Another Prop Firm Returns to MetaTrader 5 a Year After MetaQuotes’ License Overhaul ⋅ Crypto World Echo
InstantFunding, a prop trading firm focused on the forex (FX) markets, has introduceddirect trading capabilities via the MetaTrader 5 (MT5) application afterobtaining its own “main label” license.
This meansthe company will offer its clients access to the popular MetaQuotes platform ayear after it was withdrawn due to regulatory issues that impacted the industryin early 2024.
Instant Funding addsMetaTrader 5
The firmstated it has completed comprehensive testing of the MT5 integration, ensuringreliability for traders.
Accordingto the announcement, “Instant Funding server is now officially on the MT5 app,we’ve conducted every test, and you can trade with us directly from the app.”This move enables users to leverage MT5’s features, such as real-time charting,technical analysis, and automated trading, on mobile platforms.
At thebeginning of last year, Instant Funding accessed MetaTrader through its brokerpartner, ThinkMarkets. However, the firm announced it would suspend servicesfor prop firm clients by the end of February in response to MetaQuotes’regulatory overhaul concerning the gray-labeling of MT5 and MT4 licenses.
At thetime, like many other firms, Instant Funding sought a new platform provider andmigrated to DXtrade. Over time, it also added cTrader to its offerings. Whilethese platforms have gained significant traction among prop traders over thepast 12 months, data shows that MetaTrader remains the most sought-aftertrading platform.
MetaTrader5 Returns to Prop Firm Offerings
Last month,MyFundedFX announced plans to migrate its clients back to MT5 following a newlyestablished partnership with Seacrest Markets. Similar to Instant Funding, thefirm had initially switched to DXtrade but is now offering clients the optionto return to MetaTrader.
A fewmonths ago, TradersWithEdge made a similar move, reintroducing the MetaQuotesplatform to its offerings. While MetaTrader fees have increased by 25% thisyear, the platform provider no longer views prop firms as unfavorably.
“We would like to notify you of an upcoming amendment to the monthly license fees of the MetaTrader 4 products,” MetaQuotes wrote to its clients two months ago. “Our commitment to providing you with the highest quality products and services has led to an increase in operating costs, which, ultimately, necessitated this price update.”
With thegrowing popularity of prop trading firms, MetaQuotes sees them as potential keyclients and a revenue source alongside FX/CFD brokers.
Accordingto Pip Farm’s CEO, James Glyde, “MetaQuotes did a huge favor for the proptrading industry” by suspending licenses last year. This decision, heexplained to Finance Magnates, helped weed out weaker firms whiledemonstrating to traders that alternatives such as “cTrader, TradeLocker,MatchTrader, Sirix, and DXtrade” exist.
This article was written by Damian Chmiel at www.financemagnates.com.
