Funding Traders Group Ltd., a proprietary trading firm, has restored access to the MetaTrader 5 (MT5) platform after incorporating in Saint Lucia.

In a post on X, the firm stated: “MetaTrader 5 is officially back—this time, with our own license. After months of preparation, we’ve secured an MT5 license.”

MT5 Reintroduced After Licensing Restrictions Lifted

The reintroduction of MT5 follows a period during which several proprietary trading firms, including Funding Traders, faced restrictions related to licensing.

In early 2024, MetaQuotes, the developer of MT5, limited access to firms lacking direct agreements or operating in jurisdictions with regulatory concerns. These measures particularly affected firms offering services to U.S. clients without the required authorizations.

Funding Traders’ move to incorporate in Saint Lucia appears to align with a broader trend among prop firms seeking alternative jurisdictions to comply with MetaQuotes’ updated requirements. By shifting its operational base and obtaining the necessary licensing, the firm has re-enabled MT5 access for its non-U.S. user base.

You may find it interesting at FinanceMagnates.com: Two More Prop Firms Open CFD Brokerage in Saint Lucia to Offer MetaTrader 5.

Funding Pips Reintroduces MT5 After Hiatus

Recently, Funding Pips reintroduced MT5. The company announced the decision in March, reporting $110 million in payouts and surpassing 1 million traders. CEO Khaled Ayesh stated that the reintroduction of MT5 aligns with the firm’s goal of providing accessible trading.

After losing access to MetaQuotes products in February 2024 due to regulatory issues, Funding Pips transitioned to Match-Trader, cTrader, and TradeLocker platforms. The return to MT5 follows the firm obtaining a direct license from MetaQuotes, reflecting a broader trend within the industry.

This article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More

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