The Former Chief Commercial Officer of cTrader, James Glyde, has launched a proprietary trading platform dubbed PipFarm. The unveiling of this new platform happened amid the recent disruptions in the industry targeting US traders.

PipFarm has promised to enhance how traders engage in trading, with access to capital for remote traders. Glyde's decision to anchor PipFarm on the cTrader platform underscored the platform's commitment to stability. Recently, MetaQuotes terminated support for several brokers, pushing many firms to integrate alternative platforms, including cTrader.

Navigating Changes

Glyde mentioned: "After several months of development and weeks of beta testing, we have the most stable and tested cTrader integration. Our deep understanding of the funded trader space and state-of-the-art proprietary technology, combined with the exceptional capabilities of cTrader, equips us to offer a supportive environment where traders can thrive."

Glyde has a background in fintech and online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term. To commemorate the launch of PipFarm, the firm has rolled out exclusive promotions and offers valid until the end of April. These incentives aim to attract traders eager to explore the firm's offerings and the cTrader platform.

Former cTrader Executive Launches PipFarm, a cTrader Funded Trader Firm https://t.co/DSqaoMzW8Y

— Jared Kirui (@JaredLopta79285) March 25, 2024

The proprietary trading space is experiencing challenges, particularly for US-based traders. This has pushed many proprietary trading platforms to seek alternative partners. For instance, MyFundedFX recently integrated the cTrader platform, which was driven by tightening regulations, specifically from MetaQuotes, the developer of the widely used MetaTrader platform.

More Firms Opt for cTrader

Similarly, The Funded Trader unveiled plans to migrate 4,700 users to the cTrader platform. This shift followed the stricter compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term regulations implemented by MetaQuotes. Besides that, some firms have resorted to pausing operations or switching entirely to platforms like cTrader to stay compliant and keep their businesses afloat.

Similarly, FP Markets recently expanded its suite of retail trading platforms by integrating cTrader after relying on MetaTrader for over 15 years. With a customizable interface, charting capabilities, and a wide selection of technical indicators, the FP Markets’ cTrader trading platform aims to cater to new and seasoned professionals.