Proprietary trading firm MyFundedFX ready for cTrader platform launch
After weeks of industry turmoil, MyFundedFX has completed the integration of cTrader。According to a statement on X, the proprietary trading platform will "stress test" it to ensure that it.
After weeks of industry turmoil, MyFundedFX has completed the integration of cTrader。According to a statement from X, the proprietary trading platform will "stress test it and make sure it is error-free."。
MyFundedFX said: "Later next week we aim to go live with CTrader powered by Purple Trading SC.。We have also handed over the MatchTrader server license and have started integration work for this。Thank you for your patience, we will offer more options for all! "
Adaptation transition
On February 19, MyFundedFX announced restrictions on U.S. traders, effective immediately.。The platform specifically restricts users in the region from trading DXtrade challenges。
In addition to this, the company also asked US traders to prepare to migrate their accounts from MetaTrader to DXtrade.。The move is a response to ongoing regulatory pressure and industry shifts。
Currently, most proprietary trading firms are completing their migration to new platforms, driven by tighter regulation at MetaQuotes, particularly in the US to comply with。
These industry-impacting changes began when major brokerages such as Blackbull Markets and Purple Trading terminated partnerships with proprietary trading platforms over compliance concerns.。
Blackbull Markets' decision to sever ties with Dubai-based trading firm Funding Pips highlights the severity of the regulatory challenges facing the industry.。The actions of MetaQuotes have led to a broader diversification trend of proprietary trading platforms as they integrate alternative trading platforms such as cTrader and Match-Trader.。
Adapting to regulatory pressures
Some platforms, including The5ers and FTMO, have stopped serving U.S. customers altogether, reflecting the industry's broader reaction to the restrictions.。
Currently, many companies are responding to this challenge by either ceasing operations or looking for alternative solutions.。At Finance Magnates, we created a real-time table to track changes in major proprietary trading firms。
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