Gaining
popularity in the prop trading industry clearly comes with significant risks.
The provider of the TradeLocker trading platform, which has recently gained
traction in the prop trading space, learned this the hard way. According to
information confirmed by TradeLocker, the platform fell victim to a DDoS attack
during Wednesday’s trading session.
As a result,
the platform was not operating for more than an hour, which affected clients and investors of brokers and prop trading firms.
Information
that TradeLocker may have fallen victim to a DDoS attack began to appear after
clients of prop trading firms that use this platform started reporting an
inability to access their accounts.
After the
recent controversies surrounding MetaQuotes’ MetaTrader 4 and 5, many
brokers migrated to TradeLocker, wanting to continue offering their services to
clients, including those from the US.
Among the
firms that migrated were Tradddo, Funding Traders, TopTier Trader, and the
largest of them, Funding Pips. According to information published by the
latter, the platform was unavailable for a little over an hour between 13:12
and 14:25 UTC.
“Taking
into account that the incident was out of our control, we take full
responsibility for the situation. Unfortunately, we have no data during the
platform downtime. However, we have the equity level before and after the
outage which we will utilize to rectify impacted accounts,” commented
Khaled Ayesh, the CEO of Funding Pips, on Discord.
A moment
later, he added on X (formerly Twitter) that TradeLocker most likely fell
victim to two DDoS attacks. “Please keep in mind that we added this lovely
platform because the community requested it,” he stated in response to
criticism over the platform’s failure.
What a day:@TradeLocker & 2 probable DDOS attacks which is their own communication to us.
Their clusters and engines were working perfectly, but still…..
Nevertheless this time around I got creative and figured out away to compensate profits and losses, communicated that in…
— Khaled (@Khldfx) April 17, 2024
However,
TradeLocker did not confirm the information about falling victim to a DDoS
attack for a long time, and such confirmation appeared only a day later, also
on X.
“Hi
everyone, yesterday, our platform faced downtime due to DDoS attacks and a high
load on the public API,” TradeLocker commented. “Our developers
successfully resolved this issue, and you were able to continue your trading
activities.”
Hi everyone, yesterday, our platform faced downtime due to DDoS attacks and a high load on the public API. Our developers successfully resolved this issue and you were able to continue your trading activities.
This attack impacted accessibility for some users across our demo…
— TradeLocker (@tradelockermain) April 18, 2024
The company
added that the attack affected the ability to access demo and live accounts for
“some users,” but all pending orders were operational, so “the
SL&TPs” were being executed.
The platform also decided to introduce enhanced precautionary measures to combat future attacks or issues. “We’ve enhanced our protections, so you may
encounter additional verification checks,” it explained. “This means
you might notice a few extra human verification checks during your use.”
From MetaTrader to TradeLocker
It’s worth
recalling that Funding Pips was one of the first prop trading firms that
suspended its operations in February after Blackbull Markets terminated its
agreement with the prop trading firm as MetaQuotes forced the broker.
A week
later, the company was back on its feet after a quick migration to the
Match-Trader platform. It informed US traders in early March to “stay
tuned for a major comeback.” This comeback was made possible by adding the
TradeLocker platform.
Check our table, which shows which prop firms are currently operating and which serve clients from the USA.
Gaining
popularity in the prop trading industry clearly comes with significant risks.
The provider of the TradeLocker trading platform, which has recently gained
traction in the prop trading space, learned this the hard way. According to
information confirmed by TradeLocker, the platform fell victim to a DDoS attack
during Wednesday’s trading session.
As a result,
the platform was not operating for more than an hour, which affected clients and investors of brokers and prop trading firms.
Information
that TradeLocker may have fallen victim to a DDoS attack began to appear after
clients of prop trading firms that use this platform started reporting an
inability to access their accounts.
After the
recent controversies surrounding MetaQuotes’ MetaTrader 4 and 5, many
brokers migrated to TradeLocker, wanting to continue offering their services to
clients, including those from the US.
Among the
firms that migrated were Tradddo, Funding Traders, TopTier Trader, and the
largest of them, Funding Pips. According to information published by the
latter, the platform was unavailable for a little over an hour between 13:12
and 14:25 UTC.
“Taking
into account that the incident was out of our control, we take full
responsibility for the situation. Unfortunately, we have no data during the
platform downtime. However, we have the equity level before and after the
outage which we will utilize to rectify impacted accounts,” commented
Khaled Ayesh, the CEO of Funding Pips, on Discord.
A moment
later, he added on X (formerly Twitter) that TradeLocker most likely fell
victim to two DDoS attacks. “Please keep in mind that we added this lovely
platform because the community requested it,” he stated in response to
criticism over the platform’s failure.
What a day:@TradeLocker & 2 probable DDOS attacks which is their own communication to us.
Their clusters and engines were working perfectly, but still…..
Nevertheless this time around I got creative and figured out away to compensate profits and losses, communicated that in…
— Khaled (@Khldfx) April 17, 2024
However,
TradeLocker did not confirm the information about falling victim to a DDoS
attack for a long time, and such confirmation appeared only a day later, also
on X.
“Hi
everyone, yesterday, our platform faced downtime due to DDoS attacks and a high
load on the public API,” TradeLocker commented. “Our developers
successfully resolved this issue, and you were able to continue your trading
activities.”
Hi everyone, yesterday, our platform faced downtime due to DDoS attacks and a high load on the public API. Our developers successfully resolved this issue and you were able to continue your trading activities.
This attack impacted accessibility for some users across our demo…
— TradeLocker (@tradelockermain) April 18, 2024
The company
added that the attack affected the ability to access demo and live accounts for
“some users,” but all pending orders were operational, so “the
SL&TPs” were being executed.
The platform also decided to introduce enhanced precautionary measures to combat future attacks or issues. “We’ve enhanced our protections, so you may
encounter additional verification checks,” it explained. “This means
you might notice a few extra human verification checks during your use.”
From MetaTrader to TradeLocker
It’s worth
recalling that Funding Pips was one of the first prop trading firms that
suspended its operations in February after Blackbull Markets terminated its
agreement with the prop trading firm as MetaQuotes forced the broker.
A week
later, the company was back on its feet after a quick migration to the
Match-Trader platform. It informed US traders in early March to “stay
tuned for a major comeback.” This comeback was made possible by adding the
TradeLocker platform.
Check our table, which shows which prop firms are currently operating and which serve clients from the USA.
