MetaQuotes, the developer of popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms donot comply).
This decision has had anegative impact on most prop traders in the US. There is fear of losing money amongst traders and thoughts on the safe way to go, asearch for asafe haven. (And fortunately, there is asolution; not all prop firms in the industry have been affected or will be affected by MetaQuotes’ latest policy).
In today’s blog post, Iwill reveal one of the prop firms that will never be affected by MetaQuotes policies or US regulations and why. The one prop firm that is safe and reliable for US clients:
RebelsFunding is aprop firm that offers unique trading programs for forex traders. They provide traders with training accounts that they can use to trade and earn commission without the risk of losing their own funds. They also offer avariety of funding options for all types of traders, from beginners to professionals.
Why is RebelsFunding safe for US traders, why is it one of the best options for US prop traders:
RebelsFunding does not utilise MetaQuotes trading platforms, does not partner with any US broker
RebelsFunding does not rely on MetaTrader platforms, which are subject to MetaQuotes’ policies and restrictions. The firm has an in-house trading platform, the RF-Trader.
Integrated with TradingView chart, the trading platform is modern, user-friendly, and has advanced risk management tools to help you take calculated trading decisions and succeed. It supports all trading styles. You get access to your favourite indicators. You can trade assets such as Forex, indices, crypto, etc. The RF-Trader has low spreads and very fast execution.
Regulatory laws in the US has no influence over RebelsFunding and it’s operations
RebelsFunding is based in Slovakia and regulated by EU laws. Thus, government policies in the US has no impact on its operations. This also makes the firm stable and reliable.
RebelsFunding does not impose any time restrictions on prop traders. You can trade at your own pace and complete the training programs whenever you want.
High profit split
RebelsFunding pays up to 90% of the profits to traders, depending on the program they choose. At RF, you donot have to worry about losing money.
Fast withdrawal processing time
RebelsFunding processes payouts without any delays or hassles. You can request your profits and receive them within 16 hours on average or less. At RF, you can withdraw your profits twice in amonth, with aminimum withdrawal limit of $50 and NO maximum withdrawal limit.
The company allows you to withdraw your profits via various methods, such as bank, crypto, Wise Rise, etc.
Friendly, helpful support and community
RebelsFunding provides 24/7 customer support, real people on the end of queries. They also have an active Discord community, where traders can share their experiences, tips, and strategies.
RebelsFunding is one of the few prop firms that currently accepts US clients and offer them agreat opportunity to trade forex with capital up to 640,000 USD. They have ahigh trust rating on Trustpilot and amazing prop trading review. They also organize regular free trading competitions, where traders can win funded accounts and even cash bonuses.
If you are interested in joining RebelsFunding, you can start with afree trial, where you can test their platform and services. You can also get up to 200% of your purchase fee, back, if you purchase and pass their evaluation program.
MetaQuotes, the developer of popular trading platforms MetaTrader 4
MetaTrader 4
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms do not comply).
US citizens can easily get a Forex prop firm account by choosing platforms like True Forex Funds. They offer trading platforms such as Match Trader, along with good spreads, fast execution, and reliable customer support.
The MetaQuotes move indicates that the company is very cautious when it comes to offering services using its platform to US clients. The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.
Over the past few months, MetaQuotes has tightened its grip on licensing policies, particularly impacting those operating with Grey Labels – brokers who share their platforms with other companies. This shift culminated in a major policy change in October 2022, with MetaQuotes discontinuing their White Label offerings.
Yes, prop trading firms are legit and exist as real companies. They may not be registered directly in United States but they allow citizens from there to access their funded accounts.
Here is the quote from FTMO: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there.
Meta Quotes' decision to restrict access for US traders has had a direct impact on prop firms that relied on their platform. Some prop firms have been forced to adapt to this change by seeking alternative trading platforms or exploring other options.
The unexpected decision by MetaQuotes to withdraw support for proprietary trading landed on the industry like a bolt from the blue. It caused huge turmoil, leaving many questions unanswered and truly dark clouds hanging over the future of prop firms.
Other attributes. MetaQuotes Software is a Russian software company specializing in the development of software for foreign exchange trading. MetaQuotes main product is the MetaTrader family of online trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.
Exclusive: Prop Trading Firm FTMO Halts US Client Acquisition amid MetaQuotes Crackdown. In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned.
It is against JPMS policy to engage in proprietary trading activity that JPMS believes would be prohibited under the Volcker Rule (Section 13 of the Bank Holding Company Act of 1956 and the associated rules and regulations).
US-based clients face restrictions from many prop trading firms due to regulatory concerns and MetaQuotes' crackdown, though some firms are finding alternative platforms to continue servicing US clients.
US nationals/residents including the US overseas territories (Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands) are not allowed to use MetaTrader or cTrader platform. You can choose these platforms in the FTMO Challenge configurator here.
ARE TRADERS FROM THE UNITED STATES ACCEPTED? Yes. we are not brokers. Our relationships with our traders are legally bound by a service provider contract between the trader (the provider of the services) and the fund (The contract issuer).
Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.
Introduction: My name is Horacio Brakus JD, I am a lively, splendid, jolly, vivacious, vast, cheerful, agreeable person who loves writing and wants to share my knowledge and understanding with you.
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