Proprietary trading, or “prop trading,” is quickly becoming popular in the financial markets. Once a niche practice, the global prop trading industry, valued at USD 6.7 billion in 2020, is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The search demand for the keyword “prop firm” increased by 8,409% between January 2020 and March 2024, indicating an apparent spike in interest.
Therefore, in response to the growing demand for prop trading among traders and the subsequent need for specialised software solutions among brokers, B2broker proudly introduces B2Prop – a robust and all-inclusive turnkey solution to assist companies in starting from scratch and building their own customised trading firms.
More Information About B2Prop
B2Prop is a comprehensive challenge-based platform for various types of businesses—prop trading firms, crypto and FX brokers, and multi-asset brokerage houses—to expand their portfolio with a new product and reach a broader audience. The development process was based on best practices and with attention to the needs of our clients.
Businesses may develop specific trading challenges using B2Prop, including predefined measures such as profit targets, risk limitations, and performance standards. These challenges can be multi-step and offer support for multiple currencies, allowing clients to trade in different currencies. Significantly, B2Prop does not charge extra fees based on the number of challenges, accounts, or steps involved.
Traders who successfully complete these tasks are granted funded accounts, which come with enticing profit-sharing plans that usually let them keep between 70% and 80 % of their trading gains.
B2Prop integrates seamlessly with industry-leading trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, and plans to add B2Trader, TradeLocker, and more in the near future. It also provides powerful dashboards that enable businesses to track trader metrics from registration through to the stage of the funded account, ensuring that the solution is practical and aligned with the customer’s requirements.
Multiple Revenue Sources for Businesses
B2Prop presents businesses with multiple revenue opportunities:
● Challenge Fees
Companies generate revenue from traders’ fees for participating in proprietary trading challenges. Traders who fail to meet the challenge criteria often make three or more attempts to repurchase and pass the challenge, further boosting the company’s income stream.
● Profit Sharing
Funded accounts are only available to traders who rank well and finish the challenges. The corporation funds these accounts in exchange for a cut of the earnings made by the traders’ operations, which usually ranges from 20% to 50%.
● Customised Trading Conditions
Businesses can tailor trading conditions, such as commissions, to their advantage. Companies can implement higher commissions, reducing the profits on funded trader accounts, resulting in lower payouts for the company while still benefiting from the difference.
● Copying Successful Strategies
Because of their close integration, B2Prop and B2Broker’s powerful copy trading platform, B2Copy, provide enterprises with an extra source of income. Funding limits on trader accounts are adjustable, and the company can copy successful traders’ strategies into its own accounts. This lets the company make extra profits without having to pay those traders.
Complete Turnkey Package: Everything You Need to Launch a Prop Firm
The B2Broker B2Prop Turnkey package delivers an extensive package for companies looking to launch a profitable proprietary trading firm.
The core of the package is B2Core CRM. This is where traders sign up, buy prop trading challenges, track their performance, and handle payments. Plus, it supports growth with integrations for payment services, KYC solutions, introducing broker platforms, and more.
The package also includes the white-label cTrader platform, which is customised specifically for prop trading firms. It combines cTrader’s advanced features and widespread usability with a cost-effective business deployment model. If the company holds the licence, B2Prop can be integrated with MT4 and MT5 servers.
Additionally, B2Prop’s turnkey package includes B2BinPay, B2Broker’s blockchain platform. B2BinPay processes cryptocurrency payments and enables clients to credit their accounts using different coins and stablecoins on 8 blockchain networks. Once their accounts are funded, customers can buy trading challenges. This payment flexibility may draw in a wider variety of traders.
One more critical component of the programme is B2Copy. With B2Broker’s copy trading platform, companies may replicate profitable traders’ techniques straight into their own accounts. This means extra profits without having to pay those traders.
The B2Prop turnkey package offers transparent pricing with three different monthly plans:
Setting Up Challenges in B2Prop via B2Core
B2Broker has integrated B2Prop seamlessly into the B2Core platform. Administrators can access the Prop Trading section under the Investment Platform menu in the admin panel. This dedicated area contains the Challenges List page, where admins can create new prop trading challenges as well as manage existing ones.
When creating a new prop trading challenge, administrators first specify the challenge name and description and upload a picture to showcase the challenge on the front end.
Next, they define the challenge parameters such as plans, steps, initial account settings, key performance metrics (minimum trading days, maximum loss limits, profit targets), fee amount, fee currency, trading account amount, and trading account currency. Admins can also set rules for disqualifying participants who breach the daily loss limit.
After creating challenges, participant progress may be tracked via the admin panel. A list of current and historical accounts and the challenge status (initiated, successful, or failed) are displayed. Administrators can mark accounts and generate funded accounts for those participants after successful completion.
On the front-end, traders can view the list of available challenges, complete with pictures and key metrics. They can easily join a suitable challenge with a single click and pay the entry fee from their wallet if required.
Traders can monitor key performance indicators such as equity, maximum drawdown, number of trades, and more as they advance. The platform also provides daily trading summaries, including P&L and volume information.
Participants receive notification emails upon challenge completion, with details about their prop trading account. Furthermore, traders can view their past challenges, comprehensive results, and trading data for each account.
New Standard in Prop Trading Technology with B2Prop
As a company dedicated to developing leading technology and liquidity solutions for companies in the FinTech industry, B2Broker is proud to expand its lineup of turnkey products with B2Prop. This comprehensive, ready-made solution enables businesses to start a prop trading firm from scratch quickly and effortlessly.
B2Broker invites you to try the B2Prop demo and explore its capabilities. Follow the company for more updates and enhancements!
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