RegTech firm Muinmos and broker tech solutions provider Brokeree Solutions have announced that they have partnered to bring more stability and legitimacy to prop trading for regulated brokers.

The two firms will be leveraging their combined offering for clients, enabling FX brokers to have a legitimate prop trading offering, with account management and risk mitigation controls through Brokeree’s Prop Pulse technology, and ensuring compliance through Muinmos’ client onboarding platform.

Remonda Kirketerp-Møller, Founder & CEO, Muinmos:

“The conversation around prop trading is highly negative these days, but for regulated brokers who have the right controls and risk management in place, prop trading presents an excellent opportunity for an additional revenue stream. We have joined forces with Brokeree to help regulated brokers provide a trustworthy prop trading offering and jointly combat negative practices in this sector. Our combined offering enables the firms to offer a compliant and at the same time competitive prop trading option.

Brokeree and Muinmos both have a strong client base of regulated brokers, and we both share the same ethos –  we are advocates of compliant trading, and denouncers of bad actors in the industry. We both believe in working with regulators to ensure that the right controls are in place without limiting legitimate financial activities. We believe there’s a real opportunity here for brokers and want to jointly support them to embrace prop trading appropriately.”

Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions:

“We are very aware that many regulated brokers are concerned that their reputation will be tarnished if they offer prop trading. With Muinmos’ compliance expertise and Brokeree’s account management system for prop trading firms, regulated brokers can be reassured that they will have a robust offering to enable them to thrive now and as regulation is inevitably introduced.”

About Brokeree Solutions

Brokeree Solutions, established in 2013 in Tallinn, Estonia, is a leading technology provider for brokers renowned for their flagship Social Trading and PAMM investment systems. With a decade of experience, Brokeree Solutions offers a comprehensive range of innovative products and services that empower brokers and financial institutions to enhance their trading operations and deliver superior client experiences. The latest addition to Brokeree’s suite of turnkey technology is Prop Pulse – an account management solution for prop trading and trader funding firms which empowers brokerages to enter the world of proprietary trading.

About Muinmos

Founded in 2012, Muinmos has revolutionised client onboarding with its pioneering platform, which is the only solution in the market that offers TRUE STP. Muinmos’ solution does so by automating the entire onboarding chain, incorporating in one smooth process not only traditional KYC / KYB checks, but also Regulatory Classification and CRA. The Muinmos formula is simple:

Regulatory Classification (Client classification, Suitability, Appropriateness) + KYC (IDV, Liveness, Source Verification, POR, PEPs, Sanctions, Adverse Media etc.) + KYB (Corporate Data, UBOs etc.) + CRA (Client Risk Assessment) = TRUE STP (Straight Through Process)

With Muinmos’ solution, which includes both a client-facing interface complete with a client journey and a backend tool already connected to countless data-sources, firms can fully onboard any client, corporate or individual, in minutes.

The Muinmos Platform, which is ISO 27001:2022 certified and GDPR compliant, also holds client data, performs ongoing monitoring (pKYC), and helps firms onboard more clients while improving compliance.