Nearly two weeks after migrating its services from
MetaTrader to Match-Trader, Funding Pips is targeting US traders again.
According to a post on X (formerly Twitter), the proprietary trading platform
urged traders from the US to “stay tuned for a major comeback.”
Recently, after Funding Pips announced that
MetaQuotes had ended its collaboration with a proprietary trading firm due to
its services to the US trader, Funding Pips’ CEO confirmed that the firm had
completely migrated the existing services and switched the service provider to
Match-Trade Technologies, the operator of Match-Trader platform.
Hi 👋#Fundingpips missed you 🇺🇸
⬇️⬇️⬇️⬇️
Get Funded Now!!https://t.co/pOUJRPqDnI #fundingpips pic.twitter.com/AbLApKqZcX
— FundingPips (@fundingpips) March 1, 2024
Recently, Funding Pips completed its migration from
MetaTrader to Match-Trader, a process spearheaded by CEO Khaled Ayesh. With
user accounts and transaction history successfully transferred, Ayesh assures
retained commissions and spreads within Match-Trader. Moreover, plans for
integrating alternative platforms like Dxtrade and Ctrader are underway, with
TradeLocker on the horizon.
Funding Pips attributed the disruption of its
services on February 14 to an unexpected maintenance. This resulted from its
brokerage partner, Blackbull Markets, terminating its partnership due to
MetaQuotes’ directives.
Hello, 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…
— Khaled (@Khldfx) February 14, 2024
MetaQuotes’ stringent licensing policies for
proprietary trading firms compelled Blackbull Markets to sever ties.
MetaQuotes’ actions reflected a broader trend of regulatory scrutiny and
licensing restrictions within the proprietary trading sector. While US regulations pose challenges, prop trading
firms operate outside traditional oversight.
MetaQuotes’ decision resulted from licensing issues
experienced by prop trading firms offering services to US-based clients.
Without authorization, many firms resorted to unconventional methods, such as
using third-party licenses. This step, exemplified by Blackbull, was a common
practice until MetaQuotes intervened, halting the grey-labeling process and
even affecting industry stalwarts like FTMO, Finance Magnates reported.
Dynamics Reshaping the Prop Trading Industry
MetaQuotes’ sudden withdrawal of support sent
shockwaves through the industry, casting uncertainty over the future of
proprietary trading firms. This decision disrupted operations and raised
significant questions about compliance and sustainability.
Currently, the situation remains dynamic, with daily
developments shaping the landscape of prop trading. Many firms are grappling
with the aftermath, either ceasing operations or scrambling to find alternative
solutions. At Finance Magnates, we have consolidated a live table to track the
changes by major proprietary trading companies.
Nearly two weeks after migrating its services from
MetaTrader to Match-Trader, Funding Pips is targeting US traders again.
According to a post on X (formerly Twitter), the proprietary trading platform
urged traders from the US to “stay tuned for a major comeback.”
Recently, after Funding Pips announced that
MetaQuotes had ended its collaboration with a proprietary trading firm due to
its services to the US trader, Funding Pips’ CEO confirmed that the firm had
completely migrated the existing services and switched the service provider to
Match-Trade Technologies, the operator of Match-Trader platform.
Hi 👋#Fundingpips missed you 🇺🇸
⬇️⬇️⬇️⬇️
Get Funded Now!!https://t.co/pOUJRPqDnI #fundingpips pic.twitter.com/AbLApKqZcX
— FundingPips (@fundingpips) March 1, 2024
Recently, Funding Pips completed its migration from
MetaTrader to Match-Trader, a process spearheaded by CEO Khaled Ayesh. With
user accounts and transaction history successfully transferred, Ayesh assures
retained commissions and spreads within Match-Trader. Moreover, plans for
integrating alternative platforms like Dxtrade and Ctrader are underway, with
TradeLocker on the horizon.
Funding Pips attributed the disruption of its
services on February 14 to an unexpected maintenance. This resulted from its
brokerage partner, Blackbull Markets, terminating its partnership due to
MetaQuotes’ directives.
Hello, 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…
— Khaled (@Khldfx) February 14, 2024
MetaQuotes’ stringent licensing policies for
proprietary trading firms compelled Blackbull Markets to sever ties.
MetaQuotes’ actions reflected a broader trend of regulatory scrutiny and
licensing restrictions within the proprietary trading sector. While US regulations pose challenges, prop trading
firms operate outside traditional oversight.
MetaQuotes’ decision resulted from licensing issues
experienced by prop trading firms offering services to US-based clients.
Without authorization, many firms resorted to unconventional methods, such as
using third-party licenses. This step, exemplified by Blackbull, was a common
practice until MetaQuotes intervened, halting the grey-labeling process and
even affecting industry stalwarts like FTMO, Finance Magnates reported.
Dynamics Reshaping the Prop Trading Industry
MetaQuotes’ sudden withdrawal of support sent
shockwaves through the industry, casting uncertainty over the future of
proprietary trading firms. This decision disrupted operations and raised
significant questions about compliance and sustainability.
Currently, the situation remains dynamic, with daily
developments shaping the landscape of prop trading. Many firms are grappling
with the aftermath, either ceasing operations or scrambling to find alternative
solutions. At Finance Magnates, we have consolidated a live table to track the
changes by major proprietary trading companies.
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- Source: https://www.financemagnates.com//forex/prop-trading-firm-funding-pips-resumes-services-to-us-clients-after-match-trader-migration/
