Trade.com has become the latest retail forex and contracts for differences (CFDs) broker to launch prop trading services, technically funded-trader services, under the brand Trade.com Challenges.

Trade.com’s Prop Trading Platform

With the new services, the broker has joined the likes of OANDA, Axi, IC Markets, Hentec Markets, and Traders Trust in offering prop trading services, which have become very popular in recent years. Several other brokers are also evaluating the prop trading space or are in the process of launching such services.

According to the Trade.com Challenge website, the broker is offering the newly launched service under the company Tplus Technologies Limited, a corporation registered in Cyprus. This entity is different from Trade Capital Markets (TCM) Ltd, the Cyprus-licensed entity that runs the Trade.com brand in the European Union.

The Trade.com brand is also regulated in the United Kingdom, the UAE, South Africa, Mauritius, and Spain. The broker received a FINRA license in 2022, expanding its operations in the United States. Most recently, the brand strengthened its EU operations by launching services in Italy with a local license.

"Our strategy is offering our own secure, reputable and fair environment – like we always offer," Roei Gavish, Group CEO of Trade.com, told Finance Magnates, commenting on the new service. "The fact that we’re coming from heavily regulated space will ensure clients are treated well."

A Supplementary Service

Interestingly, Trade.com is making its prop trading platform accessible from its regular brokerage platform under the same domain. However, the services are unavailable in Japan, Canada, Belgium, and the USA. The regulator in Belgium already issued a warning against prop trading firms.

The prop trading platform's website further highlights that trading is offered in a virtual environment, meaning it will adopt the practices of the majority of companies in the prop trading space and offer demo account trading.

Trade.com Challenge offers funded accounts ranging from $10,000 to $200,000. The size of the funded account depends on the purchased challenges, which start at $99 and go up to $999. Interestingly, it also provides an option to bypass evaluation; however, those accounts cost a much higher price, starting from $350 and going up to $5,450.