Multiple prop trading firms claimed that Eightcap is terminating its services, and they are migrating to other new brokers.
Finance Magnates reached out to Eightcap which has "not confirmed the accuracy, or endorsed the contents, of the article or substance of various twitter/X comments."
Melbourne-based Eightcap will change its offerings to prop trading firms by ceasing brokerage services, effective from February 29th, based on the claims of several prop trading firms. This move, which the company termed "not uncommon," followed similar steps between several proprietary
trading firms and their brokerage providers.
Finance Magnates reached out to Eightcap, which has "not confirmed the accuracy, or endorsed the contents, of the article or substance of various twitter/X comments."
In a post on LinkedIn on Friday morning, the CEO of Eightcap noted: "The termination of commercial arrangements is not uncommon to us or anyone else in the industry. We have terminated relationships in the past as part of ordinary commercial activities, in similar ways, and to less fanfare."
A post by Eightcap's CEO
Matt L. from Lark Funding mentioned on X: "ThinkMarkets has reassured us several times over the last few
weeks that operations on their end and their relationship with MetaQuotes is
solid. But, of course, we’re not going to rely on just
one broker. We’re already in discussions with other brokers to see who we can
work with and provide additional options to traders."
Source: X
According to another account identified as Blake on X:
"As of this morning, Eightcap has notified all of their prop trading
partners that they will be shutting down their prop firm relationships in 2
weeks. The companies I am personally involved with
are ahead of the pack and already implementing new and more beneficial
alternatives for all traders across the entire industry. More news to
come!"
Source: X
Similarly, another proprietary trading platform, Funded Trading Plus, has been affected by Eightcap's decision. According to a post by an account identified as The Prop Journalist on Twitter, the platform has integrated ThinkMarkets to resolve this issue.
Source: X
MetaQuotes Is Making the Move
MetaQuotes, the platform behind MetaTrader 4 and 5, is
tightening its grip on proprietary trading firms, precipitating the termination of
services for US clients. The recent fallout involves Funding Pips and
brokerages Blackbull Markets and Purple Trading, Finance Magnates reported.
MetaQuotes' actions underscore the challenges
of navigating US regulatory restrictions within the MetaTrader ecosystem. The
termination of services for US clients by Blackbull Markets and Purple Trading
highlights MetaQuotes' stringent stance regarding prop trading firms
operating in the United States.
The decision to terminate services to prop trading
companies stems from MetaQuotes' concerns over active US accounts. Proprietary trading
firms, although operating beyond the traditional regulatory scope, are
increasingly targeted due to their technical exemption from US regulations.
Elsewhere, the proprietary trading firm Funded
Engineer recently postponed plans to relaunch its services. This decision comes
after FPFX Technologies terminated its software licenses. Later, Purple Trading pulled out its brokerage services, prompting Funded
Engineer to switch its brokerage to Blueberry Markets for all client trades.
Funded Engineer has announced refunds for eligible
clients, requiring accounts to have no drawdown greater than 4%. Those with drawdowns
under 4% can request refunds but will lose access to their accounts.
Additionally, the company is addressing a backlog of pending payouts.
Update: This article has been updated with the response and social media post of Eightcap.
Melbourne-based Eightcap will change its offerings to prop trading firms by ceasing brokerage services, effective from February 29th, based on the claims of several prop trading firms. This move, which the company termed "not uncommon," followed similar steps between several proprietary
trading firms and their brokerage providers.
Finance Magnates reached out to Eightcap, which has "not confirmed the accuracy, or endorsed the contents, of the article or substance of various twitter/X comments."
In a post on LinkedIn on Friday morning, the CEO of Eightcap noted: "The termination of commercial arrangements is not uncommon to us or anyone else in the industry. We have terminated relationships in the past as part of ordinary commercial activities, in similar ways, and to less fanfare."
A post by Eightcap's CEO
Matt L. from Lark Funding mentioned on X: "ThinkMarkets has reassured us several times over the last few
weeks that operations on their end and their relationship with MetaQuotes is
solid. But, of course, we’re not going to rely on just
one broker. We’re already in discussions with other brokers to see who we can
work with and provide additional options to traders."
Source: X
According to another account identified as Blake on X:
"As of this morning, Eightcap has notified all of their prop trading
partners that they will be shutting down their prop firm relationships in 2
weeks. The companies I am personally involved with
are ahead of the pack and already implementing new and more beneficial
alternatives for all traders across the entire industry. More news to
come!"
Source: X
Similarly, another proprietary trading platform, Funded Trading Plus, has been affected by Eightcap's decision. According to a post by an account identified as The Prop Journalist on Twitter, the platform has integrated ThinkMarkets to resolve this issue.
Source: X
MetaQuotes Is Making the Move
MetaQuotes, the platform behind MetaTrader 4 and 5, is
tightening its grip on proprietary trading firms, precipitating the termination of
services for US clients. The recent fallout involves Funding Pips and
brokerages Blackbull Markets and Purple Trading, Finance Magnates reported.
MetaQuotes' actions underscore the challenges
of navigating US regulatory restrictions within the MetaTrader ecosystem. The
termination of services for US clients by Blackbull Markets and Purple Trading
highlights MetaQuotes' stringent stance regarding prop trading firms
operating in the United States.
The decision to terminate services to prop trading
companies stems from MetaQuotes' concerns over active US accounts. Proprietary trading
firms, although operating beyond the traditional regulatory scope, are
increasingly targeted due to their technical exemption from US regulations.
Elsewhere, the proprietary trading firm Funded
Engineer recently postponed plans to relaunch its services. This decision comes
after FPFX Technologies terminated its software licenses. Later, Purple Trading pulled out its brokerage services, prompting Funded
Engineer to switch its brokerage to Blueberry Markets for all client trades.
Funded Engineer has announced refunds for eligible
clients, requiring accounts to have no drawdown greater than 4%. Those with drawdowns
under 4% can request refunds but will lose access to their accounts.
Additionally, the company is addressing a backlog of pending payouts.
Update: This article has been updated with the response and social media post of Eightcap.
From Volumes to Regulation: Patterns Shaping the Online Trading Industry
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
