Crypto Fund Trader Halts Services on MetaTrader 5 for US-Based Clients
The latest news from Crypto Fund Trader
Crypto Fund Trader, a prop trading firm offering services with cryptocurrencies, has become the latest to confirm the cessation of its services on MetaTrader 5 for US-based clients. However, the accounts of its US clients would still be active, and they would be “able to purchase evaluations on [the] CFT Platform.”
In a statement released by the company, they mentioned that they are taking these precautions to protect their users and anticipate possible circumstances due to the current news about prop firms. They also mentioned that this decision is necessary to keep their Full License of MetaQuotes.
What does this mean for US clients?
For US-based clients of Crypto Fund Trader, this change means that they will no longer be able to access the services provided through MetaTrader 5. However, they can still continue to trade using the CFT Platform and purchase evaluations as needed.
While this may be an inconvenience for some clients, it is important to understand that this decision was made to ensure the safety and security of all users.
How will this affect me?
As a US-based client of Crypto Fund Trader, you may be impacted by the cessation of services on MetaTrader 5. However, you can still use the CFT Platform to trade and purchase evaluations. It is important to stay updated on any developments and changes from the company.
How will this affect the world?
The decision by Crypto Fund Trader to stop services on MetaTrader 5 for US-based clients may have broader implications in the trading world. It could signal a trend among prop trading firms to reevaluate their relationships with certain platforms and take steps to protect their users.
This move by Crypto Fund Trader may also prompt other firms to reassess their own policies and make similar changes to ensure compliance and security.
Conclusion
While the decision by Crypto Fund Trader to halt services on MetaTrader 5 for US-based clients may be disappointing for some, it is ultimately a necessary step to protect users and maintain compliance with regulations. As the trading landscape continues to evolve, it is important for firms to adapt and make changes to ensure the safety and security of their clients.
