Nearly two weeks after migrating its services fromMetaTrader to Match-Trader, Funding Pips has started targeting US traders again.According to a post on X (formerly Twitter), the proprietary trading platform has urged traders from the US to "stay tuned for a major comeback."
Recently, Funding Pips announced thatMetaQuotes had ended its collaboration with the proprietary trading firm due toits services to US traders. Subsequently, Funding Pips' CEO, Khaled Ayesh, confirmed that the firm hadcompletely migrated the existing servers and switched the service provider toMatch-Trade Technologies, the operator of the Match-Trader platform.
— FundingPips (@fundingpips) March 1, 2024Hi 👋#Fundingpips missed you 🇺🇸
⬇️⬇️⬇️⬇️
Get Funded Now!!https://t.co/pOUJRPqDnI #fundingpips pic.twitter.com/AbLApKqZcX
Thus, Funding Pips completed its migration fromMetaTrader to Match-Trader, a process that was spearheaded by the company's CEO. Moreover, the firm plans to integrate alternative platforms like Dxtrade, cTrader, and TradeLocker.
Funding Pips attributed the disruption of itsservices on February 14 to an unexpected maintenance. This resulted from itsbrokerage partner, Blackbull Markets, terminating its partnership due toMetaQuotes' directives.
— Khaled (@Khldfx) February 14, 2024Hello, community and friends,
From day one, we have been completely transparent with each and every one of you. We have always adhered to our promises and commitments, unlike many others, and will continue to do so.
Today, MetaQuotes decided to abruptly halt services, due to…
MetaQuotes' stringent licensing policies forproprietary trading firms compelled Blackbull Markets to sever ties.This step reflected a broader trend of regulatory scrutiny andlicensing restrictions within the proprietary trading sector. While US regulations pose challenges, proprietary tradingfirms operate outside traditional oversight.
MetaQuotes' decision resulted from licensing issuesexperienced by proprietary trading companies offering services to US-based clients.Without authorization, many firms resorted to unconventional methods, such asusing third-party licenses. This was a commonpractice until MetaQuotes intervened, halting the grey-labeling process andeven affecting industry giants like FTMO, Finance Magnates reported.
Dynamics Reshaping the Prop Trading Industry
MetaQuotes' sudden withdrawal of support sentshockwaves through the industry, casting uncertainty over the future ofproprietary trading firms. This decision disrupted operations and raiseda concern about compliance and sustainability.
Currently, the situation remains dynamic, with dailydevelopments shaping the proprietary trading landscape. Many firms are grapplingwith the aftermath, either ceasing operations or scrambling to find alternativesolutions. At Finance Magnates, we have consolidated a live table to track thechanges by major proprietary trading companies.
Nearly two weeks after migrating its services fromMetaTrader to Match-Trader, Funding Pips has started targeting US traders again.According to a post on X (formerly Twitter), the proprietary trading platform has urged traders from the US to "stay tuned for a major comeback."
Recently, Funding Pips announced thatMetaQuotes had ended its collaboration with the proprietary trading firm due toits services to US traders. Subsequently, Funding Pips' CEO, Khaled Ayesh, confirmed that the firm hadcompletely migrated the existing servers and switched the service provider toMatch-Trade Technologies, the operator of the Match-Trader platform.
— FundingPips (@fundingpips) March 1, 2024Hi 👋#Fundingpips missed you 🇺🇸
⬇️⬇️⬇️⬇️
Get Funded Now!!https://t.co/pOUJRPqDnI #fundingpips pic.twitter.com/AbLApKqZcX
Thus, Funding Pips completed its migration fromMetaTrader to Match-Trader, a process that was spearheaded by the company's CEO. Moreover, the firm plans to integrate alternative platforms like Dxtrade, cTrader, and TradeLocker.
Funding Pips attributed the disruption of itsservices on February 14 to an unexpected maintenance. This resulted from itsbrokerage partner, Blackbull Markets, terminating its partnership due toMetaQuotes' directives.
— Khaled (@Khldfx) February 14, 2024Hello, community and friends,
From day one, we have been completely transparent with each and every one of you. We have always adhered to our promises and commitments, unlike many others, and will continue to do so.
Today, MetaQuotes decided to abruptly halt services, due to…
MetaQuotes' stringent licensing policies forproprietary trading firms compelled Blackbull Markets to sever ties.This step reflected a broader trend of regulatory scrutiny andlicensing restrictions within the proprietary trading sector. While US regulations pose challenges, proprietary tradingfirms operate outside traditional oversight.
MetaQuotes' decision resulted from licensing issuesexperienced by proprietary trading companies offering services to US-based clients.Without authorization, many firms resorted to unconventional methods, such asusing third-party licenses. This was a commonpractice until MetaQuotes intervened, halting the grey-labeling process andeven affecting industry giants like FTMO, Finance Magnates reported.
Dynamics Reshaping the Prop Trading Industry
MetaQuotes' sudden withdrawal of support sentshockwaves through the industry, casting uncertainty over the future ofproprietary trading firms. This decision disrupted operations and raiseda concern about compliance and sustainability.
Currently, the situation remains dynamic, with dailydevelopments shaping the proprietary trading landscape. Many firms are grapplingwith the aftermath, either ceasing operations or scrambling to find alternativesolutions. At Finance Magnates, we have consolidated a live table to track thechanges by major proprietary trading companies.
