The platform plans to migrate existing US traders to DXTrade.
This development followed a crackdown in the proprietary trading industry, affecting US clients.
The CEO of Lark Funding, Matt L., has confirmed that the
proprietary trading platform is no longer accepting purchases from US clients.
According to a post on Discord, the company plans to migrate existing US
traders to DXTrade.
Proprietary Trading Firms Exclude US Traders
Matt L. mentioned: "We hope to allow new US registrations in the near future if the regulatory scene allows. We want to
emphasize that this DOES NOT impact clients outside of the US. We know how
frustrating the current scene is for US traders, and we are doing our best to
find additional options for you all in the near future."
In a post on X that was later taken down, Matt L said that
Lark Funding was not solely depending on ThinkMarkets and was actively
exploring partnerships with other brokers to diversify options for traders. He
emphasized the importance of having multiple brokerage options to ensure
resilience and flexibility in the firm's trading operations.
Matt L mentioned: "ThinkMarkets
has reassured us several times over the last few weeks that operations on their
end and their relationship with MetaQuotes is solid. But, of course, we're not
going to rely on just one broker. We're already in discussions with other
brokers to see who we can work with and provide additional options to traders."
Currently, proprietary trading firms are navigating challenges posed by MetaQuotes' alleged crackdown on MetaTrader usage and the
subsequent restrictions on US-based clients. As a result, many platforms are
integrating alternative trading platforms such as cTrader, Match-Trade, and
DXtrade.
Proprietary Trading Faces Regulatory Hurdles
Recent events have caused MetaQuotes, although not publicly acknowledged by the firm, to terminate licenses for trading platforms like True Forex Funds. This has led to a disruption of services for proprietary trading firms.
Brokerage partners like Purple Trading and Blackbull
Markets have been affected by MetaQuotes' actions, leading to terminations of
services for prop firms due to regulatory compliance issues regarding US
clients.
In response to this crackdown, many proprietary trading
platforms have ceased services to US-based clients, with some, like The5ers and
Maven Prop Trading, offering alternatives for affected traders.
The CEO of Lark Funding, Matt L., has confirmed that the
proprietary trading platform is no longer accepting purchases from US clients.
According to a post on Discord, the company plans to migrate existing US
traders to DXTrade.
Proprietary Trading Firms Exclude US Traders
Matt L. mentioned: "We hope to allow new US registrations in the near future if the regulatory scene allows. We want to
emphasize that this DOES NOT impact clients outside of the US. We know how
frustrating the current scene is for US traders, and we are doing our best to
find additional options for you all in the near future."
In a post on X that was later taken down, Matt L said that
Lark Funding was not solely depending on ThinkMarkets and was actively
exploring partnerships with other brokers to diversify options for traders. He
emphasized the importance of having multiple brokerage options to ensure
resilience and flexibility in the firm's trading operations.
Matt L mentioned: "ThinkMarkets
has reassured us several times over the last few weeks that operations on their
end and their relationship with MetaQuotes is solid. But, of course, we're not
going to rely on just one broker. We're already in discussions with other
brokers to see who we can work with and provide additional options to traders."
Currently, proprietary trading firms are navigating challenges posed by MetaQuotes' alleged crackdown on MetaTrader usage and the
subsequent restrictions on US-based clients. As a result, many platforms are
integrating alternative trading platforms such as cTrader, Match-Trade, and
DXtrade.
Proprietary Trading Faces Regulatory Hurdles
Recent events have caused MetaQuotes, although not publicly acknowledged by the firm, to terminate licenses for trading platforms like True Forex Funds. This has led to a disruption of services for proprietary trading firms.
Brokerage partners like Purple Trading and Blackbull
Markets have been affected by MetaQuotes' actions, leading to terminations of
services for prop firms due to regulatory compliance issues regarding US
clients.
In response to this crackdown, many proprietary trading
platforms have ceased services to US-based clients, with some, like The5ers and
Maven Prop Trading, offering alternatives for affected traders.
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.
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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
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!