Prop Trading Challenge
Kickstart your successful Prop Trading venture with our turnkey liquidity and technological solutions suite that lets you focus on your traders while we handle the rest.
Advantages of Prop Trading Challenge
Access Wider Markets
As Prop Trading involves the broker’s own capital instead of client deposits, the accompanying regulatory requirements become far more accessible. This means you can conduct your FX business in many more markets with a significantly greater outreach.
Lower Entry Barriers for Traders
Unlike in traditional FX Brokers where traders are required to make a deposit to trade, Prop Trading Brokers only require participants to pay a registration fee to enter the challenge, where successful traders will be sieved out and gain access to proprietary capital. This essentially allows anyone to start their trading journey.
Greater Credibility
By offering traders the chance to trade with proprietary capital, brokers demonstrate their commitment to supporting and empowering traders’ success. Being openly aligned with traders’ interest fosters loyalty and long-term relationship.
Highly Lucrative
During the challenge phase, all trades are executed in a virtual environment with live trading conditions. This means there is no trade execution cost and all registration fees collected creates another source of revenue.
Differentiate from Competition
Prop Trading Brokers can easily standout in the highly competitive FX industry with this unique proposition, positioning themselves as innovative industry leaders and attract traders who value access to proprietary capital and the associated benefits.
First Mover Advantage
Traders recognize the value of accessing proprietary capital without burdensome personal investment. With the huge success of FTMO, Prop Trading platforms have witnessed a significant upsurge in demand only in mid 2023. There presents still plenty of opportunities to tap and benefit on this rising trend.
Low Setup Cost
Traditionally, FX Brokers require a much greater start-up capital with a significant amount attributing to obtaining an FX license and the accompanying regulatory capital requirements. Prop Trading Brokers only require a trading platform and CRM to get started, saving on both time and costs.
Discover Trading Talents
One of the primary obstacles faced by independent traders is the lack of sufficient capital to execute their strategies effectively. Prop Trading Challenges provide a platform for skilled traders to be unearthed and given capital support to take advantage of market opportunities that were previously out of reach, and by doing so generate profits on your proprietary capital.
Multiple Challenges, One Glance.
Enable your traders to embrace multiple challenges without missing a beat, keeping their eyes on the prize with intuitive challenge progress tracking.
Stats in a Snap.
Traders can effortlessly access essential statistics and details at their fingertips, enabling them to visualize the growth of their challenges with ease.
Challenge Accepted!
Your Traders will enjoy a quick overview of all ongoing challenges with one-click participation and seamless registration fee payment, simplifying their trading experience.
Here’s what you get.
Branded Client Portal
A highly intuitive interface for your traders to manage all trading accounts and access critical functions and requests at a glance for an absolute game-changing user experience.
Admin Portal
A sophisticated backend system allows your team to manage operations efficiently from user roles and permission management to addressing client requests.
Multi-Tier IB Module
Design your preferred commissions setup with unlimited IB ranks, real-time commission calculations & automated distribution, enabling any trader to became an IB to market your brand.
Where Design Meets Functionality
Designed with user-friendliness in mind, our platform offers fully visualized performance tracking. Traders can effortlessly monitor completed criteria and intuitively track progress on ongoing ones.
You have the freedom to customize every challenge parameter, tailoring each one to create a unique experience for your traders. All of this can be done easily in your Backoffice. Whether you’re creating brand new challenges or duplicating previous ones, the power is in your hands.
Utilize our advanced integrated CRM to customize commissions or even profit sharing with unlimited IB ranks, featuring real-time calculations and automated disbursements, for flexible and efficient referral rewards.
All trader accounts are protected with 2FA security and Scrypt encryption. Every action within the CRM is secured by audit trails for efficient troubleshooting and maintenance of system integrity.
Streamline your oversight of challenge performances by easily exporting data, statistics, and reports, encompassing participant information, trade history, fee summaries, and more.
We prioritize your success and align our interest with the fees you’ve successfully collected to minimize your business risks.
What is a Prop Trading Challenge?
Prop, short for Proprietary Trading, is when a firm trades on FX, Commodities or other financial instrument using its own capital. Prop traders are hired for the purpose of managing these funds to generate profits.
Prop Trading Challenges, also known as Funded Trader Challenges offer individual traders around the world the opportunity to undergo an evaluation process to showcase their trading abilities to be picked as Prop Traders. Depending on the challenge criteria they undertake, successful participants will be given a starting equity that can range from $25,000 to more than $1,000,000 to trade, with profit sharing arrangements with the company.
Fully Managed Prop Firm White Label
Anyone can start a Proprietary Trading Firm with Broctagon’s fully managed solutions. Let us handle all the risk and technical complexities while you focus only on one thing – bringing in the Traders.
Best of all, we help you establish a Prop Firm from the ground up on a success fee model, ensuring our interests are perfectly aligned with yours.
Here’s what you get.
Full Tech Setup
Empower your traders with one of our preferred trading platforms, seamlessly integrated with our CRM and liquidity solutions, and fully hosted and managed by our dedicated team.
Branded CRM
Your unique CRM designed to captivate traders, complete with IB commissions capabilities, advanced multiuser admin backend, integrated Payment solutions and much more.
Risk Management
Harness our real-time account monitoring tools and data-driven curated trading conditions as your blueprint for proven results.
End-to-end Solutions
Be ready from the get-go with all your business needs, from payment processing to KYC and live-chat solutions, all pre-integrated.
Design & Branding
Need help in crafting a distinctive identity? Our in-house creatives are here to expedite your launch.
Funding & Consultancy
We provide guaranteed access to a network of investment partners to fund your profitable traders so you can grow your business without financial barriers or constraints.