CMC Markets enters prop trading with CMC Funded

CMC Markets has launched CMC Funded, a simulated proprietary trading evaluation programme created through a strategic partnership aimed at identifying and supporting trading talent. The company emphasised that the programme operates separately from CMC Markets and is not a regulated product or service offered by the brokerage.

Verichain, an AI-powered recruitment platform that connects candidates with companies across finance, trading and technology, has been named as the programme's first referral partner.

All participants receive a dedicated $100,000 simulated trading evaluation supplied by CMC Funded. Account size, performance target and risk parameters are pre-set and identical for every candidate, so each entrant is measured against the same framework. Those who pass the evaluation are awarded a Verified Trader badge and offered an interview opportunity through Verichain.

Simulated accounts only

According to CMC Markets, CMC Funded does not open live brokerage accounts, hold client money, execute customer trades or arrange investments. Every participant account remains simulated, and performance-based rewards are subject to the programme's terms and eligibility criteria.

Lord Peter Cruddas, Founder and Chief Executive Officer of CMC Markets, said demand for proprietary trading programmes is growing rapidly and that the company had listened carefully to what traders want: greater trust, clearer rules, stronger technology and a more professional experience.

Benjamin Charbonneau CFA, Managing Director and Head of the CMC Funded programme, said it is clear that every customer account remains simulated and that rewards are paid based on performance in that environment.

The launch places CMC Markets into the fast-expanding retail prop trading space, though the group is positioning the offering as a talent-discovery and recruitment exercise rather than an extension of its regulated brokerage operations.