MyFundedFX has completed cTrader integration after weeks of industry turmoil. According to a statement on X, the proprietary trading platform will “stress test it and ensure it is bug-free.”
MyFundedFX mentioned: “Later next week, we are planning to launch CTrader powered by Purple Trading SC. We have also received our MatchTrader server license and have started the integration work for it. Thank you for your patience while we offer more options. for everyone!”
Our CTrader integration is complete.
Over the weekend and early next week, we'll stress test it and make sure it's bug-free.
Later next week we plan to go live with CTrader powered by Purple Trading SC.
We also received our MatchTrader server… https://t.co/D9Tcl3Nilf
– MyFundedFX (@MyFundedFX) March 1, 2024
On February 19, MyFundedFX announced that it was restricting US traders effective immediately. The platform exclusively limited users from this region to trading DXtrade Challenges.
Additionally, the company has asked US traders to prepare for migrating their accounts from MetaTrader to DXtrade. This migration marked a response to ongoing regulatory pressures and industry changes.
Effective immediately, US customers are limited to only purchasing new challenges on DXtrade. This includes residents of the United States and those living in the United States with dual citizenship.
All existing US clients can continue trading as normal this week. We are always in coordination with…
– MyFundedFX (@MyFundedFX) February 19, 2024
Currently, most proprietary trading platforms are completing their migration to new platforms due to tightening MetaQuotes regulations, particularly in the United States. compliance
Compliance
In finance, banking, investment and insurance, compliance refers to following the rules or orders established by the government regulatory authority, whether for the provision of a service or for processing a transaction. Compliance in financial matters would also involve following established guidelines or specifications. This designation may also encompass efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding ComplianceCompliance is a
In finance, banking, investment and insurance, compliance refers to following the rules or orders established by the government regulatory authority, whether for the provision of a service or for processing a transaction. Compliance in financial matters would also involve following established guidelines or specifications. This designation may also encompass efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding ComplianceCompliance is a
.
These changes affecting the industry began when large brokerage firms like Blackbull Markets and Purple Trading ended their partnerships with proprietary trading platforms due to compliance concerns.
Blackbull Markets' decision to sever ties with Funding Pips, a Dubai-based trading company, highlighted the severity of the regulatory challenges facing the sector. MetaQuotes' actions have driven a broader diversification trend among proprietary trading platforms as it integrates alternative trading platforms such as cTrader and Match-Trader.
Adapting to regulatory pressures
Some platforms, including The5ers and FTMO, have completely halted their services to US-based customers, reflecting the broader industry response to regulatory changes.
Currently, many businesses are dealing with the consequences, either by ceasing operations or scrambling to find alternative solutions. At Finance Magnates, we have created a live table to track changes in the top proprietary trading companies.
MyFundedFX has completed cTrader integration after weeks of industry turmoil. According to a statement on X, the proprietary trading platform will “stress test it and ensure it is bug-free.”
MyFundedFX mentioned: “Later next week, we are planning to launch CTrader powered by Purple Trading SC. We have also received our MatchTrader server license and have started the integration work for it. Thank you for your patience while we offer more options. for everyone!”
Our CTrader integration is complete.
Over the weekend and early next week, we'll stress test it and make sure it's bug-free.
Later next week we plan to go live with CTrader powered by Purple Trading SC.
We also received our MatchTrader server… https://t.co/D9Tcl3Nilf
– MyFundedFX (@MyFundedFX) March 1, 2024
On February 19, MyFundedFX announced that it was restricting US traders effective immediately. The platform exclusively limited users from this region to trading DXtrade Challenges.
Additionally, the company has asked US traders to prepare for migrating their accounts from MetaTrader to DXtrade. This migration marked a response to ongoing regulatory pressures and industry changes.
Effective immediately, US customers are limited to only purchasing new challenges on DXtrade. This includes residents of the United States and those living in the United States with dual citizenship.
All existing US clients can continue trading as normal this week. We are always in coordination with…
– MyFundedFX (@MyFundedFX) February 19, 2024
Currently, most proprietary trading platforms are completing their migration to new platforms due to tightening MetaQuotes regulations, particularly in the United States. compliance
Compliance
In finance, banking, investment and insurance, compliance refers to following the rules or orders established by the government regulatory authority, whether for the provision of a service or for processing a transaction. Compliance in financial matters would also involve following established guidelines or specifications. This designation may also encompass efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding ComplianceCompliance is a
In finance, banking, investment and insurance, compliance refers to following the rules or orders established by the government regulatory authority, whether for the provision of a service or for processing a transaction. Compliance in financial matters would also involve following established guidelines or specifications. This designation may also encompass efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding ComplianceCompliance is a
.
These changes affecting the industry began when large brokerages like Blackbull Markets and Purple Trading ended their partnerships with proprietary trading platforms due to compliance concerns.
Blackbull Markets' decision to sever ties with Funding Pips, a Dubai-based trading company, highlighted the severity of the regulatory challenges facing the sector. MetaQuotes' actions have driven a broader diversification trend among proprietary trading platforms as it integrates alternative trading platforms such as cTrader and Match-Trader.
Adapting to regulatory pressures
Some platforms, including The5ers and FTMO, have completely halted their services to US-based customers, reflecting the broader industry response to regulatory changes.
Currently, many businesses are dealing with the consequences, either ceasing operations or scrambling to find alternative solutions. At Finance Magnates, we have created a live table to track changes in the top proprietary trading companies.