Proprietary trading firm The Funded Trader has announced that it has obtained the approval to offer the cTrader platform to US clients. The company’s collaboration with cTrader reportedly enabled this.

On its X account, the company broke the news, saying: “We’re now officially approved to offer cTrader to U.S. clients following a comprehensive compliance review! Thanks to cTrader for the partnership; we’re committed to global accessibility. More updates coming soon.”

Earlier Plans to Move to cTrader

Early last year, TFT announced plans for a significant migration to the cTrader platform. The company’s notice included instructions and details for the transition process, which reportedly affected an estimated 4,700 individuals.

Around the same time, the company, along with other proprietary trading firms, moved to DXTrade, a shift that was part of a broader trend in the proprietary trading landscape after MetaQuotes implemented strict compliance measures, particularly targeting the US market.

Read more: Prop Firm The Funded Trader Paid Traders $386K in March, Could Have Earned 3x More

TFT’s challenges began when the company “temporarily paused all operations” with promises of a relaunch. “Over the coming week, we will follow up with specifics as we work to resume operations,” a notice on the prop trading firm’s website noted with a countdown timer of 21 days.

Client Payouts

After keeping clients waiting for a payout for a year, TFT adopted a new strategy. Its CEO and founder, Angelo Ciaramello, disclosed some of the trader payout statistics, which reached $386,000 in March.

On Discord, the company said that it paid $386,000 to clients who successfully passed the challenge and earned on their funded account since the beginning of the month.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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