A Prop Trading Firm Turnkey Solution by B2Broker – What are the Benefits of B2Prop?
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Proprietary trading, or "prop trading," is a growing trend in financial markets. It is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The global prop trading industry, valued at USD 6.7 billion in 2020, is gaining interest, with search demand for the term "prop firm" increasing by 8,409% between January 2020 and March 2024.
B2Broker responds to this growing demand with the release of B2Prop, a comprehensive turnkey solution aiming to help businesses establish and grow their proprietary trading firms from the ground up.
More About B2Prop
B2Prop aids various businesses, including trading firms and brokerage houses, in broadening their reach and attracting more customers by adding a new product to their offerings. The development process was based on best practices and with attention to clients' needs.
B2Prop lets businesses create customised trading challenges that set specific metrics like risk limits, profit targets, and performance benchmarks. 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 can overcome these challenges get the chance to have funded accounts with good profit-sharing rules. Usually, they get to keep 70-80% of the money they make from trading.
B2Prop integrates seamlessly with industry-leading trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, with plans to add B2Trader, TradeLocker, and more shortly. Furthermore, it offers robust dashboards that enable businesses to monitor trader information throughout the entire process, from registration to account funding. This ensures that the solution functions effectively and satisfies the requirements of all clients.
Multiple Income Streams for Businesses
B2Prop presents businesses with multiple revenue opportunities:
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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.
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Challenge Fees
Companies charge traders fees for participating in trading challenges to make money. Frequently, traders who fail to meet the criteria repeatedly attempt to purchase and complete the challenge, ultimately leading to higher earnings for the company.
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Copying Successful Strategies
B2Prop is tightly integrated with B2Broker's powerful copy trading platform, B2Copy, which opens up an additional revenue stream for businesses. Funding limits on trader accounts are adjustable, and the company can copy successful traders' strategies into its accounts. This lets the company make extra profits without having to pay those traders.
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Profit Sharing
Access to trading accounts with funds is limited to top-performing traders who excel in the challenges. Traders receive funding from the company and share a percentage of their earnings, typically ranging from 20% to 50%.
A Complete Turnkey Package to Start a Prop Firm
The B2Prop Turnkey package from B2Broker is a complete solution for businesses to establish a successful proprietary trading firm.
B2Core CRM is the core of the package. 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. Also, B2Prop can be integrated with MT4 and MT5 servers if the company holds the licence.
Additionally, B2Prop's turnkey package includes B2BinPay, B2Broker's blockchain platform, which processes cryptocurrency payments and allows clients to credit their accounts using various coins and stablecoins on eight networks. This flexibility attracts a wider range of traders.
B2Copy, a copy trading platform from B2Broker, enables firms to mirror successfully funded traders' strategies directly into their own accounts, resulting in extra profits without paying 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, first, administrators specify the challenge name, description, and upload a picture to showcase the challenge.
Next, they determine the specific requirements for the challenge, which include the initial investment, the maximum allowable losses, and the desired profits. They also determine the number of days available for trading and the associated fees. Administrators can enforce regulations disqualifying individuals who exceed the daily loss limit.
Once challenges are created, the admin panel allows monitoring of participant progress. It shows a list of active and past accounts with their current challenge status (started, successful, or failed). Upon successful completion, administrators can mark accounts and create funded accounts for those participants.
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.
As traders progress, they can keep tabs on crucial statistics like their available funds, maximum downturn, their trading frequency, and more. The platform provides daily trading reports detailing profit and loss as well as the trading volume.
Participants receive notification emails upon challenge completion, with details about their prop trading account. Furthermore, traders can view their past challenges along with comprehensive results and trading data for each account.
Raising the Bar in Prop Trading Technology with B2Prop
B2Broker, a FinTech company, has expanded its turnkey product line with B2Prop, a comprehensive solution for businesses to start a prop trading firm from scratch.
The company invites users to try the demo and expects B2Prop’s innovative features for free.
