Category: FX
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FCA Flags Clone Firms Posing as Eurotrader, First Abu Dhabi Bank
In a recent warning that feels a bit like déjà vu for those following the financial markets, the UK’s Financial Conduct Authority (FCA) has spotlighted a new clone firm scandal….
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Funding Pips Rises Again with Shift to Ctrader and TradeLocker
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…
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SEC Takes Action Against Contrarian Capital Management
The Securities and Exchange Commission (SEC) has instituted cease-and-desist proceedings against Contrarian Capital Management, L.L.C. (“Contrarian”) for violating Rule 105 of Regulation M under the Securities Exchange Act of 1934….
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ThinkMarkets Cuts Ties with Prop Trading Firms on MT5 Restrictions
Proprietary trading firm Instant Funding has joined a growing list of retail platforms in halting the onboarding of new US clients. This decision comes in response to a recent move…
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Prop Trading: Blue Guardian Limits New Account Registrations for US Clients
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…
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Funding Pips Completes Migration to Match-Trade Platform After MetaQuotes Disruption
After facing disruptions and losing access to MetaQuotes’ popular trading platforms, Funding Pips, a prop trading firm, announced a successful migration of user accounts and transaction history to a competing…
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Prop Trading: Alpha Capital, Audacity Halt Onboarding US Clients Purchases
Alpha Capital Group has announced an immediate suspension of purchases for its US-based clients, joining a growing list of proprietary trading firms adjusting to the evolving market landscape. The decision,…
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Crypto Fund Trader Stops US Sign-Ups, FTMO Restores MetaTrader Access
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…
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Funding Pips Shifts to cTrader, DXtrade Amid MetaQuotes Crackdown
In a notable pivot following MetaQuotes’ sudden suspension of its services for prop trading firms with active US accounts, retail prop trading firm Funding Pips plans to integrate several alternative…
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Prop trading firm FTMO apparently banned by MetaQuotes
MetaQuotes, the developer behind the widely-used MT4 and MT5 trading platforms, has escalated its regulatory oversight, leading to significant repercussions for proprietary trading firms and brokers, particularly those servicing US…
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StoneX Group Announces Pricing for $550 Million Senior Secured Notes
StoneX Group Inc. (NASDAQ: SNEX) has disclosed the pricing details for its upcoming offering of $550 million in aggregate principal amount of 7.875% Senior Secured Notes due 2031. This private…
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Find out if your prop firm will shutter as MetaQuotes pulls plug
MetaQuotes, the developer behind MT4 and MT5, is getting stricter with its rules, impacting brokers and prop trading outfits dealing with US clients. This has led to significant shifts, like…
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True Forex Funds to Resume Operations After License Dispute with MetaQuotes
True Forex Funds, a proprietary trading firm based in Hungary, is preparing to restart its operations next week following a sudden halt caused by the termination of its MT4 and…
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Firstrade Teams Up with Trading Central for Enhanced Analytical Tools
Firstrade, an online brokerage established in 1985, announced a partnership with Trading Central to broaden the range of analytical tools available to its clients. This collaboration seeks to assist investors…
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Funded Engineer Hits Snag in Relaunch Plans Amid Broker Switch
Funded Engineer, a Dubai-based proprietary trading firm, is facing a hiccup in its plans to relaunch services after its software licenses were axed by tech provider FPFX Technologies last week….
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Exness Kicks Off 2024 with a Surge in Trading Volumes and Record Number of Active Traders
Exness, a Cyprus-based multi-asset broker, has initiated the year 2024 on a positive note, witnessing a significant increase in trading volumes for January over December 2023. Despite the fewer trading…
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Admirals Announces Major Senior Management Overhaul Amid Financial Challenges
Admirals Group AS, a prominent retail FX and CFDs broker, has announced significant changes to its senior management team, including the departure of its longstanding CEO, Sergei Bogatenkov, and the…
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FTX Estate to Sell Digital Custody Inc. to CoinList for $500,000
The FTX Debtors estate, under the leadership of CEO John Ray III, is moving forward with the sale of another asset, Digital Custody Inc. (DCI), as part of its ongoing…
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