Prop firm FundingPips has expanded its operations with the launch of a new retail brokerage named Tradin, thus entering into the competitive direct-to-consumer trading market.
The brokerage offers access to “ultra-tight spreads” and “fast executions” as key features for potential clients.
Regulatory Structure and Jurisdiction
Tradin operates under the regulation of the Financial Services Commission in the Republic of Mauritius. A separate corporate entity for the business is also incorporated in Saint Lucia, a common structure for international financial firms.
The broker will not serve clients from a number of specified countries, including the United States, Canada and nations under comprehensive international sanctions such as Iran, Syria and North Korea.
Operational support will be provided by a related Cyprus-based company, Funding Pips Services Ltd., which will be processing certain administrative tasks but “does not provide financial services, does not handle client funds directly and is not responsible for financial advice or regulatory compliance.” According to the project’s website, full responsibility for all financial services and client claims rests solely with the regulated Mauritian entity, Tradin.
Industry Shifts Toward Retail Trading
Earlier this year, FundingPips unveiled a new venture called FundingTicks, a brand focused solely on futures trading. The company dubbed the initiative “the future of futures.” FundingTicks provides traders with two onboarding paths: Immediate funding or a streamlined one-step evaluation process. Among its offerings was a $100,000 funded account priced at $286.
In other industry news, B2PRIME Group, a global financial services firm, has announced a strategic expansion into the retail trading sector with the launch of a new division, B2PRIME Retail.
The move is designed to provide individual traders with access to the company’s established trading technology and infrastructure, which has primarily served institutional clients.
Read More: All-Time Payout Kings: Which Prop Firms Have Paid Traders the Most?
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