After a few days of unexpected downtime, the mobile servers of the MetaTrader app offered by the prop firm FTMO are back online, following the successful resolution of a "temporary issue."

Meanwhile, discussions about ceasing the onboarding of clients from the USA and migrating from MetaQuotes platforms to DXtrade are still taking place in the background.

Weekend Issues with FTMO's MT4 and MT5 Servers

Over the weekend, numerous posts appeared on X (formerly Twitter), informing that FTMO's servers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5 MetaTrader 5 (MT5) MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail Read this Term). Speculations suggested that one of the reasons could be the migration of US investors to the DXtrade platform. On Sunday, one of the moderators of FTMO's official Discord channel, known as Carlos, commented: "Tomorrow, there will be an official announcement in that regard."

Official announcement coming tomorrow regarding FTMO server on mobile pic.twitter.com/ooOXZ5YvqS

— PropSafe (@propsafeio) February 18, 2024

True to their word, by midday, an official statement was released by FTMO, clarifying that the weekend's server issues with MT4 and MT5 were only related to mobile servers and had been resolved.

"The temporary issue regarding the availability of the FTMO servers on the mobile MT4/MT5 app has been successfully resolved," the FTMO team commented on the Discord channel.

@FTMO_com just confirmed on their Discord channel that "The temporary issue regarding the availability of the FTMO servers on the mobile MT4/MT5 app has been successfully resolved" pic.twitter.com/ikIjWgdG4W

— Damian Chmiel (@ChmielDk) February 19, 2024

They further explained: "Our team has been working diligently to ensure that our MT4 & MT5 servers are fully operational on the mobile application once again. We understand the importance of having access to your trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term at your fingertips, and we sincerely apologize for any inconvenience this may have caused."

FTMO severs back https://t.co/Q2xXqZxqLP

— PropSafe (@propsafeio) February 19, 2024

The Future for US Clients

Although the problems with the MT4 and MT5 servers have been resolved for now, the situation of FTMO clients from the United States remains problematic. As exclusively reported by Finance Magnates on Sunday, according to an email sent to one of FTMO's clients, as of February 19, MT4 and MT5 servers are not available to traders from the USA.

"This decision affects both US nationals and residents and covers all desktop, web, and mobile versions of the trading platforms," the email from FTMO support read.

The email also mentioned that the account would be transferred to the new DXtrade platform, with links provided to get acquainted with the new platform and its developers.

It appears there is an exodus of prop trading firms from the USA, with the list of those still offering their services to clients in this region rapidly shrinking.

Prop firms that still allow US traders 🇺🇸
-TFT
-MFFX
-Blue Guardian
-GOAT
-Alpha Capital Group
-Bright Funded
-Funding Traders
-E8
-MyFlashFunding
-Lark
-FXify
-Bespoke
-SFT
-SPT
-Swift
-CTI
-Glow Node
-For Traders

Please add any I missed below and I’ll continue to update

— PropSafe (@propsafeio) February 19, 2024

In a LinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 prop firms she investigated, only 3 currently offer cTrader or DXTrader. According to Aratovskaya, many of them "are not ready to say goodbye to MT4/MT5."

Could the words that FTMO representatives said during the FMLS:23 panel "3 players will take 80%" of the prop trading market, be prophetic?