What Raen Trading does

Raen Trading Inc. is a privately held Delaware C Corporation headquartered in Boca Raton, Florida, operating a proprietary futures trading firm that recruits, evaluates, and places traders on a live institutional trading desk. The company runs a two-phase assessment program on the Trading Technologies (TT) Pro / TT Desktop platform: Phase 1 ("Edge") is a paid simulated evaluation at $389/month with $100,000 in simulated buying power, a $20,000 profit target, no time limit and unlimited free resets; Phase 2 ("Performance") is a free 90-day continuation on the same platform that grants access to the Raen Virtual Trading Floor, structured weekly meetups, and personalized "Edge" analysis. Successful candidates progress to the Junior Desk, where they trade firm capital across 40+ exchanges with a 60/40 profit split that scales up to 80/20 based on cumulative performance, with no stated ceiling on capital allocation and ongoing oversight from a dedicated risk manager.

The firm's core product surface also includes two recurring mentorship tiers — Group Mentorship at $698/month and Premium Group Mentorship at $789/month (which bundles the assessment) — delivered by the Head of Risk and senior traders, plus embedded educational resources (TT Pro, Livesquawk, a video library, and weekly team workshops). All Phase 1 fees are credited back against the trader's first live desk withdrawal, aligning the firm's short-term subscription revenue with the longer-term profit-split economics on the live desk. The October 2025 strategic partnership with Trading Technologies underpins both the assessment environment and the live desk, and powers the Global Talent Scouting program launched the same day to source trading talent worldwide. Raen sells exclusively through a fully self-serve digital onboarding flow at app.raentrading.com — no sales team, no resellers — targeting aspiring individual traders globally, with primary customer segments being "Aspiring Professional Traders" and "Independent Traders" seeking institutional capital, mentorship, and a team environment without risking personal capital.

Revenue is generated through three streams: the recurring Phase 1 subscription ($389/month, creditable), the mentorship subscriptions ($698 and $789/month), and — at the long tail — profit splits on the live desk starting at a 60/40 ratio in the trader's favor and scaling to 80/20. Pricing is processed via Stripe in USD and is publicly disclosed. The company underwent a leadership transition in mid-2025: co-founder Ryan Wright departed in May 2025, David Cooper was named CEO in June 2025, and the firm is in a broader restructuring phase. Raen currently employs 11-50 staff, holds a registered trademark (Raentrading™), and discloses no institutional investors, parent company, or external funding.

Name

Raen Trading

Legal name

Raen Trading Inc.

Website

https://raentrading.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Raen Trading is a proprietary futures trading firm running a two-phase simulated assessment program on Trading Technologies Pro to recruit aspiring traders globally, placing successful candidates on a live trading desk with institutional capital across 40+ exchanges, profit splits scaling from 60/40 to 80/20, and optional paid mentorship.

Ownership category

akta.pro rank

Product category

Proprietary Trading / Funded Trader Development

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Equity Index & Futures Derivatives (FSACADAF)

Keywords

• Proprietary trading
• Futures trading desk
• Trader assessment program
• Funded trading evaluation
• Talent scouting program

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Phase 1 Assessment Subscription: Monthly subscription fee of $389 for Phase 1 assessment access. Fee is charged in advance and non-refundable except that all Phase 1 fees are credited back against the participant's first live desk withdrawal upon successfully joining the trading desk. This creates aligned incentives where Raen profits when traders succeed on the desk.
2. Group Mentorship Program: Weekly mentorship sessions with Head of Risk (Dan) including personalized trading plan and direct trade reviews. Priced at $698/month for Group Mentorship or $789/month for Premium Group Mentorship (includes assessment). Provides faster progress to live capital.
3. Live Trading Desk Profit Split: Upon joining the live trading desk, traders receive profit splits starting at 60/40 in their favor, scaling to 80/20 based on cumulative performance. This represents Raen's primary revenue stream from successful trader placements.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels6 records

Core offering

Raen Trading operates a two-phase simulated futures trading assessment program on the Trading Technologies (TT) Pro platform that recruits individual traders worldwide and qualifies them for placement on a professional live trading desk. Successful traders earn a funded seat backed by institutional capital across 40+ exchanges with profit splits from 60/40 scaling to 80/20, supported by risk managers, a Virtual Trading Floor, and optional paid group mentorship tiers ($698-$789/month).

Product overview

Raen Trading operates a unified professional trading development platform centered on a two-phase simulated trading assessment program on Trading Technologies (TT) Pro/TT Desktop. The Assessment Program (Phase 1 at $389/month, Phase 2 free) is the core entry product, evaluating traders with $100,000 in simulated buying power and a $20,000 profit target. Completing both phases earns a funded seat on the Live Trading Desk, backed by institutional capital across 40+ exchanges, with a 60/80 profit split. The Raen Virtual Trading Floor and Mentorship Programs (Group at $698/month, Premium at $789/month) are add-on support modules accessible during Phase 2 and beyond. Educational Resources including video libraries, weekly workshops, and Livesquawk access are bundled with the assessment.

