Vladimir Rybakov
Author
Snir Ahiel
Fact Checker
Pipcy is an official partner and exhibitor at FX.world 2026, the fintech and forex summit running from 2 to 5 November at Fiera Roma in Rome, and Pipcy's Head of Risk and Consulting, Snir Ahiel, joins the prop trading panel on the Global Finance Stage on 4 November. The event brings together 30,000 delegates, 1,000 exhibitors and 300 speakers.
FX.world is the forex and fintech arm of SiGMA World, the group behind the SiGMA, AIBC and Affiliate Grand Slam summits, and its Rome edition is billed as the largest fintech event of the year. Brokers, liquidity providers, payment companies, affiliates and prop firms share four days of exhibition floor and three days of conference. Pipcy is there as one of twelve official partners and as an exhibitor, and as a prop trading firm whose evaluations are built on risk rules, it is on stage for the session that asks the industry's current question: where prop trading goes next, and what regulation means for it.
This page covers what happened at FX.world so far, what the partnership involves, who Pipcy is alongside, what the prop trading panel covers, and what any of it means if you trade a funded account. The first section is dated and will be updated as the event continues.
FX.world 2026 opened on 2 November at Fiera Roma. The FX.world Awards took place on 3 November at Corsie Sistine, where The5ers won Best Prop Trading Firm and Alexandros Patsalides of GTC Prime received the Lifetime Achievement Award. On 4 November, Snir Ahiel of Pipcy speaks on the prop trading roadmap panel at 12:25 on the Global Finance Stage.
The conference programme runs from 3 to 5 November in Hall 8. Day one opened with a session on commercial growth in finance, followed by a panel on AI-driven trading in which speakers disagreed over how much control to hand to algorithms, and a keynote by the futurist Brett King on autonomous banking. The awards followed in the evening, with a charity auction for the SiGMA Foundation.
Day two, 4 November, is the "Fintech in Transition" block. A keynote by Tomer Mann of The5ers on prop firms becoming a core part of the trading ecosystem runs at 12:10, and the prop trading panel with Snir Ahiel follows at 12:25, ahead of a session on liquidity in stressed markets and a broker technology panel. The afternoon turns to affiliate deal structures and AI search.
This section will be updated with the panel's main points after the session.
Pipcy is one of twelve official partners and sponsors of FX.world 2026, alongside B2Broker, GTC Prime, ATFX, XM, Libertex, Avora Markets, Finery Markets, iFixAi, TradeSetGo, Voxcall and PaiaFinance, and one of more than a hundred exhibitors on the Fiera Roma floor. The partnership puts the firm in front of the brokers, technology providers and traders it works with.
For a prop firm, FX.world is where the pieces of the business meet in one place. The liquidity providers and platform vendors whose technology sits behind an evaluation account are exhibiting a few stands away. The affiliates and introducing brokers who send traders to challenges are in the same hall. The regulators' thinking, which does not yet have a dedicated framework for prop trading, is being discussed on stage.
Pipcy's presence has three parts. The partnership itself, with the firm's branding across the event. A stand on the exhibition floor, where the team is meeting traders, partners and the press through to 5 November. And a seat on the conference programme, which is the part this page returns to below.
The event sits inside the broader SiGMA World gathering in Rome, which is why the awards night combined the AIBC and FX.world awards and why the Fiera Roma floor plan spans gaming, affiliate and fintech halls.
FX.world lists more than a hundred FX and fintech exhibitors and over fifty payments and exchange exhibitors. Brokers include XM, Libertex, Plus500, eToro, AvaTrade, Swissquote, TMGM and CMC Markets; prop firms on the floor include The5ers, GOAT Funded, PropAccount, YourPropFirm, Match-Prop and Fundedverse; liquidity and platform providers include LMAX, Finalto, Devexperts, Match-Trader, Leverate and Brokeree Solutions, among many others.
The prop trading presence is the part worth noting. A year or two ago, prop firms were a sideline at broker conferences. In Rome they have their own keynote, their own panel, their own awards category and a cluster of stands, and the agenda's framing of the panel as "Are Prop Firms the Next Regulatory Target?" is a sign of how seriously the rest of the industry now takes the model. Our guide to prop trading covers how the retail funded-account model grew out of the institutional one.
The Best Prop Trading Firm award went to The5ers, from a shortlist of Match-Prop, The5ers, GOAT Funded Trader, YourPropFirm and PropAccount. Snir Ahiel, who speaks for Pipcy on 4 November, is a former co-founder of The5ers, which gives him a view of the sector from both its longest-established firm and one of its newer ones.
"The Prop Trading Firms Roadmap: Tech, Growth and Cross-Border Challenges" runs on 4 November at 12:25 on the Global Finance Stage; its stated question is whether prop firms are the next regulatory target. Snir Ahiel of Pipcy joins Ruben Abitbol (RUBIK), Gil Ben Hur (5% Group), Lubomir Marasi (Axcera), Serhii Poplavskyi (Match-Prop) and Sam Bradbury (Quant Technology Group).
The agenda's own description sets the scope: the proprietary trading industry has grown quickly on retail demand, online platforms and challenge-based models, and as firms expand across borders, regulatory scrutiny and risk are becoming the factors that shape the sector's future. The panel brings together a technology vendor, a platform provider, a consultancy, a growth-stage firm and two risk specialists to work through what that means in practice.
