In a move expected since the beginning of this year, IC Markets has launched the soft launch of its proprietary trading offering. The new platform, accessible via the URL ICFunded.com, is currently in beta mode, inviting customers to register and explore its features.
According to information obtained by TradeInformer, the product has been operational for over a week and has already received notable interest from existing customers. The introduction of IC Markets into the prop trading space adds another name to the list of brokers venturing into this area. Joining Axi, Oanda and Hantec Markets, as well as smaller entities like Raise FX and YaMarkets, IC Markets demonstrates the growing trend among brokers to offer funded trading programs.
Despite growing interest in prop trading offerings, the sector finds itself in a regulatory gray area. Most providers, including IC Markets, currently offer demo accounts which, importantly, remain outside the scope of regulatory oversight in different jurisdictions.
However, it should be noted that many companies, including IC Markets, are adopting strategies to maintain some degree of separation from end customers or are establishing the funded component of their services overseas. This approach allows them to operate within a framework that alleviates regulatory issues while providing lucrative opportunities for traders.
Prop trading industry in turmoil amid MetaQuotes allegations
The prop trading landscape is in upheaval amid reports that MetaQuotes, the company behind the MetaTrader platforms, is tightening its grip, as Finance Magnates reports. Despite the lack of official confirmation from the Cyprus-based company, the prop trading firms and their brokerage partners quickly announced the end of their collaboration.
The central problem seems to focus on the presence of active American clients on prop trading platforms. Although MetaQuotes has not publicly acknowledged these measures, an unverified email purportedly from one of its representatives has circulated suggesting that platforms using MetaTrader 5 and operating in the United States must comply with FINRA or NFA regulations , even if only for educational purposes.
In a move expected since the beginning of this year, IC Markets has launched the soft launch of its proprietary trading offering. The new platform, accessible via the URL ICFunded.com, is currently in beta mode, inviting customers to register and explore its features.
According to information obtained by TradeInformer, the product has been operational for over a week and has already received notable interest from existing customers. The introduction of IC Markets into the prop trading space adds another name to the list of brokers venturing into this area. Joining Axi, Oanda and Hantec Markets, as well as smaller entities like Raise FX and YaMarkets, IC Markets demonstrates the growing trend among brokers to offer funded trading programs.
Despite growing interest in prop trading offerings, the sector finds itself in a regulatory gray area. Most providers, including IC Markets, currently offer demo accounts which, importantly, remain outside the scope of regulatory oversight in different jurisdictions.
However, it should be noted that many companies, including IC Markets, are adopting strategies to maintain some degree of separation from end customers or are establishing the funded component of their services overseas. This approach allows them to operate within a framework that alleviates regulatory issues while providing lucrative opportunities for traders.
Prop trading industry in turmoil amid MetaQuotes allegations
The prop trading landscape is in upheaval amid reports that MetaQuotes, the company behind the MetaTrader platforms, is tightening its grip, as Finance Magnates reports. Despite the lack of official confirmation from the Cyprus-based company, the prop trading firms and their brokerage partners quickly announced the end of their collaboration.
The central problem seems to focus on the presence of active American clients on prop trading platforms. Although MetaQuotes has not publicly acknowledged these measures, an unverified email purportedly from one of its representatives has circulated suggesting that platforms using MetaTrader 5 and operating in the United States must comply with FINRA or NFA regulations , even if only for educational purposes.