Broker Summary
Summary of the broker
Introduction
Propex24 is a proprietary trading broker rooted in Australia’s largest prop trading firm, Propex Derivatives. Founded by futures trading expert Max Whitby, the broker combines market access to futures, equities, and forex with strong trader education programs.
Background and History
Max Whitby led the computerization of Australia’s futures trading in the early 2000s and later founded Propex Derivatives around 2007. Headquartered in Sydney (66 Goulburn Street, Level 24), the firm expanded into brokerage through Propex24, maintaining a strong focus on trader development.
Key Features and Offerings
Access to futures, equities, and forex markets
Strong emphasis on education (simulations, mentoring)
Primarily supports proprietary traders and professional skill-building
Regulatory Compliance and Licensing
Public information about specific regulatory licenses is currently unavailable. Traders should verify compliance details directly with the firm.
Regulator | License Number | Status |
|---|---|---|
Australian Securities and Investments Commission (ASIC) | Not publicly disclosed | Unconfirmed |
Trading Conditions and Platforms
While exact data is not published, conditions are expected to suit professional traders. Platform details remain limited, though simulation tools are likely included.
Feature | Details |
|---|---|
Spreads | Not publicly disclosed |
Leverage | Not publicly disclosed |
Minimum Deposit | Not publicly disclosed |
Trading Platforms | Standard platforms likely; simulation software for education |
Fee Structure
No clear information about fees is publicly provided.
Fee Type | Description |
|---|---|
Deposit Fees | Not disclosed |
Withdrawal Fees | Not disclosed |
Inactivity Fees | Not disclosed |
Commission | Not disclosed |
Market Reputation and User Experience
Propex24 is respected for its education-first approach and connection to a leading proprietary trading firm. Public reviews are scarce, and transparency regarding trading conditions is limited.
Recent Developments
As of 2024, no major updates or new product announcements have been reported.
Conclusion
Propex24 blends brokerage services with professional trading education, backed by Max Whitby and Propex Derivatives. It may be a strong choice for aspiring professional traders, though prospective clients should confirm regulatory details, fees, and platform features before joining.
Regulatory Licenses
Compliance & oversight
ASICTier 1Regulated
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
Bank Transfer
Credit/Debit Cards
E-wallets
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with Propex24: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark Propex24 at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
Propex 24 Pty Ltd
Registration
009199553
Established
2004-03-10
Comments
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