Financial and Business News

Prop Firm Goat Funded Trader Reintroduces MetaTrader 4 After Four-Month Hiatus

Saturday, 22/06/2024 | 12:57 GMT by Damian Chmiel
  • The company claims the move was possible due to its own in-house technology.
  • In addition to MT4 and new tech solutions, the company also unveiled a revamped website.
Prop Trading

Prop trading firm Goat Funded Trader (GFT) is once again offering its clients access to the MetaTrader 4 platform after a four-month break. According to information posted on GFT's social media, this was made possible by implementing "in-house tech." Simultaneously, the company unveiled a refreshed look for its website.

MetaTrader 4 Returns to Goat Funded Trader

GFT was among the firms that lost access to MetaQuotes trading platforms in February 2024 due to licensing issues. Goat Funded Trader, along with several other prop firms, including Funded Engineer, AquaFunded, and The Funded Trader, utilized the services of Purple Trading, which grey-labelled its MetaTrader license to prop trading entities.

However, MetaQuotes began cracking down on the proprietary trading industry and forced Purple Trading to terminate their services to GFT and the other prop firms they collaborated with. These firms switched to alternative platforms, but the absence of MetaTrader 4 (and 5) was undoubtedly felt, as they are the most popular tools for retail investors.

According to information posted on X (formerly Twitter), GFT has resolved its licensing issues after four months and, thanks to the implementation of its own technological solutions, can once again offer clients access to MT4.

In addition, Goat Funded Trader also presented a refreshed look for its website.

Source: GFT
Source: GFT

On its Discord, the company announced MetaTrader's return slightly earlier, also claiming that its collaborating traders had allegedly made payouts totaling $2.6 million.

Source: GFT Discord
Source: GFT Discord

The World of Prop Trading is Rapidly Changing

The changes taking place in the world of retail prop trading are extremely dynamic. Every week, we hear about new entities opening while other firms collapse. For example, in the first half of June, FX/CFD broker Trade.com joined the ranks of companies in the industry that decided to offer prop trading to their clients within a licensed entity.

A few days earlier, Alpha Capital banned 150 of its traders on suspicion of prohibited group trading. At the end of May, SurgeTrader shut down after losing its license for MetaTrader and then for Match-Trader.

Finance Magnates recently compared several popular prop trading firms in the USA, examining the trading conditions and account types they offer their clients.

Prop trading firm Goat Funded Trader (GFT) is once again offering its clients access to the MetaTrader 4 platform after a four-month break. According to information posted on GFT's social media, this was made possible by implementing "in-house tech." Simultaneously, the company unveiled a refreshed look for its website.

MetaTrader 4 Returns to Goat Funded Trader

GFT was among the firms that lost access to MetaQuotes trading platforms in February 2024 due to licensing issues. Goat Funded Trader, along with several other prop firms, including Funded Engineer, AquaFunded, and The Funded Trader, utilized the services of Purple Trading, which grey-labelled its MetaTrader license to prop trading entities.

However, MetaQuotes began cracking down on the proprietary trading industry and forced Purple Trading to terminate their services to GFT and the other prop firms they collaborated with. These firms switched to alternative platforms, but the absence of MetaTrader 4 (and 5) was undoubtedly felt, as they are the most popular tools for retail investors.

According to information posted on X (formerly Twitter), GFT has resolved its licensing issues after four months and, thanks to the implementation of its own technological solutions, can once again offer clients access to MT4.

In addition, Goat Funded Trader also presented a refreshed look for its website.

Source: GFT
Source: GFT

On its Discord, the company announced MetaTrader's return slightly earlier, also claiming that its collaborating traders had allegedly made payouts totaling $2.6 million.

Source: GFT Discord
Source: GFT Discord

The World of Prop Trading is Rapidly Changing

The changes taking place in the world of retail prop trading are extremely dynamic. Every week, we hear about new entities opening while other firms collapse. For example, in the first half of June, FX/CFD broker Trade.com joined the ranks of companies in the industry that decided to offer prop trading to their clients within a licensed entity.

A few days earlier, Alpha Capital banned 150 of its traders on suspicion of prohibited group trading. At the end of May, SurgeTrader shut down after losing its license for MetaTrader and then for Match-Trader.

Finance Magnates recently compared several popular prop trading firms in the USA, examining the trading conditions and account types they offer their clients.

Topics
prop firms
metatrader
prop trading
About the Author: Damian Chmiel
Damian Chmiel
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Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

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