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
The Nigeria Revenue Service (NRS) has unveiled a unified Taxpayer Identification (Tax ID) system for all taxable persons across the country as part of efforts to strengthen tax administration and improve transparency.
The agency announced the development in a public notice issued jointly with the Joint Revenue Board (JRB) on Monday.
According to the notice, the initiative is backed by Sections 6, 7, and 8 of the Nigeria Tax Administration Act, 2025, which mandate every taxable person in Nigeria to obtain a Tax ID, in a wider move to expand the country’s tax base.
The NRS said the new framework is designed to create a centralised and harmonised taxpayer database that would enhance interactions between taxpayers and revenue authorities at both federal and sub-national levels.
“The Tax ID will serve as a single, unified identity for all taxpayers, enabling seamless interaction with tax authorities at both federal and sub-national levels. It is designed to consolidate taxpayer records, eliminate duplication, and ensure more efficient management of tax-related information,” the agency stated.
The revenue agency explained that the new system would simplify tax compliance procedures, including taxpayer registration, filing of returns, and payment processes.
According to the NRS, the framework is also expected to improve accountability and reduce leakages in tax collection by creating better visibility and tracking of taxpayer information nationwide.
“The initiative will simplify tax compliance processes, including registration, tax filing, and payment procedures. The system will improve transparency by enabling better visibility and tracking of taxpayer records while reducing leakages and improving accountability in tax collection. The framework will also harmonise taxpayer information across all levels of government,” the notice added.
The agency further disclosed that the new Tax ID system would replace the existing Tax Identification Number (TIN) Validation API currently used by Ministries, Departments and Agencies (MDAs), financial institutions, and other organisations for taxpayer verification.
By Adedapo Adesanya
Three bellwether stocks weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.31 per cent on Monday, May 18.
This brought the NASD Unlisted Security Index (NSI) by 54.71 points to 4,133.70 points from 4,188.41 points, and shrank the market capitalisation by N32.73 billion to N2.473 trillion from N2.506 trillion.
Yesterday, FrieslandCampina Wamco Plc contracted by N12.45 to sell at N146.55 per share compared with last Friday’s closing price of N159.00 per share, Central Securities and Clearing System (CSCS) Plc declined by N2.34 to N70.00 per unit from N72.34 per unit, and NASD Plc lost 50 Kobo to trade at N34.50 per share versus N35.00 per share.
The trio overpowered the N5.56 gained Newrest Asl Plc. This stock ended the trading session at N61.15 per unit, in contrast to the previous session’s N55.59 per unit.
During the trading day, the volume of securities traded by investors slid by 56.1 per cent to 514,142 units from 1.2 million units, and the value of securities dropped 29.8 per cent to close at N17.4 million versus N29.8 million, while the number of deals jumped 12.5 per cent to 27 deals from 24 deals.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 60.8 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.
GNI Plc also ended the day as the most traded stock by volume on a year-to-date basis with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
By Adedapo Adesanya
It was a horrible day for the Nigerian Naira in the different segments of the foreign exchange (FX) market on Monday, May 15, as its value further weakened against the United States Dollar.
In the black market window, the Naira lost N5 against the Dollar yesterday to sell for N1,390/$1 compared with the previous value of N1,385/$1, but at the GTBank forex counter, it remained unchanged at N1,383/$1.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), the Nigerian currency depreciated against the greenback by N2.66 or 0.19 per cent to sell for N1,373.70/$1 compared to last Friday’s rate of N1,371.04/$1.
Equally, it fell against the Pound Sterling in the same market segment by N9.05 to trade at N1,839.66/£1 versus N1,830.61/£1, and lost N5.42 on the Euro to close at N1,600.49/€1 versus N1,595.07/€1.
The performance of the local currency during the session indicates early worries despite all signals pointing to stability, amid improved Dollar sales by the Central Bank of Nigeria (CBN), with steady, higher oil receipts to bolster the nation’s reserves.
Activity at the market showed that turnover rose 57.3 per cent to $76.29 million on Monday from $48.49 million posted on Friday.
Over the weekend, S&P raised Nigeria’s credit ratings for the first time since 2012 and highlighted improved FX market liquidity and $10 billion turnover recorded in April 2026 as one of the major gains of the CBN-led FX reforms.
The agency said the liberalisation of the exchange rate has bolstered access to foreign currency and enabled a market-driven exchange-rate environment while supporting investor and consumer confidence.
Meanwhile, the cryptocurrency market was bullish on Monday as investors monitored developments in the Iran conflict and weighed the impact of surging oil prices on inflation and US interest-rate expectations.
Ethereum (ETH) gained 0.7 per cent to trade at $2,134.10, Cardano (ADA) rose by 0.6 per cent to $0.2515, Solana (SOL) expanded by 0.3 per cent to $85.11, Binance Coin (BNB) jumped 0.2 per cent to $643.29, TRON (TRX) increased by 0.03 per cent to $0.3565, and Bitcoin (BTC) advanced by 0.02 per cent to $76,912.12.
On the flip side, Dogecoin (DOGE) slid by 1.5 per cent to $0.1044, and Ripple (XRP) decreased by 0.5 per cent to $1.38, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 apiece.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn