The prop trading firm True Forex Funds announced today (Friday) via social media platform X (formerly Twitter) the launch of Match-Trader, its new secondary trading platform. The platform is now accessible in selected countries including Germany, Austria, Sweden, and Hungary. Approximately 10,000 accounts are slated for migration to the platform.

Preparing for Match-Trader Launch

True Forex Funds expressed confidence in the platform's stability. While anticipating minimal bugs, measures have been implemented to facilitate a smooth transition, including the limitation of initial availability to mitigate potential issues. True Forex Funds has assured users that any inquiries or concerns will be promptly addressed by their team.

Richard Nagy, the CEO of True Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Funds, stated: “By limiting the initial availability, we aim to minimize potential issues and prioritize a seamless experience for our users. Any inquiries or concerns will be promptly addressed by our dedicated team.”

📢 Words from our CEO 📢

Hello Traders,

We are thrilled to announce the launch of Match-Trader, our new secondary trading platform. As of today, Match-Trader is available in select countries including Germany, Austria, Sweden, and Hungary. This strategic rollout is in response…

— True Forex Funds (@trueforexfunds) April 19, 2024

Future plans include the expansion of Match-Trader's availability to additional countries in the coming days, with the assurance that the migration of existing accounts will be automated once the platform's reliability is confirmed.

MetaQuotes Compliance Measures Trigger Challenges

True Forex Funds faced a disruption when MetaQuotes terminated its licenses for the MT4 and MT5 trading platforms, causing a temporary halt in its services. This incident followed the shutdown of Canada's My Forex Funds last September by US and Canadian regulators.

MetaQuotes' compliance measures, especially regarding US regulations, have led to challenges in the proprietary trading industry. Firms are reevaluating partnerships with MetaQuotes due to concerns about serving US clients, prompting some to temporarily halt services and consider alternative platforms for regulatory compliance and operational stability.