The Surat-based proprietary trading scandal, once considered a small-scale incident, has spread far and wide, affecting traders across India, according to new investigative documents. The Moneycontrol report also found that some exchanges allowed individual traders to use prop trading accounts without applying any risk controls or identity verification. Industry insiders are raising concerns about unusual…
Category Archives: News
10
Nov
Nov
A recent financial crash has left many leveraged traders in the NCR, Jaipur, Ranchi and Kolhapur regions facing a severe crisis, with many becoming insolvent and fears of a spillover to other cities. Prop trading scam from Surat spreads nationwide The proprietary trading scandal that began in Surat earlier this year is spreading rapidly across…
10
Nov
Nov
Ruben Abitbol, former Head of Trading and Risk at The5ers, has launched Rubik Consulting – a firm operating under the Risk Management as a Service (RMaaS) model, aimed at helping prop firms manage risk and build long-term sustainability. He warned that even 1% of traders left unchecked could be enough to push an entire company…
04
Nov
Nov
PipFarm’s recent withdrawal from Prop Firm Match has raised questions about potential conflicts between some proprietary trading companies and the rating platform. According to Prop Firm Match, PipFarm’s removal was the result of a “rigorous review process.” Meanwhile, PipFarm CEO James Glyde said the rating platform had made “unreasonable” demands that were unacceptable. Addressing compliance…
28
Oct
Oct
In search of new traders, Raen Trading, a proprietary trading firm serving institutional clients, has launched an international recruitment program. The company uses Trading Technologies as the core platform for the assessment process. This platform allows potential traders to access advanced trading tools, simulate real trading experiences, and improve their competitiveness in the global market….
23
Oct
Oct
Spotware, the company behind the trading platform cTrader, has introduced a new account type designed specifically for proprietary trading firms. The free prop trial accounts provide time-limited demo access for traders, allowing firms to run competitions, onboarding tests, or recruitment campaigns without requiring paid participation. According to Spotware, several leading firms, including FTMO, Instant Funding,…
21
Oct
Oct
CME Group – the world’s leading derivatives exchange has just announced its decision to sanction individual Mohamed Abdelaziz Ali Abdelaziz, after discovering violations related to trading regulations on the NYMEX market. Abdelaziz violates NYMEX rules: Prearranged Brent crude circular trading According to a report from the Business Conduct Committee of the New York Mercantile Exchange…
16
Oct
Oct
MyForexFunds CEO Murtuza Kazmi has broken his silence of more than two years. He has just released an important official announcement. This statement updates the community on the company’s legal status and current operations. MyForexFunds: CEO Murtuza Kazmi breaks two year silence In his message to the community, Kazmi opened with a heartfelt thank you….
15
Oct
Oct
At the 2025 Forex Expo Dubai, one of the largest financial exhibitions in the Middle East, FundedFirm proudly earned the title of “Most Trusted Prop Firm of 2025.” This prestigious award recognizes the company’s outstanding contributions to building a transparent and trustworthy trading environment while fostering sustainable growth for the global trading community. FundedFirm honored…
14
Oct
Oct
Wall Street Funded (WSF) recently announced significant improvements to its platform, marking an important step in its journey of innovation and modernization. According to the company, the upgrades began rolling out over the weekend, focusing on improving technical infrastructure, enhancing system performance, and refreshing the brand image. These changes are aimed at providing a smoother,…