The Prop Trading Faces Regulatory Hurdles: A Critical Update - Prop Trading Firm

The Prop Trading, a proprietary trading firm established on February 20, 2020, with its headquarters in Brisbane, Australia, recently faced a significant challenge. This well-regarded firm, known for providing its clients with the opportunity to manage up to $500,000 in capital per account before eligibility for further scaling, has encountered a regulatory hurdle. The firm, which operates under the broker name The Brokers Capital, is located at Suite No. 1171, 17 Gould Road, Herston 4006 QLD, AU.

Key Offerings and Firm Highlights

The Prop Trading has been notable for its generous profit splits of 80% and leverage options of 200:1. It also attracted many traders by offering a free trial, showcasing its confidence in the services provided and the trading environment it has cultivated.

Urgent Announcement: Website and Trading Platform Suspension

Over the recent weekend, traders associated with The Prop Trading experienced unexpected stress. The firm announced a temporary shutdown of its website and all trading platforms. This drastic measure came in response to a notification from the Australian Securities & Investment Commission (ASIC), demanding an immediate cessation of all activities. The sudden announcement has left many in the trading community looking for answers. The Prop Trading’s legal team is actively investigating the issue, striving to resolve the matter swiftly. The firm is committed to working closely with ASIC to facilitate the reactivation of both evaluation and funded accounts as quickly as possible. They promise to issue a new announcement with further updates, and we will ensure to keep you informed on any developments.

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