Brokerage software solutions provider UpTrader has announced that the company is launching support for Prop Trading in its Forex CRM ecosystem. All UpTrader customers from the basic Self-served to Enterprise plan will have access to the Prop Trading feature.
Vasily Alexeev, CEO of UpTrader said:
“In 2022, when the support companies started appearing, it didn’t seem to me that they would have a long life.
“However, now in 2024, we can all see that prop trading is thriving. At UpTrader, we not only build a foundational infrastructure for brokers that provides everything required to build a strong business, but we also respond to high-demand services if we see steady market demand and a promising future outlook.
I am pleased to announce that we have finally launched a Prop Firm Module for our UpTrader CRM. We invite brokers to take advantage of UpTrader Forex CRM’s extensive features, including Prop Trading accounts, and take your business to the next level.”
Overview of support transactions
Prop trading, short for proprietary trading, is when a firm, often referred to as a prop firm, engages in trading financial instruments with its own money rather than using client funds. This is distinctly different from traditional retail or customer-driven commerce, as the primary objective here is for the business to earn immediate profits from its commercial activities. Proprietary trading companies hire traders, who act more as subcontractors than traditional employees, to execute transactions. Profits generated from these activities are usually shared between the traders and the business, with the traders often receiving a significant portion of the profits due to their role in creating them.
One of the key distinctions between a proprietary trade and a retail trade is the source of capital. In retail trading, individuals trade with their own money and are subject to their own risk tolerance and strategies, while in prop trading, the capital is provided by the firm. Investors must follow the company’s trading strategies and risk management protocols.
About UpTrader
UpTrader is a CRM provider with over a decade of experience in creating innovative solutions specifically for the Forex market. Its specialty lies in cloud-based solutions designed to meet the diverse needs of brokers, with our main offering being Forex CRM. UpTrader’s extensive range of services includes additional White Label trading platforms, as well as forex and cryptocurrency liquidity, as well as a copy trading platform.