In another blow to the prop trading industry, Funding Pips has abruptly closed trading and stopped services for all traders. Finance Magnates has learned that the prop trading company has sent notices to its clients calling the move an “unexpected urgent maintenance.”
However, many traders on social media are pointing out that the service of Funding Pips were disrupted as its only brokerage partner, Blackbull Markets, has lost its MetaTrader 5 license. Traders are also pointing out that Blackbull Markets’ website is not working anymore and active positions on MetaQuotes have been disabled.
Finance Magnates reached out to MetaQuotes and Blackbull Markets, but did not receive any response as of press time.
Expect ongoing updates as this story evolves.
In another blow to the prop trading industry, Funding Pips has abruptly closed trading and stopped services for all traders. Finance Magnates has learned that the prop trading company has sent notices to its clients calling the move an “unexpected urgent maintenance.”
However, many traders on social media are pointing out that the service of Funding Pips were disrupted as its only brokerage partner, Blackbull Markets, has lost its MetaTrader 5 license. Traders are also pointing out that Blackbull Markets’ website is not working anymore and active positions on MetaQuotes have been disabled.
Finance Magnates reached out to MetaQuotes and Blackbull Markets, but did not receive any response as of press time.
Expect ongoing updates as this story evolves.
