The proprietary trading firm Alpha Capital Group plans to return to the US after suspending purchases for clients in the region back in February. In a post on X, the company mentioned that it was planning to launch futures and a regulated brokerage platform for deposits in Seychelles in June.

"June will be a major month for us as a group welcoming the US back as well as launching Alpha Futures and our Seychelles regulated broker for deposits along with an exciting new affiliation with a well-known trading podcast, and on top of that, we also have the biggest event we've ever done for 200 people at the Park Plaza in London hosted by some leading industry figures," the company mentioned.

Reopening Purchases to Clients in the US

Alpha Capital is among the proprietary trading firms that suspended purchases for US clients following a regulatory crackdown in the industry at the beginning of the year. In a statement, the company termed this step as a response to market development in the US. Services for new and existing clients were halted by the firm, but operations in other jurisdictions were not impacted.

Just a final sign off from me before I go and enjoy some family time.

A great month in the books for us as a business and we couldn't do it without you all so I want you to know we appreciate each and everyone of you.

June will be a major month for us as a group welcoming the…

— Alpha Capital Group (@AlphaCapitalUK) May 31, 2024

Amid the suspension, Alpha mentioned that it was actively seeking legal clarification to ensure compliance and plans to resume services for US clients once it secures the necessary assurances. The firm emphasized its commitment to its clients and ongoing efforts to gather evidence to support the reopening of services in the US in the future.

Early this year, MetaQuotes reportedly tightened its regulatory standards for proprietary trading platforms. This shift became evident when the platform compelled Blackbull Markets to abruptly cease services to Funding Pips. This action pointed to efforts toward compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, particularly concerning clients in the US.

Since our launch, our unwavering commitment to building a platform and environment to sustain not only our businesses longevity but also a place our clients can rely on.

Due to the recent market development in the United states (US) we have made the decision to suspend…

— Alpha Capital Group (@AlphaCapitalUK) February 19, 2024

Navigating Regulatory Pressure

The US regulatory environment still presents unique challenges for leveraged trading services and Contract for Difference offerings. Proprietary trading firms, which operate outside traditional regulatory frameworks, face increasing scrutiny.

Notably, as MetaQuotes enforced stricter compliance measures, competitors in the trading technology space seized the opportunity to fill the gap. Companies like Devexperts introduced dedicated trading platforms for proprietary trading services.