Propex Derivatives

What Propex Derivatives does

Propex Derivatives is an Australian proprietary trading firm founded in 2005, headquartered in North Sydney, operating through its wholly-owned private-client subsidiary Propex24 Pty Ltd (AFSL 246488, ASIC-regulated). The firm runs an advisory dealing service and a prop-trading program that has historically trained and funded hundreds of traders, with Propex24 launched in 2015 as the retail-facing deployment of the parent firm's proprietary trading IP.

Propex24 delivers a multi-product single-platform trading service covering futures, equities, forex, bonds, and commodities/CFDs across 30,000-40,000+ instruments via the Totality/Saxo Apex infrastructure. The product suite comprises the Apex desktop platform (with Depth Trader, Time and Sales, Level 2 data, and DMA futures/CFDs), the Edge mobile/tablet application, and the Core Command Centre web portal for account management. Differentiated features include the proprietary Hawkeye Analytics market intelligence tool (extended to US stocks in 2025), an Account Shield whole-account stop-loss mechanism, and FX Forward Outrights across 100+ currency pairs. Distribution combines self-serve platforms with a 24/5.5 phone/email dealing desk and in-person Propex Network events.

The business model is primarily transactional: Propex24 earns commissions and bid-ask spreads across all asset classes with volume-based futures pricing, margin financing interest (3.33% retail, 1.5% for Elective Professional clients), and subscription fees for premium platform features and exchange data. Customer segments span active retail traders, aspiring prop traders (with a pathway into Propex Derivatives' prop program), new/developing traders receiving onboarding and mentoring, high-volume traders, and Elective Professional clients. The GTM motion is a hybrid of sales-led dealing-desk outreach and community-led content marketing through an educational blog, video courses, CME-licensed curriculum, and demo-account conversion, targeting a global retail audience while regulated under a single Australian AFSL.

Name

Propex Derivatives

Legal name

Propex 24 Pty Ltd

Website

https://propex24.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Propex Derivatives is an Australian ASIC-regulated proprietary trading firm that operates Propex24, an advisory dealing service offering retail and professional clients single-platform access to 40,000+ instruments across futures, equities, forex, bonds, and CFDs via Totality/Saxo infrastructure, with a pathway into its parent firm's prop-trading program.

Ownership category

akta.pro rank

Product category

Retail Brokerage Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Portfolio Management and Investment Advice (523940)

SIC

Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Derivatives & Futures Brokerage (FSAEACAL)

akta.pro secondary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

Keywords

• Multi-asset brokerage
• Futures trading
• Equities trading
• Forex trading
• CFD trading

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Commissions and Spreads: Propex24 charges competitive commissions on trades across all asset classes including futures, equities, forex, bonds, and CFDs. Futures pricing follows a volume-based model where more trading results in lower costs. The company earns through bid-ask spreads on CFDs and forex, and commissions on equity and futures trades.
2. Margin Financing: Revenue generated from margin requirements on leveraged positions. Clients must maintain sufficient Net Free Equity to avoid overdraft interest charges. Margin rates start at 3.33% for major FX pairs (retail) and 1.5% for Elective Professional clients.
3. Platform and Data Subscriptions: Subscription fees for advanced platform features including Depth Trader and Time and Sales data access. Exchange data subscriptions required for Level 2 order book and real-time execution data.
4. Bond Trading: Low commissions through direct electronic access to 50+ Tier-1 liquidity providers. Commission rates can decrease as trading volume increases.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Propex Derivatives is Australia's largest proprietary trading firm, founded in 2005. Through its Propex24 division (established 2015), it operates an advisory dealing service providing retail and professional clients single-platform access to trade Futures, Equities, FX, Bonds, and CFDs across 30,000+ products, supported by a 24/5.5 dealing desk and proprietary analytics.

Product overview

Propex24 is a multi-product single-platform trading service offering access to over 30,000 individual products across 5+ asset classes including Futures, Equities (local and international), Forex, Bonds, and Commodities/CFDs. The core product suite consists of Propex24 Apex (desktop platform), Propex24Edge App (mobile), and Propex24Core Command Centre (account management). The platform is powered by Totality/Saxo infrastructure and includes Hawkeye Analytics for market intelligence. Propex24 also offers a proprietary trading pathway through its parent company Propex Derivatives, Australia's largest proprietary trading firm. The service provides 24/5.5 dealing desk support alongside online trading capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Propex24Apex: Award-winning desktop trading platform with advanced features including Depth Trader, Time and Sales data, charting package, and Option Chain.
• Propex24Edge App
• Propex24Core Command Centre
• TraderPro
• TraderGo

