Propex was founded by Max Whitby in 2005. We started with three employees and eight traders within one office in Sydney. We quickly grew the team of traders, and after outgrowing numerous offices we settled on the 24th floor 66 Goulburn Street to accommodate our increase in traders and growing management team.

In 2007, we ran our first futures training program. Many of those first trainees continue with us to this day as successful, experienced traders. Over time, we have refined and perfected our training programs, which remain flexible enough to continually adapt to market changes and opportunities. 

In January 2012, we established a cash equities business, which is now very well established with traders in Sydney and the Gold Coast. As required, we will regularly bring our trainees into the equities business.

The evidence is in – at Propex, our future is bright, and we have realistic ambitions to grow further. From experience, we strongly believe that training talented, hard working and passionate graduates is our future.



What our Traders say about us:


"Strong backing, lots of support, encourages us to trade a variety of products."

"Great opportunity ,good workplace and experienced traders."

"Great place to work, pioneering in prop trading and support with infrastructure."

"Talented people working together. Comfortable working environment. Good trainers."

"I feel I have the tools I need to trade well, the backing of management, and I'm confident in Propex's solid financial position."

"Leading prop firm in Australia, with ability to grow and nurture traders to the top."

"Ideal place to start if you want to be a trader."

"No BS office culture. Good support for traders."

"The freedom to work from home, ability to trade 24hrs with risk management in place throughout."

"Good place to start your trading career. You get the best support and trading facilities in the industry here."

"I value my work colleagues, the trading itself, and the laid back culture. Plus, unlike many firms, there's a great work life balance here."

  • 1991

    LQUAY. 1995 - 2005

    LQUAY Futures Brokers – The first of its kind in Australia offering specialist broking services to high net worth clients known as locals.
  • 2005

    Propex Established

    Max Whitby sells LQUAY broking and clearing business to ABN Amro and establishes a new proprietary trading business in Propex Derivatives – the first of its kind in Australia
  • 2007

    Propex Training Program Established

    Matt and Max establish the Propex Training program with the first 6 trainees and a trainer. The highly successful program will go on to train 350 trainees with the aid of 7 different trainers.
  • 2008

    50 Traders

    Propex reaches 50 Traders.
  • 2008

    ABN Amro

    Establish clearing relationship with ABN Amro. First prop client for ABN.
  • 2010


    The company is moved to new premises on Hyde Park to accommodate training and trading expansion.
  • 2011

    Singapore office opens

    Singapore office is opened headed by our partner in the Singapore operation Keiran Horth
  • 2011

    Gold Coast opens

    Gold Coast office is opened and headed by Dave Negrine
  • 2011

    100 Traders

    Propex reaches 100 Traders
  • 2012

    Equities Trading begins

    Propex starts the Equities Trading arm of the business
  • 2012

    Sporting Legends

    Domain CBD office soccer competition – Champions 2012
  • 2013

    Propex continues to grow

    Propex reaches 150 traders
  • 2014

    OTC Currencies

    We began trading OTC currencies.
  • 2015

    Singapore Grows

    Singapore office hits 50 traders

We don't stop there.

Propex also has traders in these places.


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