Prop Trading Firm Instant Funding Is Set to 'Make the Leap' to DXtrade

Tuesday, 12/03/2024 | 18:03 GMT by Tareq Sikder

Once the credentials are ready, the firm will automatically update them and notify users.

To assist users during the transition, a post-integration step-by-step guide will be provided.

In an announcement made earlier today (Tuesday) on X (formerly Twitter), Instant Funding, a proprietary trading platform, revealed its plans for migration to DXtrade. The transition is scheduled to take place tomorrow, March 13.

Automated Credential Updates for User Convenience

Instant Funding assured its users of a seamless transition, emphasizing rigorous testing to ensure a smooth shift to the new platform. "We've been rigorously testing the platform to ensure a smooth transition. The good news is, it's incredibly easy to get back to trading," Instant Funding stated in its announcement.

The company further elaborated that users need not worry about their account credentials. Instant Funding will automatically update account credentials and notify users via email once they are ready on the dashboard. To resume trading, users simply need to log in to DXtrade using the updated credentials.

To assist users during the transition, Instant Funding pledged to provide a step-by-step guide tomorrow, post the integration completion. This guide aims to offer comprehensive assistance to users navigating the new platform.

Instant Funding's Response to ThinkMarkets Discontinuation

Earlier, Instant Funding announced changes via social media, prompted by the partner broker ThinkMarkets discontinuing services to US clients, effective February 23, as reported by Finance Magnates. This aligns with a directive from Instant Funding's current trading platform provider. While this may concern traders, Instant Funding has assured measures are in place to mitigate disruptions. They plan to introduce DXtrade as an alternative platform for US and global traders, aiming for a transition within three weeks while retaining active accounts.

ThinkMarkets' move followed a trend of restrictions on US clients by firms like Purple Trading and Blackbull, with speculation about Eightcap. Alleged pressure from MetaQuotes may underpin these moves. Though not confirmed, reports suggest a directive to cease services to US traders. Other firms, including The5ers and FTMO, implement similar restrictions.