The proprietary trading firm Swift Funding plans to integrate DXtrade, as revealed in a recent announcement. According to the company, integrating DXtrade will benefit traders with improved functionality, faster execution speeds, and access to a broader range of trading instruments.
The company mentioned on X: "DXtrade is landing soon at Swift Funding! Get ready to experience the pinnacle of precision and performance in trading technology. Stay tuned for the launch and elevate your trading strategy."
Swift Funding's Offerings
According to propfirmmacth.com, Swift Funding has made significant strides since it was established in January 2024. The firm operates from Hong Kong and has partnered with ThinkMarkets to offer services through MetaTrader 4 and MetaTrader 5 platforms.
Led by its CEO, Kevin Warner, Swift Funding has account sizes ranging from $5,000 to $100,000. Swift Funding offers a selection of trading instruments, including forex , indices, cryptocurrencies, and commodities.
Similarly, MyFundedFX recently announced its plan to migrate US client accounts from MetaQuotes platforms to DXtrade servers starting February 23. This decision arrived amid MetaQuotes' intensified measures for compliance with US regulations, causing disruptions within the sector.
Proprietary Trading Industry Fights Back
MetaQuotes' stricter control over platform usage, especially concerning US regulations, has triggered a wave of changes among proprietary trading firms. Many, including MyFundedFX, have opted to terminate their association with MetaQuotes, citing concerns over serving US clients.
While MyFundedFX prepares for migration, other firms like Funding Pips and True Forex Funds are already resuming operations with alternative platforms. Funding Pips successfully migrated to Match-Trade Technologies' platform, while True Forex Funds relaunched with its own-branded cTrader platform.
Meanwhile, MetaQuotes terminated its partnership with proprietary trading firm Funding Pips due to regulatory issues. Following this step, the latter integrated its operations with Match-Trader. Funding Pips faced a challenging week following the cessation of its access to MetaTrader platforms, driven by regulatory complications in serving clients in the US.
In response, the platform's CEO, Khaled Ayesh, has confirmed the successful migration of user accounts to Match-Trader, provided by Match-Trade Technologies.
