Saxo Bank’s H1 Profit Rises 18% as Client Assets Reach EUR 153B

The Financial Commission is moving to mediate disputes in retail prop trading, with its COO Nikolai Isayev setting out the organisation's approach in a conversation with Adonis Adoni on FM Talks. The shift comes as prop trading has expanded quickly while formal oversight has struggled to keep pace, leaving the sector in what the organisation describes as a regulatory vacuum.

The Commission, long known for handling complaints brought by retail traders against brokers, now takes on cases involving prop firms. Its latest complaint figures point to a one-to-three win-loss ratio in favour of brokers, a statistic Isayev discusses in the interview alongside the consumer risks that arise when prop firms are involved in disputes.

Certification and Enforcement

The discussion covers the Commission's new prop trading certification and how firms are vetted before being admitted. Isayev also addresses the handling of fake certificates and scam operators that have appeared in the segment, and explains what the organisation can do when a member firm refuses to honour a decision issued against it.

A central question raised in the episode is whether prop trading should sit under financial regulation or be treated more like the gaming industry, given the evaluation-style challenge accounts that dominate the retail prop market. That classification, the conversation suggests, shapes which rules apply and which body, if any, has the authority to enforce them.

With prop trading still occupying a grey area between those two worlds, the Commission's move to mediate disputes adds a private-sector layer of accountability where public supervision remains thin. Whether that is enough to protect traders when a firm fails to pay out or shuts down remains open, and the interview frames the issue as unsettled rather than resolved.

For brokers, platform providers and prop firms, the practical implication is that complaint handling, certification and screening are becoming a more visible part of the segment's operating environment as the industry waits for regulators to clarify where the boundaries lie.