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 Modupe Gbadeyanka
To unlock about $50 billion in deep offshore investment, President Bola Tinubu has signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, stressing that the aim is “to make Nigeria Africa’s regional hub for deep offshore project execution.”
In a statement personally signed by him on Wednesday, the Nigerian leader disclosed that he approved the executive order to create a clear and predictable framework for the sector.
According to him, the approval has already attracted approximately $10 billion for the Bonga South West project.
He stated that for projects accessing the supplementary incentives, the Order requires activities to be performed in Nigeria, subject to clearly defined exceptions and Nigerian content requirements.
The President noted that this part was included because “I want the work to come home to Nigeria. I want our engineers involved, our fabrication yards working, Nigerian marine and technical service companies securing contracts, and our young people acquiring world-class skills.”
“For me, the real measure of $50 billion will be what Nigerians see from it: good jobs, stronger Nigerian businesses, greater production, more revenue for the Federation and capabilities built here at home. Our natural resources must work harder for our people,” he added.
Mr Tinubu stated that this order is the tenth major policy directive of his administration targeted specifically at the oil and gas sector.
“We have been deliberate about removing the constraints holding back investment, production and value creation.
“For too long, some of our biggest offshore opportunities have remained stalled. We cannot afford to leave that opportunity beneath our waters for another decade. Capital moves, countries compete for it, and investors committing billions of dollars over many years need certainty,” he disclosed.
According to him, “We are providing that certainty, with a clear window for existing deep offshore leases to reach Final Investment Decision by 31 December 2029 and qualify for the full standard incentive.”
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the red territory for a second consecutive session on Tuesday, August 11, declining by 1.81 per cent.
This pulled back the market capitalisation by N8.94 billion to N2.748 trillion from N2.798 trillion, and the NASD Security Index (NSI) dropped 84.44 points to 4,578.74 points from 4,663.18 points.
The market breadth index was at equilibrium yesterday, as there were four price gainers and four price losers.
On the red side, Central Securities Clearing System (CSCS) Plc depreciated by N12.86 to N116.88 per share from N129.74 per share, Afriland Properties Plc declined by N1.95 per cent to N22.00 per unit from N23.95 per unit, Food Concepts Plc weakened by 25 Kobo to N2.50 per share from N2.75 per share, and Geo-Fluids Plc lost 22 Kobo to sell at N2.05 per unit versus Monday’s N2.27 per unit.
On the green side, FrieslandCampina Wamco Nigeria Plc gained N11.50 to finish at N156.50 per share compared with the previous day’s N145.00 per share, Nitrox Industrial Gases Plc expanded by N2.11 to N23.36 per unit from N21.15 per unit, NASD Plc advanced by N1.90 to N36.00 per share from N34.10 per share, and Nipco Plc surged by 50 Kobo to N457.00 per unit from N456.50 per unit.
During the session, the volume of securities rose by 31.2 per cent to 1.5 million units from 1.1 million units, the value of securities improved by 315.9 per cent to N42.3 million from N10.2 million, and the number of deals skyrocketed by 45.7 per cent to 51 deals from Monday’s 35 deals.
Great Nigeria Insurance (GNI) Plc ended as the most active stock by value (year-to-date), with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 77.0 million units transacted for N5.5 billion.
GNI Plc also closed as the most active stock by volume (year-to-date), with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited tumbled by 0.73 per cent on Tuesday on the back of profit-taking by investors.
The consumer goods counter shed 0.96 per cent, and the banking space crashed by 0.46 per cent due to selling pressure. But the insurance index gained 0.24 per cent, and the energy segment improved by 0.03 per cent, while the industrial goods sector closed flat.
When the bourse closed for the session, the All-Share Index (ASI) gave up 1,806.18 points to 246,723.57 points from 248,529.75 points, and the market capitalisation depreciated by N1.166 trillion to N159.256 trillion from N160.422 trillion.
Thomas Wyatt lost 9.97 per cent to quote at N2.89, AVA Capital declined by 9.60 per cent to N8.95, International Energy Insurance dipped by 6.32 per cent to N4.00, International Breweries dropped 5.98 per cent to close at N11.00, and Guinea Insurance shed 5.13 per cent to 74 Kobo.
On the flip side, UPDC REIT gained 10.00 per cent to end at N14.85, FTN Cocoa appreciated by 9.88 per cent to N8.90, C&I Leasing surged by 8.26 per cent to N5.90, Sovereign Trust Insurance went up by 6.74 per cent to N1.90, and Regency Alliance climbed 6.33 per cent to 84 Kobo.
Yesterday, Fortis Global Insurance was the busiest equity, leading the activity chart with a turnover of 3.3 billion units worth N9.6 billion. Trans-Nationwide Express transacted 84.6 million units for N181.9 million, Access Holdings sold 66.1 million units valued at N1.9 billion, Consolidated Hallmark exchanged 54.3 million units worth N379.4 million, and Fidelity Bank traded 46.9 million units for N1.0 billion.
Investors bought and sold 3.9 billion units worth N32.4 billion in 45,608 deals compared with the 1.1 billion units valued at N27.0 billion traded in 59,185 deals a day earlier. This indicated that the number of deals retreated by 22.94 per cent, the trading volume increased by 254.55 per cent, and the trading value soared by 20.00 per cent.
