Press Release
Prop Firms vs. FX Brokers: Which Is Your Best Choice?
In the financial markets, traders typically choose between FX brokers and prop firms, the two most popular trading platforms. Understanding their differences is essential for selecting the one that aligns with your trading goals.
Prop Firms vs. FX Brokers
1. Capital Support and Risk Control
On FX broker platforms like XM, Exness, and IG, traders must use their own funds. All trading risks are borne by the individual, meaning that traders with limited capital may face substantial risks.
In contrast, Prop Firms like Funding Pips, FTMO, and Funded Knight offer traders access to significant capital, allowing them to trade without risking their own money. For example, with Funded Knight, traders only need to pay around $1,000 for an evaluation and can trade with up to $250,000 in real trading capital (the evaluation fee is refundable). With such large capital backing, traders have the flexibility to implement more complex strategies, allowing them to fully unleash their trading potential. They can also set proper stop-loss and take-profit levels according to the size of the account, reducing the risk of premature exits caused by limited funds.
2. Trading Costs and Profit Sharing
Traditional FX brokers generate revenue through spreads, commissions, and fees without offering profit-sharing. This model leaves traders solely responsible for their success or failure, with high trading costs often reducing profitability.
On the other hand, Prop Firms often offer higher profit-sharing rates. For example, after passing the evaluation challenge with Funded Knight, traders can earn up to 95% of the profit, which is the highest percentage among Prop Firms. With the mission “Your success is our success,” Prop Firms share a mutual interest with traders, offering free, high-quality educational resources, training courses, and professional consulting to help traders succeed.
3. Entry Barriers to Trading
Traditional FX brokers focus on platform conditions and market access. Traders can start trading immediately by depositing funds, without the need to pass any evaluation. However, this model often leads to higher risk for traders, especially when capital is insufficient, making it difficult to weather market volatility.
Since Prop Firms fully bear the risk of any loss traders might incur, they usually set up evaluation stages and trading rules to assess traders’ skills and risk management abilities. While this may result in higher entry barriers compared to FX brokers, it is not difficult for traders to meet these requirements. For example, Funded Knight sets relatively low evaluation standards and offers a quicker, simpler “1-step challenge” that allows traders to access real trading faster than the typical two-phase evaluation process. The “1-step challenge” even has no time or minimum trading day limits, which encourages more potential traders to participate.
Additionally, Funded Knight has tailored its services to meet the needs of traders in Asia, particularly Southeast Asia. It provides multilingual support and integrates popular local payment gateways, ensuring a seamless trading experience for the region’s traders.
Summary
Returning to the original question: should individual traders choose Prop Firms or FX Brokers?
For traders with substantial capital and a preference for full control, traditional FX brokers may be suitable. However, if overcoming capital limitations and maximizing profitability are your priorities, prop firms like Funded Knight provide an ideal trading environment to achieve these goals.
Learn more: https://fundedknight.com
Company Name: FK FINTECH LIMITED
Contact Person: Funded Knight Support
Email: support@fundedknight.com
State: Hong Kong
Website: https://fundedknight.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
2024 Wyndham Festival Retreats
Celebrating the year-end festival with joy and delight! Being the world’s most generous hotel loyalty program with approximately 112 million enrolled members worldwide and spanning more than 60,000 hotels, vacation club resorts and vacation rentals globally—Wyndham Hotels & Resorts is introducing Wyndham Festival Retreats, where Wyndham Rewards Members enjoy more discount when book directly*, and end-of-year escapes become more than just getaways! Whether you’re visiting family or taking a well-deserved break full of holiday wonder, let’s make your stay unforgettable.
New Limited-Time Offer:
From December 2, 2024, to February 23, 2025, registered members who book directly* through our official channels at participating Wyndham Hotels & Resorts in the Asia-Pacific region and complete their stay by February 28, 2025, can enjoy up to 30% off room rates and earn points for future stays.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
KODDPA Celebrates Its 4th Anniversary, AI Quantitative Trading Technology Reaches New Heights
Recently, KODDPA celebrated an important milestone, its fourth anniversary. Since its founding in 2020, KODDPA has gradually become a key player in the fintech industry, thanks to its innovative trading systems and rapidly advancing technology. The company stated that continuous innovation and outstanding team collaboration have been the key factors in its success over the past four years.
