B2Broker Unveils B2Prop, a Comprehensive Turnkey Solution for Prop Trading Firms

The popularity of proprietary (“prop”) trading is on the rise in today’s global markets. Once considered a niche, the prop trading sector was valued at USD 6.7 billion in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The surge in curiosity is evident, given the search interest for the phrase “prop firm” has skyrocketed by 8,409% between January 2020 and March 2024.

Seeing an opportune moment in the heightened demand for prop trading among traders and the subsequent need for targeted software solutions from brokers, B2Broker is excited to launch B2Prop. This robust, all-inclusive turnkey solution is engineered to assist businesses in creating and expanding their proprietary trading firms from scratch.

More About B2Prop

A progressive challenge-oriented platform, B2Prop is designed to serve a wide variety of businesses — from FX and crypto brokers to multi-asset brokerage houses and prop trading firms — presenting an innovative approach to diversify portfolio and reach out to a larger client base. B2Prop’s development is rooted in industry best practices and attentiveness to customer requirements.

At its core, the platform offers the ability to devise tailored trading challenges that focus on key metrics such as profit goals, risk caps, and performance benchmarks. These challenges can involve multiple stages and support diverse currencies. Importantly, B2Prop’s pricing does not levy extra charges based on the complexity or number of challenges, accounts, or steps.

Those users who excel in these challenges are awarded access to funded accounts and a majority share of their trading profits, typically 70-80%, under attractive profit-sharing models.

B2Prop has also successfully amalgamated with top-tier trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, and there are plans to integrate B2Trader, TradeLocker, and others in its future roadmap. It complements these features with powerful dashboards, enabling businesses to follow trader metrics from the onset of registration, ensuring the solution remains effective and is in compliance with customer requirements.

Multiple Avenues for Business Profitability

B2Prop offers enterprises an assortment of ways to earn revenue:

Testing Fees

Firms can earn from the fees collected from traders entering proprietary trading tests. Traders who don’t clear the test often retry at least three times to buy back and complete it, thereby increasing the firm’s earnings.

Profit Distribution

Only the finest traders who ace the tests are provided access to funded accounts. The firm invests capital in these accounts while securing a portion of the profits created via the traders’ activities, which ranges between 20% to 50%.

Customisable Trading Terms

Firms can mould trading terms, for instance, commissions, to suit their interests. By applying higher commissions, the returns on trader accounts that the firm funds decrease, leading to lesser sums that the firm needs to distribute, yet enjoying the balance.

Mimicking Profitable Tactics

B2Prop is seamlessly linked with B2Broker’s robust copy trading platform, B2Copy, creating another income channel for firms. They can adjust the limits on traders’ funded accounts and choose to mimic the tactics of successful traders in their own accounts. This equips the firm in earning additional profits without reimbursing the traders.

Everything That Needed to Initiate a Prop Trading Firm in One Comprehensive Turnkey Solution

B2Broker’s B2Prop Turnkey package is a comprehensive solution for businesses aiming to create a successful proprietary trading firm.

The package’s backbone is B2Core CRM, which serves as the hub where traders register, purchase prop trading challenges, monitor their performance, and manage payments. In addition, it promotes growth through integrations with payment services, KYC solutions, introducing broker platforms, and more.

Included in the package is the white-label cTrader platform, specifically tailored for prop trading firms. The platform merges cTrader’s advanced features and broad usability with a cost-effective deployment model for businesses. Moreover, B2Prop can be connected with MT4 and MT5 servers if the firm possesses the necessary licence.

The package also encompasses B2BinPay, B2Broker’s blockchain processing solution. B2BinPay handles cryptocurrency payments and allows clients to top up their accounts using a variety of coins and stablecoins across eight blockchain networks. Clients can purchase trading challenges once their accounts are funded, allowing greater flexibility in payments and attracting more traders.

B2Copy, another key component of the package, enables firms to replicate the strategies of successfully funded traders directly into their own accounts, thereby gaining additional profits without compensating those traders.

The B2Prop turnkey package provides transparent pricing within three distinct monthly plans:

Managing Trading Challenges on B2Prop through B2Core

B2Broker has smoothly integrated B2Prop into its B2Core platform. The Prop Trading feature is accessible to administrators via the Investment Platform menu on the admin panel. The Challenges List page is designed for the management of existing prop trading challenges and creation of new ones.

To initiate a new prop trading challenge, administrators provide the name and description of the challenge, then an image is added to represent the challenge on the front-end.

After that, admins detail the challenge elements, including the initial account settings, plans, steps, key performance metrics (minimum trading days, maximum loss limits, profit targets), tool amount and currency, trading account total and currency. Administrators also establish guidelines for disqualifying participants for crossing the daily loss limit.

Once the challenges are set, the admin panel can be used to track participant progress. It presents a list of active and past accounts with their current challenge status (started, successful, or failed). Successful participants can be acknowledged, and funded accounts can be created for them.

On the front-end, traders are shown a list of ongoing challenges, complete with images and key metrics. Joining a challenge that suits their trading style is made easy with a single click, and if necessary, the entry fee can be paid from their own wallet.

As participants advance, they have access to crucial metrics such as equity, maximum drawdown, number of trades, among others. Daily trading summaries that include P&L and volume details are made available by the platform.

Traders are notified via email upon completion of a challenge, providing information about their prop trading account. Remarkably, traders can review their past challenges and find comprehensive results and trading information for each account.

Establishing the Benchmark for Proprietary Trading Technology

In the rapidly evolving FinTech landscape, B2Broker has cemented its position with cutting-edge technology and liquid solutions. B2Prop, the newest addition to its portfolio, aims to simplify the beginning of proprietary trading activities for brokers and exchanges.

B2Broker encourages clients to test the B2Prop demo and dive deep into its potential. The company is also progressing steadfastly on its path to augment its services, with several enhancements presently in the making.