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, disclosed on X, comes in response to recent developments affecting the proprietary trading industry within the United States. Alpha Capital Group is now seeking legal clarity to navigate the situation and hopes to resume services for US clients once it is viable to do so.
The suspension applies to both new and existing US clients, though the firm’s operations in other regions remain unaffected. Alpha Capital Group has emphasized its commitment to serving its international client base without interruption during this period of uncertainty.
This move mirrors actions by other firms like Audacity Capital, which also recently paused new US customer onboarding due to the industry’s regulatory challenges.
These challenges have been partly attributed to actions by MetaQuotes, the developer behind the popular MetaTrader trading platforms, which has reportedly been pressuring brokers and prop trading firms to comply with stricter standards, especially concerning US clients.
Brokers such as Purple Trading, Blackbull Markets, Eightcap, ThinkMarkets, and Blueberry Markets, known for their partnerships with prop trading firms through MetaTrader platform licensing, have found themselves at the center of these compliance and regulatory adjustments. The industry is closely watching MetaQuotes’ next moves as firms scramble to adapt to the new requirements and maintain their operations within the US market.
