Weekly Review: MyForexFunds Brand Assets Sold; IG’s OTC Revenue Retention Slips
By Tareq Sikder
AI summary of the source article
Proprietary trading and retail brokerage saw significant shifts as Traders Global sold MyForexFunds brand assets to Dubai-based Global Solutions, which did not assume liabilities like outstanding trader payouts. Meanwhile, futures prop firm FundedSeat closed after two years due to platform access constraints affecting growth. CMC Markets entered the space by launching CMC Funded, an unregulated simulated evaluation programme offering $100,000 accounts. Additionally, retail trading data from iSAM Securities' Radar network revealed that the top 1% of winning accounts captured 66.5% of client profits over the past year, while 79.5% of clients ended in a loss, with brokers managing 94.6% of trading volume via B-booking.
Why it matters
The developments highlight growing consolidation, platform access constraints, and broker integration in proprietary trading alongside heavy broker reliance on B-book execution models.
Key facts
- MyForexFunds' brand assets were sold to Global Solutions, which did not assume Traders Global's liabilities.
- FundedSeat closed operations after platform access restrictions to major systems limited its growth.
- Data from iSAM Securities showed the top 1% of winning accounts generated 66.5% of all client profits, with 94.6% of volume B-booked.