Forex Prop Trading Firm “AuraXtail” On Their Mission For Regulation

AuraXtail Lights The Spark

Oxtail Holdings Ltd Founder and CEO Samuel Katallah and his proprietary trading firm “AuraXtail”, is pushing a regulatory framework for the prop industry. This model combines both CPAB and CPA auditing firms, escrow management, and an interest in enforcement from the Alberta Securities Commission. Through its proprietary trading brand AuraXtail and fintech division Aura X, the Canadian firm is pushing the limits for concepts to regulators and institutions across the globe.

Trading Environment

Unlike traditional prop trading models, where firms act as a counterparty to traders by profiting off their losses, AuraXtail’s approach eliminates conflicts of interest among its traders.

This transparency is further reinforced by audits conducted by CPAB-regulated firms, which are made publicly accessible to traders. Additionally, the prop firm “AuraXtail” will utilize reputable Canadian law firms as escrow between traders and their firm. The appointed law firms will be responsible for managing evaluation fees, margin placements, and general cash accounts to ensure funds are handled securely and transparently. On top of these regulatory introductions, Aura X has developed its first fintech related venture with an AI-based protection software that prevents traders and firms from engaging in fraud or manipulation, creating a safer and more ethical trading environment.

Commitment

Despite being in an industry often criticized for its lack of oversight, they have positioned themselves in a regulatory light. AuraXtail with its dedication to audits and adherence to regulatory frameworks ensures that its operations remain transparent and compliant. Aiming for a regulated trading environment with the Alberta Securities Commission (ASC) further magnifies its proactive approach to aligning with the highest standards of financial governance, and protecting traders purchasing evaluations at the firm.

Trader Liquidations

Another standout innovation from AuraXtail is the Aura X Debit Card, which provides traders with a real-time liquidity solution. Powered by Aura X’s technology, it’s a testament to the firm’s commitment for simplifying and enhancing the prop trading experience.

Beyond Forex

While forex trading remains at the center of its operations, AuraXtail has set its sights on diversifying into all major markets. This future expansion plan aligns with the firm’s vision of becoming a comprehensive platform that caters to a wide array of trading opportunities. Additionally, it opens avenues for external investors to utilize proven trading strategies by funded traders at AuraXtail, potentially broadening the firm’s reach into asset management.

Fair Growth

AuraXtail is quickly becoming a subject of discussion in the forex world. With its movement toward ethical and regulated financial practices in the prop industry, which has yet to be established by regulators. By enforcing governance and trader-centric policies, the firm is setting a boundary for what other proprietary trading firms and regulators can potentially discuss remodeling into.