prop trading
Future of the Prop Trading Industry: “3 Players Will Take 80%”, FTMO Forecasts
- The panelists at FMLS:23 discussed how the prop trading industry is changing.
- “We always were focusing on trading. We wanted to trade for a living. And that was that was the idea.”
Friday, 29/12/2023 | 13:04 GMT by
Damian Chmiel
Trader Funded Firms Operate Globally, but Registrations Are Concentrated in US and UK
- The second part of the ongoing series delves deep into the regulatory structure and legality of Trader Funded Firms.
- The United Arab Emirates is an emerging jurisdictions for TFFs.
Friday, 15/12/2023 | 07:54 GMT by
Anya Aratovskaya
Prop Trading and Trader Funding Firms: Separating Marketing Gimmicks from Reality
- The first article of the series distinguishes between Prop Trading Firms and Trader Funded Firms.
- Trader Funding firms may or may not be involved in proprietary trading.
Thursday, 07/12/2023 | 09:56 GMT by
Anya Aratovskaya
My Forex Funds Read the Fine Print: Did the CFTC File One Document Too Many?
- The prop firm claims that an email submitted by the regulator to court proves they "knowingly included false information."
- Finance Magnates reached out to the CFTC but hasn't received any comment.
Wednesday, 06/12/2023 | 15:48 GMT by
Arnab Shome
Breaking: My Forex Funds Questions CFTC’s Jurisdictions on Its Business
- The defense lawyers filed a motion denying all allegations against the prop trading firm by the CFTC.
- The motion stated transactions between MFF and its customers fall outside the scope of the regulator.
Wednesday, 01/11/2023 | 13:17 GMT by
Arnab Shome
Where Does the Prop Trading Industry Go from Here?
- A look into the proprietary trading industry.
Wednesday, 25/10/2023 | 15:54 GMT by
Pedro Ferreira
My Forex Funds Fallout: cTrader Provider Welcomes Prop Firms, but Is "Very Selective"
- A panel at iFX EXPO International 2023 discussed prop trading and the impact of the My Forex Funds collapse in the industry.
- There is no certainty on when there will be regulations on prop trading.
Monday, 23/10/2023 | 12:26 GMT by
Arnab Shome
Exclusive: Closed Prop Trading Firm 'Leveled Up Society' Leaves Traders in Limbo
- GoldenOwl, an MT4 EA, marketed by a Leveled Up promoter was termed a "scam" by buyers.
- The prop trading platform suspended its operations and is now allegedly halting customer payouts.
Friday, 20/10/2023 | 09:01 GMT by
Arnab Shome
My Forex Funds Era: "Simulated" and "Virtual" Are The New Safe Words for Prop Trading
- Many prop trading platforms have changed their website's wording after the charges filed in the US against My Forex Funds
- They want to highlight their "challenges" on a demo trading platform.
Friday, 29/09/2023 | 13:30 GMT by
Arnab Shome
My Forex Funds and Deel Scandal as a Game-Changing Market Trend: Compliance First
- Deel's decision to cease services to My Forex Funds shows a new trend of prioritizing compliance.
- The market's long-awaited move since the outcry of binary options has nullified the usual tech supplier excuse.
Friday, 29/09/2023 | 11:21 GMT by
Ella Rosenberg
Exclusive: My Forex Funds Claims CFTC “Mischaracterized” Its Tax Payments to Freeze Assets
- The prop trading firm filed a motion yesterday, seeking modification of the statutory restraining order.
- My Forex Funds records show two pre-authorized payments of $27,000,000 CAD and $4,500,000 CAD, which the CFTC flagged.
Wednesday, 27/09/2023 | 19:02 GMT by
Arnab Shome
Exclusive: My Forex Funds Claims It "Didn’t Defraud Traders"
- The company shared with Finance Magnates the first detailed public comment, stating that the allegations are "grossly inaccurate".
- Alex Spiro and team from Quinn Emanual retained to represent My Forex Funds against CFTC allegations.
Thursday, 21/09/2023 | 13:30 GMT by
Arnab Shome
Prop Trading and My Forex Funds: Regulatory Crossroads in the Wake of the Deel Scandal
- Unlike its American counterparts, the EU is busy with Ukraine, pushing down its priority for financial services.
- Dubai's new crypto regulatory framework for propriety trading has demonstrated itself to be both accessible and enduring.
Tuesday, 19/09/2023 | 13:30 GMT by
Ella Rosenberg
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