Trade.com Rolls out Prop Trading Under a Cyprus-Based Entity

Fazzaco learned that Trade.com, the multi asset brokerage brand operated by Trade Capital Holding, has introduced prop trading services under the brand Trading.com Challenges. The broker has joined the ranks of IC Markets, Traders Trust, etc.

According to the Trade.com Challenge website, the prop trading service is offered by Tplus Technologies Limited, a corporation registered in Cyprus and different from Trade Capital Markets (TCM) Ltd, the Cyprus-licensed entity that runs the Trade.com brand in the EU region.

In April, Trade.com has acquired an Italian regulatory license and launched operations in the country, in addition to the broker-dealer license from the FINRA​ received in late 2022.

Last month, Fazzaco reported that James Glyde​, a former longtime executive at Spotware Systems, has started a new brand in the prop trading space, named PipFarm. Besides, Fazzaco has delve into​ how prop firms employ the "challenge" to manage risk, the potential for scams, and contrast the "challenge" costs across six prominent prop firms.