True Forex Funds has been navigating through a significant challenge with the MetaTrader platform, following MetaQuotes’ hint at a possible license suspension for all brokers supporting proprietary trading firms. This development has put True Forex Funds, along with others in the industry, in a precarious position, as they contemplate the ramifications of complying with the new licensing requirements set forth by MetaQuotes.
The company has proactively applied for a new MetaTrader license alongside their FX license and has developed synchronization solutions fully based on the official DLLs of MQ. This strategic move is part of True Forex Funds’ commitment to maintaining seamless trading operations for their clients.
Migration to cTrader: A Solution for Continuous Trading
True Forex Funds is exploring solutions to ensure uninterrupted service for their traders. A notable update includes the development of a feature that allows traders the option to migrate their accounts to cTrader automatically. This ensures that traders can continue their activities without any loss in balance, providing a valuable alternative amidst the uncertainty surrounding MetaTrader’s availability.
Additionally, the firm is enhancing their platform with new features aimed at enriching the trading experience. Despite the efforts to continue providing MetaTrader as a platform, True Forex Funds faces hurdles with obtaining MetaQuotes’ approval for their new application, particularly affecting US clients.
Advisory for US Clients
US-based traders are specifically advised that MetaTrader will likely cease to be an option for them. True Forex Funds suggests that this restriction might soon become an industry-wide issue. The firm urges traders to be cautious, especially concerning leverage with firms that currently offer MetaTrader to US clients. In light of these challenges, True Forex Funds assures a smooth and hassle-free transition to cTrader for all its clients, alongside actively working on integrating additional trading platforms to accommodate US clients and offer them uninterrupted trading opportunities.
True Forex Funds emphasizes the importance of exploring alternative trading platforms, ensuring that their clients have continuous access to trading platforms without disruptions. The firm is dedicated to providing solutions that cater to the needs of its diverse client base, ensuring they remain at the forefront of flexible and innovative trading solutions.
