The turbulence in the prop trading industry continues as Blue Guardian joins the ranks of firms restricting new account registrations for US clients. The restriction, effective immediately, applies to both US residents and individuals with dual citizenship residing in the US.

Existing US clients of Blue Guardian can continue trading without interruption, while clients outside the US remain unaffected. The firm announced these changes in a recent tweet, emphasizing its commitment to enhancing security and stability for traders.

Blue Guardian plans to establish a regulated broker to host all non-US clients on dedicated servers by early March, ensuring uninterrupted trading activities and protection against external risks. For current US clients, the firm is preparing to transition accounts to DX Trade, set to be fully operational within the next two weeks. Consequently, new US client registrations are temporarily paused until DX Trade’s launch.

This move aligns with a broader trend in the industry following alleged actions by MetaQuotes Software, the provider of MetaTrader trading platforms. MetaQuotes is reportedly pressuring license holders to cease US services or risk losing their licenses. Several prominent prop firms, including FTMO, The5ers, Alpha Capital Group, MyFundedFX, Audacity Capital, and others, have recently implemented restrictions or ceased US support. Bespoke, for instance, ended US client support shortly before Blue Guardian’s announcement.