New Proprietary Trading Firm Tradiac Officially Launches

​The new proprietary trading firm Tradiac has officially launched. Founded by Michael Buchbinder in partnership with an exclusive hedge fund, the firm aims to "change the landscape of the prop trading industry by providing successful individual traders with access to larger amounts of capital".

Tradiac will provide its proprietary capital for trading on the MT5 and cTrader platforms facilitated by Scandinavian Capital Markets, an online broker based in Sweden. Leveraging the financial backing of the partnered fund, Tradiac will have the ability to fund clients while managing risk.

Michael Buchbinder, Tradiac's Co-Founder with over 16 years of experience in forex and trading industry, said: “The most difficult part for individual traders is securing the capital needed to trade full-time. At Tradiac, we aim to remove this hurdle, giving our traders the opportunity to maximize their potential.”

Recently, several trading companies have begun to expand into the proprietary trading industry. In April, GCEX, a leading prime brokerage in digital assets and FX, released XplorDigital trading solutions, including two new proprietary trading platforms – XplorSpot and XplorTrader​. XplorSpot targets crypto trading among institutional clients, while XplorTrader is designed for margin based CFD and forex trading.

Furthermore, Trade The Pool​, a funding firm for stock traders, also launched its proprietary trading service based on TraderEvolution Global's software last October, allowing stock day traders to generate profits from trading US equities and ETFs.