The Prop Trading Important Announcement

The Prop Trading is a proprietary trading firm incorporated on the 20th of February, 2020. Their headquarters are located in Brisbane, Australia. They allow their clients to work with up to $500,000 capital per account before they become eligible to scale it further using a broker named The Brokers Capital.

Their official address is Suite No. 1171, 17 Gould Road Herston 4006 QLD AU.

  • Profit splits 80%
  • Leverage 200:1
  • Free trial

The Prop Trading Announcement

This weekend has been stressful for the traders of The Prop Trading. The firm announced that they are taking down its website.

This weekend, the firm announced that it had received a notification from ASIC (Australian Securities & Investment Commission). The notice requested them to cease all activities immediately.

As a result, the prop firm was forced to take an unexpected course of action to take down its website and all trading platforms.

The firm said its legal team is already looking into this matter to resolve the situation as quickly as possible.

The prop firm is putting all possible efforts into resolving the situation with the local regulatory body for the reactivation of all accounts under evaluation and funded as soon as possible. They will make a new announcement as soon as they have further updates, and we will also update you.

Also, if you want to read about the Prop firms that provide psychology coaches, click on the link, or you can read about the Prop firms that use the Eightcap, click on the link.

Happy Trading, Traders!