The proprietary trading platform Funding Pips has introduced the cTrader platform in the latest step to counter the disruptions related to regulatory scrutiny in the US, which has affected the proprietary trading industry.
In a post on X, Funding Pips mentioned: "We are happy to introduce cTrader platform to #Fundingpips traders effective immediately." cTrader is one of the platforms the company has launched to navigate the regulatory hurdles.
Navigating Regulatory Hurdles
Recently, Funding Pips transitioned from MetaTrader to Match-Trader, signaling a shift towards targeting traders in the US market. This move happened in response to regulatory challenges posed by MetaQuotes' licensing policies and reflects the challenges currently faced in the proprietary trading industry.
Funding Pips encountered disruptions in its services following unexpected changes to its service providers. These changes were attributed to its brokerage partner, Blackbull Markets, which terminated its collaboration with the firm due to MetaQuotes' directives.
MetaQuotes' decision to withdraw support for proprietary trading firms offering services to US clients impacted the proprietary trading industry, disrupting operations and raising concerns about compliance and sustainability.
Last month, Funding Pips migrated its operations to Match-Trader, signaling a shift in the company's offerings. The firm assured its users of a seamless transfer of accounts and transaction history. This move was affirmed by the company's CEO, Khaled Ayesh, who assured traders of a successful migration. He underscored the retention of trading conditions and essential features within the Match-Trader ecosystem.
The Onset of Funding Pips' Troubles
The abrupt suspension of services by Funding Pips on February 14 affected a section of the proprietary trading community, revealing the company's dependence on its brokerage partner, Blackbull Markets, and, subsequently, MetaQuotes' platforms.
While MetaTrader remains a cornerstone for leveraged forex and CFD trading, its restrictive licensing framework poses challenges for market participants seeking a global presence. The fallout from MetaQuotes' actions underscored the need for regulatory clarity and diversified trading solutions in an increasingly dynamic market environment.
While US regulators impose stringent controls on leveraged trading services, proprietary trading entities operate within a distinct regulatory framework, fostering innovation and adaptability in response to evolving market dynamics.
