Prop firm Funded7 entered into a partnership with online broker XM, according to CEO Todor Georgiev. The cooperation focuses on integrating prop trading models with traditional market infrastructure and targets a more structured and capital‑disciplined trading environment.
“At Funded7, we see proprietary trading firms and traditional market infrastructure providers as partners, not competitors. Prop trading represents an evolution of the industry, shifting the focus toward discipline, education, structure, and more responsible use of capital.”
Funded7 Sets Out Collaboration Approach
In a LinkedIn post, Georgiev said that the partnership with XM aligns with this approach and supports Funded7’s plan to develop a sustainable operating model for traders.
Georgiev said the partnership with XM forms part of an effort to build a sustainable prop trading model that relies on collaboration rather than fragmentation in the market.
“As an independent company, we are deliberate in choosing partners based on trust, scale, and long-term alignment. Our aim is simple: build a sustainable prop trading model that benefits from collaboration rather than fragmentation.”
The firm offers trading challenges and funded accounts and mirrors the functionality of traditional brokers through its choice of platforms and partners.
Additionally, Funded7 explained that the cooperation introduces a daily rebate mechanism for eligible Funded7 clients trading via XM. The setup links client trading activity to XM’s cashback infrastructure, with rebates calculated per trade and credited on a daily basis through XM’s own systems rather than through Funded7.
“Working together, rather than in silos, creates a more sustainable model for traders and for the industry as a whole. That thinking is what led us to partner with XM, a firm with a long-standing reputation and strong presence in key markets such as Japan.”
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More
You might also be interested in reading Morgan Stanley Unit Considers $150 Billion Bitcoin Investment: Bloomberg.