Instant
Funding, a prop trading firm focused on the forex (FX) markets, has introduced
direct trading capabilities via the MetaTrader 5 (MT5) application after
obtaining its own “main label” license.
This means
the company will offer its clients access to the popular MetaQuotes platform a
year after it was withdrawn due to regulatory issues that impacted the industry
in early 2024.
Instant Funding adds
MetaTrader 5
The firm
stated it has completed comprehensive testing of the MT5 integration, ensuring
reliability for traders.
According
to the announcement, “Instant Funding server is now officially on the MT5 app,
we’ve conducted every test, and you can trade with us directly from the app.”
This move enables users to leverage MT5’s features, such as real-time charting,
technical analysis, and automated trading, on mobile platforms.
At the
beginning of last year, Instant Funding accessed MetaTrader through its broker
partner, ThinkMarkets. However, the firm announced it would suspend services
for prop firm clients by the end of February in response to MetaQuotes’
regulatory overhaul concerning the gray-labeling of MT5 and MT4 licenses.
At the
time, like many other firms, Instant Funding sought a new platform provider and
migrated to DXtrade. Over time, it also added cTrader to its offerings. While
these platforms have gained significant traction among prop traders over the
past 12 months, data shows that MetaTrader remains the most sought-after
trading platform.
MetaTrader
5 Returns to Prop Firm Offerings
Last month,
MyFundedFX announced plans to migrate its clients back to MT5 following a newly
established partnership with Seacrest Markets. Similar to Instant Funding, the
firm had initially switched to DXtrade but is now offering clients the option
to return to MetaTrader.
A few
months ago, TradersWithEdge made a similar move, reintroducing the MetaQuotes
platform to its offerings. While MetaTrader fees have increased by 25% this
year, the platform provider no longer views prop firms as unfavorably.
“We would like to notify you of an upcoming amendment to the monthly license fees of the MetaTrader 4 products,” MetaQuotes wrote to its clients two months ago. “Our commitment to providing you with the highest quality products and services has led to an increase in operating costs, which, ultimately, necessitated this price update.”
With the
growing popularity of prop trading firms, MetaQuotes sees them as potential key
clients and a revenue source alongside FX/CFD brokers.
According
to Pip Farm’s CEO, James Glyde, “MetaQuotes did a huge favor for the prop
trading industry” by suspending licenses last year. This decision, he
explained to Finance Magnates, helped weed out weaker firms while
demonstrating to traders that alternatives such as “cTrader, TradeLocker,
MatchTrader, Sirix, and DXtrade” exist.
This article was written by Damian Chmiel at www.financemagnates.com.
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