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
About 143 companies that successfully passed the technical and prequalification stages of the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) 2025 Licensing Round will, today, compete for 50 oil and gas blocks at the commercial bid conference in Abuja, the final stage in the allocation process for the assets.
The commission said only the prequalified companies have been invited to attend the event, which will hold at the Conference Centre of the Transcorp Hilton Hotel, Abuja, stressing that participation is strictly by invitation.
The commercial bid conference will determine the successful bidders for oil and gas assets located across Nigeria’s producing and frontier basins.
The 50 blocks comprise 16 onshore blocks and 18 shallow water blocks in the Niger Delta, one deep offshore block, three onshore blocks in the Benin Basin, four in the Anambra Basin, four in the Chad Basin, and four in the Benue Trough.
According to the commission, the winning bids will be determined through a transparent evaluation process based on clearly defined commercial parameters. These include the signature bonus offered by bidders, the proposed work programme commitment and the level of performance security provided. The final selection will be based on a weighted technical and commercial score.
The licensing round is being conducted under the provisions of the Petroleum Industry Act (PIA) 2021, which requires a transparent and competitive process for the award of petroleum assets.
NUPRC had announced the commencement of the 2025 Licensing Round on November 11, 2025, before opening the online bid portal on December 1, 2025, to enable interested companies to register and participate in the exercise.
To ensure prospective investors fully understood the requirements, the commission organised a pre-bid conference on January 14, 2026, at Eko Hotels and Suites, Lagos. The event provided detailed explanations on the licensing guidelines and bidding procedures to registered participants and other stakeholders.
Registration and submission of prequalification documents closed on February 27, 2026, while the prequalification evaluation was completed on March 16, 2026.
NUPRC disclosed that 286 companies initially submitted applications for prequalification.
Following the evaluation process, 196 companies were cleared to participate in the technical and commercial bid stages.
The prequalified 143 companies eventually submitted a total of 200 bids for the available oil and gas blocks. These companies are now set to compete at the commercial bid conference, where the financial offers will be opened and evaluated to determine the eventual winners.
The licensing round is expected to attract fresh investment into Nigeria’s upstream petroleum sector, boost exploration activities across both producing and frontier basins, increase crude oil and gas reserves, and support the country’s drive to grow production and government revenue.
It also underscores the regulator’s commitment to implementing a transparent, competitive and investor-friendly licensing regime under the Petroleum Industry Act.
By Adedapo Adesanya
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key monetary policy parameters following the conclusion of its two-day meeting on July 21, 2026, on Tuesday, maintaining its tight monetary policy stance to curb inflation and support macroeconomic stability.
According to the Governor of the apex bank, Mr Yemi Cardoso, who chaired the committee, the Monetary Policy Rate (MPR), which serves as the benchmark interest rate, remains at 26.50 per cent. The MPC also retained the asymmetric corridor around the MPR at +50 basis points and -450 basis points.
In addition, the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45.00 per cent, while the CRR for merchant banks remains at 16.00 per cent. The committee also retained the CRR on non-Treasury Single Account (Non-TSA) public sector deposits at 75.00 per cent, with the liquidity ratio at 30.00 per cent.
The decision reflects the apex bank’s continued commitment to containing inflationary pressures through a restrictive monetary policy while safeguarding the resilience of Nigeria’s financial system amid ongoing macroeconomic adjustments.
By keeping all policy tools unchanged, the MPC signalled its intention to continue managing excess liquidity in the banking sector and maintain stability in financial markets.
The move is also expected to provide greater policy certainty for investors and businesses monitoring the country’s monetary policy direction.
The latest decision also means borrowing costs are likely to remain elevated in the near term as the central bank continues to prioritise price stability over monetary easing.
Analysts had expected the CBN committee to retain the rate after Nigeria’s headline inflation came in at 15.91 per cent as of June 2026, marking a slight decline from 15.93 per cent in May.
However, even as overall price growth has moderated significantly compared to previous periods, food inflation remains a persistent challenge, accelerating to 17.52 per cent in June.
By Aduragbemi Omiyale
Shareholders of Unilever Nigeria Plc will receive an interim dividend of N2 per share, the board of the organisation has said.
The cash reward was announced after the company released its financial statements for the first half of the year ended June 30, 2026.
The payment will be made on Friday, August 14, 2026, only to investors whose names appear on the Register of Members at the close of business on Friday, July 31, 2026.
A quick look at the financial performance of the firm in the first six months of this year showed that revenue improved by 22.22 per cent to N119.9 billion from the N98.1 billion achieved in the corresponding period of last year.
A rise in earnings also resulted in a 16.43 per cent surge in cost of sales, though this did not shrink the gross profit, which rose by 29.93 per cent to N54.7 billion from N42.1 billion. The operating profit stood at N24.4 billion in the period under review, higher than N18.8 billion in the same period of 2025, while the net finance income contracted by 9.43 per cent to N4.8 billion from N5.3 billion due to elevated borrowing costs.
Business Post reports that despite higher taxes paid in the first six months of 2026, the net profit grew by 8.33 per cent to N15.6 billion from N14.4 billion, enabling the board to pass on value to shareholders for their faith in the firm.
