2/22/2024, 12:00:00 AM | www.financemagnates.com | news
Prop Trading Firm Instant Funding Grapples with ThinkMarkets' Service Termination in US
Instant Funding, a proprietary trading firm, has announced significant changes to their trading platform for American clients due to a recent decision by their partner broker, ThinkMarkets, to terminate services to US clients. Instant Funding plans to introduce DXtrade, an alternative trading platform, to mitigate potential disruptions. The transition period is expected to last up to three weeks, but efforts are being made to expedite this process. Existing American traders will retain their accounts during the transition. This development is part of a broader trend of restrictions on services to US clients among proprietary trading firms, including Purple Trading, Blackbull, The5ers, FTMO, Blue Guardian, Audacity Capital, and Alpha Capital, amid speculation of pressure from MetaQuotes.