MyFundedFutures (MFFU), a fintech company focused on futures evaluation and proprietary trading, has announced the full adoption of ComplianceAlpha. ComplianceAlpha is a regulatory compliance platform developed by ACA Group.

Last year, MFFU suspended its operations in 21 countries due to regulatory concerns. The decision to implement ComplianceAlpha appears to be a response to ongoing regulatory scrutiny. According to the company, it aims to improve transparency and compliance across its operations.

ComplianceAlpha adopted for regulatory compliance

"Traders suffer when firms treat compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term as an afterthought. We treat governance as a foundational pillar," said Philip Fried, Regulatory Compliance Manager at MFFU.

The new compliance system includes measures for trader safety, market abuse surveillance, communication monitoring, centralized policy management, and staff training. These controls will be applied to both MFFU, which manages trader evaluations, and Nortex Capital Partners, its sister company responsible for live proprietary trading.

MFFX Enables MT5 Migration for Traders

MFFX, which is part of MFFU, recently announced plans to allow non-U.S. traders to return to the MetaTrader 5 (MT5) platform through the newly established brokerage Seacrest Markets. The voluntary migration opened immediately, with the platform transition scheduled for January this year.

Register at https://t.co/cGBR8aDfvF and test out our trading conditions within a demo environment.

- Competitive and Reliable trading conditions
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— Seacrest Markets (@seacrestmarkets) January 20, 2025

Traders must close all positions and cancel pending orders before migrating, as open trades during the switch will be closed at market prices without compensation.

Previously, MFFX had moved clients away from MT5 due to regulatory and platform issues involving MetaQuotes. Seacrest Markets, licensed by South Africa’s FSCA since September 2023, will provide MT5 access. The broker is new and currently offers demo accounts for testing.