Purple Trading, a broker celebrated for its advanced trading technology and superior forex trading conditions, has announced the suspension of MT4 and MT5 services for proprietary trading firms. This decision significantly impacts the prop trading community, which relies extensively on these platforms for their trading operations.

Funded Engineer Adapts to Purple Trading’s Suspension

In response to Purple Trading’s service suspension, Funded Engineer has promptly taken measures to ensure the continuation of its services. The firm has successfully obtained the necessary licenses to keep offering MT5 services to its international clients, demonstrating its agility and commitment to maintaining uninterrupted services. Additionally, Funded Engineer is actively exploring viable solutions for its U.S.-based clients to navigate through the recent industry-wide changes effectively.

Implications for the Prop Trading Industry

The suspension of services by Purple Trading represents a significant shift in the landscape for prop firms utilizing its platforms. This development challenges these firms to seek innovative solutions and adapt their technology and service offerings to meet the evolving needs of traders.

The decision underscores the dynamic nature of the forex and proprietary trading industry, emphasizing the need for prop firms to exhibit flexibility and resilience in their operations. As the industry continues to evolve, firms like Funded Engineer are at the forefront, adapting to changes and ensuring the best possible service for their trading community.

New Prop Firms

FORFX, an innovative proprietary trading firm backed by Opofinance broker, provides traders of all styles with funded trading opportunities through multiple challenge types including a unique Live Assessment Plan with real accounts, multi-platform support across MT4, MT5, and cTrader, and profit splits up to 90%.

SabioTrade, a dynamic proprietary trading firm, provides traders of all levels with funded trading opportunities, robust educational resources, and its innovative Sabio Traderoom platform.

BestProp4U is a trader-built proprietary firm offering funding up to $400,000 across forex, crypto, and futures markets. With only four simple rules, massive 50% drawdown, and payouts even after breaches, it focuses on fairness and flexibility. Traders can use any strategy, trade during news or weekends, and get paid during evaluations — making BestProp4U a solid choice for those seeking transparent, freedom-driven prop trading.

TEFS (The Empowered Funded System) is a veteran proprietary trading firm active since 2017, offering funding up to $210,000 through instant and 1-step evaluation programs. Traders can access Forex, Crypto, Futures, and over 2,300 U.S. stocks via its proprietary TEFS Trader and TEFS Evolution platforms. With up to 90% profit share, flexible trading conditions, live coaching, and a referral rewards program, TEFS stands out as a transparent, education-focused choice for serious traders seeking real funding and long-term growth.

Hola Prime is a 2024-launched prop firm offering ultra-fast payouts, up to 95% profit splits, and demo-based trading across multiple platforms.

iFunds, established in March 2024, is a proprietary trading firm offering instant funding accounts ranging from $2,500 to $500,000 without requiring traders to complete evaluations or demo challenges. It stands out for its flexible trading conditions, including no daily drawdown limits, customizable profit splits, and rapid withdrawals. While appealing to experienced traders, its premium fees and limited operational history may require cautious consideration before investment.

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