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 platform by Match-Trade Technologies.

The move comes shortly after MetaQuotes terminated its partnership with Funding Pips for serving US clients without necessary regulatory approvals. Funding Pips’ CEO confirmed a complete migration from existing servers to Match-Trade Technologies’ platform, Match-Trader, which is now undergoing stress tests.

Khaled Ayesh, speaking on the official Discord channel, stated that “Match-Trader is 100% done, everything is migrated,” assuring that commissions and spreads from Meta Trader 4 and 5 have been retained. The company is also exploring alternative platforms like Dxtrade and Ctrader, aiming for TradeLocker as the final option.`

“Don’t worry community your most reliable firm is almost back in a matter of days you will have a wide range of options (trading platforms) to trade peacefully with, same trading conditions and same work ethics but this time we are stronger more structured and more compliant might take us a bit of time to regain our position but we won’t settle for less. Plus I have too many surprises for you, way too many,” Khaled added.

Funding Pips is awaiting MetaQuotes’ response regarding the possibility of obtaining its own license. Meanwhile, the company is working on acquiring cryptocurrency and futures licenses to prevent future service interruptions for US clients.

The rationale behind MetaQuotes’ decision to sever ties with prop trading entities and the potential implications for the future of the prop trading industry have been analyzed in a video by Boris Schlossberg of BKTraders. This analysis provides valuable insights into the evolving landscape of forex trading and the challenges faced by prop trading firms in adapting to new regulatory and operational realities.