Challenge-based
prop firm Wall Street Funded (WSFunded) is joining the ranks of licensed retail
contract-for-difference (CFD) brokers after obtaining authorization in the
offshore jurisdiction of St. Lucia.
This move
places them among other prop companies that have taken similar steps to
directly purchase MetaTrader licenses from MetaQuotes, though most others have
opted for the increasingly popular and even more exotic location, the Island of
Comoros.
Wall Street Funded Prop
Firm Offers MetaTrader 5 Again
Earlier
this week, Wall Street Funded announced on their social media platforms that
they are once again offering clients access to MetaTrader 5 (MT5). The prop
firm had to withdraw this offering after February 2024, when MetaQuotes began a
regulatory crackdown in the industry and stopped accepting white-labeling
broker partners of prop trading firms.
OFFICIAL: MT5 is back
.
The moment you’ve been waiting for has arrived….
Wall Street Funded now has its own broker on MT5Faster execution
From today, all… pic.twitter.com/ap8To0Gvls— Wall Street Funded (@WSFunded) March 24, 2025
How can
WSFunded offer the popular MT5 platform again? The answer is simple – the firm
itself has become a broker, which they also announced on X (formerly Twitter)
and Discord:
“We’ve
taken a huge step forward at Wall Street Funded. Now, we operate with our own
broker,” they wrote in an official update. According to the firm, this
means faster order execution , lower spreads, and better trading conditions for
clients.
We’ve taken a huge step forward at Wall Street Funded. Now, we operate with our own broker. What does this mean for you?— Wall Street Funded (@WSFunded) March 26, 2025
Information
on the Wall Street Funded’s website indicates they operate as WSFunded Ltd, a
company incorporated under the laws of St. Lucia, with registration number
2025-00117. The license was issued this year, and this offshore location has
been becoming increasingly popular recently.
Some time
ago, for example, broker NordFX moved their operations here from Vanuatu,
another rather exotic regulatory jurisdiction.
You may also like: Only 1 in 20 Traders Pass Prop Firm Challenges, Reports The Funded Trader
Heading to Comoros Islands
for MetaTrader 5
Although
licenses issued by St. Lucia are certainly not as “strong” as those
from Cyprus’s CySEC or Australia’s ASIC, they are entirely sufficient for
MetaQuotes to offer their products to prop firms again.
Moreover,
St. Lucia has a more established position than Comoros, a small island nation
in East Africa that has recently become extremely popular among prop firms.
FundingPips,
for instance, registered their business there and recently reintroduced
MetaTrader 5 to their offering. Hola Prime also operates from the same
jurisdiction, having been established late last year and quickly building a
base of over 1,300 positive reviews on Trustpilot, which were ultimately
flagged as fake.
MetaQuotes Open to Direct
Licensing Relationships with Prop Trading Firms
Industry
sources speaking on condition of anonymity indicate that MetaQuotes is willing
to work with prop trading firms provided they establish direct licensing
agreements rather than accessing the platforms through white-label arrangements
with forex or CFD brokers. Additionally, these firms must avoid offering
services to customers in the United States.
“Since they
have their own license it is fine, MetaQuotes don’t mind,” commented the
owner of one prop firm to Finance Magnates.
This stance
appears strategically sound for MetaQuotes, as proprietary trading firms have
experienced significant growth throughout 2024. The previous restrictions
imposed by MetaQuotes created opportunities for competing platforms,
particularly cTrader and Match-Trader, to capture market share.
The
financial incentive for MetaQuotes is clear, especially following the company’s
decision to increase fees for both MetaTrader 4 and MetaTrader 5 by 25% at the
beginning of this year—a development exclusively reported by Finance
Magnates in February. With prop trading firms generally well-capitalized,
they represent valuable potential clients for the platform provider.
Challenge-based
prop firm Wall Street Funded (WSFunded) is joining the ranks of licensed retail
contract-for-difference (CFD) brokers after obtaining authorization in the
offshore jurisdiction of St. Lucia.
This move
places them among other prop companies that have taken similar steps to
directly purchase MetaTrader licenses from MetaQuotes, though most others have
opted for the increasingly popular and even more exotic location, the Island of
Comoros.
Wall Street Funded Prop
Firm Offers MetaTrader 5 Again
Earlier
this week, Wall Street Funded announced on their social media platforms that
they are once again offering clients access to MetaTrader 5 (MT5). The prop
firm had to withdraw this offering after February 2024, when MetaQuotes began a
regulatory crackdown in the industry and stopped accepting white-labeling
broker partners of prop trading firms.
The moment you’ve been waiting for has arrived….
Wall Street Funded now has its own broker on MT5
From today, all… pic.twitter.com/ap8To0Gvls— Wall Street Funded (@WSFunded) March 24, 2025
How can
WSFunded offer the popular MT5 platform again? The answer is simple – the firm
itself has become a broker, which they also announced on X (formerly Twitter)
and Discord:
“We’ve
taken a huge step forward at Wall Street Funded. Now, we operate with our own
broker,” they wrote in an official update. According to the firm, this
means faster order execution , lower spreads, and better trading conditions for
clients.
We’ve taken a huge step forward at Wall Street Funded. Now, we operate with our own broker. What does this mean for you?— Wall Street Funded (@WSFunded) March 26, 2025
Information
on the Wall Street Funded’s website indicates they operate as WSFunded Ltd, a
company incorporated under the laws of St. Lucia, with registration number
2025-00117. The license was issued this year, and this offshore location has
been becoming increasingly popular recently.
Some time
ago, for example, broker NordFX moved their operations here from Vanuatu,
another rather exotic regulatory jurisdiction.
You may also like: Only 1 in 20 Traders Pass Prop Firm Challenges, Reports The Funded Trader
Heading to Comoros Islands
for MetaTrader 5
Although
licenses issued by St. Lucia are certainly not as “strong” as those
from Cyprus’s CySEC or Australia’s ASIC, they are entirely sufficient for
MetaQuotes to offer their products to prop firms again.
Moreover,
St. Lucia has a more established position than Comoros, a small island nation
in East Africa that has recently become extremely popular among prop firms.
FundingPips,
for instance, registered their business there and recently reintroduced
MetaTrader 5 to their offering. Hola Prime also operates from the same
jurisdiction, having been established late last year and quickly building a
base of over 1,300 positive reviews on Trustpilot, which were ultimately
flagged as fake.
MetaQuotes Open to Direct
Licensing Relationships with Prop Trading Firms
Industry
sources speaking on condition of anonymity indicate that MetaQuotes is willing
to work with prop trading firms provided they establish direct licensing
agreements rather than accessing the platforms through white-label arrangements
with forex or CFD brokers. Additionally, these firms must avoid offering
services to customers in the United States.
“Since they
have their own license it is fine, MetaQuotes don’t mind,” commented the
owner of one prop firm to Finance Magnates.
This stance
appears strategically sound for MetaQuotes, as proprietary trading firms have
experienced significant growth throughout 2024. The previous restrictions
imposed by MetaQuotes created opportunities for competing platforms,
particularly cTrader and Match-Trader, to capture market share.
The
financial incentive for MetaQuotes is clear, especially following the company’s
decision to increase fees for both MetaTrader 4 and MetaTrader 5 by 25% at the
beginning of this year—a development exclusively reported by Finance
Magnates in February. With prop trading firms generally well-capitalized,
they represent valuable potential clients for the platform provider.
This post is originally published on FINANCEMAGNATES.
