Bulgarian broker DeltaStock has launched its own prop trading arm called DeltaFunded.
The new prop firm offers five different funded account sizes, ranging from €5,000 to €100,000.
Fees range from a low of €59 for that €5,000 account to a high of €699 for the €100,000 account.
Traders have to pass two stages before they get a funded account. Traders must be active for a minimum of four days for each challenge stage.
It is unclear what platform DeltaFunded will be offering. DeltaStock has its own trading platform, as well as MetaTrader 5.
Currently DeltaFunded does not accept clients from the US. This is typically a MetaQuotes requirement, so it’s plausible that the broker will be offering MetaTrader to prop trading clients too.
DeltaStock the latest broker to launch a prop product
DeltaFunded is the latest broker-backed prop to have launched. A large number of brokers have branched out into offering a prop trading service over the last couple of years.
Axi has added Axi Select, which operates on live accounts.
However, other firms have simply followed the regular prop model, where trading takes place in a simulated environment.
That includes ATFX, IC Markets, Blueberry, Vantage, Taurex and VT Markets.
The move to add prop trading is probably a mix of servicing client demand and adding a new product which requires less regulatory oversight.
Client search volume for prop trading on Google, for example, has risen dramatically over the last couple of years.
At the same time, the fact props trade in a simulated environment means they are effectively operating something like an e-commerce product and don’t have to subject themselves to the cumbersome regulations that brokers do.
