TradeInformer has learned that the son of ex-Newcastle legend Alan Shearer is a major shareholder in one of the largest prop firms in the online trading industry.
UK company filings show that Will Shearer owns between 25% to 50% of Acello Group, which operates prop firm Instant Funding.
The prop firm was launched in 2020 by Shearer and co-founder Lewis Mansbridge, who owns the remainder of the company.
There is no evidence that Alan Shearer is involved with the firm or that he provided any financing for the company.
Instant Funding has evolved into one of the largest players in the prop firm industry since it was set up in 2020.
The company recently launched a huge free giveaway campaign, which led to 5,000 accounts worth $5,000 being given away for free. The prop’s site had almost 3m visits in July, according to Mansbridge, which coincided with the launch of the giveaway.
Instant Funding is also in the process of launching a crypto prop firm call IF Crypto.
