Crypto Fund Trader, a specialized prop trading firm focusing on cryptocurrency-forex pairs, has announced significant changes in its service offerings for US-based clients on the MetaTrader 5 (MT5) platform. In a proactive measure to maintain its Full License with MetaQuotes and navigate the evolving regulatory environment, the firm will temporarily halt new purchases from US clients on MT5. However, it confirmed that US clients’ accounts would remain active, allowing them to engage with evaluations on the Crypto Fund Trader (CFT) Platform.

Operated by Spain-based RLCRATES, S.L., Crypto Fund Trader offers a unique niche in prop trading with its crypto-focused trading pairs and funding opportunities up to $200,000 for traders. This move comes as the latest in a series of actions by prop trading firms adjusting their operations in response to the changing landscape around prop firms’ use of MetaQuotes’ platforms.

The firm’s decision echoes broader industry trends, with notable entities like The5ers and FTMO also modifying their services for US clients amidst MetaQuotes’ alleged crackdown. FTMO, for instance, has been directing its clients towards the DXtrade trading platform as an alternative.

Despite the temporary suspension of services on MT5 for US clients, Crypto Fund Trader emphasizes its commitment to adapting to the industry’s new era, signaling its intention to remain a competitive player in the prop trading space.

In related news, FTMO has managed to restore mobile server functionality for its MetaTrader app after a brief period of downtime, attributed to a “temporary issue.” The firm has been actively discussing strategies for US client onboarding and platform migration, highlighting the dynamic nature of the prop trading industry’s response to regulatory and technological challenges.