The Financial Commission has launched a voluntary certification programme for proprietary trading firms, introducing independent oversight to a sector that previously lacked standardised benchmarks. The new framework assesses prop firms across five core areas: trading rules, enforcement consistency, payout transparency, risk management practices, and dispute resolution procedures. Firms meeting these standards receive certification and can display the Financial Commission’s badge, though they must undergo ongoing monitoring and annual renewal.
Chief Operating Officer Nikolai Isayev stated the rapidly expanding prop trading sector now requires transparent rules and independent verification to protect traders and legitimate operators. The programme includes evidence-based reviews of firm rulebooks, evaluation criteria, and payout policies. It also provides traders with access to the Financial Commission’s external dispute resolution services, whilst allowing firms to defend against claims of abusive trading behaviour using documented evidence.
Industry figures including RUBIK’s Ruben Abitbol and Prop Trader Edge’s Kathy Lien have endorsed the initiative as necessary progress toward accountability.
FXnCO Insight
Traders should prioritise certified prop firms to reduce operational risk, whilst non-certified firms may face competitive pressure to adopt these standards or risk losing credibility.
Source: Finance Magnates