Snir Ahiel's part of that conversation is risk. He has spent more than fifteen years trading forex, stocks and options, co-founded The5ers, and now leads risk and consulting at Pipcy, where the evaluation rules, the static 12% maximum loss, the absence of a daily drawdown, the fixed-lot design of the Pips Mastery challenge, are the product. The questions he is positioned to answer are the ones a funded trader cares about: how a firm sets limits that are fair to the trader and sustainable for the firm, what a regulator would look for if it looked at a prop firm's rulebook, and how a firm operating across many countries keeps its rules consistent.
The FXStreet press release announcing the programme on 27 October named Ahiel and Bradbury as the panellists who would close the discussion.
For a trader on a funded account, three things at FX.world matter. The prop firm model is now treated as part of the industry's core, which brings scrutiny and, in time, standards. The rules a firm sets are the product, and firms are being asked to defend them in public. And the technology behind evaluations is converging, narrowing the gaps.
Scrutiny is coming, and that is good for traders. The panel's question, whether prop firms are the next regulatory target, is one the industry is asking of itself. Prop firms are not currently regulated as brokers are, and Pipcy says so on its own FAQ. A sector that discusses its own regulation on stage is one that expects to be held to a standard, and the firms with rules they can defend will do well out of that. Our guide to whether prop firms are legit covers what to check now, before any framework arrives.
Rules are the product. Every firm on the Rome floor sells a version of the same thing: a profit target, a loss limit and a set of conditions. The differences between them are the rules, which is why Pipcy publishes its trading conditions down to the leverage and commission per instrument, and why our guide to prop firm evaluation rules exists. A trader choosing a firm should read the rulebook the way a panel of risk specialists would.
The technology is converging. The platform, liquidity and risk-management vendors exhibiting in Rome supply most of the prop firms there. As that infrastructure standardises, the trading conditions across firms get closer, and the remaining differences, loss-limit design, time limits, consistency rules and payout terms, become the whole decision. Our guide to how prop firm payouts work covers the last of those.
For a Pipcy trader specifically, nothing about the evaluations changes this week. Pipcy Classic and Pips Mastery run on the same rules in Rome as anywhere else. What the week does is put the firm's head of risk in front of the industry to explain why those rules are set the way they are.
FX.world is the forex and fintech summit of the SiGMA World group, which also runs the SiGMA and AIBC events. The 2026 edition runs from 2 to 5 November at Fiera Roma in Rome, with an exhibition floor, a conference on the Global Finance Stage and an awards night, for brokers, payment firms, affiliates and prop firms.
Yes. Pipcy is one of twelve official partners and sponsors of FX.world 2026, listed alongside B2Broker, GTC Prime, ATFX, XM, Libertex, Avora Markets, Finery Markets, iFixAi, TradeSetGo, Voxcall and PaiaFinance, and it is also an exhibitor on the Fiera Roma floor. Pipcy's Head of Risk and Consulting, Snir Ahiel, is a speaker on the conference programme in Rome.
Snir Ahiel speaks on "The Prop Trading Firms Roadmap: Tech, Growth and Cross-Border Challenges" on Wednesday 4 November 2026 at 12:25 Rome time, on the Global Finance Stage in Hall 8 of Fiera Roma. The panel follows a 12:10 keynote by Tomer Mann of The5ers on prop firms as part of the trading ecosystem. The programme is subject to change.
The5ers won Best Prop Trading Firm at the FX.world Awards on 3 November 2026 at Corsie Sistine in Rome, from a shortlist of Match-Prop, The5ers, GOAT Funded Trader, YourPropFirm and PropAccount. Other winners included IC Markets for Best Multi-Asset Forex Broker, AvoraMarkets for Fastest Growing FX Broker, LMAX for Best Liquidity Provider and XM for Best Affiliate Program.
Not as brokers are. Proprietary trading firms that offer simulated evaluations fall outside any dedicated regulatory framework in most jurisdictions, and Pipcy states on its own site that it is unregulated by authorities such as the FCA, ASIC or CySEC. The FX.world panel's framing question, whether prop firms are the next regulatory target, shows how actively that is now discussed.
No. Pipcy Classic and Pips Mastery run on the same published rules during and after the event: a static 12% maximum loss or 250-pip limit, no daily drawdown, no time limit and news trading permitted on every route. The event puts Pipcy's head of risk in front of the industry to explain those rules; the rules themselves stay as published.
Pipcy is an official partner and exhibitor at FX.world 2026 in Rome, and its head of risk and consulting is on the prop trading panel that asks whether prop firms are the next regulatory target. For traders, what the week signals matters more than the branding: prop trading is now treated as part of the industry's core, its rules are being defended in public, and the firms whose rulebooks hold up to that scrutiny are the ones worth trading with. Pipcy's evaluations run on the same rules this week as every other week; the difference is that the person who set them is explaining why, on stage, to the rest of the industry.
Written by Vladimir Rybakov, Head of PIPCY Academy, CFTe-certified with 19 years of trading experience.
Fact-checked by Snir Ahiel, former co-founder of The5ers and risk management specialist at Pipcy, with 15+ years trading Forex, Stocks, and Options.
Risk disclosure: Trading involves substantial risk. Pipcy provides simulated trading evaluations for educational and assessment purposes. Simulated performance does not represent real trading results, and becoming a funded trader is not guaranteed. Nothing here is financial or investment advice.
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