Products and services

• Propex24 Apex Desktop Platform Primary desktop trading platform providing single-platform access to trade Futures, Equities, FX and CFDs with advanced features including Depth Trader, Time and Sales, charting, and advanced risk management. Built on Totality/Saxo Apex infrastructure and targeted at active retail and professional traders.
• Propex24 Edge Mobile App Mobile and tablet trading application providing complete access to Propex24 trading functionality on iOS and Android devices for active traders who need to manage positions on the go.
• Propex24 Core Command Centre Web and mobile portal for managing account services including fund withdrawals, sub-account management, detail updates, and support ticket management with multi-factor authentication via WhatsApp integration.
• Demo Account Risk-free trial account providing access to all 3,500+ products on the platform with hypothetical 100,000 USD for a 20-day period, intended to convert prospects into live funded accounts.
• Hawkeye Analytics Proprietary market intelligence system for identification of trading opportunities based on data analysis rather than market hype. Extended in 2025 to cover US stocks. Aimed at traders seeking an edge across Equities, Futures and FX.
• Proprietary Trading Pathway Pathway for successful Propex24 clients to become proprietary traders with Propex Derivatives, offering networking with professional traders, IT support, fast internet connectivity, mentoring sessions, and progression to full-time prop trading.

Quantifiable outcome

• Access to 40,000+ instruments across 5+ asset classes on single platform
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core, supporting and flagship.

• TotalitycoreTechnology or IntegrationPropex24 has partnered with Totality to provide clients with access to over 3,500 products in Equities, Futures, Forex and CFDs. Totality provides the award-winning trading platform infrastructure (Saxo Apex system) with competitive and transparent pricing, and simple funding/withdrawal options. The partnership enables web-based, desktop, and mobile trading access.
• SaxocoreTechnology or IntegrationSaxo (formerly Saxo Markets) provides the core trading infrastructure and market access through their Apex platform system. Propex24 offers Saxo, CQG and Hawkeye Analytics for seamless, simple market access and market intelligence. The partnership provides DMA futures access and DMA CFDs for Australian equities.
• CQGsupportingTechnology or IntegrationCQG is mentioned as part of the market access solutions alongside Saxo and Hawkeye Analytics, providing connectivity and market data services.
• CME GroupsupportingGTM or Marketing PartnerCME Group provides educational resources and courses for Propex24 clients including Introduction to Futures, Micro E-mini Futures, Crude Oil, Precious Metals, FX, Agriculture, Options, and Technical Analysis courses. Links to CME education are provided through Propex24's education section.
• Propex DerivativesflagshipStrategic or Co-development PartnerPropex24 is a creation of Propex Derivatives, Australia's largest Proprietary trading firm. Propex Derivatives has trained and funded 100s of traders over its history. Propex24 represents a natural progression into the Private Client sector where Propex Derivatives IP is deployed. Successful Propex24 clients may transition to proprietary trading at Propex Derivatives.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Saxo Markets: Saxo Markets is both a technology partner to Propex24 (via Saxo Apex platform) and a direct competitor offering multi-asset trading to retail and professional clients. Competes on similar multi-asset platform breadth and global market access.
• IC Markets: IC Markets is an Australian-regulated ECN broker offering FX, CFDs, and equities to active retail and professional traders. Competes directly with Propex24 on tight spreads, low commissions, and active trader pricing.
• Pepperstone: Pepperstone is a leading Australian-regulated FX and CFD broker serving retail and professional clients globally. Directly competes with Propex24 on FX, CFD, and commodity trading for active Australian traders.
• OANDA: OANDA is a global multi-asset broker with Australian presence offering FX, CFDs, and commodities to retail traders. Competes directly with Propex24 on FX margin products, trading tools, and platform functionality.
• CMC Markets: CMC Markets is a major Australian-headquartered retail CFD and FX broker offering multi-asset trading through proprietary platforms. Competes directly with Propex24 in Australian retail trading with similar product breadth across CFDs, FX, shares, and indices.
• Plus500: Plus500 is a global multi-asset retail CFD broker with significant Australian presence through ASIC regulation. Competes with Propex24 on CFD product breadth and retail trader acquisition.
• Interactive Brokers: Interactive Brokers is a global multi-asset broker serving active retail and professional traders with access to 150+ markets. Competes with Propex24 on breadth of products, low-cost execution, and professional-grade tools.
• IG Markets (Australia): IG Markets is one of Australia's largest retail FX, CFD, and share trading providers offering multi-asset access through proprietary platforms. Directly competes with Propex24 in Australian retail brokerage across the same asset classes and customer segments.

Regional players

• Axi: Axi is an Australian-headquartered FX and CFD broker serving retail and professional traders globally. Competes with Propex24 on similar product offerings and active trader pricing, with strong overlap in Australian retail segment.

Emerging players

• eToro: eToro is a social trading platform offering multi-asset trading with community features that overlap with Propex24's community-led GTM motion. Targets similar active retail trader segments with differentiated social/copy trading functionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/propexaustralia
• Instagraminstagram.com/propex24/?hl=en
• Facebookfacebook.com/PropexDerivatives
• LinkedInlinkedin.com/company/propex-derivatives

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Propex Derivatives