MT5 Returns to Prop Firm Funding Traders After Saint Lucia Registration

Funding Traders Group Ltd., a proprietary trading firm, has
restored access to the MetaTrader 5 (MT5 ) platform after incorporating in Saint
Lucia.

In a post on X, the firm stated: “MetaTrader 5 is officially
back—this time, with our own license. After months of preparation, we’ve
secured an MT5 license.”

MT5 Reintroduced After Licensing Restrictions Lifted

The reintroduction of MT5 follows a period during which
several proprietary trading firms, including Funding Traders, faced
restrictions related to licensing.

Source: Sail Lucia IFC

In early 2024, MetaQuotes, the developer of
MT5, limited access to firms lacking direct agreements or operating in
jurisdictions with regulatory concerns. These measures particularly affected
firms offering services to U.S. clients without the required authorizations.

Funding Traders’ move to incorporate in Saint Lucia appears
to align with a broader trend among prop firms seeking alternative
jurisdictions to comply with MetaQuotes’ updated requirements. By shifting its
operational base and obtaining the necessary licensing, the firm has re-enabled
MT5 access for its non-U.S. user base.

Funding Traders Group Ltd., a proprietary trading firm, has
restored access to the MetaTrader 5 (MT5 ) platform after incorporating in Saint
Lucia.

In a post on X, the firm stated: “MetaTrader 5 is officially
back—this time, with our own license. After months of preparation, we’ve
secured an MT5 license.”

MT5 Reintroduced After Licensing Restrictions Lifted

The reintroduction of MT5 follows a period during which
several proprietary trading firms, including Funding Traders, faced
restrictions related to licensing.

Source: Sail Lucia IFC

In early 2024, MetaQuotes, the developer of
MT5, limited access to firms lacking direct agreements or operating in
jurisdictions with regulatory concerns. These measures particularly affected
firms offering services to U.S. clients without the required authorizations.

Funding Traders’ move to incorporate in Saint Lucia appears
to align with a broader trend among prop firms seeking alternative
jurisdictions to comply with MetaQuotes’ updated requirements. By shifting its
operational base and obtaining the necessary licensing, the firm has re-enabled
MT5 access for its non-U.S. user base.

This post is originally published on FINANCEMAGNATES.

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