AquaFunded plans to
launch Match-Trade, the company announced on X today (Wednesday). The United
Arab Emirates-based proprietary trading firm has already integrated cTrader,
DXtrade, and Tradelocker and supports MT4 and MT5.
More Options for Prop Traders
In February, AquaFunded temporarily halted new registrations
from the US following regulatory challenges in the region. However, the company
noted that it was in the process of launching a regulated broker for non-US
clients. According to the company, this step maintains the continuity of trading activities and checks the uncertainty of third-party brokers and
external risks.
Great News for Aqua Traders 🌊Match-Trade Coming Soon 💙Stay tuned for even more amazing news! Don’t underestimate the wave 🤫 pic.twitter.com/Cy6b0igHM5
— AquaFunded (@AquaFunded) May 15, 2024
AquaFunded wrote on X: “US client’s trading operations
will proceed without interruption. We have plans in place for a smooth
transition of your accounts to DX Trade, which we anticipate to be fully
operational in the next two weeks. In preparation, we will temporarily halt new
US client registrations until DX Trade is live.”
“We understand the dynamics of the prop trading
industry are evolving, and AquaFunded is evolving with them. Our commitment is
to provide you with a trading environment that is not only secure but also
robust.”
The Funded Trader Grapples with Payment Demand
Meanwhile, more proprietary trading companies are attempting
a comeback following the recent challenges in the industry. The Funded Trader just announced that it has relaunched its services to address payment
challenges recently experienced by its users. The firm promised to promptly
resolve other outstanding issues.
Dear TFT Members,We wanted to update you on our recent progress and efforts to address your concerns. We’ve faced challenges meeting payment demands, but we’ve relaunched our services and are working hard to fulfill our commitments to you.Progress and Statistics:Challenge…
— The Funded Trader (@thefundedtrader) May 15, 2024
“We wanted to update you on our recent progress and
efforts to address your concerns. We’ve faced challenges meeting payment
demands, but we’ve relaunched our services and are working hard to fulfill our
commitments to you. We are dedicated to resolving any outstanding issues and
regaining your trust. Your satisfaction is our priority, and we’re working
tirelessly to ensure an excellent experience for you”, the company
mentioned on X.
MetaQuotes’ alleged crackdown on proprietary trading platforms reflected a broader industry trend towards stricter regulatory compliance. This shift underscored the challenges proprietary trading firms face in the US market. As regulatory pressures mounted, competitors in the trading technology space seized the opportunity to innovate. For instance, companies like Devexperts launched dedicated trading platforms for proprietary trading services.
This article was written by Jared Kirui at www.financemagnates.com.
