The company plans to launch its cTrader platform and integrate usersβ accounts.
True Forex Funds is actively seeking the reinstatement of its license by MetaQuotes.
True Forex Funds recently ceased operations following the alleged termination of
its MT4 and MT5 licenses by MetaQuotes. Despite this setback, the Hungary-based online proprietary
trading firm has announced plans to
restart its operations next week.
True Forex Funds Navigates Disruptions
In response to the disruption of services, True Forex Funds has announced its intention to resume operation in the "week of February 19th."
Richard Nagy, the CEO of the company, recently expressed frustration over the lack of
warning and the challenge related to trading services on the platform.
True Forex Funds is reportedly seeking the reinstatement of its licenses by MetaQuotes. However, Nagy has acknowledged the
possibility of migrating trading accounts to a different broker if negotiations
fail. The firm has advised traders to prepare for any outcome.
Preparing for Reopening
In an email sent to Finance Magnates, a
representative from True Forex Funds mentioned: "It is with great
enthusiasm that we announce that we will reopen in less than two weeks,
promising an experience that will exceed your expectations."
"Our team is working tirelessly to improve our
services, ensuring a seamless and excellent experience. While we look forward
to launching our cTrader platform, we are committed to synchronizing all
accounts, including MetaTrader, to ensure flawless processes and trading
conditions."
True Forex Funds is not the only company grappling
with challenges in the proprietary trading space. Last year, the Commodity
Futures Trading Commission (CFTC) and the Ontario Securities Commission (OSC)
took action against My Forex Funds and its owner, Murtuza Kazmi.
The CFTC and OSC brought charges against Kazmi
and his companies, Traders Global Group Inc., in New Jersey and Canada. My
Forex Funds purportedly offered retail customers the opportunity to become
"professional traders" using the company's money.
However, investigations reveal that Traders Global
operated as a counterparty to most customer trades, not as a liquidity provider
as claimed. The CFTC obtained a restraining order freezing assets and mandating
the submission of records for examination.
Meanwhile, FPFX Technologies, a technology firm in the proprietary trading industry, allegedly terminated its agreement with Funded Engineer recently. This decision marked the end of another partnership in the trading community, highlighting broader challenges in the sector.
True Forex Funds recently ceased operations following the alleged termination of
its MT4 and MT5 licenses by MetaQuotes. Despite this setback, the Hungary-based online proprietary
trading firm has announced plans to
restart its operations next week.
True Forex Funds Navigates Disruptions
In response to the disruption of services, True Forex Funds has announced its intention to resume operation in the "week of February 19th."
Richard Nagy, the CEO of the company, recently expressed frustration over the lack of
warning and the challenge related to trading services on the platform.
True Forex Funds is reportedly seeking the reinstatement of its licenses by MetaQuotes. However, Nagy has acknowledged the
possibility of migrating trading accounts to a different broker if negotiations
fail. The firm has advised traders to prepare for any outcome.
Preparing for Reopening
In an email sent to Finance Magnates, a
representative from True Forex Funds mentioned: "It is with great
enthusiasm that we announce that we will reopen in less than two weeks,
promising an experience that will exceed your expectations."
"Our team is working tirelessly to improve our
services, ensuring a seamless and excellent experience. While we look forward
to launching our cTrader platform, we are committed to synchronizing all
accounts, including MetaTrader, to ensure flawless processes and trading
conditions."
True Forex Funds is not the only company grappling
with challenges in the proprietary trading space. Last year, the Commodity
Futures Trading Commission (CFTC) and the Ontario Securities Commission (OSC)
took action against My Forex Funds and its owner, Murtuza Kazmi.
The CFTC and OSC brought charges against Kazmi
and his companies, Traders Global Group Inc., in New Jersey and Canada. My
Forex Funds purportedly offered retail customers the opportunity to become
"professional traders" using the company's money.
However, investigations reveal that Traders Global
operated as a counterparty to most customer trades, not as a liquidity provider
as claimed. The CFTC obtained a restraining order freezing assets and mandating
the submission of records for examination.
Meanwhile, FPFX Technologies, a technology firm in the proprietary trading industry, allegedly terminated its agreement with Funded Engineer recently. This decision marked the end of another partnership in the trading community, highlighting broader challenges in the sector.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
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βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa