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Hantec Group's prop firm brand Hantec Trader began operating as RZR Funded on 19 October. The firm says the new name gives the prop trading business its own identity as it prepares to expand its product range, markets and leadership team.
No Change For Existing Traders
The firm says nothing changes for existing traders. In-progress challenges and funded accounts continue with the same logins, balances and progress toward targets. Profit splits, drawdown limits, evaluation targets, trading conditions and payout schedules are unchanged. Traders will not need to open new accounts or sign new terms and conditions, and spreads stay the same.
RZR Funded will keep publishing its payout record, including amounts, dates and processing times, as it has done to date. Existing traders will also get access to new products, tools and features as they are introduced.
"Nothing changes for anyone trading with us today, and I want to be completely clear about that. Same conditions, same payout terms and the same team looking after you. RZR Funded represents where we want to take the business next, and traders should expect more from us over the coming years, not less." - Bashaar Gokal, Director, RZR Funded
Leadership, Products And The New Name
The existing management team, led by Gokal, stays in place. RZR Funded is adding to its leadership team, with further senior appointments planned to support its growth strategy.
The firm is also preparing to broaden its product range and available markets. The first of several new launches is due within weeks. Further announcements on products, leadership and growth plans are expected shortly.
The firm says the name RZR is intended to represent sharpness, precision and discipline. On its website, RZR Funded cites an average payout time of 10 hours, total payouts of more than $6 million and a highest single reward of more than $45,000.
"This is the start of an exciting new chapter for the business. We've built a strong track record and an experienced team, and RZR Funded gives us the platform to take the business to the next level. We have ambitious plans for where we want to go from here, and I'm looking forward to sharing more of those plans over the coming months." - Bashaar Gokal, Director, RZR Funded
From Hantec Trader To RZR Funded
Hantec Group launched Hantec Trader in January 2024. At launch, traders could keep up to 90% of their profits and trade account balances of up to $200,000.
Sam Low also asked Hayel Abu Hamdan, CCO of Hantec Markets, about the prop trading business in an interview on Hantec's priorities for innovation, expansion and product. Abu Hamdan said Hantec Trader gave traders a low-risk, low-cost way to take part in global markets and develop their strategies.
RZR Funded is still powered by Hantec Markets Mauritius, while RZR Funded and Hantec Markets Limited are separate entities. Support services are provided by HM Provider Limited, an affiliate of RZR Funded and part of the Hantec group of companies.
RZR Funded Limited is incorporated in Mauritius and Saint Lucia. It provides simulated trading accounts using virtual funds and does not offer its services to US residents.
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