Instant Funding, a proprietary trading firm, has announcedvia their social media platform X (formerly Twitter) thatsignificant changes are underway regarding their trading platform for Americanclients. The alteration stems from a recent decision by their partner broker,ThinkMarkets.
Effective at the conclusion of the trading session onFriday, February 23, ThinkMarkets will discontinue its services to clients ofproprietary firms in the United States. This action aligns with a directivefrom Instant Funding's current trading platform provider.
“As of the end of the trading session on Friday, February23, ThinkMarketswill cease to provide services to prop firms’ clients in the United States, incompliance with a request from our current trading platform provider,” sharedon platform X.
While this development may prompt concerns among traders,Instant Funding seeks to reassure its clientele that measures have been takento mitigate potential disruptions to their trading activities.
— Instant Funding (@InstantFunding_) February 20, 2024Hey team,
See AlsoBreaking: Prop Trading Firm Blue Guardian Joins Others to Restrict US ClientsDynamic Risk Management for Prop Traders [with Examples]Prop Trading Firm For Traders Joins DXTradeWe want to inform our American clients of an important change in our trading platform due to a recent decision by our partner broker, ThinkMarkets.
As of the end of the trading session on Friday, February 23, ThinkMarkets will cease to provide services to prop firms’… pic.twitter.com/51KwgYYjnk
As part of the strategy, Instant Funding intends tointroduce DXtrade, an alternative trading platform, which will be available notonly to US traders but also as an additional option globally. While atransition period of up to three weeks is anticipated, the firm assures clientsthat efforts are underway to expedite the process. Existing American traderswith active accounts will retain their accounts throughout the transition.
US Service Restrictions from ThinkMarkets and Others
In recent weeks, awave of restrictions on services to US clients of proprietary trading firms hasbeen unfolded, with ThinkMarkets joining others in this move, as reportedby Finance Magnates. WhilePurple Trading and Blackbull terminated offerings to prop firms entirely,ThinkMarkets continues to provide services outside the US. There's speculationregarding Eightcap, with claims of a complete service termination by the end ofFebruary, although the brokerage hasn't confirmed this.
The unrest stems from alleged pressure from MetaQuotes,suspected of wanting to prevent its trading platforms from being used by UStraders. While MetaQuotes hasn't officially confirmed anything, reports fromvarious prop trading firms, including Blackbull Markets, suggest they werecompelled to cease services to US customers. Other notable firms implementingsimilar restrictions include The5ers, FTMO, Blue Guardian, Audacity Capital,Alpha Capital, among others.
Instant Funding, a proprietary trading firm, has announcedvia their social media platform X (formerly Twitter) thatsignificant changes are underway regarding their trading platform for Americanclients. The alteration stems from a recent decision by their partner broker,ThinkMarkets.
Effective at the conclusion of the trading session onFriday, February 23, ThinkMarkets will discontinue its services to clients ofproprietary firms in the United States. This action aligns with a directivefrom Instant Funding's current trading platform provider.
“As of the end of the trading session on Friday, February23, ThinkMarketswill cease to provide services to prop firms’ clients in the United States, incompliance with a request from our current trading platform provider,” sharedon platform X.
While this development may prompt concerns among traders,Instant Funding seeks to reassure its clientele that measures have been takento mitigate potential disruptions to their trading activities.
— Instant Funding (@InstantFunding_) February 20, 2024Hey team,
We want to inform our American clients of an important change in our trading platform due to a recent decision by our partner broker, ThinkMarkets.
As of the end of the trading session on Friday, February 23, ThinkMarkets will cease to provide services to prop firms’… pic.twitter.com/51KwgYYjnk
As part of the strategy, Instant Funding intends tointroduce DXtrade, an alternative trading platform, which will be available notonly to US traders but also as an additional option globally. While atransition period of up to three weeks is anticipated, the firm assures clientsthat efforts are underway to expedite the process. Existing American traderswith active accounts will retain their accounts throughout the transition.
US Service Restrictions from ThinkMarkets and Others
In recent weeks, awave of restrictions on services to US clients of proprietary trading firms hasbeen unfolded, with ThinkMarkets joining others in this move, as reportedby Finance Magnates. WhilePurple Trading and Blackbull terminated offerings to prop firms entirely,ThinkMarkets continues to provide services outside the US. There's speculationregarding Eightcap, with claims of a complete service termination by the end ofFebruary, although the brokerage hasn't confirmed this.
The unrest stems from alleged pressure from MetaQuotes,suspected of wanting to prevent its trading platforms from being used by UStraders. While MetaQuotes hasn't officially confirmed anything, reports fromvarious prop trading firms, including Blackbull Markets, suggest they werecompelled to cease services to US customers. Other notable firms implementingsimilar restrictions include The5ers, FTMO, Blue Guardian, Audacity Capital,Alpha Capital, among others.
