Economy
Financial Analysts Have Compiled A List Of The Best Prop Firms In Italy In 2023
Prop trading in Italy is an appealing option for traders, mainly because it lets them use significant trading money without risking their own. It’s a chance to make profits in Forex without using personal funds. Top prop trading firms also offer helpful resources like training and advanced tools, which can improve trading skills. Traders Union (TU) experts will help Italian traders find reliable Forex proprietary trading companies in Italy.
The best Forex prop trading firms in Italy
Proprietary trading firms in Italy offer exciting opportunities for traders to grow their investments. TU’s analysts have handpicked some of the best prop firms in Italy:
- TopStep
- Funding program: TopStep’s Trading Combine allows you to showcase your trading skills without risking personal funds.
- Quick qualification: you can qualify for a funded account in as little as eight trading days.
- Range of services: TopStep offers training, tools, and bonuses to help traders succeed.
- Platform variety: it supports multiple trading platforms, giving traders options to choose from.
- Pricing: pricing starts at $165 per month for a $50,000 account.
- SurgeTrader
- Profit split: SurgeTrader offers up to a 75% profit split for funded traders.
- Packages for all: traders can choose from six different packages, tailored to their experience level.
- Diverse assets: SurgeTrader provides access to various tradable securities, including cryptocurrencies and stock indices.
- Audition process: to join, you need to pass an audition, with fees ranging from $250 to $6,500.
- FTMO
- Three-step qualification: FTMO evaluates traders through a three-step process to offer funded accounts.
- Forex focus: FTMO is an excellent choice for Forex traders with access to 44 currency pairs.
- Platform support: it supports popular trading platforms, including MT4, MT5, and cTrader.
- Profit split: traders benefit from an 80/20 profit split, with opportunities for up to 90:10 under the scaling plan.
Italian traders can explore these prop trading firms with different offerings and find the one that aligns with their trading goals and preferences.
Does Forex prop trading make sense in Italy?
Forex proprietary trading means trading with a company’s money, not your own. This can be good and bad for Italian traders. Here’s a look at the main pros and cons, according to experts at Traders Union:
Pros of Forex prop trading:
- Risk-free practice: you can practice without risking your own money with risk-free accounts.
- Bigger trades, more profits: you get access to a lot of money, so you can make big trades and potentially earn more.
- Trusted companies: many prop trading companies in Italy are well-known internationally, so you can trust them.
- Training and help: these firms often offer training and support to improve your skills.
- Share profits: successful traders get a big part of the profits, usually 75-90%.
Cons of Forex prop trading:
- Qualification challenges: it can be hard to join a prop trading program since they have strict requirements for experience.
- Rules and guidelines: you have to follow the company’s rules, which can limit your freedom in trading.
- Less independence: you work under the company’s rules, so you might not have full control over your trading.
Italian traders should carefully think about these pros and cons to see if Forex prop trading suits their goals and risk level.
Legality of prop trading firms
TU’s experts confirm that international prop trading firms can legally operate in Italy, provided they adhere to relevant laws and regulations concerning financial services and investments. While Forex prop companies face less stringent regulation compared to financial brokers, it is advisable for individuals or firms to seek guidance from legal and financial experts well-versed in Italian regulations to ensure compliance with the specific requirements for operating as a prop trading firm in Italy.
Conclusion
Prop trading in Italy offers a unique opportunity for traders to access substantial capital without risking their own funds, with top firms providing valuable resources for skill improvement. Traders Union has identified reputable Forex proprietary trading companies in Italy, including TopStep, SurgeTrader, and FTMO, catering to traders of different experience levels and preferences.
By Aduragbemi Omiyale
Nigeria slightly surpassed its quota set by the Organisation of the Petroleum Exporting Countries (OPEC) in July 2026.
In the month under review, the country produced about 1.57 million barrels of crude oil per day.
It was the third consecutive month Africa’s largest oil-producing nation was meeting its monthly quota, set to stabilise the price of the commodity on the global market by the oil cartel.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday showed that the 1.5 million barrels per day ceiling for Nigeria was surpassed last month.
The agency disclosed in a statement today that the country produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.
In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.
Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by 4 per cent.
This was attributed to the decline in production due to operational challenges experienced at the Erha and Akpo fields, which impacted crude oil output during the period under review.
These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.
Despite the challenges, production operations across most other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimising the impact of operational constraints, NUPRC stated.
By Aduragbemi Omiyale
The over 9 billion shares of Lasaco Assurance Plc issued to shareholders of the company via a rights issue have been listed on the Nigerian Exchange (NGX) Limited.
The equities were brought to Customs Street on Wednesday by the organisation, increasing its total issued and fully paid-up share capital.
Lasaco Assurance, which scaled the recapitalisation hurdle of the National Insurance Commission (NAICOM) in July 2026, raised fresh capital from the capital market to shore up its capital base.
The underwriting firm got about N18.5 billion from the rights issue, which involved the issuance of 9,236,321,546 ordinary shares at a unit price of N2.00.
The exercise was on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
Confirming the listing of the additional stocks of Lasaco Assurance today, the Head of Issuer Regulation Department of NGX RegCo, Mr Godstime Iwenekhai, announced in a circular that, “Trading licence holders are hereby notified that an additional 9,236,321,546 ordinary shares of 50 Kobo each of Lasaco Assurance Plc were today, Wednesday, August 12, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 9,236,321,546 ordinary shares of 50 Kobo each at N2.00 per share on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
“With the listing of the additional 9,236,321,546 ordinary shares, the total issued and fully paid-up share capital of Lasaco Assurance Plc has now increased from 11,083,585,855 to 20,319,907,401 ordinary shares of 50 Kobo each.”
By Adedapo Adesanya
The Nigerian Insurers Association (NIA) has said the successful recapitalisation of the insurance industry will strengthen the sector’s ability to support financial stability and economic growth.
NIA Chairman, Mrs Ebelechukwu Nwachukwu, said a well-capitalised insurance industry would be better positioned to meet its obligations promptly, underwrite complex and large-scale risks and serve as a dependable pillar of the Nigerian economy.
She made the remarks while commending the National Insurance Commission (NAICOM) for its structured implementation of the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
Mrs Nwachukwu said NAICOM’s clear guidelines, systematic verification process, defined timelines and rigorous supervision had provided operators with a credible framework for navigating the recapitalisation exercise.
She described the outcome as a major milestone for the industry and congratulated the 43 insurance and reinsurance companies that have successfully met the prescribed minimum capital requirements.
According to her, the exercise represents “a major win not just for regulators and operators, but for policyholders, investors and the wider Nigerian economy.”
Mrs Nwachukwu said the association would continue to work with NAICOM and other stakeholders to consolidate the gains of the exercise, with emphasis on sustainable industry growth, stronger market conduct and improved consumer confidence.
The official also expressed solidarity with the eight companies still undergoing final verification and regulatory review, urging them to remain confident as NAICOM completes the process within the 14-day review period.
The NIA chairman assured policyholders and the wider business community that the insurance industry would emerge from the recapitalisation exercise stronger, more resilient and better positioned to contribute to Nigeria’s economic development.
