MetaTrader servers for FTMO are back after unexpected downtime.
However, the prop firm's clients from the USA can no longer use MT4 and MT5.
From left: FTMO CEO Otakar Suffner and CTO Marek Vasicek on Finance Magnates London Summit
After a few
days of unexpected downtime, the mobile servers of the MetaTrader app offered
by the prop firm FTMO are back online, following the successful resolution of a
"temporary issue."
Meanwhile,
discussions about ceasing the onboarding of clients from the USA and migrating
from MetaQuotes platforms to DXtrade are still taking place in the background.
Weekend Issues with FTMO's
MT4 and MT5 Servers
Over the
weekend, numerous posts appeared on X (formerly Twitter), informing that FTMO's
servers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Speculations suggested that one of the reasons could be the migration of US
investors to the DXtrade platform. On Sunday, one of the moderators of FTMO's
official Discord channel, known as Carlos, commented: "Tomorrow, there
will be an official announcement in that regard."
True to
their word, by midday, an official statement was released by FTMO, clarifying
that the weekend's server issues with MT4 and MT5 were only related to mobile
servers and had been resolved.
"The
temporary issue regarding the availability of the FTMO servers on the mobile
MT4/MT5 app has been successfully resolved," the FTMO team commented on
the Discord channel.
They
further explained: "Our team has been working diligently to ensure that
our MT4 & MT5 servers are fully operational on the mobile application once
again. We understand the importance of having access to your trading platform
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused."
The Future for US Clients
Although
the problems with the MT4 and MT5 servers have been resolved for now, the
situation of FTMO clients from the United States remains problematic. As
exclusively reported by Finance Magnates on Sunday, according to an
email sent to one of FTMO's clients, as of February 19, MT4 and MT5 servers are
not available to traders from the USA.
"This
decision affects both US nationals and residents and covers all desktop, web,
and mobile versions of the trading platforms," the email from FTMO support
read.
FTMO's email to X's user "US30"
The email
also mentioned that the account would be transferred to the new DXtrade
platform, with links provided to get acquainted with the new platform and its
developers.
It appears
there is an exodus of prop trading firms from the USA, with the list of those
still offering their services to clients in this region rapidly shrinking.
In a
LinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 prop
firms she investigated, only 3 currently offer cTrader or DXTrader. According
to Aratovskaya, many of them "are not ready to say goodbye to
MT4/MT5."
After a few
days of unexpected downtime, the mobile servers of the MetaTrader app offered
by the prop firm FTMO are back online, following the successful resolution of a
"temporary issue."
Meanwhile,
discussions about ceasing the onboarding of clients from the USA and migrating
from MetaQuotes platforms to DXtrade are still taking place in the background.
Weekend Issues with FTMO's
MT4 and MT5 Servers
Over the
weekend, numerous posts appeared on X (formerly Twitter), informing that FTMO's
servers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Speculations suggested that one of the reasons could be the migration of US
investors to the DXtrade platform. On Sunday, one of the moderators of FTMO's
official Discord channel, known as Carlos, commented: "Tomorrow, there
will be an official announcement in that regard."
True to
their word, by midday, an official statement was released by FTMO, clarifying
that the weekend's server issues with MT4 and MT5 were only related to mobile
servers and had been resolved.
"The
temporary issue regarding the availability of the FTMO servers on the mobile
MT4/MT5 app has been successfully resolved," the FTMO team commented on
the Discord channel.
They
further explained: "Our team has been working diligently to ensure that
our MT4 & MT5 servers are fully operational on the mobile application once
again. We understand the importance of having access to your trading platform
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused."
The Future for US Clients
Although
the problems with the MT4 and MT5 servers have been resolved for now, the
situation of FTMO clients from the United States remains problematic. As
exclusively reported by Finance Magnates on Sunday, according to an
email sent to one of FTMO's clients, as of February 19, MT4 and MT5 servers are
not available to traders from the USA.
"This
decision affects both US nationals and residents and covers all desktop, web,
and mobile versions of the trading platforms," the email from FTMO support
read.
FTMO's email to X's user "US30"
The email
also mentioned that the account would be transferred to the new DXtrade
platform, with links provided to get acquainted with the new platform and its
developers.
It appears
there is an exodus of prop trading firms from the USA, with the list of those
still offering their services to clients in this region rapidly shrinking.
In a
LinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 prop
firms she investigated, only 3 currently offer cTrader or DXTrader. According
to Aratovskaya, many of them "are not ready to say goodbye to
MT4/MT5."
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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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