Tradiac, a new trading company, is making its debut.
Michael Buchbinder and a hedge fund created a business with the goal to shake up the prop trading industry. They are looking to give independent traders more opportunities to get access to bigger amounts of money.
Tradiac will provide its own money to trade on the trading platforms MT5 and cTrader, which is run by Swedish online broker Scandinavian Capital Markets.
Mr. Buchbinder has worked in the FX and trading fields for 16 years. His hedge fund partners also have a lot of experience, with a total of 75 years of knowledge. As a managing partner at Scandinavian Markets, he brings this experience to Tradiac, giving traders access to great resources and expertise.
Co-Founder of Tradiac, Michael Buchbinder, said:
The most difficult part for individual traders is securing the capital needed to trade full-time. At Tradiac, we aim to remove this hurdle, giving our traders the opportunity to maximize their potential.
Tradiac has teamed up with a hedge fund to make sure its clients have a reliable source of funding and protection from risk. With this partnership, the trading firm seeks to create an atmosphere of trust and trustworthiness. This will ensure that the company and its traders have the same goals in mind.
He added:
By emphasizing transparency and trust, Tradiac seeks to reshape the prop trading industry. We want our traders to feel confident in the knowledge that their success directly translates into our success. We win when they win.
Many trading programs funded from a distance demand their traders obey exact rules for risk management, though this is often bad because those traders can lose money quickly and be disqualified instantly. In contrast, Tradiac allows traders that don’t pass the performance examination to take a redemption test.
If they pass it, they can go on trading with the earlier support level they had success with.
Read more: Dukascopy Removing India 50 Index | Brokers Times
