Compliance concerns prompted The5ers to temporarily halt onboarding traders in the US.
The5ers has assured its clients that efforts are underway to update its guidelines.
The5ers, a proprietary
trading firm, has temporarily ceased onboarding new traders in the US amid regulatory pressure. The company's action is in response to the evolving regulatory
concern surrounding the participation of US traders in the proprietary
trading space.
Citing the need for clarity on the legal
implications concerning proprietary trading in the US, the firm
emphasized ensuring compliance with regulatory requirements. Besides that, The5ers reassured its clients in the US that
efforts are underway to update guidelines to meet the needs of traders in the region.
Navigating Regulatory Uncertainty
In a post on X, the company mentioned: "Due to
recent events, we have made the difficult decision to suspend onboarding new US
traders. This measure will remain in effect until we have a clearer
understanding of the legal implications surrounding US individuals trading for
prop funds."
Source: X
The5ers has urged patience as it works to adapt to
regulatory changes and provide clarity for its users in the region. The firm's decision
reflects the ongoing efforts by proprietary firms to address the regulatory
uncertainties in the sector.
Addressing possible misunderstandings among its
users, The5ers clarified a concern by one of its clients about a communication
shared earlier. It acknowledged the challenges in its decision due to the
turbulent times in the proprietary trading sector.
Source: X
US Regulatory Scrutiny Impacts MetaTrader Licensees
The regulatory scrutiny against leveraged trading
services and CFDs has intensified in the US. A recent decision by MetaQuotes to enforce restrictions on proprietary trading firms using MetaTrader
licenses has sent shockwaves through the industry.
Blackbull Markets, a brokerage offering grey-labeled
MetaTrader services, was compelled to cut ties with Funding Pips due to its active accounts from the US. While not publicly acknowledged by MetaQuotes, this move reflected the company's stance on compliance with US regulations.
The termination of services to Funding Pips
underscores the challenges faced by brokers operating in the grey label space.
While Blackbull Markets facilitated simulated trading for Funding Pips via MT5
demo servers, the presence of clients from the US triggered the abrupt end of their
partnership.
Similarly, Smart Prop Trader recently announced its plans to migrate to multiple new brokers and integrate the cTrader trading
platform. This step happened amidst regulatory scrutiny
targeting prop trading firms.
Proprietary trading, which allows traders to leverage company funds in live markets, has traditionally
operated outside the scope of stringent financial regulations. However, recent
developments, including the lawsuit against My Forex Funds by the US commodities
regulator, have thrust proprietary trading into the regulatory spotlight.
The5ers, a proprietary
trading firm, has temporarily ceased onboarding new traders in the US amid regulatory pressure. The company's action is in response to the evolving regulatory
concern surrounding the participation of US traders in the proprietary
trading space.
Citing the need for clarity on the legal
implications concerning proprietary trading in the US, the firm
emphasized ensuring compliance with regulatory requirements. Besides that, The5ers reassured its clients in the US that
efforts are underway to update guidelines to meet the needs of traders in the region.
Navigating Regulatory Uncertainty
In a post on X, the company mentioned: "Due to
recent events, we have made the difficult decision to suspend onboarding new US
traders. This measure will remain in effect until we have a clearer
understanding of the legal implications surrounding US individuals trading for
prop funds."
Source: X
The5ers has urged patience as it works to adapt to
regulatory changes and provide clarity for its users in the region. The firm's decision
reflects the ongoing efforts by proprietary firms to address the regulatory
uncertainties in the sector.
Addressing possible misunderstandings among its
users, The5ers clarified a concern by one of its clients about a communication
shared earlier. It acknowledged the challenges in its decision due to the
turbulent times in the proprietary trading sector.
Source: X
US Regulatory Scrutiny Impacts MetaTrader Licensees
The regulatory scrutiny against leveraged trading
services and CFDs has intensified in the US. A recent decision by MetaQuotes to enforce restrictions on proprietary trading firms using MetaTrader
licenses has sent shockwaves through the industry.
Blackbull Markets, a brokerage offering grey-labeled
MetaTrader services, was compelled to cut ties with Funding Pips due to its active accounts from the US. While not publicly acknowledged by MetaQuotes, this move reflected the company's stance on compliance with US regulations.
The termination of services to Funding Pips
underscores the challenges faced by brokers operating in the grey label space.
While Blackbull Markets facilitated simulated trading for Funding Pips via MT5
demo servers, the presence of clients from the US triggered the abrupt end of their
partnership.
Similarly, Smart Prop Trader recently announced its plans to migrate to multiple new brokers and integrate the cTrader trading
platform. This step happened amidst regulatory scrutiny
targeting prop trading firms.
Proprietary trading, which allows traders to leverage company funds in live markets, has traditionally
operated outside the scope of stringent financial regulations. However, recent
developments, including the lawsuit against My Forex Funds by the US commodities
regulator, have thrust proprietary trading into the regulatory spotlight.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
