The5ers Co-Founder Becomes CEO of FundYourFX Prop Firm

The proprietary trading industry is seeing big changes, with one of the most recent being the appointment of Snir Ahiel as the new Chief Executive Officer (CEO) of FundYourFX, a Hong Kong-based prop trading firm. Ahiel brings years of experience to the role, having co-founded The5ers, a well-known name in the prop trading world. His leadership comes at a time when FundYourFX is expanding its services to include trading challenges in addition to its instant funding model.

Who Is Snir Ahiel?

Snir Ahiel is a recognized leader in the prop trading industry. During his six years as Chief Operating Officer (COO) at The5ers, he focused on improving operations, building strategies, and creating a strong community for traders. His work helped make The5ers a respected firm with a solid reputation among retail traders.

At FundYourFX, Ahiel will bring his knowledge and experience to guide the company as it adapts to changes in the industry and expands its services.

FundYourFX Adds New Trading Opportunities

FundYourFX is known for offering instant funding, which allows traders to start managing real accounts without completing lengthy evaluations. However, the company is now adding trading challenges to its services. This model tests traders’ skills and strategies before providing them with funded accounts, and it’s become increasingly popular in the prop trading world.

This change is a sign that FundYourFX is looking to grow and meet the needs of a broader range of traders. Ahiel’s leadership could play a key role in making this transition successful.

Big Changes Across the Industry

Ahiel’s new role comes at a time when other prop trading firms are also seeing leadership changes. For example, TradersYard recently announced Manuel Sonnleithner as its new president. Moves like these are important for smaller firms trying to stay competitive in an industry that’s facing tough challenges.

This year alone, over 50 prop firms have shut down. Ascetic Capital, for example, lasted only a week in the market before closing, while Funded Nation paused operations to update its platform, leaving some traders frustrated with delays in withdrawing funds. Smart Prop Trader is also closing by the end of the year, though it has hinted at a possible return with new offerings.

What’s Next for FundYourFX?

Ahiel shared his excitement about his new role as CEO of FundYourFX on LinkedIn last week. His appointment marks a new chapter for the company as it expands its services and adapts to the rapidly changing prop trading industry.