Prop Firm Traddoo Partners With TradersLaunch and Enters Futures Market ⋅ Crypto World Echo
Prop firm
Traddoo announced a strategic pivot to futures trading through a new
partnership with TradersLaunch, marking a shift from its previous forex-focused
business model.
Traddoo Pivots to Futures
Trading Following FunderPro Split
The
transition comes after
a two-month operational pause and the termination of Traddoo’s partnership
with FunderPro, which resulted in a contractual restriction preventing the firm
from offering forex trading services for one year.
“It was
time to future-proof our operations,” the company commented. “The same live
capital allocations we brought to FX – now available for Futures Traders.”
It was time to future-proof our operationsIntroducing Traddoo FuturesThe same live capital allocations we brought to FX – now available for Futures Traders #TeamTraddoo pic.twitter.com/ZmVfirwfC4
— Traddoo (@Traddoo) October 28, 2024
The US-based
prop firm has already completed several integration milestones, including the
implementation of Volumetrica and NinjaTrader platforms, which are widely used
in futures trading. The company has also established its core trading
infrastructure through TradersLaunch.
Trying to build out new ways forward with partners we can trust!
— Traders Launch (@TradersLaunch) October 28, 2024
Traddoo is
currently finalizing essential operational components, including KYC protocols,
payment processing systems, and communication infrastructure. The company
expects these elements to be completed in the coming weeks, enabling a
full-scale launch of its futures trading services.
In recent
months, several prop trading firms have entered the futures market, including The
Funded Trader, which launched The Futures Traders, and Crypto
Fund Trader, which introduced its Crypto Futures Platform.
The prop
trading sector is rapidly evolving, attracting increased interest from
traditional FX and CFD brokers.
More CFD Brokers Entering
the Prop Trading Market
In October,
Axi Markets celebrated
the anniversary of its prop trading brand, Axi Select. Over the past year, the brand attracted 17,000 traders and offered funding up to $1 million.
Want to know what makes Axi Select a game-changer for the trading industry? Check out our latest video!https://t.co/rX0ieokMnePromoted by AxiTrader Ltd. We act as a principal counterparty to all of your positions. Not available to AU, NZ, EU & UK residents.
— Axi (@axi_official) October 17, 2024
Additionally,
ATFX has joined the list of brokers offering prop trading. According to an exclusive report from
Finance Magnates, the new prop trading venture will be directly
connected to ATFX’s brokerage services.
“Our vision
for this new trading company extends beyond a mere funding platform,” Joe Li,
Chairman of ATFX, said regarding the upcoming launch of the prop trading
platform. “We are committed to building a comprehensive system that not only
provides traders with the capital they require but also integrates them into a
trusted and secure ecosystem. This level of support and reliability is
unmatched in the industry.”
This article was written by Damian Chmiel at www.financemagnates.com.
