Exclusive: The5ers Founders Enter Brokerage Business with CySEC-Licensed Trade Set Go
Written by admin on December 4, 2025
The founders of The5ers, a major prop trading platform, have entered the contract for difference (CFD) brokerage space with the new brand Trade Set Go, which is regulated in Cyprus, FinanceMagnates.com has learned exclusively.
“This expansion of services represents a strategic evolution in our services,” Gil Ben Hur, founder of The5ers and Trade Set Go, told FinanceMagnates.com. “By combining the capital opportunities of The5ers with the Cysec regulated security of Trade Set Go, we have created a unified ecosystem. This allows us to offer end to end servicing for the retail market, ensuring that whether a trader is looking for leverage, funding, or independence, we provide the complete infrastructure for their success.”
“Built with the Same DNA, Spirit, and Standards” of The5ers
Gil Ben Hur, Founder of The5ers, speaking at an FMLS:25 panel
Despite the strong ties with the prop platform, the brokerage will operate separately. While the prop trading brand is based in Israel, the brokerage arm will be headquartered in Nicosia, Cyprus.
“We will not operate the prop and brokerage services under the same brand,” said Ben Hur.“It is not only a regulatory requirement; it also reflects our core management philosophy.”
However, Ben Hur stressed that although “the new brokerage isn’t technically under The5ers, it is absolutely being built with the same DNA, spirit, and standards that have defined our brand since day one.”
He also pointed out that the newly established broker will “not necessarily” be used to handle prop flows.
“The primary purpose of establishing a CySEC regulated broker is to expand the value proposition we offer to our global trading communities not to redirect or consolidate prop flows,” Ben Hur said.
“The5ers already works with a diverse array of liquidity providers and technology suppliers, and this network will remain intact. Maintaining variety and redundancy is important because it gives our prop clients stability, flexibility, and multiple execution channels. In that sense, the introduction of Trade Set Go does not replace or override our existing infrastructure.”
A Trade Set Go logo outside its Nicosia office
He further highlighted that The5ers is essentially a corporate-level client with its own supplier ties, work needs, and standards, while retail brokerage services work under a different framework designed for individual traders rather than institutional-style prop operations.
“It Is Increasingly Natural, and Even Inevitable”
Although prop trading has become a large industry, it remains unregulated. Ben Hur said that a regulated brokerage will provide The5ers’ community “with the safety, governance, and transparency they deserve.”
“It is increasingly natural, and even inevitable, for prop firms and brokers to sit side by side on the same shelf,” Ben Hur said, adding that the two models are “complementary” to each other. “For retail traders, the combination of these two models represents the next evolution in the trading landscape.”
And indeed, both brokers and prop firm operators have seen the benefits of the other side. Usually, brokers were the ones to add a prop trading unit, as brands like Hantec, Axi, IC Markets, ATFX and many others now run a separate prop trading venue. However, FTMO broke the trend by opening a brokerage unit and then acquiring OANDA, making it a two-way street.
For brokers, however, prop services are turning into a channel to convert traders to brokerage customers.
The5ers Founder, @Gil_BenHur and Biz-Dev Director Tomer Mann represented the Five Percent Group at FMLS:25 in London!
Gil spoke on the “State of the Prop 2026” panel – a highlight of a strong week for the group. pic.twitter.com/UjRrqsKymR
— The5ers (@the5erstrading) November 30, 2025
Although several other prop firms obtained offshore brokerage licences or registering themselves in brokerage license exempted jurisdictions, these were mainly to get a MetaTrader licence.
“We already see a clear trend: more and more brokers are exploring prop services and integrating prop style models into their offerings,” Ben Hur said. “And I believe this is only the beginning. Very soon, traders will expect not just appreciate the ability to consume both services within a unified ecosystem.”
“Looking ahead, I anticipate a wave of new hybrid prop models emerging: best of breed platforms that combine a safe, fully regulated trading environment with the educational, funding, and performance based advantages of prop trading.”
“Multiple Regulatory Applications Underway”
Interestingly, The5ers’ founders chose Cyprus to run the brokerage business when many other established broker brands were leaving the island. Several of them set up bases in Dubai, while others moved to offshore locations.
“Choosing CySEC was a natural decision for Trade Set Go,” Ben Hur said. “Despite the market trend of some brands, we deliberately chose to anchor our brokerage with one of the most prestigious and respected CFD regulators in Europe.”
“CySEC has a long standing global reputation for strong supervision, high compliance requirements, and robust investor protection standards and for us, this aligns perfectly with the message we send to our clients: we operate at the highest level of professionalism and transparency.”
At first, Trade Set Go will offer 300 CFD instruments across five major market groups: forex, equities, indices, cryptocurrencies, and commodities. It will offer trading on MetaTrader 5.
In line with the CySEC licence, Europe will be its main market in the early stages.
Read more: What Do Exness, IronFX, FXTM, and RoboMarkets Have in Common?
The new brokerage business of The5ers’ founders did not receive a fresh licence from CySEC; instead, they acquired GWTrade, another CFD broker licensed on the island. Notably, the launch of a new brand through acquisition is a common practice in the industry to cut down delays in getting a new licence.
However, the new Trade Set Go brokerage brand does not want to be limited to only the island, as it “already has multiple regulatory applications underway with additional jurisdictions.”
“Expanding our regulatory footprint will allow us to serve more traders worldwide with region specific compliance, better onboarding access, and a seamless experience for citizens across multiple geographies,” Ben Hur said.
“Our roadmap is clear:by 2026, our goal is to operate as a globally accessible brokerage, serving traders across multiple continents with fully compliant, region specific onboarding and support.”
