This move reflects a broader trend in the proprietary trading industry.
Recently, The Funded Trader, Swift Funding, and Lark Funding embraced DXTrade.
Proprietary trading platform For Traders is nearing
completion of its integration with DXTrade as new developments in the
proprietary trading space unfold. This step mirrors similar moves in the
sector, where companies have forged new partnerships to navigate
regulatory challenges.
Previously known as Billions Club, For Traders is
based in the United Arab Emirates under its CEO, Jakub Roz. According to
propfirmmatch.com, the firm has partnered with Purple Trading and has account
sizes ranging from $5,000 to $200,000.
Licensing Issues and Regulatory Concerns
On February 14, Funding Pips, a prominent proprietary trading platform, abruptly ceased operations, causing widespread uncertainty in the proprietary trading sector. MetaQuotes' crackdown on proprietary trading companies that rely on its platforms, MetaTrader 4 and 5, has left many firms facing challenges.
The key issue revolves around licensing
discrepancies, particularly for firms catering to US clients without
proper authorization. MetaQuotes' action reflects its reluctance to engage
with the regulatory complexities of the US market, aiming to safeguard its
interests.
Proprietary trading firm Lark Funding recently ceased purchases for US clients due to regulatory changes impacting the region. The firm plans to migrate existing US traders to the DXTrade platform. Following the regulatory crackdown, Lark Funding's CEO, Matt L., recently confirmed the platform's decision to halt services for US traders.
The unexpected decision by MetaQuotes to
withdraw support for the proprietary trading firm sent shockwaves throughout the
industry, leaving many prop firms searching for solutions. As the dust
settles, it's becoming clear that the landscape of proprietary trading is
undergoing a significant transformation.
For Traders Shifts Strategy
According to propfirmmatch.com, For Traders employs a two-step evaluation
process. In Phase 1, traders must meet a profit target of 8%, followed by a
target of 5% in Phase 2. The firm offers a range of trading instruments,
including forex pairs, commodities, equities, indices, and cryptocurrencies.
During the Challenge Phase, For Traders' users have access to higher leverage, with forex trading offering a leverage of 1:125,
while indices, stocks, and commodities provide a leverage of 1:20. As traders progress to the Funded Phase, leverage
ratios undergo adjustments. Forex trading leverage reduces to 1:40, while
indices, stocks, and commodities maintain a leverage of 1:20.
Proprietary trading platform For Traders is nearing
completion of its integration with DXTrade as new developments in the
proprietary trading space unfold. This step mirrors similar moves in the
sector, where companies have forged new partnerships to navigate
regulatory challenges.
Previously known as Billions Club, For Traders is
based in the United Arab Emirates under its CEO, Jakub Roz. According to
propfirmmatch.com, the firm has partnered with Purple Trading and has account
sizes ranging from $5,000 to $200,000.
Licensing Issues and Regulatory Concerns
On February 14, Funding Pips, a prominent proprietary trading platform, abruptly ceased operations, causing widespread uncertainty in the proprietary trading sector. MetaQuotes' crackdown on proprietary trading companies that rely on its platforms, MetaTrader 4 and 5, has left many firms facing challenges.
The key issue revolves around licensing
discrepancies, particularly for firms catering to US clients without
proper authorization. MetaQuotes' action reflects its reluctance to engage
with the regulatory complexities of the US market, aiming to safeguard its
interests.
Proprietary trading firm Lark Funding recently ceased purchases for US clients due to regulatory changes impacting the region. The firm plans to migrate existing US traders to the DXTrade platform. Following the regulatory crackdown, Lark Funding's CEO, Matt L., recently confirmed the platform's decision to halt services for US traders.
The unexpected decision by MetaQuotes to
withdraw support for the proprietary trading firm sent shockwaves throughout the
industry, leaving many prop firms searching for solutions. As the dust
settles, it's becoming clear that the landscape of proprietary trading is
undergoing a significant transformation.
For Traders Shifts Strategy
According to propfirmmatch.com, For Traders employs a two-step evaluation
process. In Phase 1, traders must meet a profit target of 8%, followed by a
target of 5% in Phase 2. The firm offers a range of trading instruments,
including forex pairs, commodities, equities, indices, and cryptocurrencies.
During the Challenge Phase, For Traders' users have access to higher leverage, with forex trading offering a leverage of 1:125,
while indices, stocks, and commodities provide a leverage of 1:20. As traders progress to the Funded Phase, leverage
ratios undergo adjustments. Forex trading leverage reduces to 1:40, while
indices, stocks, and commodities maintain a leverage of 1:20.
Dutch Neobank Bux Taps 30-Year Financial Veteran as Chairperson
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa