BDSwiss Ex-CRO Launches Proprietary Trading Brand thePropTrade

Andreas Andreou, former Chief Revenue Officer at BDSwiss, has announced that he is joining the proprietary trading industry with the launch of prop trading brand thePropTrade, according to his Linkedin updates.

As the founder of thePropTrade, Andreou is also the brand's co-CEO. He told the media that the another CEO of the brand is Md Hazly, who worked at HF Markets and has many years of experience in the industry.

“At thePropTrade.com we are committed to creating a cutting-edge environment for traders, providing the tools, support, and resources they need to thrive. Our firm will focus on empowering traders with advanced trading technology, data-driven insights, and a strong capital foundation.”

“Our mission is simple: to foster an innovative and collaborative trading ecosystem where both experienced and aspiring traders as well as our valuable partners can reach their full potential,” he added.

Andreou joined BDSwiss at the beginning of 2023 and left the firm last month. Prior to that, he worked for several industry-recognized financial services brokers such as FXGM, IronFX and HF Markets.

Information on thePropTrade's official website shows that the brand is operated by QuantElite - FZCO, a registered company based in the UAE. Traders can choose between three different types of challenges according to their trading style and earn profits at thePropTrade when they reach the set goals.

Recently, BDSwiss, a well-known FX and CFD broker, announced layoffs in Cyprus. Besides, the broker is facing customer complaints regarding withdrawal issues.