In a move anticipated since earlier this year, IC Markets
has initiated the soft launch of its proprietary trading offering. The new
platform, accessible through the URL ICFunded.com, is currently in beta mode,
welcoming clients to sign up and explore its features.
According to insights obtained by TradeInformer, the product
has been operational for over a week and has already garnered notable interest
from existing clients. The introduction of IC Markets into the prop trading
arena adds another prominent name to the list of brokers venturing into this
domain. Joining the likes of Axi, Oanda, and Hantec Markets, as well as smaller
entities like Raise FX and YaMarkets, IC Markets signifies the growing trend
among brokers to offer funded trader programs.
Despite the burgeoning interest in prop trading offerings,
the sector finds itself navigating a regulatory grey area. Most providers,
including IC Markets, are currently furnishing demo accounts, which, crucially,
remain outside the purview of regulatory oversight across jurisdictions.
However, it is worth noting that many firms, including IC Markets, are
adopting strategies to maintain a degree of separation from end clients or are
establishing the funded component of their services offshore. This approach
allows them to operate within a framework that mitigates regulatory concerns
while still extending lucrative opportunities to traders.
Prop Trading Sector in Turmoil amid Allegations of
MetaQuotes
The landscape of prop
trading is undergoing upheaval amid reports of MetaQuotes, the company
behind MetaTrader platforms, tightening its grip, as reported by Finance Magnates. Despite no
official confirmation from the Cyprus-based firm, prop trading firms and their
brokerage partners have swiftly reported the termination of their
collaborations.
The core issue appears to center on the presence of active US
clients on prop trading platforms. While MetaQuotes has not publicly
acknowledged these measures, an unverified email purportedly from one of its
representatives has circulated, suggesting that platforms using MetaTrader 5
and operating in the USA must comply with FINRA or NFA regulations, even if
solely for educational purposes.
In a move anticipated since earlier this year, IC Markets
has initiated the soft launch of its proprietary trading offering. The new
platform, accessible through the URL ICFunded.com, is currently in beta mode,
welcoming clients to sign up and explore its features.
According to insights obtained by TradeInformer, the product
has been operational for over a week and has already garnered notable interest
from existing clients. The introduction of IC Markets into the prop trading
arena adds another prominent name to the list of brokers venturing into this
domain. Joining the likes of Axi, Oanda, and Hantec Markets, as well as smaller
entities like Raise FX and YaMarkets, IC Markets signifies the growing trend
among brokers to offer funded trader programs.
Despite the burgeoning interest in prop trading offerings,
the sector finds itself navigating a regulatory grey area. Most providers,
including IC Markets, are currently furnishing demo accounts, which, crucially,
remain outside the purview of regulatory oversight across jurisdictions.
However, it is worth noting that many firms, including IC Markets, are
adopting strategies to maintain a degree of separation from end clients or are
establishing the funded component of their services offshore. This approach
allows them to operate within a framework that mitigates regulatory concerns
while still extending lucrative opportunities to traders.
Prop Trading Sector in Turmoil amid Allegations of
MetaQuotes
The landscape of prop
trading is undergoing upheaval amid reports of MetaQuotes, the company
behind MetaTrader platforms, tightening its grip, as reported by Finance Magnates. Despite no
official confirmation from the Cyprus-based firm, prop trading firms and their
brokerage partners have swiftly reported the termination of their
collaborations.
The core issue appears to center on the presence of active US
clients on prop trading platforms. While MetaQuotes has not publicly
acknowledged these measures, an unverified email purportedly from one of its
representatives has circulated, suggesting that platforms using MetaTrader 5
and operating in the USA must comply with FINRA or NFA regulations, even if
solely for educational purposes.
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- Source: https://www.financemagnates.com//forex/ic-markets-joins-industry-trend-with-soft-launch-of-prop-trading-offering/
