The choice
of platforms offered to retail clients is crucial in the prop trading industry.
While many alternatives exist, MetaTrader remains the most popular option.
Recognizing this, prop firm Axe Trader has decided to add MetaQuotes solutions
to its list of available products, bringing its total offering to four
different client platforms.
Previously,
Axe Trader clients could trade using cTrader, Match-Trader, and DXtrade.
However, customers had been requesting access to MetaTrader, which has long
been the dominant platform among retail investors.
This week,
Axe Trader responded to client feedback by expanding its offering to include
both MT4 and MT5.
“We
are excited to announce that our traders can now trade on both MetaTrader 4 and
5,” the company stated on X (previously Twitter).
While Axe
Trader is not the largest player in the prop trading sector, it now boasts one
of the widest platform offerings. Given the recent licensing issues with
MetaQuotes, Finance Magnates sought to confirm that Axe Trader had not
previously offered MT4/5 to its clients.
Support
representatives on the official Discord channel confirmed that this is not a
return of MetaQuotes platforms to the offering, but their debut. These tools
were not previously available to Axe Trader investors.
“It’s
a new update we just brought,” commented Yenjikag from Axe’s support team.
MetaTrader at the Center
of Prop Trading Turmoil
The
importance of MetaTrader to the prop trading industry was highlighted in
February when MetaQuotes, fearing regulatory changes in the US, began
terminating agreements with brokers and trading firms providing services in
this area.
This caused
significant disruption in the industry, blocking new user registrations and
prompting a search for alternative trading platforms. It also created an
opportunity for FX/CFD brokers, who are increasingly joining the prop trading
ecosystem, to offer investors a regulated and secure alternative along with MT
platforms.
Although
the dust seemed to have settled after February’s controversies, the industry
continues to experience significant changes. Just a few days ago, Funded
Engineer, one of the more popular firms in the sector, announced the end of its
operations. Meanwhile, Goat Funded Trader decided to stop offering MetaTrader
due to unexplained issues, just a month after resuming access to the platform.
Regulators
are also paying closer attention to the industry, suggesting that prop trading
carries significant risks for retail clients. Earlier this month, Italian
regulator Consob compared this form of trading to “video games.”
The choice
of platforms offered to retail clients is crucial in the prop trading industry.
While many alternatives exist, MetaTrader remains the most popular option.
Recognizing this, prop firm Axe Trader has decided to add MetaQuotes solutions
to its list of available products, bringing its total offering to four
different client platforms.
Previously,
Axe Trader clients could trade using cTrader, Match-Trader, and DXtrade.
However, customers had been requesting access to MetaTrader, which has long
been the dominant platform among retail investors.
This week,
Axe Trader responded to client feedback by expanding its offering to include
both MT4 and MT5.
“We
are excited to announce that our traders can now trade on both MetaTrader 4 and
5,” the company stated on X (previously Twitter).
While Axe
Trader is not the largest player in the prop trading sector, it now boasts one
of the widest platform offerings. Given the recent licensing issues with
MetaQuotes, Finance Magnates sought to confirm that Axe Trader had not
previously offered MT4/5 to its clients.
Support
representatives on the official Discord channel confirmed that this is not a
return of MetaQuotes platforms to the offering, but their debut. These tools
were not previously available to Axe Trader investors.
“It’s
a new update we just brought,” commented Yenjikag from Axe’s support team.
MetaTrader at the Center
of Prop Trading Turmoil
The
importance of MetaTrader to the prop trading industry was highlighted in
February when MetaQuotes, fearing regulatory changes in the US, began
terminating agreements with brokers and trading firms providing services in
this area.
This caused
significant disruption in the industry, blocking new user registrations and
prompting a search for alternative trading platforms. It also created an
opportunity for FX/CFD brokers, who are increasingly joining the prop trading
ecosystem, to offer investors a regulated and secure alternative along with MT
platforms.
Although
the dust seemed to have settled after February’s controversies, the industry
continues to experience significant changes. Just a few days ago, Funded
Engineer, one of the more popular firms in the sector, announced the end of its
operations. Meanwhile, Goat Funded Trader decided to stop offering MetaTrader
due to unexplained issues, just a month after resuming access to the platform.
Regulators
are also paying closer attention to the industry, suggesting that prop trading
carries significant risks for retail clients. Earlier this month, Italian
regulator Consob compared this form of trading to “video games.”
