Astra Capital Group Intends to Acquire Prop Firms
In response to the recent closure or suspension of operations by numerous retail prop firms due to trading platform licensing issues, one entity has offered to acquire all struggling companies. However, Astra Capital Group has set a condition.
Last weekend, Astra Capital announced it is "prepared to acquire any prop firm that shuts down or pauses operations, taking on all their traders" and incorporating them into its platform.
The potential migration would take a maximum of two days, allowing clients to continue trading while generating some income for struggling business owners.
作為回報，Astra 期望從活躍交易者的挑戰費中獲得 70% 的份額，「我們的風險管理團隊將確定哪些公司擁有健康數量的資金交易者和帳戶規模」。
They stated in a follow-up tweet. "Based on 70% of all challenge fees and further risk calculations, we will make a decision; we won't simply do this for free."
Astra Capital only entered the market in early 2024 but has since launched its own technology, enabling it to introduce a proprietary trading platform, Astra X, now available for desktop and mobile devices.
The company has also partnered with Visa to offer payment cards and announced the launch of an additional futures trading platform within the next three weeks, frequently advertising on large billboards in New York's Times Square.
20 Prop Firms Close Within a Week
Astra Capital's proposal comes just as allegedly 20 different prop firms announced closures or suspended operations within a week.
This decision was triggered by MetaQuotes taking action against trading companies, suspending their licenses to use trading products, including the popular MetaTrader platforms.
Many companies used MT4 and 5 through white-label arrangements with regulated forex/CFD brokers, and MetaQuotes appears to have begun addressing this issue more thoroughly.
One of the companies that disappeared from the market as a result was Funds For Traders, while Karma Prop Traders also announced its exit from the market.
The latest survey data from PipFarm shows that up to 40% of clients make money in prop firm challenges, while the rest are fund providers.
Reference：“We are ready to acquire any prop firm that shuts down,” States Astra Capital Group
