GFT announced that it's adding TradeLocker to its offerings
Simultaneously, the MetaQuotes platform are disabled and users are being moved to MatchTrader.
Goat Funded
Trader (GFT), a retail proprietary trading firm, informed its clients this week
that it's introducing a new platform, TradeLocker, to its offerings. This move
came shortly before a less pleasant announcement: the withdrawal (once again)
of services from MetaTrader platforms. Traders who had been using MetaQuotes
tools are now being migrated to MatchTrader.
Goat Funded Trader Gives
One Platform and Takes Another
GFT was
among the first companies to withdraw MetaTrader in February 2024 due to
licensing issues. A month ago, the firm announced that MetaQuotes trading tools
were returning to its lineup.
However,
the joy of Goat Funded Trader's clients was short-lived. On Thursday morning,
the prop firm's CEO, Edoardo Dalla Torre, announced on Discord that it was
necessary to withdraw again from offering "Platform4," or MetaTrader
4.
"Due
to multiple outages of Platform4 and our continuous commitment to ensure our
traders have a good trading experience, all Platform4 accounts will now be
migrated to MatchTrader," Dalla Torre stated.
He added
that all open positions would be closed and account balances transferred to new
accounts within MatchTrader.
The company
is reportedly working "on integrating better and more stable options for
Platform4 and Platform5, ensuring that we can also offer mobile versions once
they're available again."
Are
licensing issues once again the problem? It's hard to say, but it appears the
platform had been preparing for this move for several days, announcing the
launch of a new platform at the beginning of the week.
Officially,
GFT announced the addition of TradeLocker to its suite of trading platforms on
July 17, a day before the decision to withdraw from MT4. This information
appeared on both X (formerly Twitter) and the company's Discord.
TradeLocker, alongside MatchTrader, has become one of the more frequently chosen platforms that prop firms decide to migrate to after experiencing issues with MetaTrader. For example, Top Tier Trader made such a move in February.
Prop Firms' Struggles with
MetaTrader
The prop
trading industry's problems with MetaQuotes platforms began five months ago
when Purple Trading, which grey-labeled its MetaTrader license to prop trading
entities, withdrew from its previous agreements.
Due to
regulatory changes in the United States, the owner of MetaTrader began cracking
down on the prop industry and forced Purple to terminate their services to prop
firms. These firms started switching to alternative platforms, although many
have since re-offered MetaTrader to their clients.
However,
GFT's example shows that the problems may still need to be fully resolved, and MT4
and MT5 remain problematic for firms in the sector. At the same time, they face
growing competition from regulated FX/CFD brokers who have also started
offering prop challenges to their clients. Their advantage lies in having
long-standing and direct agreements with MetaQuotes, allowing them to offer the
most popular platforms among retail traders without any interruptions or
controversies.
Goat Funded
Trader (GFT), a retail proprietary trading firm, informed its clients this week
that it's introducing a new platform, TradeLocker, to its offerings. This move
came shortly before a less pleasant announcement: the withdrawal (once again)
of services from MetaTrader platforms. Traders who had been using MetaQuotes
tools are now being migrated to MatchTrader.
Goat Funded Trader Gives
One Platform and Takes Another
GFT was
among the first companies to withdraw MetaTrader in February 2024 due to
licensing issues. A month ago, the firm announced that MetaQuotes trading tools
were returning to its lineup.
However,
the joy of Goat Funded Trader's clients was short-lived. On Thursday morning,
the prop firm's CEO, Edoardo Dalla Torre, announced on Discord that it was
necessary to withdraw again from offering "Platform4," or MetaTrader
4.
"Due
to multiple outages of Platform4 and our continuous commitment to ensure our
traders have a good trading experience, all Platform4 accounts will now be
migrated to MatchTrader," Dalla Torre stated.
He added
that all open positions would be closed and account balances transferred to new
accounts within MatchTrader.
The company
is reportedly working "on integrating better and more stable options for
Platform4 and Platform5, ensuring that we can also offer mobile versions once
they're available again."
Are
licensing issues once again the problem? It's hard to say, but it appears the
platform had been preparing for this move for several days, announcing the
launch of a new platform at the beginning of the week.
Officially,
GFT announced the addition of TradeLocker to its suite of trading platforms on
July 17, a day before the decision to withdraw from MT4. This information
appeared on both X (formerly Twitter) and the company's Discord.
TradeLocker, alongside MatchTrader, has become one of the more frequently chosen platforms that prop firms decide to migrate to after experiencing issues with MetaTrader. For example, Top Tier Trader made such a move in February.
Prop Firms' Struggles with
MetaTrader
The prop
trading industry's problems with MetaQuotes platforms began five months ago
when Purple Trading, which grey-labeled its MetaTrader license to prop trading
entities, withdrew from its previous agreements.
Due to
regulatory changes in the United States, the owner of MetaTrader began cracking
down on the prop industry and forced Purple to terminate their services to prop
firms. These firms started switching to alternative platforms, although many
have since re-offered MetaTrader to their clients.
However,
GFT's example shows that the problems may still need to be fully resolved, and MT4
and MT5 remain problematic for firms in the sector. At the same time, they face
growing competition from regulated FX/CFD brokers who have also started
offering prop challenges to their clients. Their advantage lies in having
long-standing and direct agreements with MetaQuotes, allowing them to offer the
most popular platforms among retail traders without any interruptions or
controversies.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Week In Review: Chaos at BDSwiss , IronFX Founder's Prop Firm, US FX Deposits, and More
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 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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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 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!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 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
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 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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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 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.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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