Prop Firms Restrict Gold Trading as Surging Prices Challenge Payout Models

Rising Concerns Over Gold Trading Restrictions in Prop Firms

Philip H. van den Berg, the co-founder and CEO of Rhodium FX, recently highlighted a significant and growing issue within the retail proprietary trading sector: an increasing number of prop firms are now prohibiting gold trading. In a conversation on the Thentick podcast, van den Berg explained that the unprecedented surge in gold prices has led to a scenario the industry was unprepared for—retail traders are achieving consistent profits. This shift is challenging the financial models of many prop firms, which are struggling to sustain these payouts. The situation underscores a mounting tension that has been developing for some time as gold continues to reach new highs.