Technological Innovation Drives Rapid Growth
Since its inception, KODDPA has made technological innovation its core driving force. The company’s quantitative trading system utilizes deep learning and reinforcement learning algorithms to analyze vast amounts of market data with multi-layer neural network models, extracting potential market patterns to accurately predict future market trends. The system has been validated through a large amount of historical trading data and is capable of autonomously optimizing trading strategies.
KODDPA’s technical leader explained that KODDPA’s technology is able to respond in real-time to market fluctuations, providing investors with precise predictions and efficient trading decisions. The successful development of the quantitative trading system is one of the highlights of the company’s fourth anniversary celebration.
Diversified Products and Market Expansion Further Enhance Competitiveness
In addition to technological breakthroughs, KODDPA has launched multiple quantitative trading products to further meet the diverse needs of different investors. The introduction of these products has allowed KODDPA to secure its position in the competitive market. The company also noted that over the past four years, KODDPA has successfully entered multiple markets, continuously expanding its global business coverage.
Moreover, KODDPA places great importance on team development and has attracted a large number of outstanding talents from the fintech industry. As the team has grown, the company’s technological strength and market influence have significantly improved.
During the fourth anniversary celebration, KODDPA expressed sincere thanks to all customers, partners, and team members. The company emphasized that it is thanks to their support and collective efforts that KODDPA has been able to achieve such success in a highly competitive market.
KODDPA’s CEO said in an interview that the company’s success is due to the trust of every customer and partner. Looking forward, KODDPA will continue to focus on technological innovation and drive the development of the quantitative trading industry.
KODDPA also revealed that it will further increase investments in technology research and development and market expansion to ensure continued growth and provide more precise and efficient trading solutions for global investors.
Contact: James William
Company: KODDPA
Email: james@koddpa.com
Website: https://koddpa.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Bety Unveils Enhanced Offer of 20,000+ Crypto Casino Games and Sportsbook Events
Paranaque City, Philippines, 4th December 2024, ZEX PR WIRE, Bety, one of the leading Web3 betting platforms with a decentralized approach to casinos and sportsbooks, has unveiled its enhanced offer, boasting over 20,000 crypto casino games, sports, and eSports events. The platform aims to become one of the top Bitcoin casinos with a fair, transparent, and unmatched gaming experience for everyone.
Blockchain technology is a catalyst for innovation in all sectors, and online casino gaming is no exception. The growing adoption of cryptocurrency into the mainstream supports the emergence of groundbreaking platforms in digital entertainment. Bety is one of the major players spearheading this revolution by offering secure and accessible gaming experiences to change how people interact with online gambling services.
The Advantages of Web3 Betting
Traditional online casinos have been around since the early days of the Internet. However, they have always faced the same challenges, such as slow payouts and high deposit/withdrawal fees. Moreover, users have often complained about the improvable fairness of game bets and their outcomes.
Web3 betting solves these issues and takes online casino gaming to the next level through blockchain gaming. Its use of decentralized ledger technology ensures a transparent gaming experience for all users. It also accelerates deposit and withdrawal times at considerably lower costs than what traditional casinos practice.
The processing times for deposits at traditional and crypto casinos are similar, often occurring instantly. However, there is a significant difference in withdrawal times between conventional online casinos and blockchain-based casinos.
For example, traditional casinos can take several days to process withdrawals. Users often have to wait up to 3 days to transfer winnings to their credit/debit cards and 7 days via bank transfers. On the other hand, crypto casinos process payouts in only a few minutes, sometimes instantly, depending on the blockchain network’s congestion. This remarkable speed allows players to access their earnings faster and enhances the user experience.
The Rise of Blockchain Gaming
Blockchain gaming is a game-changer for the online casino experience. This technology offers unprecedented levels of trust and transparency. Thanks to its decentralized nature, players from various regions can play in complete anonymity and privacy. Furthermore, the lack of a centralized authority enhances game insights. It sets the stage for provably fair game mechanics, thus empowering players to make informed choices.
Bety is an innovative blockchain gaming platform that employs the Provable Fairness concept, which is fundamental for Web3 betting. The platform ensures that game outcomes are determined randomly and cannot be manipulated by the operator or any other party. Therefore, Bety guarantees equal winning odds for all players.
