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  • Prop Trading and MetaQuotes: Funding Pips Case May Mark the End of MT Access to US Clients

    From financemagnates.com

    MetaQuotes, the company behind the popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on prop trading firms. In its latest move, the technology company has forced Blackbull Markets, which was grey-labeling its MT5 license to prop trading firms, forced the broker to terminate its services to Funding Pips. Although MetaQuotes did not publicly confirm its move against prop trading firms, Blackbull’s Chief Business Development Officer, Anish Lal, told Finance Magnates that the broker was “forced to immediately shut down Funding Pips as a client.” The CEO of Funding Pips, who goes by the name ... (full story)

YEP same ole globalist world wide making decisions based on back door interpretations of law but not actually written in the letter of the text of the law.

Another day, another dictator ruling on whatever they see fit at any time without any written law at all to enforce their interpretation or ruling at all.
Not that props are the best idea for anyone but only that it MUST be written in law that this would or should be prohibited otherwise it's just more government abuse of power as usual.
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  • Posted: Feb 15, 2024 9:30pm
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 1  /  Views: 7,771

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