MetaTrader servers for FTMO are back after unexpected downtime.
However, the prop firm's clients from the USA can no longer use MT4 and MT5.
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).
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."
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.
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
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused."
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.
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."
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).
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."
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.
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
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused."
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.
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."
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.
FCA, BaFin Warns against These Unregistered Financial Service Providers
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
📣 Stay updated with the latest in finance and trading!
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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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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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!
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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!
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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!
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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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