Economy
Remote Prop Trading Firms vs Traditional Prop Firms – Which is Better?
Remote prop firms and traditional prop firms indeed represent two distinct approaches to Forex trading. Traditional prop firms typically operate from physical office spaces where traders work in a shared environment, collaborating and interacting with fellow traders and firm employees. On the other hand, remote prop trading firms allow traders to work from anywhere, leveraging technology and internet connectivity to execute trades and manage their trading activities. In their article, the Traders Union experts answered the question “Remote prop trading firms vs traditional prop firms – which is better?”.
What is a remote prop trading firm?
A remote prop trading firm is a financial institution that allows traders to engage in proprietary trading activities from anywhere using technology and internet connectivity. Unlike traditional prop trading firms that require traders to work from a physical office location, remote prop trading firms embrace a flexible and location-independent approach.
In a remote prop trading firm, traders have the freedom to work from their preferred location, whether it be their home, a co-working space, or any other place with internet access. They use trading platforms provided by the firm to analyze the markets, execute trades, and manage their trading positions.
Advantages and disadvantages of remote prop trading firms
The Traders Union analysts listed some of the pros and cons of remote prop trading firms, so that you can make an informed decision.
Pros:
- Flexibility. One of the major benefits of remote prop trading firms is the flexibility they offer. Traders have the freedom to work from anywhere, allowing for a personalized work environment and the ability to create their own schedules. This flexibility can be appealing for individuals who prefer a flexible lifestyle or have other commitments.
- Independence. Remote prop trading firms eliminate the need for traders to commute to a physical office. Traders can work from any location with internet access, enabling them to avoid long commutes and potentially live in areas with lower living costs or desired lifestyle factors.
- Autonomy. Traders in remote prop firms have a greater degree of independence. They have control over their trading activities, decision-making, and risk management. This autonomy can be empowering for traders who prefer to work on their own terms.
Cons:
- Lack of in-person interaction. Remote prop trading firms may lack the in-person interaction and collaboration that traditional prop firms offer. Traders may miss out on the immediate feedback, learning opportunities, and sense of community that come with working in a physical office environment.
- Limited networking opportunities. Remote traders may have limited opportunities for networking and building relationships within the trading community. Physical prop firms often provide a platform for traders to connect, share ideas, and learn from each other, which may be less prevalent in a remote setting.
- Potential isolation. Working remotely can be isolating for some traders, as they may miss the social interactions and camaraderie found in a traditional office environment. The lack of daily interactions with colleagues may impact motivation and engagement for certain individuals.
Best remote prop trading firms
According to the experts at TU, the following are the best remote prop trading firms:
- Fidelcrest
Fidelcrest, headquartered in Nicosia, Cyprus, is a prominent Forex prop trading firm that focuses on serving skilled Forex traders. They specialize in providing real-funded trading accounts that are tailored to meet specific requirements.
One of the key features of Fidelcrest is their profit-sharing arrangement, which can reach up to 90%. This means that traders can retain a significant portion of the profits they generate, providing a lucrative opportunity for successful trading.
- SurgeTrader
Headquartered in Nicosia, Cyprus, Fidelcrest is a reputable Forex prop trading firm that focuses on serving skilled Forex traders. Their specialization lies in providing real-funded trading accounts tailored to meet specific requirements.
A standout feature of Fidelcrest is their profit-sharing program, which allows traders to retain a significant portion of their generated profits. With profit-sharing options that can go as high as 90%, Fidelcrest offers a potentially lucrative opportunity for successful traders.
Summary
To sum up, remote prop trading firms have emerged as a flexible and innovative approach to financial trading. These firms enable traders to engage in proprietary trading activities from anywhere using technology and internet connectivity. on the Traders Union website you can read more about the best remote prop trading firms. Moreover, the analysts at TU compared traditional and remote prop firms and highlighted the pros and cons of both types.
By Adedapo Adesanya
Food Concepts Plc, the parent company of fast food brands like Chicken Republic and PieXpress, has disclosed plans to pay 10 Kobo in interim dividend to new and existing shareholders for the 2026 financial year.
This was disclosed by the company in a notice to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its securities.
The notice indicated that the proposed interim dividend, which comes with no bonus, will be paid to those who hold the stocks of the company as of the qualification date for the dividend, which was Tuesday, March 24.
This means only those who hold the company’s shares as of the closing session will be eligible to receive the stipulated dividend payment.
The shareholders of the company will be credited with the 10 Kobo dividend on Tuesday, March 31.
