Spotware Launches cAntifraud, a Shared Fraud Alert Network at $999 a Month

Spotware Systems launched a fraud detection network on Wednesday that pools anonymized data from brokers and prop trading firms, priced at $999 a month with an early-adopter rate of $250 for firms joining before December 31, locked for 12 months. The Cyprus-based developer of cTrader claims the service, cAntifraud, keeps fraud below 0.08% of turnover and flags suspicious activity within 15 minutes. Those figures come from the company; no third party has verified them.

Why a shared network?

The product answers a structural problem for risk desks: abuse that spans multiple firms is invisible to any single one. In March 2025, prop firm PipFarm said it had infiltrated a group of roughly 800 traders who took opposite positions at different prop firms to lock in profits regardless of market direction. The losses can be outsized. Ruben Abitbol, former head of trading and risk at The5ers, said last year that fewer than 1% of traders can bankrupt a prop firm that fails to identify them.

Pavel Demin, general manager of cAntifraud at Spotware, framed the gap plainly. "Trading abuse doesn't stop at the boundaries of a single firm," he said, noting that a risk team usually sees only what happens inside its own firm. When one member flags a trader as a threat, every member firm receives a warning.

What does the service actually check?

• Onboarding controls, starting with initial KYC
• Execution timing once the client trades
• Links between accounts and coordinated activity across firms

Member firms exchange that data in encrypted, anonymized form, and each sees only its own records, according to the company. For brokers, the target list includes introducing broker commission abuse, latency arbitrage, multi-accounting, cross-broker hedging and bonus exploitation. For prop firms, it covers challenge farming, external hedging and breaches of trading rules.

One boundary matters: cAntifraud does not block traders or decide on payouts. Risk teams receive the evidence and act on it themselves. Match-Prime took a similar stance with its HawkEye system, which reroutes toxic flow to separate liquidity pools rather than closing accounts. Spotware has not disclosed how it validates the accuracy of member flags — a shared network concentrates false positives as readily as real ones.

Who else is in this space?

The nearest model is Centroid Solutions' PropShield, a shared network launched in June 2025 in which prop firms pool anonymized trader data. Spotware's version differs on one axis: it puts brokers and prop firms in the same network, not separate ones.

Where does it run?

The service connects to MT5 and other platforms through an API, and it can run alone or alongside cBridge, Spotware's liquidity bridge launched in March and billed by servers and connections rather than trading volume. That cross-platform reach matters commercially. cTrader drew about 574,000 organic visits in the third quarter of 2026 against 3.5 million for MT5, FM Intelligence's platform comparison shows — an MT5 audience roughly six times larger.

A third launch this year

cAntifraud is the third business Spotware has added alongside cTrader in 2026, by FinanceMagnates.com's count. In September it added cFinancial, an institutional liquidity business licensed in Seychelles. The core platform has been growing too: cTrader signed 104 new broker and prop firm clients in 2025, the company said in January.

The open questions are the ones Spotware did not answer: how many firms have joined so far, what happens to a trader wrongly flagged across the network, and whether the 0.08% fraud figure reflects results or a target. Adoption before the December 31 pricing deadline will be the first test of whether brokers will share risk data with their prop-firm counterparts in practice.