Existing clients from the US can trade as usual this week.
The firm has restricted clients in the region to only trade DXtrade challenges.
The proprietary trading platform MyFundedFX has
announced a significant change affecting its clients in the US. Effective
immediately, US clients are restricted to purchasing new challenges exclusively
on DXtrade, the company mentioned in a statement on X (formerly Twitter).
Existing clients from the US, including residents and dual
citizens, must adhere to the new restrictions. This change limits their trading activities
solely to DXtrade challenges. However, current trades will proceed as usual for
the remainder of the week to give traders time to adjust to the upcoming
transition.
Adjustments for US Traders
The company mentioned: "All existing US clients may continue trading
this week as normal. We are still coordinating with our tech team, but your
accounts will be migrated off MetaTrader and onto DXtrade later
this month."
Currently, the proprietary trading industry is
undergoing a significant shift as platforms grapple with regulatory pressures
and seek alternative solutions for their clients, Finance Magnates
reported.
MetaQuotes, the operator of MetaTrader 4 and 5, is
allegedly tightening its grip on the use of the platforms, particularly concerning US
regulatory compliance. This move has caused a ripple effect across the
proprietary trading sector, with several firms confirming the cessation of
their partnerships with MetaQuotes due to concerns over active US clients.
The MetaQuotes Challenge
Top brokerage firms like Blackbull Markets and
Purple Trading have been compelled to sever ties with proprietary trading platforms
following MetaQuotes' actions. Blackbull Markets, for instance, cited
compliance issues as the reason for terminating services to Funding Pips, a
Dubai-based proprietary trading firm.
In response to the crackdown, proprietary trading platforms
are diversifying their offerings by integrating alternative trading platforms
such as cTrader and Match-Trader. Some firms, like Funding Pips, are obtaining other licenses under their brokerage authorization to reduce reliance on
third-party providers.
Many proprietary trading platforms have ceased offering
services to US-based clients altogether, echoing the actions of firms like
The5ers and FTMO. Maven Prop Trading and FundedNext are among those pausing new
sign-ups from the US while exploring alternative solutions.
The proprietary trading platform MyFundedFX has
announced a significant change affecting its clients in the US. Effective
immediately, US clients are restricted to purchasing new challenges exclusively
on DXtrade, the company mentioned in a statement on X (formerly Twitter).
Existing clients from the US, including residents and dual
citizens, must adhere to the new restrictions. This change limits their trading activities
solely to DXtrade challenges. However, current trades will proceed as usual for
the remainder of the week to give traders time to adjust to the upcoming
transition.
Adjustments for US Traders
The company mentioned: "All existing US clients may continue trading
this week as normal. We are still coordinating with our tech team, but your
accounts will be migrated off MetaTrader and onto DXtrade later
this month."
Currently, the proprietary trading industry is
undergoing a significant shift as platforms grapple with regulatory pressures
and seek alternative solutions for their clients, Finance Magnates
reported.
MetaQuotes, the operator of MetaTrader 4 and 5, is
allegedly tightening its grip on the use of the platforms, particularly concerning US
regulatory compliance. This move has caused a ripple effect across the
proprietary trading sector, with several firms confirming the cessation of
their partnerships with MetaQuotes due to concerns over active US clients.
The MetaQuotes Challenge
Top brokerage firms like Blackbull Markets and
Purple Trading have been compelled to sever ties with proprietary trading platforms
following MetaQuotes' actions. Blackbull Markets, for instance, cited
compliance issues as the reason for terminating services to Funding Pips, a
Dubai-based proprietary trading firm.
In response to the crackdown, proprietary trading platforms
are diversifying their offerings by integrating alternative trading platforms
such as cTrader and Match-Trader. Some firms, like Funding Pips, are obtaining other licenses under their brokerage authorization to reduce reliance on
third-party providers.
Many proprietary trading platforms have ceased offering
services to US-based clients altogether, echoing the actions of firms like
The5ers and FTMO. Maven Prop Trading and FundedNext are among those pausing new
sign-ups from the US while exploring alternative solutions.
Capital.com Gains from Index Trading Demand: Q3 Volume Surpasses $450B
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24