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Retail FX

90% Profit Split: CFDs Broker Axi Dives into Prop Trading

The broker carefully labeled its new service ‘capital allocation program’, not prop trading.
It will be available only for clients under the St Vincent and the Grenadines incorporated entity.

Tuesday, 19/09/2023 | 05:02 GMT by Arnab Shome

Retail FX

Dissecting My Forex Funds' Model: How Did the Prop Trading Firm Generate $310M?

My Forex Funds had over 135,000 customers taking its 'challenge'.
The cost of its challenge fee was up to $4,900.

Friday, 15/09/2023 | 13:30 GMT by Arnab Shome

Retail FX

Unlocking the Future of Prop Trading: TFB and Red Acre Announce Partnership

TFB and Red Acre launched an end-to-end solution for prop trading firms.
They want to simplify business processes for both newcomers and existing players.

Thursday, 14/09/2023 | 08:42 GMT by Damian Chmiel

Retail FX

My Forex Funds Fallout: HR Startup Stops Payouts to Prop Trading Firms

Deel handled over $72 million in payouts for My Forex Funds.
The HR startup is now reviewing its deals with prop trading firms.

Wednesday, 13/09/2023 | 09:31 GMT by Arnab Shome

Retail FX

My Forex Funds Scandal Might Trigger Regulation Push on Prop Trading

Prop trading firms skip regulations as they do not handle clients' monies.
"Laws on advertising and bonuses should be enough to stop unlawful practices."

Thursday, 07/09/2023 | 13:00 GMT by Arnab Shome

Retail FX

$310 Million Prop Trading Fraud: Regulators Freeze Assets of My Forex Funds

Action has been taken against two companies operating My Forex Funds and their owner.
The platform has more than 135,000 customers, who paid about $310 million in fees.

Monday, 04/09/2023 | 07:00 GMT by Arnab Shome

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