The notice noted that the closure of the company’s register will be on Wednesday, March 25, through Friday, March 27, 2026, both days inclusive.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange dropped for the third consecutive session on Wednesday, March 18, by 0.39 per cent due to continued sell-offs.
In what would be the final trading session of the week due to public holidays on Thursday and Friday for Eid-el-Fitr, the NASD Unlisted Security Index (NSI) further dipped by 16.14 points to 4,114.75 points from 4,130.89 points, and the market capitalisation lost N9.66 billion to close at N2.461 trillion versus the previous day’s N2.471 trillion.
FrieslandCampina Wamco Nigeria Plc depreciated by N10.32 to sell at N112.00 per share versus N122.32 per share, NASD Plc dropped N4.50 to finish at N41.50 per unit compared with the previous session’s N46.00 per unit, and Geo-Fluids decreased by 9 Kobo to N3.02 per share from N3.11 per share.
On the flip side, Air Liquide Plc improved by N2.23 to N24.57 per unit from N22.34 per unit, Central Securities Clearing System (CSCS) Plc advanced by 90 Kobo to N76.33 per share from N75.43 per share, Food Concepts Plc rose by 24 Kobo to N3.30 per unit from N3.06 per unit, UBN Property Plc surged by 20 Kobo to N2.18 per share from N1.98 per share, Impresit Bakalori Plc jumped 16 Kobo to N1.83 per unit from N1.67 per unit, and First Trust Mortgage Bank Plc added 14 Kobo to trade at N1.89 per share versus N1.75 per share.
During the trading day, the volume of securities went up by 43,404.4 per cent to 400.8 million units from 921,265 units, the value of securities grew by 2,108.7 per cent to N1.2 billion from N54.7 million, and the number of deals soared by 23.7 per cent to 47 deals from 38 deals.
CSCS Plc ended the day as the most traded stock by value (year-to-date) with 38.7 million units valued at N2.4 billion, followed by Infrastructure Guarantee Credit Plc with 400 million units exchanged for N1.2 billion, and Okitipupa Plc with 6.4 million units traded for N1.2 billion.
Resourcery Plc finished the session as the most traded stock by volume (year-to-date) with 1.1 billion units worth N415.7 million, trailed by Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion, and Geo-Fluids Plc with 131.1 million units valued at N505.6 million.
By Dipo Olowookere
The Nigerian Exchange (NGX) experienced a pullback of 0.69 per cent as a result of profit-taking by investors, with shares in the banking and energy sectors mostly affected.
Data harvested by Business Post showed that the energy index was down by 4.58 per cent during the session, and the banking space lost 2.14 per cent.
They brought down the All-Share Index (ASI) by 1,402.56 points to 201,156.85 points from 202,559.41 points and shrank the market capitalisation by N900 billion to N129.126 trillion from N130.026 trillion.
Customs Street ended in red at midweek despite three of the five key sectors finishing in green. The consumer goods counter expanded by 1.19 per cent, the industrial goods index improved by 0.46 per cent, and the insurance sector grew by 0.43 per cent.
Red Star Express declined by 9.98 per cent to N25.70, Aradel Holdings went down by 9.68 per cent to N1,210.30, Presco lost 9.30 per cent to trade at N1,701.10, Living Trust Mortgage Bank crashed by 8.40 per cent to N4.80, and DAAR Communications dropped 7.50 per cent to end at N1.85.
On the flip side, Secure Electronic Technology gained 10.00 per cent to settle at N1.32, Guinness Nigeria rose by 9.92 per cent to N423.20, John Holt increased by 9.72 per cent to N11.85, Sovereign Trust Insurance surged by 9.57 per cent to N2.06, and Linkage Assurance chalked up 9.33 per cent to trade at N1.64.
Investor sentiment was weak yesterday after the bourse registered 33 price gainers and 38 price losers, indicating a negative market breadth index.
Market participants bought and sold 6.1 billion stocks valued at N130.1 billion in 58,562 deals compared with the 1.8 billion stocks worth N88.1 billion traded in 62,654 deals on Tuesday, representing a shortfall in the number of deals by 6.53 per cent, and a spike in the trading volume and value by 238.89 per cent and 47.67 per cent apiece.
The most active equity on Wednesday was eTranzact with 5.2 billion units sold for N24.3 billion, Wema Bank exchanged 111.4 million units worth N3.1 billion, Coronation Insurance transacted 96.4 million units valued at N303.9 million, Dangote Cement traded 75.2 million units for N56.5 billion, and Access Holdings exchanged 61.5 million units valued at N1.6 billion.
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