B2Broker has launched a turnkey solution designed to help enterprises create and develop their proprietary trading (“prop trading”) firms.
The new solution, B2Prop, is designed to help prop trading firms, crypto and foreign exchange (FX) brokers and multi-asset brokerage houses diversify their products and expand their customer base, the company said in a Tuesday (July 9) press release.
“B2Prop allows companies to build custom trading challenges focusing on unique metrics such as profit goals, risk limitations and performance standards,” B2Broker said in the release. “These challenges may be multi-level and offer support for a variety of currencies. Notably, B2Prop does not levy supplementary fees based on the number of challenges, accounts or stages involved.”
B2Prop integrates with trading platforms like MetaTrader 4, MetaTrader 5 and cTrader, according to the release.
It offers dashboards that help businesses track traders’ metrics from registration to the funded accounts stage, the release said.
The solution also facilitates several opportunities for revenue generation, per the release. These include challenge fees that let businesses earn revenue from fees incurred by traders who sign up for proprietary trading challenges, profit sharing based on profits generated from the dealings of traders and customized trading arrangements that let companies adjust trading conditions.
In addition, because B2Prop is integrated with B2Broker’s copy trading platform, B2Copy, companies can implement the strategies of successful traders into their own accounts, according to the release.
“B2Broker’s B2Prop Turnkey package offers an all-in-one solution for companies wishing to lay the foundations of a successful proprietary trading firm,” the company said in the release.
In another recent development around trading, it was reported in May that online brokerage Robinhood Markets saw strong crypto trading volumes and increased net interest revenue driving its first-quarter profits and exceeding expectations.
The company’s thriving crypto trading business was boosted by the approval of the first spot bitcoin exchange-traded funds (ETFs) in the United States.
In May, British FinTech Revolut unveiled a stand-alone cryptocurrency exchange for professional crypto traders, saying the new Revolut X is designed to compete with other top exchanges by offering easy on and off ramping, and low fees.
