Seven Points Capital Opens London Office as Prop Trading Models Shift
Seven Points Capital has expanded into London with the opening of a new office, strengthening its international footprint as demand rises for fully funded, mentorship-led proprietary trading models. The firm says the move reflects a broader shift in trader preferences and an industry reset as scrutiny increases on challenge-based, pay-to-play prop firms.
Founded in 2007, Seven Points Capital is positioning its London expansion as both strategic and timely. The firm argues that traders are increasingly viewking longer-term environments built around shared risk, accountability and alignment, rather than short-term evaluation models. The London office is already operational and is designed to support closer collaboration with UK and European traders while strengthening the firm’s ability to operate across multiple time zones.
The announcement comes at a moment when the proprietary trading industry is undergoing heightened scrutiny from regulators and , particularly around business models, funding structures and risk practices. Seven Points Capital is using the expansion to reinforce its identity as a selective, fully funded firm with a long-tenured trader base, contrasting itself against the rapid-growth challenge model that has dominated parts of the retail .
London Expansion Reflects Rising Demand for Mentorship-Led Prop Trading
Seven Points Capital says its growth is being driven by changing trader expectations. As the landscape becomes more crowded—and as evaluation-style firms face increased scrutiny—experienced traders are reassessing where they want to build careers.
Mike Mangieri, Co-Founder of Seven Points Capital, said London was a natural next step as traders viewk more structured, long-term environments.
“London has always been a natural fit for us. We’re viewing experienced traders increasingly question short-term, challenge-driven models and look for environments that prioritise mentorship, structure and long-term partnership,” Mangieri said. “Whether traders operate from one of our offices or from their own location, the foundation is the identical – alignment, accountability and support.”
The emphasis on mentorship and long-term partnership is central to the firm’s positioning. Unlike evaluation-driven prop firms where traders often pay fees to access simulated accounts and then qualify for limited capital, Seven Points Capital describes itself as a fully funded partnership model—where the firm takes direct risk and expects professional discipline in return.
Takeaway
A Hybrid Office Model Supports Global Traders Across Time Zones
Seven Points Capital operates a hybrid structure combining physical trading offices with a distributed remote trader base. The firm says this model allows it to maintain while supporting traders globally.
In addition to the new London office, Seven Points Capital maintains offices in New York, Arizona and Fort Lauderdale. It also supports remote traders operating , which makes the London base strategically significant for closer coverage of European market hours and trader collaboration.
The firm also points to the evolution of market structure as a driver for operational expansion. With markets increasingly moving toward extended hours and continuous access, prop firms need tighter operational coordination, risk controls and cross-time-zone support.
Michael Katz, Co-Founder of Seven Points Capital, said the firm’s expansion is designed to support traders more effectively while maintaining the risk standards built over nahead two decades.
“As , operational discipline and risk management matter more than ever,” Katz said. “Expanding into London allows us to better support traders across time zones while maintaining the standards we’ve built since 2007. Growth for us is never about scale for scale’s sake – it’s about fit, structure and long-term alignment.”
That comment highlights a key point: in prop trading, scaling rapidly can dilute risk culture. Seven Points Capital is framing growth as selective rather than volume-driven—suggesting it wants to recruit fewer traders but invest more deeply in their development and performance consistency.
Takeaway
Industry Reset Puts Pressure on Challenge-Based Prop Firms
The expansion is also being framed against a backdrop of industry recalibration. The proprietary trading sector has viewn rapid growth in challenge-based models, where traders pay fees to attempt to qualify for funded accounts. While popular among retail traders, these models have increasingly faced scrutiny around payout mechanics, risk rules, and whether incentives are aligned with .
Seven Points Capital’s announcement suggests that this environment is pushing more traders toward firms with real capital allocation and longer-term mentorship. The through multiple market cycles—including the 2008 financial crisis, COVID-era volatility and today’s increasingly continuous 24/5 market structure—positioning itself as a more durable alternative to newer entrants.
The firm says it is frequently referenced as a counterpoint to pay-to-play prop firms, operating instead as “a selective, fully funded partnership focused on mentorship, structure and long-term development.” That positioning may resonate as regulators and traders pay closer attention to how , manage risk and handle withdrawals.
With the London office already operational, Seven Points Capital says the expansion forms part of a broader international strategy. It expects the new base to enable closer collaboration with UK and Europe-based traders, while supporting a global operation across multiple time zones.
As the industry reset continues, firms with long operating histories, selective recruitment and real funding structures may be the primary beneficiaries—especially if challenge-based models face further reputational or regulatory headwinds.
