Fortunly, a financial news and product review service, has listed Traders With Edge, a proprietary trading firm, among its best prop trading firms for the month of August 2023. Financial news site, Investopedia, defines proprietary trading or prop trading as follows:
“Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as “prop trading,” this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve the trading of stocks, bonds, commodities, currencies, or other instruments.”
(Ready to raise your trading to the next level? https://traderswithedge.com/?=348 )
Traders With Edge operates out of Hong Kong and the United States. The firm targets two types of traders. First is the trader who is ready to pursue trading full time. The other type of trader is the individual who already trades full time but wants to move to a firm that offers her the ability to trade larger accounts.
Traders With Edge’s goal is to have 25,000 traders on its platform by the end of 2025.
Proprietary trading on the part of large banks took a hit after the Great Financial Crisis of 2007-2008. Large banks either severely reduced or abandoned altogether their proprietary trading activities. This vacuum left by the banks created an opportunity for smaller firms to occupy the proprietary trading space.
A number of proprietary trading firms, including Traders With Edge, are backed by private equity firms. Traders With Edge offers 1,172 assets for trade.
Alton Drew
14 August 2023
Disclaimer: The data and output from this blog post does not constitute investment or legal advice and is not a personal recommendation from Alton Drew. Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options. Any investment activities undertaken will be at the sole risk of the reader. Alton Drew expressly disclaims all liability for the use or interpretation (whether by visitor or by others) of information contained herein. Decisions based on this information are the sole responsibility of the reader. Any visitor to this page agrees to hold Alton Drew harmless against any claims for damages arising from any decisions that the visitor makes based on such information.
This page contains affiliate links. If you choose to make a purchase after clicking a link, I may receive a commission at no additional cost to you. Thank you for your support.