The founders of The5ers, a major prop trading platform, have entered the contract for difference (CFD) brokerage space with the new brand Trade Set Go, which is regulated in Cyprus, FinanceMagnates.com has learned exclusively.
“This expansion of services represents a strategic evolution in our services,” Gil Ben Hur, founder of The5ers and Trade Set Go, told FinanceMagnates.com. “By combining the capital opportunities of The5ers with the Cysec regulated security of Trade Set Go, we have created a unified ecosystem. This allows us to offer end to end servicing for the retail market, ensuring that whether a trader is looking for leverage, funding, or independence, we provide the complete infrastructure for their success.”
“Built with the Same DNA, Spirit, and Standards” of The5ers
Gil Ben Hur, Founder of The5ers, speaking at an FMLS:25 panel
Despite the strong ties with the prop platform, the brokerage will operate separately. While the prop trading brand is based in Israel, the brokerage arm will be headquartered in Nicosia, Cyprus.
“We will not operate the prop and brokerage services under the same brand,” said Ben Hur.“It is not only a regulatory requirement; it also reflects our core management philosophy.”
However, Ben Hur stressed that although “the new brokerage isn’t technically under The5ers, it is absolutely being built with the same DNA, spirit, and standards that have defined our brand since day one.”
He also pointed out that the newly established broker will “not necessarily” be used to handle prop flows.
“The primary purpose of establishing a CySEC regulated broker is to expand the value proposition we offer to our global trading communities not to redirect or consolidate prop flows,” Ben Hur said.
“The5ers already works with a diverse array of liquidity providers and technology suppliers, and this network will remain intact. Maintaining variety and redundancy is important because it gives our prop clients stability, flexibility, and multiple execution channels. In that sense, the introduction of Trade Set Go does not replace or override our existing infrastructure.”
A Trade Set Go logo outside its Nicosia office
He further highlighted that The5ers is essentially a corporate-level client with its own supplier ties, work needs, and standards, while retail brokerage services work under a different framework designed for individual traders rather than institutional-style prop operations.
“It Is Increasingly Natural, and Even Inevitable”
Although prop trading has become a large industry, it remains unregulated. Ben Hur said that a regulated brokerage will provide The5ers’ community “with the safety, governance, and transparency they deserve.”
“It is increasingly natural, and even inevitable, for prop firms and brokers to sit side by side on the same shelf,” Ben Hur said, adding that the two models are “complementary” to each other. “For retail traders, the combination of these two models represents the next evolution in the trading landscape.”
And indeed, both brokers and prop firm operators have seen the benefits of the other side. Usually, brokers were the ones to add a prop trading unit, as brands like Hantec, Axi, IC Markets, ATFX and many others now run a separate prop trading venue. However, FTMO broke the trend by opening a brokerage unit and then acquiring OANDA, making it a two-way street.
For brokers, however, prop services are turning into a channel to convert traders to brokerage customers.
The5ers Founder, @Gil_BenHur and Biz-Dev Director Tomer Mann represented the Five Percent Group at FMLS:25 in London!
Gil spoke on the “State of the Prop 2026” panel – a highlight of a strong week for the group. pic.twitter.com/UjRrqsKymR
— The5ers (@the5erstrading) November 30, 2025
Although several other prop firms obtained offshore brokerage licences or registering themselves in brokerage license exempted jurisdictions, these were mainly to get a MetaTrader licence.
“We already see a clear trend: more and more brokers are exploring prop services and integrating prop style models into their offerings,” Ben Hur said. “And I believe this is only the beginning. Very soon, traders will expect not just appreciate the ability to consume both services within a unified ecosystem.”
“Looking ahead, I anticipate a wave of new hybrid prop models emerging: best of breed platforms that combine a safe, fully regulated trading environment with the educational, funding, and performance based advantages of prop trading.”
“Multiple Regulatory Applications Underway”
Interestingly, The5ers’ founders chose Cyprus to run the brokerage business when many other established broker brands were leaving the island. Several of them set up bases in Dubai, while others moved to offshore locations.
“Choosing CySEC was a natural decision for Trade Set Go,” Ben Hur said. “Despite the market trend of some brands, we deliberately chose to anchor our brokerage with one of the most prestigious and respected CFD regulators in Europe.”
“CySEC has a long standing global reputation for strong supervision, high compliance requirements, and robust investor protection standards and for us, this aligns perfectly with the message we send to our clients: we operate at the highest level of professionalism and transparency.”
At first, Trade Set Go will offer 300 CFD instruments across five major market groups: forex, equities, indices, cryptocurrencies, and commodities. It will offer trading on MetaTrader 5.
In line with the CySEC licence, Europe will be its main market in the early stages.
Read more: What Do Exness, IronFX, FXTM, and RoboMarkets Have in Common?
The new brokerage business of The5ers’ founders did not receive a fresh licence from CySEC; instead, they acquired GWTrade, another CFD broker licensed on the island. Notably, the launch of a new brand through acquisition is a common practice in the industry to cut down delays in getting a new licence.
However, the new Trade Set Go brokerage brand does not want to be limited to only the island, as it “already has multiple regulatory applications underway with additional jurisdictions.”
“Expanding our regulatory footprint will allow us to serve more traders worldwide with region specific compliance, better onboarding access, and a seamless experience for citizens across multiple geographies,” Ben Hur said.
“Our roadmap is clear:by 2026, our goal is to operate as a globally accessible brokerage, serving traders across multiple continents with fully compliant, region specific onboarding and support.”
