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

AuraXtail Lights The Spark

AuraXtail, founded by Samuel Katallah, operated under Oxtail Holdings, has outlined its first steps toward exploring a more accountable model for proprietary trading firms. While the industry remains largely unregulated, their founder has brought up topics on how governance and transparency could be better integrated into the prop trading industry.

Building Toward Stronger Oversight

AuraXtail has publicly shared plans to engage Canadian auditors for independent financial reviews, with the goal of validating how trader evaluation fees are managed and allocated toward operational costs and live trading exposure. These audits, when available, are expected to give traders better visibility into the firm’s business model and trading practices.

The company has also proposed adding external oversight to help manage and verify trader payouts, something it describes as an important step in reducing disputes and improving trust. While still in development, these measures are positioned as part of AuraXtail’s broader efforts to address gaps in the prop trading industry.

Commitment to Better Practices

AuraXtail’s leadership says it is committed to working toward higher operational standards, including potential consultations with Canadian regulators. The company has stated that it views this as a long term effort and does not expect immediate regulatory outcomes but sees value in beginning the conversation.

Improving the Trader Experience

In addition to its governance efforts, AuraXtail is also developing new payment infrastructure. While details remain limited, the company has mentioned plans to introduce an entire new gateway for traders seeking instant access to their funds.

Looking Ahead

For now, AuraXtail’s remains a firm to watch closely with hopes of encouraging more firms to prioritize transparency and trader protections.