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The Funded Trader Embraces cTrader Platform Amidst Industry Shifts
Abstract：The Funded Trader has recently announced a significant move towards the cTrader platform, as revealed on the social media platform X, previously known as Twitter.
The Funded Trader has recently announced a significant move towards the cTrader platform, as revealed on the social media platform X, previously known as Twitter. This announcement, circulated on Wednesday, delineated the migration process details affecting approximately 4,700 individuals.
Traders were provided with explicit instructions to close all ongoing trades by 4 PM EST to ensure a precise transfer of balances to the new cTrader accounts. Failure to comply with this directive would result in the automatic closure of active trades by the system.
Following the closure of all positions by 4 PM EST, each trader's cTrader account will mirror the account type and balance from their DXtrade accounts. Traders are advised to locate their cTrader usernames through the account overview page on their dashboard, with Spotware, the company behind cTrader, poised to furnish additional login details and instructions separately.
Furthermore, The Funded Trader offered assurances that the migration to cTrader would persist for those who have requested it, indicating an ongoing transition process. Traders are urged to remain vigilant and adhere to the provided guidelines to ensure a seamless transition to the new platform.
This initiative stemmed from MetaQuotes' recent implementation of stricter compliance measures, particularly concerning US regulations, which has prompted a series of challenges within the proprietary trading industry. Several firms have found themselves reevaluating their partnerships with MetaQuotes due to mounting concerns about serving US clients. This heightened scrutiny has prompted certain proprietary firms to temporarily suspend services and explore alternative platforms to maintain regulatory compliance and operational resilience.
Previously, The Funded Trader, alongside other proprietary trading firms, migrated to DXTrade, granting traders access to real-time insights. This transition mirrors a broader trend in the proprietary trading landscape. Led by CEO Angelo Ciaramello, The Funded Trader offers account sizes ranging from $5,000 to $400,000 with leverage options across various instruments. MyFundedFX is also in the process of migrating its clients' accounts to DXTrade, with trading activities temporarily suspended during the transition. Users are advised to close open transactions ahead of the migration to avoid system-initiated closures.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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mBank Exposed: Top Reasons Why Customers are Giving Thumbs Down to This Bank
Do you find mBank services too slow or unresponsive? Do you find your account getting blocked? Failing to access your account online due to several systemic glitches? Can’t perform the transactions on the mBank app? Do you also witness inappropriate stop-level trade execution by the financial services provider? You are not alone! Frustrated by these unfortunate circumstances, many of its clients have shared negative mBank reviews online. In this article, we have shared some of the reviews. Read on!
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In-Depth Review of Stonefort Securities Regulation and Oversight – A Trader's Guide to the Risks
For experienced traders, the process of selecting a new broker transcends a simple comparison of spreads and leverage. It is a meticulous due diligence exercise where the integrity of the broker's regulatory framework is paramount. Stonefort Securities, a relatively new entrant in the crowded brokerage space, presents a complex and often contradictory profile. On one hand, it boasts a modern MT5 platform and a stream of positive user testimonials. On the other hand, it is shadowed by severe regulatory warnings that question the very foundation of its operations. This in-depth review focuses on the core issue for any long-term trader: Stonefort Securities regulation and oversight. We will dissect the broker's corporate structure, scrutinize its licensing claims, and analyze what the data implies for trader protection and fund security. For traders evaluating whether Stonefort Securities is a trustworthy partner, understanding these details is not just important—it is essential.
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FXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?
Do FXPesa support officials fail to pick up your calls when you raise fund withdrawal requests with the broker? But are these officials always open to you regarding fund deposits? Do you frequently spot slippage and stop-loss order execution errors on the FXPesa login? These issues are increasingly becoming common with this forex broker. Consequently, many traders have expressed their dissatisfaction with the broker online. In this FXPesa Review article, we have shared some of these complaints. Take a look!
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