Yes I know it is about US Equity and not FX so are they regulated as a broker dealer? is it first loss type of funding? do you have to put funds in? and do you have to have passed SEC exams?
I know they have multiple companies to onboard traders from different areas so not sure for US traders, I think it’s a hedge fund but not sure if it’s a registered BD, you would need to check with them. I know for non-US traders like me, they onboard through an offshore BD but also sign against a Canadian company for added capital security. I was worried at the start because I’d had some money stolen by another company before but they’ve been amazing with flexibility of capital, not 1 payout has been late, I’ve been able to request a payout whenever I want on top of the automatic monthly payout, they let me keep the 1st loss money in escrow so it’s safe. I know they offer both a first loss model or fully funded depending on experience, I was offered both at the start but chose first loss to get a better payout. No SEC licensing is needed but again, this could all be different for US traders.