Regulation

Prop Firm FTMO Restores MetaTrader Mobile, but Not for All

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written by

After a few
days of unexpected downtime, the mobile servers of the MetaTrader app offered
by the prop firm FTMO are back online, following the successful resolution of a
“temporary issue.”

Meanwhile,
discussions about ceasing the onboarding of clients from the USA and migrating
from MetaQuotes platforms to DXtrade are still taking place in the background.

Over the
weekend, numerous posts appeared on X (formerly Twitter), informing that FTMO’s
servers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5 ).
Speculations suggested that one of the reasons could be the migration of US
investors to the DXtrade platform. On Sunday, one of the moderators of FTMO’s
official Discord channel, known as Carlos, commented: “Tomorrow, there
will be an official announcement in that regard.”

True to
their word, by midday, an official statement was released by FTMO, clarifying
that the weekend’s server issues with MT4 and MT5 were only related to mobile
servers and had been resolved.

“The
temporary issue regarding the availability of the FTMO servers on the mobile
MT4/MT5 app has been successfully resolved,” the FTMO team commented on
the Discord channel.

They
further explained: “Our team has been working diligently to ensure that
our MT4 & MT5 servers are fully operational on the mobile application once
again. We understand the importance of having access to your trading platform
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused.”

The Future for US Clients

Although
the problems with the MT4 and MT5 servers have been resolved for now, the
situation of FTMO clients from the United States remains problematic. As
exclusively reported by Finance Magnates on Sunday, according to an
email sent to one of FTMO’s clients, as of February 19, MT4 and MT5 servers are
not available to traders from the USA.

“This
decision affects both US nationals and residents and covers all desktop, web,
and mobile versions of the trading platforms,” the email from FTMO support
read.

FTMO’s email to X’s user “US30”

The email
also mentioned that the account would be transferred to the new DXtrade
platform, with links provided to get acquainted with the new platform and its
developers.

It appears
there is an exodus of prop trading firms from the USA, with the list of those
still offering their services to clients in this region rapidly shrinking.

In a
LinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 prop
firms she investigated, only 3 currently offer cTrader or DXTrader. According
to Aratovskaya, many of them “are not ready to say goodbye to
MT4/MT5.”

Could the words that FTMO representatives said during the FMLS:23 panel “3 players will take 80%” of the prop trading market, be prophetic?

After a few
days of unexpected downtime, the mobile servers of the MetaTrader app offered
by the prop firm FTMO are back online, following the successful resolution of a
“temporary issue.”

Meanwhile,
discussions about ceasing the onboarding of clients from the USA and migrating
from MetaQuotes platforms to DXtrade are still taking place in the background.

Over the
weekend, numerous posts appeared on X (formerly Twitter), informing that FTMO’s
servers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5 ).
Speculations suggested that one of the reasons could be the migration of US
investors to the DXtrade platform. On Sunday, one of the moderators of FTMO’s
official Discord channel, known as Carlos, commented: “Tomorrow, there
will be an official announcement in that regard.”

True to
their word, by midday, an official statement was released by FTMO, clarifying
that the weekend’s server issues with MT4 and MT5 were only related to mobile
servers and had been resolved.

“The
temporary issue regarding the availability of the FTMO servers on the mobile
MT4/MT5 app has been successfully resolved,” the FTMO team commented on
the Discord channel.

They
further explained: “Our team has been working diligently to ensure that
our MT4 & MT5 servers are fully operational on the mobile application once
again. We understand the importance of having access to your trading platform
at your fingertips, and we sincerely apologize for any inconvenience this may
have caused.”

The Future for US Clients

Although
the problems with the MT4 and MT5 servers have been resolved for now, the
situation of FTMO clients from the United States remains problematic. As
exclusively reported by Finance Magnates on Sunday, according to an
email sent to one of FTMO’s clients, as of February 19, MT4 and MT5 servers are
not available to traders from the USA.

“This
decision affects both US nationals and residents and covers all desktop, web,
and mobile versions of the trading platforms,” the email from FTMO support
read.

FTMO’s email to X’s user “US30”

The email
also mentioned that the account would be transferred to the new DXtrade
platform, with links provided to get acquainted with the new platform and its
developers.

It appears
there is an exodus of prop trading firms from the USA, with the list of those
still offering their services to clients in this region rapidly shrinking.

In a
LinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 prop
firms she investigated, only 3 currently offer cTrader or DXTrader. According
to Aratovskaya, many of them “are not ready to say goodbye to
MT4/MT5.”

Could the words that FTMO representatives said during the FMLS:23 panel “3 players will take 80%” of the prop trading market, be prophetic?



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