FNG Exclusive… FNG has learned that James Glyde, a former longtime senior executive at Spotware Systems – the developer of the cTrader trading platform – has launched a new brand in the “Funded Trader” retail prop trading space, called PipFarm (at website pipfarm.com).
PipFarm will be domiciled in Singapore, and will run on his former employer’s cTrader platform.
James Glyde spent six years at Spotware from 2013-2019, the last three as Chief Commercial Officer of the company, during a period when cTrader rose to become the #2 multi-asset retail trading platform behind rival MetaQuotes’ MetaTrader (MT4 and MT5). Most recently, James spent the past two years as Operations Manager for Sweden/Canada based broker Scandinavian Capital Markets.
The new venture emerges amidst the recent upheaval in the retail prop trading industry caused (mainly) by MetaQuotes’ sudden withdrawal of support for Funded Trader firms using grey-labelled MetaTrader 4 and 5 platforms from Retail FX and CFD brokers. MetaQuotes’ withdrawal from prop trading has left many prop trading firms scrambling for alternatives, underscoring the market’s vulnerability and the need for stable, dependable solutions.
James Glyde said to FNG regarding the new venture,
“PipFarm offers cTrader for the endless benefits provided, not because circumstances twisted our arm.
“After several months of development and weeks of beta testing, we have the most stable and tested cTrader integration.
“Our deep understanding of the funded trader space and state-of-the-art proprietary technology, combined with the exceptional capabilities of cTrader, equips us to offer a supportive environment where traders can thrive.”
