The Prospects of Prop Trading
The interest in proprietary or prop trading has been increasing over the past few years. The global prop trading industry was valued at USD 6.7 billion in 2020 and is expected to grow at a CAGR of 4.2% from 2021 to 2028. Even the search demand for terms like “prop firm” rose by 8,409% between January 2020 and March 2024.
Prop trading is a unique style of trading. It is when a company gives its own money to skilled traders, or prop traders, to invest in financial markets. Instead of managing other people’s money, these traders use the company’s cash to buy and sell different investments. When they make successful trades, the company and the trader share in the profits. Popular instruments traded by prop firms range from stocks, bonds, currencies, and commodities, to other financial instruments.
Here’s our complete guide on what is prop trading?
Most prop trading companies use sophisticated tools like Brokeree’s Prop Pulse to launch and manage programs. In this article, we’ll look at some of the key features of Prop Pulse, including performance monitoring and risk management.
Key Features of Brokeree’s Prop Pulse
1. Multi-Platform Support
Prop Pulse is supported on cTrader and MetaTrader 4 and 5. cTrader is valued for its low-latency execution. It reduces slippage and allows traders to respond to market conditions in real-time. The trading platform also offers advanced charting, customizable trading options, and a variety of technical indicators. Proprietary trading firms that utilize cTrader can now leverage all the features of Prop Pulse without needing additional tools or custom-built solutions.
2. Client Registration and Onboarding
Prop Pulse streamlines the onboarding process, allowing trading firms to efficiently register and onboard new clients. The user-friendly interface ensures a smooth experience for both the firm and the clients, minimizing administrative hurdles and expediting the client onboarding journey. A trader may choose a challenge from the list of opportunities curated by a broker or a trader funding firm. After signing up for a challenge, an admin may review the request and ensure all KYC steps are completed. Once the request is approved, a client will be assigned to a trading account and can start the challenge.
3. Customizable Trader Challenges and Objectives
One of Prop Pulse’s standout features is the ability to create customizable challenges for traders. Trading firms can tailor challenges to align with their specific goal, fostering a dynamic and engaging trading environment. This feature not only enhances trader performance but also adds an element of gamification to the trading experience.
Prop Pulse provides a robust framework by enabling the configuration of up to 20 distinct objectives. This flexibility allows trading firms to align trading activities with their strategic goals, ensuring that each objective contributes to their overall success and growth.
4. Performance Monitoring and Evaluation
One of the standout features of Prop Pulse is its user-friendly dashboard system, a powerful tool that enhances transparency and facilitates comprehensive monitoring of client performance. The intuitive dashboards serve as a dynamic hub, spotlighting both successful and unsuccessful accounts. This feature not only aids in tracking clients’ performance but also provides valuable insights into their ability to navigate challenges, balance positions, and achieve or miss objectives.
5. Risk Management with Customizable Thresholds
Prop Pulse recognizes the critical importance of risk management in prop trading. The platform allows trading firms to define and manage risks with customizable thresholds, ensuring that trading activities remain within predefined risk parameters. This proactive risk management approach enhances the stability and resilience of prop trading operations.
6. Emergency Notifications
Timely information is paramount in forex trading. Prop Pulse incorporates an emergency notification system to provide trading firms instant alerts and updates. Whether it’s market fluctuations, regulatory changes, or other critical events, this feature ensures that trading firms stay informed and can respond swiftly to emerging situations.
Conclusion
For prop trading firms, Prop Pulse is the complete package you’ve been waiting for. It runs smoothly on both cTrader and MetaTrader platforms, handles all your trader onboarding, lets you create custom challenges, tracks performance automatically, and keeps your risk in check. Now, you can stop juggling multiple systems and focus on growing your prop trading business. With the prop trading market set to keep booming through 2028, Prop Pulse gives you everything needed to scale up and stay competitive.
Up next, we’ll discuss how prop firms can select prop trading tech provider.
