The trading world has seen its fair share of drama lately, with prop trading firms caught in a whirlwind due to significant shifts from platform providers like MetaQuotes, and the pressure felt by CFD brokers. Amid this chaos, Funding Pips, a notable player in the prop trading arena, has made a comeback, announcing its return to business with the introduction of the Match-Trader platform, and soon, cTrader and TradeLocker.
In a late-night message to clients via Discord, Funding Pips CEO Khaled Ayesh shared the good news: “We are fully back my people. Next week we are bringing Ctrader and TradeLocker.” He assured clients that all necessary account information, instructions, and tutorials had been distributed, apologizing for the downtime but promising resilience moving forward.
The pivot to Match-Trader, as Ayesh explains, was strategic due to its unique ability to migrate trading accounts history from MT5, ensuring traders’ historical data remains intact. The announcement came with a hint of relief for clients, indicating that the tumultuous days might be behind them, with more robust platform support on the horizon.
Moreover, Ayesh revealed that the Match-Trader platform would soon allow users to adjust stop loss and take profit settings directly on the chart, enhancing the trading experience. However, he also mentioned some teething problems, such as a bug affecting account upgrades, which the team expects to resolve promptly.
In terms of operations, Funding Pips is navigating through what Ayesh refers to as the “blackout time,” pushing most operational aspects, including payouts, to accommodate the transition. For traders, this means adjustments in payout eligibility and the handling of floating losses and profits, with some potentially benefiting or suffering due to the inability to retrieve certain data from the server shutdown.
This strategic move by Funding Pips not only marks their return to the trading scene but also positions them as a resilient force, adapting to industry challenges with new technology and platforms. As the retail prop trading sector continues to evolve, firms like Funding Pips demonstrate the importance of flexibility and innovation in staying ahead.
