CoinDesk Reports:
With ThinkMarkets becoming the latest company to launch prop trading services under the ThinkCapital brand, retail brokers continue to flock into the prop trading space. While no official announcements have been made by the brokers yet, the website for this prop trading brand is already live.
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More brokers are joining prop trading
Based in Australia, ThinkMarkets has become one of the many forex and contracts for difference (CFD) brokers offering prop trading and technology-backed trading services. This trend started with Axi, OANDA, and Hantec Markets, followed by IC Markets, Traders Trust, and Trade.com.
As indicated on its website, IC Markets offers prop trading services under the registered entity TC Systems FZE in the UAE. Its services went live at the end of last month.
Furthermore, similar to other prop trading services, ThinkCapital “only provides simulated trading and educational tools for traders.” Interestingly, only Axi offers real-time market trading to its sponsored traders. Meanwhile, OANDA treats it as a signal generator and autonomously executes trades in real-time markets based on its risk management strategy.
