and the lighter-touch offshore jurisdictions. The Seychelles Financial Services Authority, established in 2013, oversees non-bank financial services and requires brokers to maintain local offices and appoint qualified directors.
In the meantime, many firms have pursued offshore licenses primarily to secure direct MetaTrader access from MetaQuotes, which tightened its licensing policies for prop firms. FundedNext sought licenses in Dubai and Mauritius while initially operating under a Comoros license. City Traders Imperium also established a Comoros entity to launch in-house MT5 capabilities.
Controlled Expansion Tied to Product Rollout
The firm said TTP Markets will expand "as new products and services are rolled out for prop traders," suggesting the brokerage isn't meant to operate as a standalone retail business in the near term.
The Trading Pit, which operates simulated trading challenges across futures, CFDs, stocks, and crypto, has previously integrated cTrader for its Prime CFDs challenges with liquidity from Tickmill.
"TTP Markets gives us the regulatory infrastructure needed to expand in a controlled and responsible way,” Daniela Egli, the firm's CEO, added. “By taking a phased approach and prioritizing governance, we are ensuring that future growth is both scalable and compliant across jurisdictions."
Multi-Jurisdictional Ambitions
The Trading Pit, headquartered in Liechtenstein with offices in Spain and Cyprus, said it plans to "extend regulatory coverage into additional jurisdictions" over time. The firm offers traders profit shares of up to 80% on simulated trading performance and operates in over 160 countries with partnerships across multiple institutional liquidity providers.
The brokerage initiative reflects what the company called an "institutional mindset" and a focus on building "a diversified and resilient regulatory base." Whether that translates into broader retail brokerage services or remains primarily a tool for its prop trading operations will become clearer as the firm moves through its phased rollout.
