Proprietary trading firm Instant Funding has confirmed that its brokerage partner ThinkMarkets will stop serving clients of the proprietary trading firm in the US from February 23.。As a result, the trading company has asked its U.S. customers to close their positions before the deadline, otherwise they will be automatically closed.。

A person familiar with ThinkMarkets confirmed to Finance Magnates that the broker notified "existing proprietary trading firms to cease their registration in the United States and terminate any existing U.S. clients."。"

"In addition, we have decided to temporarily suspend occupancy services for such companies and are currently re-evaluating our existing arrangements to ensure they meet our standards."。"

ThinkMarkets Ends Support for U.S. Customers

Instant Funding wrote on Twitter: "Due to a recent decision by our partner broker, ThinkMarkets, we wish to inform our US customers of an important change in our trading platform.。

"At the request of our current trading platform provider, after the close of trading on Friday, February 23, ThinkMarkets will cease to provide services to U.S. proprietary company customers."。"

The proprietary trading platform did not disclose the name of its "current trading platform provider," but it is the developer of two MetaTrader platforms, MetaQuotes.。In addition, the proprietary trading platform does not specify new customers from the United States; but it can be inferred that it will suspend new registrations。

ThinkMarkets works with several other brokers to limit services offered by proprietary trading firms to U.S. clients。Unlike Purple Trading and Blackbull, which completely terminated the provision of services to proprietary companies, ThinkMarkets continues to provide services outside the United States.。Several proprietary trading firms have claimed that Eightcap, another brokerage that serves the firms, will eliminate its services entirely at the end of February; however, the brokerage has refused to confirm the claims.。

The source added: "As part of our usual process, we continually evaluate our commercial and operational relationships within the Group and affiliates.。On the basis of these assessments, we have taken the necessary actions, including adjusting specific commercial arrangements, in particular with certain proprietary trading companies.。"

"Historically, similar agreements have been terminated as a regular element of our business practices, often without incurring significant public scrutiny."。"

Other well-known proprietary trading firms that have recently restricted their services to US clients include The5ers, FTMO, Blue Guardian, Audacity Capital, Alpha Capital and others.。