Is PropExecutor a broker?

The difference matters for both firms and traders.

What a broker does

A broker holds client money, executes client orders in a market or against its own book, and is normally licensed by a financial regulator to do so.

What PropExecutor does

• Receives a live price feed from cTrader.
• Fills simulated orders at those prices, using the bid and ask.
• Calculates profit, loss, margin and equity.
• Applies the firm's rules to each account.

No order leaves the platform, and no trader money is held in a trading account.

Why this design helps firms

Evaluation businesses usually avoid holding client funds or routing trades, because those activities typically require financial licences. Running on a pure simulator keeps the platform side of the business clearly in the evaluation category. The firm's own legal position still depends on its structure, markets and marketing, which it should confirm with a lawyer.

Can a firm still trade for real?

Some firms copy their best funded traders into a real brokerage account to hedge payouts. That is done with separate brokerage and trade-copying tools; PropExecutor's account reports can be used to choose which traders to copy, but PropExecutor itself never routes orders.