Financial Analysts Have Compiled A List Of The Best Prop Firms In Italy In 2023

Image

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:

  1. 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.
  1. 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.
  1. 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.

Share
Related Stories
Image
29-September-2023

Erisco Product Reviewer Fights Back, Threatens 500m Suit

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

Image
29-September-2023

How to Find The Best Marine Insurance Provider For You

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

Image
29-September-2023

Oyedele Clarifies Transfer of Funds for Tax Reform Committee

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

Image
29-September-2023

Demand And Supply Zone Trading: A Comprehensive Overview From Experts

Traders Union (TU) experts know that supply and demand rules control all markets. When traders trade, they usually use technical signals to find out if there is more supply or demand. In this guide, the analysts will delve into the world of supply and demand zones and explore their significance in trading. But before you dive in, it’s crucial to grasp the fundamentals. What you should know about supply and demand zones The guidance from TU’s analysts provides insight into the crucial aspects of demand and supply zone trading. It is important to understand these zones: Supply Zone – this

More Stories
Image
03-May-2017

High Street Raises over $350m for Core-Plus Industrial Fund

By Modupe Gbadeyanka On May 1, 2017, High Street Real Estate Fund V, L.P. held its final close, reaching its hard cap with total equity commitments of $353 million. Utilizing targeted leverage of 50 percent, the Fund will seek to acquire approximately $700 million of assets in its target markets. High Street Realty Company, formed the Fund to continue its successful strategy of acquiring smaller warehouse distribution assets in the eastern two-thirds of the United States, with a specific focus on Class A and B infill properties fulfilling regional and “last mile” logistics requirements for its tenants. The Fund targets

Image
07-December-2018

OGFZA Considers Cheap Electricity at Onne Free Zone

By Dipo Olowookere In order to make cheap electricity is enjoyed at the Onne Oil and Gas Free Zone, the Oil and Gas Free Zones Authority (OGFZA) has given a license to a power consortium called PHEDC/ESOP to make this possible. The mandate of the power consortium is to provide gas-fired dedicated power to the free zone at a cost per kilowatt of power that is lower than the going rate of diesel-generated power in the zone. Announcing the key step on the embedded power project to a stakeholders forum during the week, managing director of OGFZA, Mr Umana Okon

Image
20-October-2022

Audu-Ohwavborua Becomes Acting MD of NDDC After Akwa Sacking

By Modupe Gbadeyanka Mr Emmanuel Audu-Ohwavborua has been appointed as the Acting Managing Director of the Niger Delta Development Commission (NDDC). He was appointed to the position on Thursday after the sacking of Mr Effiong Akwa as the interim administrator of the board of the agency by President Muhammadu Buhari this morning. “Sequel to President Muhammad Buhari’s approval of the disengagement of the interim administrator of the Niger Delta Development Commission from his position, the President has further approved that the most senior director in the commission should take over the running of the affairs of the commission in line

Image
07-September-2021

Implications of Poor Time Management

By Kenneth Horsfall Poor time management is something that is always seen with creatives and many small businesses especially here in Nigeria where everything is demanding for the time from traffic jams to business meetings and a whole lot more. What is poor time management? Poor Time management is the inability of planning and exercising conscious control of the time spent on specific activities to work smarter than harder. As creatives and small business owners if you don’t manage your time property it will result in poor time management and the implications of poor time management are enormous and include. Procrastination

Image
11-January-2022

Demand Fears, Return of Supply in Libya, Kazakhstan Pull Down Oil Prices

By Adedapo Adesanya Oil prices fell on Monday as concerns about demand were stoked by the rapid global rise in Omicron coronavirus infections and rise in crude supply from Libya and Kazakhstan. Brent crude lost 83 cents or 1.02 per cent to trade at $80.92 per barrel while the United States West Texas Intermediate (WTI) crude fell by 49 cents or 0.62 per cent to sell at $78.41 per barrel. Demand worries sparked afresh as a new round of fears in the face of the nearly 2 million new coronavirus cases discovered in the last 24 hours, defying high vaccination

Image
25-November-2019

Forte Oil Seeks Approval to Change Name to Ardova

By Modupe Gbadeyanka The board of Forte Oil Plc has called for a special meeting to be held in Lagos next month to approve the renaming of the company to Ardova Plc. Recall that in June 2019, former majority shareholder of the energy firm, Mr Femi Otedola, sold his 75 percent equity stake in the company to the new owners so as to invest proceeds from the deal in a power company known as Geregu Power Plc. The transaction was reported to have worth N65 billion. According to a statement earlier released by Forte Oil, Mr Otedola divested his entire

