In a proactive move to safeguard its user base and secure its Full License with MetaQuotes, Crypto Fund Trader has announced a significant operational adjustment. This adjustment specifically targets the purchase process for users based in the United States in relation to MetaTrader 5 (MT5), a leading trading platform provided by MetaQuotes.
Key Points of the Announcement:
- Temporary Purchase Block: To navigate the complex landscape shaped by recent news surrounding prop firms and regulatory considerations, Crypto Fund Trader will temporarily halt new purchases from US-based users on the MetaTrader 5 platform. This measure is seen as a strategic effort to maintain compliance and protect both the platform and its users from potential regulatory complications.
- Current US User Accounts Unaffected: It’s important to note that existing US users of Crypto Fund Trader will not be adversely affected by this new policy. Their accounts on MetaTrader 5 will remain active, ensuring uninterrupted trading activities. This decision reflects Crypto Fund Trader’s commitment to supporting its current user base while navigating regulatory requirements.
- Continued Access to Evaluations: Despite the temporary restrictions on MetaTrader 5 purchases, US users will still have the opportunity to engage with Crypto Fund Trader through evaluations available on the CFT Platform. This ensures that new and existing US-based traders can continue to access and benefit from the services offered by Crypto Fund Trader, albeit through an alternative route.
This announcement by Crypto Fund Trader underscores the dynamic and often challenging regulatory environment faced by prop trading firms. By taking these preemptive steps, Crypto Fund Trader aims to uphold its commitment to user protection and regulatory compliance, particularly in maintaining its Full License status with MetaQuotes.
As the situation evolves, Crypto Fund Trader reassures its users of its dedication to providing transparent communication and robust support, ensuring that traders can continue to navigate the markets effectively despite these temporary adjustments.
