Spotware Launches a Fraud Network Where Brokers and Prop Firms Share Alerts
By Damian Chmiel
AI summary of the source article
Spotware Systems has launched cAntifraud, a fraud detection service that pools anonymized data from brokers and prop trading firms to share threat alerts. The platform connects via API to MT5 and other trading platforms.
Why it matters
As stated in the text, "Abuse spread across several companies is hard for any one risk desk to see," and "fewer than 1% of traders can bankrupt a prop firm that fails to identify them."
Key facts
- cAntifraud warns member firms when a trader is flagged, tracking execution timing, account links, and coordinated activity across brokers and prop firms.
- Spotware charges a flat fee of $999 per month, discounted to $250 monthly for firms joining before December 31.
- The service does not automatically block traders or halt payouts, leaving risk decisions to individual firms.
Source excerpt · Finance Magnates
Spotware Systems, the Cyprus-based developer of cTrader, today (Wednesday) launched a fraud detection service that pools anonymized data from brokers and prop trading firms. The product, cAntifraud, warns every member firm when one of them flags a trader as a threat, the company said. Abuse spread across several companies is hard for any one risk desk to see. In March 2025, prop firm PipFarm said…