Prop Trading: Three Months after Suspending US Services, Alpha Capital Promises Comeback

Friday, 31/05/2024 | 20:53 GMT by Jared Kirui
  • The firm has also announced plans to launch futures and brokerage services in Seychelles.
  • In February, Alpha Capital suspended purchases for new and existing clients in the US.
Prop trading

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.

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 , particularly concerning clients in the US.

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.

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.

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 , particularly concerning clients in the US.

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.

About the Author: Jared Kirui
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