In a bold strategic move, proprietary trading firm FundedNext is entering the brokerage industry with the launch of its new entity, FNmarkets. While best known for its challenge-based funding programs, the firm is now looking to establish itself as a regulated CFD broker, starting with a license from Comoros and applications underway in both Mauritius and Dubai.
Brokers and Prop, Under One Ecosystem
FNmarkets and FundedNext will remain structurally independent, despite sharing executive leadership and branding under the broader FN group. The firm emphasized that operations, risk, and client management are being run separately to meet regulatory requirements.
Targeting the Global South
FNmarkets is launching with a clear geographic focus: emerging markets. The brokerage will cater to traders across Asia, Africa, the Middle East, Oceania, and Latin America—with notable attention on countries like India, Morocco, Kenya, the Philippines, and Brazil.
Multi-Asset Offering
At launch, FNmarkets will provide trading in 80+ CFD instruments across forex, commodities, equities, and cryptocurrencies. Crypto CFDs will be available 24/7, aligning with current retail demand in high-growth markets.
Licensing Roadmap
Beyond Comoros, FNmarkets has already initiated its licensing process in Mauritius and with the DFSA in Dubai. A Cyprus (CySEC) license is also part of the firm’s roadmap, but will be pursued later as part of a phased regulatory expansion strategy.
Prop Firms Going Broker: A Growing Trend
FundedNext is the latest in a growing list of prop trading firms expanding into brokerage. While some firms register offshore for tech access only, FNmarkets appears to be one of the few aiming for full-service brokerage status. The most high-profile case to date remains FTMO’s acquisition of legacy broker OANDA, signaling that the lines between prop trading and traditional retail brokerage are blurring fast.
