Propex Derivatives
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.
- Company typePrivate
- Founded2015
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
Propex Derivatives firmographics
Firmographics- 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
Propex Derivatives industry classification
Industry- 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
Where Propex Derivatives is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Propex Derivatives business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- 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.
- Bond Trading: Low commissions through direct electronic access to 50+ Tier-1 liquidity providers. Commission rates can decrease as trading volume increases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Standard FX margin rate for retail clients on major pairs |
| Usage-based | Pay-as-you-go | Reduced FX margin rate for Elective Professional clients |
| Usage-based | Pay-as-you-go | NDF trading margin for professional clients |
| Usage-based | Pay-as-you-go | CFD margin rates by instrument type |
| Freemium | Pay-as-you-go | Demo account with hypothetical funds |
| Transaction based/ take rate | Pay-as-you-go | Futures volume-based pricing |
| Transaction based/ take rate | Pay-as-you-go | Bond trading commission rates |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Propex Derivatives product offering
Product offeringCore 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
Companies that use Propex Derivatives
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Propex Derivatives technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature7 records
Propex Derivatives partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, supporting and flagship.
- TotalitycorePropex24 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.
- SaxocoreSaxo (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.
- CQGsupportingCQG is mentioned as part of the market access solutions alongside Saxo and Hawkeye Analytics, providing connectivity and market data services.
- CME GroupsupportingCME 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 DerivativesflagshipPropex24 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
Propex Derivatives competitors and assessment
Company assessmentDirect 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
Propex Derivatives social profiles
Digital presencePropex Derivatives compliance and trust
Trust signalCompliance1 record
Propex Derivatives financial estimates
Financial estimateRevenue estimate
Valuation estimate
Propex Derivatives leadership team
Management profileNumber of profiles
Profiles1 record
Propex Derivatives subsidiaries and ownership
Company hierarchySubsidiaries1 record
Propex Derivatives funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Propex Derivatives M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Propex Derivatives
What does Propex Derivatives do?
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.
Is Propex Derivatives a public or private company?
Propex Derivatives is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Propex Derivatives founded?
Propex Derivatives was founded in 2015. It employs 11 to 50 people.
Where is Propex Derivatives based?
Propex Derivatives is headquartered in Sydney, Australia, in the Oceania region.
How does Propex Derivatives make money?
Four revenue lines are on record. Trading Commissions and Spreads are the primary driver. The others are margin Financing, platform and Data Subscriptions and bond Trading.
Who are Propex Derivatives's main competitors?
Direct peers on record are Saxo Markets, IC Markets, Pepperstone, OANDA, CMC Markets, Plus500, Interactive Brokers and IG Markets (Australia). Axi is listed as a regional player. eToro is listed as an emerging player.
Does Propex Derivatives have an API?
No public API is recorded for Propex Derivatives.
What industry is Propex Derivatives in?
Propex Derivatives's product category is Retail Brokerage Services. Its primary akta.pro industry code is FSAEACAL, Derivatives & Futures Brokerage, with a secondary code of FSAFADAD, Retail FX/CFD Broker Trading Venues. Its NAICS code is 5231 and its SIC code is 6221.