YourPropFirm, a growing provider of proprietary trading solutions, has announced a strategic partnership with financial software developer Devexperts to integrate the DXtrade platform into its multi-platform trading offering. This collaboration enables prop firms to diversify their trading platforms and offer traders greater flexibility and functionality.
Expanding Trading Options for Prop Firms
The partnership signals a shift in the proprietary trading industry, where platform exclusivity has traditionally dominated. YourPropFirm’s new multi-platform approach now includes DXtrade alongside MT5, providing firms with alternative tools to navigate platform-specific challenges and enhance their operations.
“Adding DXtrade to our platform lineup means prop firms have real choices and flexibility,” said Markus Sichler, Co-Founder and Strategic Advisor at YourPropFirm. “Our clients can rely on us to provide alternative platforms whenever they need, so they can focus on growing their business.”
Advanced Features and Rapid Setup
The integration of DXtrade offers prop firms a host of advanced features, including:
- Built-in trading simulators for practice and skill development.
- Comprehensive risk management tools for enhanced operational oversight.
- Customizable position limits to maintain control over trading strategies.
One of the standout benefits of YourPropFirm’s solution is the ability to set up a fully operational prop trading firm within just 10 days while maintaining full profit retention for clients.
Devexperts Strengthens its Position in Prop Trading
Devexperts has been steadily expanding its presence in the proprietary trading sector. Over the past year, more than 40 prop firms have adopted its DXtrade XT platform. This integration with YourPropFirm aims to further solidify DXtrade as a key player in the market, offering prop trading firms specialized functionalities tailored to their unique needs.
Jon Light, Head of OTC at Devexperts, commented, “Our partnership with YourPropFirm means that more brokerages providing prop trading services will now have the option to offer these via our DXtrade platform. We are committed to growing our network and providing solutions that meet the evolving demands of prop trading firms and their traders.”
Continuous Innovation in Trading Technology
The partnership follows a series of recent upgrades to the DXtrade platform, emphasizing risk management and adaptability. In collaboration with Tapaas, a risk management firm, Devexperts recently added real-time analytics and alerts to DXtrade, allowing brokers and prop firms to monitor and mitigate potential operational threats effectively.
Additionally, updates to DXtrade XT include tools for hosting trading challenges and contests, as well as support for single futures contracts from the Chicago Mercantile Exchange (XCME), backed by real-time market data from DXfeed. These enhancements reflect a commitment to equipping prop trading firms with versatile tools that cater to their dynamic requirements.
A New Era for Prop Trading
With the integration of DXtrade, YourPropFirm is reshaping the landscape of proprietary trading by offering diverse platform options and cutting-edge tools. This partnership not only supports the rapid setup of prop firms but also ensures they remain competitive in an increasingly sophisticated trading environment.
