Proprietary trading firm MyFlashFunding's new brokerage partner is FinesseFX
According to Finance Magnates, the unnamed "ASIC regulatory broker" working with MyFlashFunding is FinesseFX。
According to Finance Magnates, the unnamed "ASIC regulatory broker" that MyFlashFunding is working with is FinesseFX.。Traders active on the servers of Discord, a proprietary trading company, have confirmed that the company now offers them the option to migrate to the MetaTrader 5 trading platform。
ASIC regulated brokers
FinesseFX is based in Melbourne and is regulated by the Australian Securities and Exchange Commission (ASIC).。However, it is a little-known broker compared to other brokers that serve proprietary trading firms。It is unclear whether FinesseFX holds any additional offshore licenses.。
The FinesseFX website states: "It is authorized to provide financial services only to wholesale customers.。It further emphasized that it "is not directed at and does not intend to induce U.S. citizens and / or residents."。"
Earlier, MyFlashFunding offered MetaTrader under ThinkMarkets。ThinkMarkets, another Australian-regulated broker, ends contract with proprietary trading firm。Now, however, many traders on MyFlashFunding have pointed out that the spreads offered by FinesseFX are too large compared to those previously offered by ThinkMarkets.。
Have proprietary trading companies moved their bases?？
MyFlashFunding now shows on its website that it is registered in Dubai。Just a few days ago, the proprietary trading firm was shown to be registered in the US state of Missouri。The Proprietary Trading Company has not publicly notified any information about changes to its business registration。The platform was founded by Blake Carter and operated by him as CEO.。
MyFlashFunding website says it offers up to $200,000 in money trading accounts。However, it emphasizes that transactions are done in a simulated environment。It claims to have more than 10,000 active traders.。On its official Discord server, it has over 28,400 members and over 32,500 followers on X (formerly Twitter).。
The proprietary trading firm announced a new brokerage partnership earlier this week。However, the names of its brokerage partners were not disclosed at the time.。In addition, it confirmed that the new broker's MT5 products will only be available to non-U.S. customers, while serving U.S. customers, and is currently integrating the Match-Trade trading platform.。
"For our MyFlashFunding customers in the United States, please rest assured that we have a program tailored for you。We are in the final stages of integrating Match-Trade! "the CEO of the proprietary trading platform wrote in an earlier notice.。
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