Image
28-October-2017

FAAC Shares N637.7b to FG, States, LGs

By Dipo Olowookere A total of N637.70 billion was disbursed to the Federal, States and Local Governments in the month of September 2017 from the amount generated in the month of August 2017, data from the National Bureau of Statistics (NBS) has revealed. The money was shared to the three tiers of government by the Federation Account Allocation Committee (FAAC). According to the stat office, the amount disbursed comprised of N550.99 billion from the Statutory Account and N86.71 billion from Valued Added Tax (VAT). No allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC) and

Image
27-October-2022

Nigeria’s One-Year Treasury Bill Clears at 14.5% at PMA Amid Low Demand

By Dipo Olowookere Treasury bills investors got the investment tool at a rate higher than they bought two weeks ago as the Central Bank of Nigeria (CBN) further increased the stop rates across the tenors to retain its demand. However, it was observed that despite this action, the exercise was marred by a low appetite for the asset class, and traders weighed the macroeconomic risks, especially in the foreign exchange (FX) market, as it erodes the gains in Naira investments. At the primary market auction (PMA) held on Wednesday, the apex bank came with high hopes by offering a total

Ad
Ad
Recent Stories
Image
30-September-2023

Mediacraft Associates Employees Get 25% Pay Rise

By Modupe Gbadeyanka The salaries of employees of Mediacraft Associates Limited, a leading Nigerian full-service Public Relations and Integrated Brand Communications Consultancy firm, have been increased by 15 and 25 per cent. This was confirmed by a statement from the organisation as it celebrates its 20th anniversary this year. It was disclosed that the gesture was to reward the efforts of the workers toward the growth of the company and to cushion the current hardships in the country due to the removal of petroleum subsidy. According to the chief executive of Mediacraft Associates, Mr John Ehiguese, the salary increase had

Image
30-September-2023

Are Audio Streaming Platforms in Your Marketing Mix? They Should be

By Mark Redguard Walk down the streets of any major city around the world and take a look at all the people you pass along the way. Chances are you’ll see more people wearing earphones and headphones, in all of their shapes and sizes, than not. Most of those people, whether they’re consuming music or podcasts, will be listening through an audio streaming platform. In fact, Spotify’s 500 million-plus users spent more than 132 billion hours streaming audio on the platform in 2022.  And that’s just Spotify. Factor in other platforms, including the likes of Mdundo and Audiomack, and the

Image
30-September-2023

Unlisted Stock Investors Grow Market to N1.105trn

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

Image
30-September-2023

Naira Appreciates on Dollar Across FX Market Segments

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

Image
30-September-2023

Brent, WTI Shrink on Macroeconomic Worries, Profit Taking

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent

Image
30-September-2023

NGX Sheds N37bn as Investors Sell Stocks in Panic to Buy FX

By Dipo Olowookere Profit-taking persisted on the floor of the Nigerian Exchange (NGX) Limited, as investors refused to tone down their profit-taking activities. It was observed that the market is gradually entering panic mode due to macroeconomic instability in the country, especially with the exchange rate of the Naira to the Dollar going above N1,000 in the parallel market. A stockbroker with one of the leading brokerage firms in the country, who asked not to be named, said the local bourse was witnessing panic selling due to investors liquidating their shares for Dollars. “This trend will continue for a while

Image
29-September-2023

FG, States, Local Councils Get N1.1tn As September Allocation

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

Image
29-September-2023

Erisco Product Reviewer Fights Back, Threatens 500m Suit

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

Image
29-September-2023

Scoring Success: How Data Analytics Revolutionizes Football Predictions Strategies

Data analytics is transforming football predictions as tools and techniques are consistently being designed to enhance accuracy and precision in football betting. In this article, we uncover the huge impact of data analytics in football betting. The Power of Data in Football Predictions In football betting, data analytics is used to collect, analyse, and interpret data to make informed predictions. This includes several metrics, such as player stats, team performance, head-to-head results, and external factors like injuries, fatigue, and weather conditions. Data analytics in football predictions is useful in the following ways:  Transforming Raw Data to Useful Piece of Information

Image
29-September-2023

Alleged Assault: Manchester United Recall Anthony to Squad

By Dipo Olowookere Brazilian winger, Anthony, is now eligible to make the Manchester United squad again, a statement from the football club has disclosed. A few weeks ago, the footballer was suspended by the English sports outfit over allegations of assault in his home country. His former girlfriend, Rosilene Silva, accused the footballer of assaulting her, prompting the police in Brazil to launch an investigation into the claims. The police in the United Kingdom also took an interest in the matter, forcing the Old Trafford team to ask Anthony to stay away from the team. In an update on Friday,