Exclusive FNG… FNG has learned that James Glyde, a former senior executive at Spotware Systems – the developer of the cTrader trading platform – has launched a new brand in the ‘Funded Trader’ retail trading space, called PipFarm (on pipfarm.com).
PipFarm will be based in Singapore and will operate on his former employer’s cTrader platform.
James Glyde spent six years at Spotware from 2013-2019, the last three as the company’s Chief Commercial Officer, during a period where cTrader became the #2 retail multi-asset trading platform behind competitor MetaQuotes’ MetaTrader ( MT4 and MT5). . Most recently, James spent the last two years as Operations Manager for Swedish/Canada based broker Scandinavian Capital Markets.
The new venture emerges amid recent upheaval in the retail trading industry caused (mostly) by MetaQuotes’ sudden withdrawal of support for Funded Trader firms using gray-labeled MetaTrader 4 and 5 platforms by Retail FX and CFD brokers. MetaQuotes’ withdrawal from prop trading has left many brand firms scrambling for alternatives, highlighting the market’s vulnerability and the need for stable, reliable solutions.
James Glyde told FNG about the new venture,
“PipFarm offers cTrader for the endless benefits it provides, not because circumstances twisted our hand.
“After several months of development and weeks of beta testing, we have the most stable and tested cTrader integration.
“Our deep understanding of the funded trader space and state-of-the-art proprietary technology, combined with cTrader’s exceptional capabilities, equip us to provide a supportive environment where traders can thrive.”