True Forex Funds Rolls Out Match-Trader, Plans to Migrate 10,000 Accounts
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True Forex Funds, a prop trading company, has announced the launch of a new secondary trading platform known as Match-Trader.
This platform can be accessed across select countries such as Austria, Germany, Hungary, and Sweden. True Forex Funds is planning to migrate 10,000 accounts to the new Match-Trader platform to improve experiences.
True Forex Funds Launces Match-Trader
True Forex Funds says that the Match-Trader platform will bring stability. The brokerage firm also believes that there will be minimal bugs with this new platform. It has also taken steps to facilitate a smooth transition including limiting the initial availability of the platform to address any potential issues that might arise.
📢 Words from our CEO 📢
Hello Traders,
We are thrilled to announce the launch of Match-Trader, our new secondary trading platform. As of today, Match-Trader is available in select countries including Germany, Austria, Sweden, and Hungary. This strategic rollout is in response…
— True Forex Funds (@trueforexfunds) April 19, 2024
True Forex Funds has informed users that any concerns and inquiries that might arise will be addressed on time by the team. The platform is also working on addressing the issues that might arise with this new platform.
“By limiting the initial availability, we aim to minimize potential issues and prioritize a seamless experience for our users. Any inquiries or concerns will be promptly addressed by our dedicated team,” said the CEO of True Forex Funds, Richard Nagy.
True Forex Funds also has immense plans for the future. For instance, the platform is working on expanding the availability of Match-Trader to make the platform available to more countries in the coming days.
Match-Trader is also assuring investors that the migration of new accounts will be automatic after the platform is proven to be reliable. Doing this will guarantee that Match-Trader can meet the growing needs of users while also improving trading capabilities.
Transforming Its Offerings to Remain Compliance
True Forex Funds has previously been affected by trading service platforms. The brokerage company witnessed a disruption after MetaQuotes halted its licenses for the MT4 and MT5 trading platforms.
After its MetaQuotes licenses were canceled, True Forex Funds services were disrupted. The licenses were halted after My Forex Funds shut down its operations in Canada. My Forex Funds had to abandon its operations in Canada after a regulatory crackdown by regulators in the US and Canada.
MetaQuotes has announced a new set of compliance measures that have been forcing changes in the proprietary trading sector. The new measures have largely affected regulations in the United States.
Firms are now reevaluating their partnerships with MetaQuotes. This comes amid concerns about how these firms will offer their services to clients in the United States. Some have been forced to halt their services temporarily as they consider alternative options to achieve regulatory compliance and stability in their operations.
