Trading educator Bernd Skorupinski announced on Friday that he has launched his own prop trading firm.
The company is called Campus Fund and is registered in Dubai, where Skorupinski also appears to be based.
Campus Fund offers accounts up to $360,000, with scaling plans that go up to $1m.
The firm is somewhat unique in that it only offers instant funding accounts. Traders also have to apply for an account before they can actually purchase it.
Skorupinski says the firm has no time limits or profit targets for its accounts.
He also noted that traders must go through a more detailed application process, including actually having a call with employees of the firm, before they can get access to the accounts.
Props are easy to launch and traders want instant funding
The launch of the new firm reflects several trends that we are seeing in the prop space, as well as some we have seen before.
Props have often been set up by educators, affiliates, and introducing brokers because it is so simple to do so. Some providers, like cTrader, can help you start a prop firm in one week.
The result is that brokers and props are in some ways at risk from being cut off from a partner’s clients, because that partner can very easily set up a prop, in a way that they probably would not be able to do with a brokerage business.
Indeed, Skorupinski has been a huge IB for several props, most notably FTMO, where he claims to have made the prop’s biggest ever payout. We have also seen big IBs for Exness and Markets.com do similar things.
The other factor here is that Skorupinski is catering to what clients want. As reported a couple of weeks ago on TradeInformer, the main demand today appears to be for instant funding, something we see from both search data and from prop’s themselves.