As interest in proprietary trading rises among regulated brokerages, FPFX Technologies, the US-based technology provider for the trading industry, has opened a dedicated office in Limassol, Cyprus.

The new outfit, FPFX Tech CY Ltd, aims to boost the company’s support for firms looking to expand into prop trading with tailored automation and risk management solutions.

Targeting Expansion in Prop Trading Space

“Through this office, we plan to meet and exceed the needs of regulated brokers that are looking to enter the prop space with the industry’s best technology provider and risk management solutions,” the company said.

FPFX Technologies, known for SaaS solutions that enable trading firms and brokerages to scale their businesses, added that the Cyprus office represents more than just a geographic expansion. The company sees this move as a targeted push to work closely with regulated brokerages, exploring new business lines.

According to the firm, the Cyprus base enables it to offer more direct and localized support, helping brokers bridge the gap between traditional offerings and proprietary trading models. This includes custom-built trading automation and enhanced risk management solutions tailored to regulatory environments.

FPFX Tech is a software-as-a-service solution developed exclusively by the company for the prop trading industry. Its Prop Trading Tech Kit reportedly automates workflows, eliminating manual processes.

The State of Prop Trading

Interestingly, FPFX Tech released a survey about the prop trading space, highlighting that the industry is dominated by men, who make up 78% of all trader-funded firms (TFFs) clients. I added that those investing are mostly the Gen Z and Millennials, who account for over 60% of all customers.

“According to the data in the survey, 14% of traders passed the challenge and obtained a funded account. Of those, about 45% achieved a payout (7% of all traders) in their funded account, with the average payout being 4% of the plan size (or account value),” Justin Hertzberg, one of the founders and CEO of FPFX Tech, told financemagnates.com.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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