Just weeks after officially leaving the prop firm The Trading Pit, Antreas Pilavakis has found a new employer. He has just joined FunderPro as Operations Manager, a brand that belongs to the same owner as TradeLocker, a popular trading platform among prop firms and brokers.
From The Trading Pit to FunderPro
Pilavakis's journey in the prop and financial industry began in May 2022 when he joined The Trading Pit as a customer service representative. In the following years, he was promoted to department head and, from March this year, he held the position of Business Project Manager.
However, three weeks ago, he announced his decision to part ways with the company. Pilavakis stated, "From the company's inception in early 2022 to representing the early prop trading model at exhibitions in Frankfurt, Dubai, Limassol, and Las Vegas, working alongside some of the best in the industry, I can only say I'm deeply grateful and honored."
After a three-week break, an update emerged, revealing that he has joined the FunderPro team as Operations Manager, a role similar to his position at The Trading Pit, with his work location being in Cyprus.
Pilavakis said, "I'm excited to share that I'm starting a new position at FunderPro as Operations Manager, with the goal of achieving operational excellence and efficiency, driving scalability, and positioning the company as an industry leader by 2025."
The new Operations Manager at FunderPro told Finance Magnates, "There's a very knowledgeable and experienced great team behind FunderPro and the whole company group, it's just a matter of time."
Just as The Trading Pit has close ties to the CFD industry, co-founded by Tickmill founder Illimar Mattus, FunderPro is also part of a company directly related to the brokerage industry.
FunderPro is a division of Red Acre, a Malta-based technology company whose portfolio primarily includes TradeLocker, a popular platform among trading companies and prop firms. Pilavakis's appointment comes two months after the prop firm appointed Petros Kalaitzis as Chief Strategy Officer, who previously worked at Tools for Brokers.
Kalaitzis stated, "FunderPro is at a pivotal point in the company's development, it has grown to a reasonable size, things have stabilized, and we are now entering the second stage of growth to reach the top of the industry. I look forward to working with this talented team to define our strategic direction and drive initiatives that will propel FunderPro to new heights."
FunderPro Launches New Affiliate Model to Address Churn Issues
Recently, the prop firm introduced a new affiliate model aimed at addressing common industry issues such as affiliate churn and revenue loss. The model makes two key changes to the traditional affiliate structure:
- All sales pay commissions: Affiliates earn a commission on every sale through their link, not just initial purchases
- Volume-based commission increases: Commission rates increase based on sales volume, with affiliates earning up to 20% per challenge sold
This approach aims to incentivize affiliates to stay on the platform long-term rather than frequently switching between brands. By allowing earnings from repeat sales, FunderPro aims to streamline the affiliate process and build stronger relationships with partners.
Additionally, FunderPro offers white-label technology for affiliates who want to start their own prop trading firms. This B2B solution provides customizable dashboards, websites, and challenge systems, potentially lowering the entry barrier for new prop firms.
Reference：TradeLocker Owner Recruits New Executive for Its Prop Firm
