Prop trading firm True
Forex Funds experienced disruption after claiming that MetaQuotes, the operator of MT4 and
MT5, terminated its trading platform licenses. This resulted in a temporary
cessation of its services.
This development marked the second instance in
recent months where a notable name in the proprietary trading sector for
foreign exchange (FX) and contract for difference (CFD) traders has faced
operational disruption following the shutdown of Canada’s My Forex Funds by US
and Canadian regulators last September.pite utilizing
In response to the disruption, True Forex Funds’
CEO, Richard Nagy, expressed the team’s commitment to finding a solution and
continuing to serve its traders. Currently, the firm is persuading MetaQuotes
to reconsider its decision while plans are being explored, including the
potential migration of trading accounts to alternative brokers.
Despite the setback, True Forex Funds has reassured
its traders that it will resume its operations. The firm has urged traders to
stay informed and prepare for potential developments, including the settlement
of remaining payouts and the possibility of account migration.
Prop trading firm True
Forex Funds experienced disruption after claiming that MetaQuotes, the operator of MT4 and
MT5, terminated its trading platform licenses. This resulted in a temporary
cessation of its services.
This development marked the second instance in
recent months where a notable name in the proprietary trading sector for
foreign exchange (FX) and contract for difference (CFD) traders has faced
operational disruption following the shutdown of Canada’s My Forex Funds by US
and Canadian regulators last September.pite utilizing
In response to the disruption, True Forex Funds’
CEO, Richard Nagy, expressed the team’s commitment to finding a solution and
continuing to serve its traders. Currently, the firm is persuading MetaQuotes
to reconsider its decision while plans are being explored, including the
potential migration of trading accounts to alternative brokers.
Despite the setback, True Forex Funds has reassured
its traders that it will resume its operations. The firm has urged traders to
stay informed and prepare for potential developments, including the settlement
of remaining payouts and the possibility of account migration.
