FX Capital Funding has joined the ranks of proprietary trading companies expanding their platform offerings by adding MetaTrader to their suite of trading tools. This move comes five months after the chaos in the trader-funded firms (TFFs) industry related to MetaQuotes licenses.

FX Capital Funding Introduces MetaTrader

According to information published on the prop firm's official Telegram channel, trading based on MT4/5 was added this week, on July 22, 2024. As a result, FX Capital Funding now offers its clients the opportunity to participate in challenges on four different platforms. In addition to MetaTrader, these include cTrader, Match-Trader, and DXTrade with TradingView.

“FX Capital Funding is now offering the MetaQuotes family of trading platforms,” the company commented on Telegram. “Please note, these platforms will not be available to US customers at this time.”

This information indicates that although MetaTrader will be included in FX Capital Funding's offering, it will not be available to clients from the United States. This was one of the main issues in February of this year when MetaQuotes suddenly withdrew from licensing prop firms or brokers who grey-labeled their licenses to TFFs.

More Firms Adding MetaTrader

In the past month, at least several firms in the prop trading industry have once again put MetaQuotes platforms in the hands of their clients. At the end of June, Union Wealth Management (UWM) did so, based on a new-old agreement with Eightcap.

In mid-July, Axe Trader also announced the return of MetaTrader to its offering, adding the platform to cTrader, Match-Trader, and DXtrade. Meanwhile, MT 4/5 also appeared in the offering of Goat Funded Trader (GFT), but after a month, the firm was forced to suspend the use of the platform and offer TradeLock as an alternative to its clients.

“Due to multiple outages of Platform4 and our continuous commitment to ensure our traders have a good trading experience, all Platform4 accounts will now be migrated to MatchTrader,” Edoardo Dalla Torre, the CEO of GTF, stated.

On one hand, MetaTrader is returning to prop firms' offerings, but on the other hand, the example of GFT shows that it still remains problematic for entities in the sector. FX/CFD brokers, for whom MetaQuotes licenses are not an issue, have decided to take advantage of this situation and have also started offering prop trading services, attracting new clients.

Finance Magnates has prepared a summary of the four offerings, which you can find here.