Karma Prop Traders announced this week that it's expanding its range of available trading platforms by adding Match-Trader, which was integrated with TradingView charts earlier this month. Additionally, the prop firm announced several updates to its current offerings.
Match-Trader with TradingView Now Available at Karma Prop Traders
Prop firm Karma announced five updates on its official Discord following its successful launch in 2024. The most significant of these is the addition of Match-Trader from Match-Trade Technologies to its current platform lineup.
“We have had an amazing first two months, and I am extremely happy for everyone to be part of Karma,” Eshan Balapatabendi, the company’s Founder, commented.
In addition to integration with Match-Trader, the company also launched an affiliate portal and prepared three different trading contests for its clients. The first is on the Match-Trader platform, the second for affiliates , and the third for Discord users.
Karma thus joins a growing number of prop firms choosing to offer Match-Trader to their clients as an alternative (or main option) to MetaTrader. Since the regulatory dispute with MetaQuotes earlier this year, Match-Trader has gained significant popularity among proprietary trading firms.
Moreover, at the beginning of this month, Match-Trade added TradingView chart integration to its platform and special pricing for challenge accounts. This expands on the existing collaboration between the two companies announced earlier this year.
Celebrating our second month with a bang! Enjoy a 40% discount on all challenges. 🎉
— Karma Prop Traders (@karmaproptrader) August 5, 2024
Use code: 2MONTHS and save big! 💸✨ pic.twitter.com/O9mAdRC4Im
“By integrating TradingView charts directly into our platform, we are addressing a key challenge faced by traders who need robust, versatile tools within a unified interface,” said Alexis Droussiotis, Head of the Match-Trader platform. “This upgrade underscores our commitment to meeting traders' needs and enhancing their trading environment.”
Karma is one of the newer brands in the proprietary trading market, operating for only two months, founded by Balapatabendi. He built his industry experience over two years as an individual investor and as a financial influencer, creating content about his results in various traded-funded firms (TFFs).
Match-Trader Increasingly Popular among Prop Firms
Currently, Match-Trader is offered by over half of the top 10 entities operating in this sector, according to PropFirmMatch data.
For example, Equity Edge, which lost access to MetaTrader 5, recently added it to its offerings. An announcement by the prop trading firm on its social media channels noted that “our broker has been facing issues with Platform 5, which has caused all accounts to be invalid.”
The Funded Trader (TFT) clients have also been waiting for the platform launch for a month. The firm has already abandoned MetaQuotes platforms twice this year due to regulatory issues.
“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,” stated Edoardo Dalla Torre, the CEO, in mid-July.