Proprietary trading, or "prop trading," is quickly emerging as a
significant trend within financial domains. The global prop trading
industry, valued at USD 6.7 billion in 2020, is anticipated to
observe a compound annual growth rate (CAGR) of 4.2% from 2021 to
2028. The burgeoning interest is self-evident, with the search
demand for "prop firm" ascending by 8,409% between January 2020 and
March 2024.
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B2Broker, a market-leading liquidity and
technology provider, has added B2Prop to its extensive lineup of
turnkey solutions. B2Prop is a comprehensive, challenge-based
platform designed to start a prop trading firm from scratch.
(Graphic: Business Wire)
In line with the growing demand for prop trading and the
consequent need for purpose-built software solutions among brokers,
B2Broker has launched B2Prop, a highly efficient turnkey solution
expertly designed to assist enterprises in creating and developing
their proprietary trading firms from inception.
Spotlight on B2Prop
B2Prop is an all-inclusive, challenge-based platform designed
for a variety of businesses: prop trading firms, crypto and FX
brokers, and multi-asset brokerage houses. The platform enables
these firms to diversify their products and expand their customer
base. Its development has been influenced by industry-leading
practices with a key emphasis on client needs.
B2Prop allows companies to build custom trading challenges
focusing on unique metrics such as profit goals, risk limitations,
and performance standards. 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.
Successful traders surpassing these challenges are awarded
access to funded accounts paired with lucrative profit-sharing
models, typically enabling them to retain 70-80% of their trading
profits.
B2Prop integrates seamlessly with premier trading platforms such
as MetaTrader 4, MetaTrader 5, and cTrader. There are also plans to
introduce B2Trader, TradeLocker, and others shortly. Additionally,
it offers powerful dashboards that facilitate businesses to track
traders' metrics from registration to the funded accounts stage,
confirming alignment with customer needs.
Several Revenue Streams for Companies
B2Prop provides businesses with numerous revenue-generation
possibilities:
Businesses can earn revenue from the fees incurred by traders
who sign up for proprietary trading challenges. Traders who are
unable to meet the challenge prerequisites often make at least
three attempts to repurchase and clear the challenge, increasing
the company's revenue.
Only premier traders successfully surpassing the challenges can
access funded accounts. The company furnishes the capital for these
accounts while retaining some of the profits generated from the
traders' dealings. This part usually ranges from 20% to 50%.
- Customised Trading Arrangements
Companies can adjust trading conditions to their advantage. For
example, enforcing higher commissions can reduce the profit margins
on funded trader accounts. As a result, the company pays less out
in disbursements while still benefiting from the margin.
- Implementing Successful Strategies
B2Prop is efficiently integrated with B2Broker's potent copy
trading platform, B2Copy, which reveals another possible revenue
channel. Companies can alter the funding limits on trader accounts
and opt to implement the strategies of successful traders into
their own accounts. As a result, the company is able to earn extra
profits without compensating those traders.
Comprehensive Turnkey Service: All Essential Components to
Launch a Prop Firm
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 package's cornerstone is the B2Core CRM, which serves as a
one-stop platform for traders to join, purchase trading challenges,
track their performance, and manage payments. Additionally, it
facilitates growth by integrating payment services, KYC solutions,
and IBs, among other things.
The package includes the white-label cTrader platform, which is
tailor-made for proprietary trading firms. This platform marries
cTrader's innovative features and broad applicability with a
cost-effective business model. B2Prop also offers integration with
MT4 and MT5 servers for companies that possess the licence.
Furthermore, the turnkey package includes B2BinPay, B2Broker’s
blockchain platform, which can process cryptocurrency payments and
allow clients to deposit various coins and stablecoins on eight
different blockchain networks. Once their accounts are funded,
clients can proceed to buy trading challenges, which offers greater
flexibility in payments and attracts a wider spectrum of
traders.
The package also boasts of B2Copy, a copy trading platform
offered by B2Broker that enables firms to duplicate successful
traders' strategies directly into their accounts, promising extra
profits without the need to pay those traders.
The B2Prop turnkey solution offers three transparent monthly
pricing plans:
- $1000/month: B2Prop when added to an existing setup with
B2Copy, B2Core, or White Label cTrader Prop.
- $2000/month: B2Prop standalone.
- $3000/month: B2Prop combined with B2Copy
All plans include free setup, no hidden fees (no module charges
or volume fees), unlimited user and admin registrations, and no
account-based charges. Additionally, there's a discount for annual
packages if prepaid for 9 months.
Adjusting Trading Challenges in B2Prop through B2Core
B2Broker has incorporated B2Prop into its B2Core platform to
enhance the management of prop trading challenges. Administrators
can find the Prop Trading section under the Investment
Platform menu on the admin panel. This newly added feature
includes the Challenges List page, specifically designed to
create and administer prop trading challenges with the utmost
ease.
When setting up a new challenge, administrators provide a name
and description and upload an image to represent the challenge on
the front-end.
Next, they are tasked with specifying the challenge parameters
like plans, steps, initial account settings, key performance
metrics (minimum trading days, maximum loss limits, profit
targets), fee amount, fee currency, trading account amount, and
trading account currency. Rules are also set for disqualifying
participants who exceed the daily loss limit.
The progress of participants is tracked via the admin panel. It
lists active and past accounts and their current challenge status
(started, successful, or failed). Administrators can then recognise
successful participants and create funded accounts for them.
Traders can see a list of available challenges on their
interface, complete with images and key metrics. Joining a suitable
challenge is as easy as a single click, and the entry fee can be
paid from their wallet if necessary.
While progressing, participants can monitor important metrics
like equity, maximum drawdown, and number of trades. The platform
also provides daily trading summaries with P&L and volume
metrics.
Upon finishing a challenge, participants receive an email with
details about their prop trading account. They can also check their
past challenges and get comprehensive results and trading data for
each account.
Setting the Standard for Prop Trading Technology with
B2Prop
B2Broker, a notable player in the FinTech sector, is
acknowledged for generating state-of-the-art technology and
liquidity solutions. The company broadens its turnkey product
inventory with B2Prop, a ready-to-use solution facilitating
effortless start of prop trading undertakings for businesses.
B2Broker offers a comprehensive demo of B2Prop to encourage its
clients to explore the product fully. The team is persistently
improving the platform, with a range of enhancements currently
being developed.
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