Innovation and Accessibility
Bety stands out as a popular crypto casino with a rich selection of classic casino games and sports events catering to high-end players. The platform excels through its user-centered approach, which includes various bonuses, an exclusive VIP program, and 24/7 customer support.
Moreover, Bety embraces the latest technological advances by incorporating the many benefits of blockchain networks, such as Bitcoin payments. The platform supports quick Bitcoin deposits and withdrawals, offering higher privacy and accessibility than traditional payment methods, such as debit or credit cards.
Hash Games at Bety Casino
Blockchain technology increases the gaming offer for online casinos, providing games not supported by traditional casinos. For example, conventional casinos rely on the classic offer of vintage games with limited scalability and versatility potential. On the other hand, blockchain provides a fertile ground for boundless creativity, spurring innovative concepts, such as play-to-earn and hold-to-earn.
Gaming diversity is one of the most exciting aspects of building a Web3 betting platform on blockchain technology. In addition to offering traditional casino games such as slots, poker, blackjack, and roulette, Web3 casinos also provide hash games.
Hash games are fast-paced, simple games that mimic classic casino games while adding a pinch of excitement. The game mechanics use hash value calculation and blockchain algorithms to deliver a thrilling, straightforward gaming experience. Players must wager on a predicted hash interval and win if their prediction is correct. Hash games involve various betting options that broaden the winning odds.
Bety has several hash games in its versatile blockchain gaming offer, including Hash Banker Player, Hash Bull, 3-Min Bull, 1-Min Banker Player, and more. These games function by simple, easy-to-understand rules and ensure provable fair outcomes with appealing RTP rates.
A Unique Classic Casino Gaming Offer
In the most recent offer upgrade, Bety reveals an enhanced gaming offer, including slots, live casino, table games, lottery games, and sports events. Users can pick from over 10,000 casino games from leading brands, such as PGSoft, Evolution Gaming, Evoplay, Yggdrasil, Red Tiger, EG Games, Spribe, JILI, AE Sexy, Ezugi, and PNG. This stellar collection of games from reputable brands ensures players have non-stop access to the latest games and live events while enjoying a cutting-edge gaming experience.
Bety offers a versatile library of over 10,000 slot games from more than 100 leading brands. Many of these games involve highly appealing bonuses, making the playing experience even more exciting. The platform replicates an authentic casino experience through its live casino that players can enjoy without leaving their homes. Also, the table games section includes many traditional and fan-favorite games, such as poker, blackjack, baccarat, craps, roulette, and more.
Promotions & Bonuses
Bety also provides several promotions for new and veteran players to make the gaming experience even more thrilling and fulfilling. The platform offers bonuses on the first 4 deposits and 7-day and monthly bonuses. Furthermore, referring friends to Bety entitles players to additional bonuses and earning opportunities.
The VIP Program
Bety invites players to explore its large blockchain gaming selection. They can quickly make transparent and instant Bitcoin deposits to play these games and boost their profiles on the platform. In time, the most loyal players can enter Bety’s VIP program and enjoy several advantages, including cash-back incentives, free chests, free spins, and personal VIP assistants. Moreover, the platform also supports instant Bitcoin withdrawals.
An Immersive Sportsbook Experience
The Sportsbook section on Bety is as equally exciting as the casino part. The platform allows players to explore numerous live and upcoming events in various sports and eSports. Bety provides events from over 40 different disciplines, including football, basketball, tennis, kabaddi, e-cricket, and e-fighting. Platform users can navigate through a rich and extensive selection of events, each supporting various playing options.
About Bety
Bety is a decentralized casino and sportsbook platform that supports Bitcoin deposits and withdrawals. It is owned and operated by 12 Stars International Gaming Solutions Limited, a company established in Seychelles. The website is also licensed and regulated by the Government of the Autonomous Island of Anjouan, Union of Comoros.
Bety has a native token, the BTY Token, which players can use to play-to-earn and hold-to-earn. The platform proposes a large and versatile selection of high-RTP blockchain casino games, including hash games, slots, live casinos, and table games. Moreover, it has an extensive sportsbook section with playing options on sporting and e-sports events from 40+ disciplines worldwide. Bety is available in 12+ languages, including English, Spanish, French, Arabic, and Chinese.
You can visit Bety at its official website or follow the platform’s latest developments on its dedicated social media channels: X (Twitter) | Telegram | Discord | Facebook |
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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