The Funded Trader Makes A Bold Shift To Ctrader For Prop Trading
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
According to a recent update shared on social media platform X, The Funded Trader unveiled plans for a notable shift towards the cTrader platform. The information disclosed, displayed details and instructions for the migration process impacted around 4,700 people.
The Funded Trader Aim To Ensure A Smooth Transition To The New Ctrader Platforms
Instructions have been given to traders regarding closing all open trades by 4 PM EST to ensure an accurate account balance in the new cTrader platforms. Traders who fail to comply with this obligation will face a penalty, resulting in the closure of all open trades by the system.
The cTrader account, designed for traders globally, will reflect the balance of their DXtrade accounts and account type as of 4 PM EST, after the closure of all trades. Moreover, through the account overview page of their dashboard, traders are to locate their cTrader username with extra login details and instructions to be presented solely by Spotware, the firm behind cTrader.
Additionally, The Funded Trader assured traders that the shift to cTrader would extend to individuals who have requested it, signaling the continued process of a transaction. In other to facilitate a smooth transaction to the new platform, traders are encouraged to remain observant to the provided instructions.
Earlier, The Funded Trader and other leading trading companies migrated to DXTrade, allowing traders to access insights on real-time trade. This innovative move to DXTrade marks a significant trend in expanding in reach in the proprietary trading environment.
The Funded Trader Provides Diverse Account Sizes To Its Clients
With Angelo Ciaramello as the Chief Executive Officer, The Funded Trader provides diverse account sizes ranging from $5,000 to $400,000 with the option of different leverage amounts across diverse instruments.
MyFundedFX was also among those platforms to migrate their clients’ accounts to DXTrade with trading activities suspended temporarily during the transaction. Traders are urged to close all positions before the migration to avoid automatic closure by the system.
Additionally, the new implementation of stricter compliance measures by MetaQuotes mainly regarding US regulations, has geared a series of disputes in the proprietary trading sector.
Numerous companies are currently reevaluating their collaborative effort with MetaQuotes due to rising worries about serving clients based in the US. This mounting scrutiny has led some leading companies to shut down services temporarily and seek out alternative platforms to continue operational resilience and regulatory compliance.
