Retail broker MarketsVox is setting up a prop trading arm.
The company has set up a new URL – MVFunded.com – for the offering.
On the website, the company says that it will begin operations on October 23rd
The firm is the latest in a string of regulated brokers that have now launched a prop trading entity.
OANDA, IC Markets, and Blueberry Markets are just some of the firms that have launched standalone prop trading businesses. Axi has also launched one, although with a different business model.
MarketsVox is regulated in the Seychelles and is headed up by UK-based CEO Joe Roeder.
Brokers are arguably in a better position to offer prop trading compared to props.
Leaving aside licensing and operational standards that tend to be better than props, regulated brokers typically have a MetaTrader offering, which they can offer to prop clients.
As noted previously on several occasions on TradeInformer, props are struggling to access MetaQuotes products, either via a partner broker or on their own.
