Proprietary trading platform For Traders is nearingcompletion of its integration with DXTrade as new developments in theproprietary trading space unfold. This step mirrors similar moves in thesector, where companies have forged new partnerships to navigateregulatory challenges.
Previously known as Billions Club, For Traders isbased in the United Arab Emirates under its CEO, Jakub Roz. According topropfirmmatch.com, the firm has partnered with Purple Trading and has accountsizes ranging from $5,000 to $200,000.
UPDATE: We are finishing integration with DXTrade – a new trading platform. Who is ready?
— For Traders (@fortraderscom) February 23, 2024
On February 14, Funding Pips, a prominent proprietary trading platform, abruptly ceased operations, causing widespread uncertainty in the proprietary trading sector. MetaQuotes' crackdown on proprietary trading companies that rely on its platforms, MetaTrader 4 and 5, has left many firms facing challenges.
The key issue revolves around licensingdiscrepancies, particularly for firms catering to US clients withoutproper authorization. MetaQuotes' action reflects its reluctance to engagewith the regulatory complexities of the US market, aiming to safeguard itsinterests.
Proprietary trading firm Lark Funding recently ceased purchases for US clients due to regulatory changes impacting the region. The firm plans to migrate existing US traders to the DXTrade platform. Following the regulatory crackdown, Lark Funding's CEO, Matt L., recently confirmed the platform's decision to halt services for US traders.
The unexpected decision by MetaQuotes towithdraw support for the proprietary trading firm sent shockwaves throughout theindustry, leaving many prop firms searching for solutions. As the dustsettles, it's becoming clear that the landscape of proprietary trading isundergoing a significant transformation.
For Traders Shifts Strategy
According to propfirmmatch.com, For Traders employs a two-step evaluationprocess. In Phase 1, traders must meet a profit target of 8%, followed by atarget of 5% in Phase 2. The firm offers a range of trading instruments,including forex pairs, commodities, equities, indices, and cryptocurrencies.
During the Challenge Phase, For Traders' users have access to higher leverage , with forex trading offering a leverage of 1:125,while indices, stocks, and commodities provide a leverage of 1:20. As traders progress to the Funded Phase, leverageratios undergo adjustments. Forex trading leverage reduces to 1:40, whileindices, stocks, and commodities maintain a leverage of 1:20.
Proprietary trading platform For Traders is nearingcompletion of its integration with DXTrade as new developments in theproprietary trading space unfold. This step mirrors similar moves in thesector, where companies have forged new partnerships to navigateregulatory challenges.
Previously known as Billions Club, For Traders isbased in the United Arab Emirates under its CEO, Jakub Roz. According topropfirmmatch.com, the firm has partnered with Purple Trading and has accountsizes ranging from $5,000 to $200,000.
UPDATE: We are finishing integration with DXTrade – a new trading platform. Who is ready?
— For Traders (@fortraderscom) February 23, 2024
On February 14, Funding Pips, a prominent proprietary trading platform, abruptly ceased operations, causing widespread uncertainty in the proprietary trading sector. MetaQuotes' crackdown on proprietary trading companies that rely on its platforms, MetaTrader 4 and 5, has left many firms facing challenges.
The key issue revolves around licensingdiscrepancies, particularly for firms catering to US clients withoutproper authorization. MetaQuotes' action reflects its reluctance to engagewith the regulatory complexities of the US market, aiming to safeguard itsinterests.
Proprietary trading firm Lark Funding recently ceased purchases for US clients due to regulatory changes impacting the region. The firm plans to migrate existing US traders to the DXTrade platform. Following the regulatory crackdown, Lark Funding's CEO, Matt L., recently confirmed the platform's decision to halt services for US traders.
The unexpected decision by MetaQuotes towithdraw support for the proprietary trading firm sent shockwaves throughout theindustry, leaving many prop firms searching for solutions. As the dustsettles, it's becoming clear that the landscape of proprietary trading isundergoing a significant transformation.
For Traders Shifts Strategy
According to propfirmmatch.com, For Traders employs a two-step evaluationprocess. In Phase 1, traders must meet a profit target of 8%, followed by atarget of 5% in Phase 2. The firm offers a range of trading instruments,including forex pairs, commodities, equities, indices, and cryptocurrencies.
During the Challenge Phase, For Traders' users have access to higher leverage , with forex trading offering a leverage of 1:125,while indices, stocks, and commodities provide a leverage of 1:20. As traders progress to the Funded Phase, leverageratios undergo adjustments. Forex trading leverage reduces to 1:40, whileindices, stocks, and commodities maintain a leverage of 1:20.
