Over 100 prop firms collapsed between 2023 and 2024. Most people called it a crisis.
But we consider it a clearing event.
The firms that disappeared were built on a model that was never sustainable: charging retail traders purely for evaluation challenges, profiting from their failures, and relying constantly adding a stream of new sign-ups to fund the few accounts who actually made it through.
That model is being regulated out of existence. The US, Canada, and Europe are all moving in the same direction. The CFTC's enforcement action against MyForexFunds wasn't a one-off, it's a signal of what's coming.
What's replacing the first wave is more interesting.
Revenues from subscriptions, data, technology licensing, with the combination of actual profit sharing. Prop trading is becoming a feature of the brokerage stack, not a standalone product itself. Infrastructure is replacing gamification.
Today, we're publishing our latest report: The Retail Prop Trading Reset.
It maps the structural change happening right now in retail prop trading. Not a forecast. An operator's view of where the industry actually stands and where it's going.
Part 1 is out now. Click here to Read the full story!
Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, registered address 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
M7 Report: The Retail Prop Trading Reset
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