Differentiator

Problem solved

Functional benefit

Products and services

• Assessment Program (Phase 1 & Phase 2) A two-phase simulated futures trading assessment program run on the Trading Technologies (TT) Pro platform that qualifies aspiring individual traders for placement on Raen's live institutional trading desk. Phase 1 is paid at $389/month with $100,000 simulated buying power, a $20,000 profit target, unlimited free resets, no time limit, and a minimum of 30 trading days; all Phase 1 fees are credited back against the trader's first live desk withdrawal. Phase 2 is free for up to 90 days following Phase 1 completion and includes Virtual Trading Floor access, group mentorship sessions, and personalized Edge analysis.
• Live Trading Desk A funded seat on Raen's professional proprietary trading desk backed by institutional capital across 40+ exchanges with no downside risk to the trader. Successful Phase 1 and Phase 2 completions earn a Junior Desk position with a profit split starting at 60/40 in the trader's favor and scaling up to 80/20 based on performance, with capital allocation scaling without a ceiling. Includes a dedicated risk manager, daily virtual office collaboration, and a development path toward the Senior Desk. Available fully remote with global eligibility.
• Mentorship Programs Tiered add-on mentorship subscriptions offered alongside the assessment program for traders seeking accelerated progress to the live desk. Group Mentorship is $698/month and includes weekly sessions with Dan (Head of Risk), a personalized trading plan, and direct trade reviews. Premium Group Mentorship is $789/month and includes weekly sessions with a Senior Trader, a personalized trading plan, direct trade reviews, and the assessment fee bundled in the price.

Quantifiable outcome

• Profit splits scale from 60/40 to 80/20 based on cumulative performance, not calendar time
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

One partnership is on record.

• Trading Technologies International, Inc. (TT)coreTechnology or Integration · 23 October 2025Partnership with Trading Technologies to power Raen Trading's global Talent Scouting program. TT provides its institutional-grade trading platform (TT Pro / TT Desktop) for use in both Phase 1 and Phase 2 simulated trading assessments. This partnership showcases TT's platform capabilities to a broader audience of aspiring traders while providing Raen participants with professional-grade trading tools identical to those used on the live desk. The collaboration is mutually beneficial as TT gains exposure to emerging trading talent while Raen delivers institutional-quality infrastructure.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• FTMO: FTMO is the largest retail prop evaluation firm, running paid simulated trading challenges that graduate traders to funded accounts with profit splits. Directly comparable to Raen's two-phase assessment and funded desk model, though FTMO is more FX- and CFD-focused and operates at much larger scale.
• TopStep: TopStep is a US-based prop firm that runs a Trading Combine evaluation program primarily in futures markets and funds successful traders on a live desk. Closest direct peer to Raen in product mix (futures-focused) and target customer (US aspiring traders).
• The Trading Pit: The Trading Pit is a Europe-based prop firm offering simulated challenges and funded accounts across futures, FX, and other derivatives with scaling profit splits. Operates the same hybrid assessment-to-funded-desk model as Raen with a similar global trader target audience.
• FundedNext: FundedNext is a fast-growing prop evaluation firm running paid challenges that graduate traders to funded accounts with profit splits. Directly comparable to Raen in business model, customer base (aspiring retail traders), and growth-stage dynamics.
• The5ers: The5ers is a prop firm that funds traders after a low-risk evaluation with instant funding options and scaling plans. Comparable to Raen in the hybrid assessment-to-funded-desk model and target segment of ambitious individual traders.
• E8 Funding: E8 Funding is a prop evaluation firm offering simulated challenges with profit splits and funded accounts across multiple asset classes. Directly comparable to Raen in customer journey (challenge -> funded desk) and pricing structure.
• Surge Trading: Surge Trading is a prop firm running simulated trading challenges and providing funded accounts with profit splits. Comparable to Raen in business model and target audience of aspiring professional traders.
• Apex Trader Funding: Apex Trader Funding is a futures-focused prop evaluation firm with a large trader base and aggressive payout structure. Comparable to Raen in futures focus and assessment-based funding model.

Broad incumbents

• Interactive Brokers: Interactive Brokers is a large incumbent brokerage providing execution and capital access across global futures exchanges. Comparable as a broad incumbent that the funded Raen desk ultimately transacts through and that serves an overlapping professional/active trader customer base.

Others

• Trading Technologies: Trading Technologies is Raen's strategic technology partner, providing the TT Pro / TT Desktop platform that powers both the assessment and the live desk. Relevant as the key infrastructure and ecosystem enabler for Raen's product, even though TT is not a direct prop firm competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/raentrading
• LinkedInlinkedin.com/company/104671481
• Facebookfacebook.com/61565527055309

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raen Trading