Fotis Theodosiou has joined the brokerage arm of prop trading firm FundedNext as its Chief Dealer.

Theodosiou joins the firm from Exclusive Capital, where he spent just over three years, also as Chief Dealer.

The new FundedNext executive started out in the industry a decade ago at Exinity, the owner of broker brands FXTM, Alpari, and Nemo.

He was promoted several times during his time at Exinity and moved from a Dealer to become Senior Vice President of Dealing and Monitoring.

FundedNext was launched in 2021 and has become one of the most successful prop trading companies in the nascent industry.

The company is one of several prop firms to have started expanding into the brokerage sector.

Rival brand FTMO announced that it will acquire OANDA earlier this month. Other firms, like Alpha Capital and FundingPips, have also either acquired a brokerage license or implied that they intend to do so.