CK Capital,
a UK-based prop trading company, has announced its expansion into North
America, accepting clients from the United States and Canada. This move comes
just months after the firm’s initial launch.
CK Capital Expands into
New Markets
Founded in
April 2024 by Daniel Cheung, a financial influencer who runs his own WChampFX investment
school, CK Capital is joining the prevalent 2024 trend of trader-funded firms
(TFFs). Cheung, previously associated with the UK’s branch of IronFX for a
year, has reportedly designed CK Capital to offer a 100% profit split and SPT
spreads.
The firm,
which initially focused on traders from Europe and Asia, is now broadening its
scope to include investors from the US and Canada. This expansion into the
American market could be a significant move, considering that, according to
industry experts, approximately one in five prop traders hails from the United
States.
Big news! We’re now open to US and Canadian traders!
To celebrate, we’re giving the NEXT 50 ACCOUNTS a 50% discount!
Use code “TRADE50” and get in before we sell out!— ckcapital (@ckcapitaluk) September 17, 2024
UK
Companies House records show that the brand operates under CK Capital Group
Ltd, incorporated five months ago with a nominal capital of £1. The company is
registered in Harpenden, a small town north of London.
Finance
Magnates reported
at the beginning of this week that prop firm QuantTekel introduced broker
services after rebranding from AscendX Capital. This news highlights the
ongoing changes and developments in the prop trading industry, with firms
expanding their services and rebranding to better position themselves in the
market.
The Ebb and Flow of Prop
Firms
2024 has
seen the launch of several prop trading firms, though not all have enjoyed
longevity. Karma Prop Traders, for instance, launched at the beginning of the
year but suspended operations in August due to liquidity issues. However, its
clients weren’t left stranded as the business was acquired by Sway Funded.
Meanwhile,
Crypto Fund Trader, a prop trading firm with a cryptocurrency twist, officially
launched its services based on a digital assets futures platform on August 1,
2024.
In other
industry news, Finance Magnates exclusively reported that former XM
veteran Desimir Paskalev decided to launch his own prop firm, FundedBull. After
10 years in the CFD industry, Paskalev ventured out on his own, asserting that
prop trading is the future of the retail investment industry.
Brokers
have long recognized this trend. Currently, over five different CFD firms offer
prop trading to their clients, including OANDA, Hantec, IC Markets, and AXI. A
comparison of their offerings is available here.
CK Capital,
a UK-based prop trading company, has announced its expansion into North
America, accepting clients from the United States and Canada. This move comes
just months after the firm’s initial launch.
CK Capital Expands into
New Markets
Founded in
April 2024 by Daniel Cheung, a financial influencer who runs his own WChampFX investment
school, CK Capital is joining the prevalent 2024 trend of trader-funded firms
(TFFs). Cheung, previously associated with the UK’s branch of IronFX for a
year, has reportedly designed CK Capital to offer a 100% profit split and SPT
spreads.
The firm,
which initially focused on traders from Europe and Asia, is now broadening its
scope to include investors from the US and Canada. This expansion into the
American market could be a significant move, considering that, according to
industry experts, approximately one in five prop traders hails from the United
States.
Big news! We’re now open to US and Canadian traders!
To celebrate, we’re giving the NEXT 50 ACCOUNTS a 50% discount!
Use code “TRADE50” and get in before we sell out!— ckcapital (@ckcapitaluk) September 17, 2024
UK
Companies House records show that the brand operates under CK Capital Group
Ltd, incorporated five months ago with a nominal capital of £1. The company is
registered in Harpenden, a small town north of London.
Finance
Magnates reported
at the beginning of this week that prop firm QuantTekel introduced broker
services after rebranding from AscendX Capital. This news highlights the
ongoing changes and developments in the prop trading industry, with firms
expanding their services and rebranding to better position themselves in the
market.
The Ebb and Flow of Prop
Firms
2024 has
seen the launch of several prop trading firms, though not all have enjoyed
longevity. Karma Prop Traders, for instance, launched at the beginning of the
year but suspended operations in August due to liquidity issues. However, its
clients weren’t left stranded as the business was acquired by Sway Funded.
Meanwhile,
Crypto Fund Trader, a prop trading firm with a cryptocurrency twist, officially
launched its services based on a digital assets futures platform on August 1,
2024.
In other
industry news, Finance Magnates exclusively reported that former XM
veteran Desimir Paskalev decided to launch his own prop firm, FundedBull. After
10 years in the CFD industry, Paskalev ventured out on his own, asserting that
prop trading is the future of the retail investment industry.
Brokers
have long recognized this trend. Currently, over five different CFD firms offer
prop trading to their clients, including OANDA, Hantec, IC Markets, and AXI. A
comparison of their offerings is available here.
This post is originally published on FINANCEMAGNATES.
