The proprietary trading firm Alpha Capital Group hasjoined some of its peers in the industry in suspending purchases for clients in the US. Accordingto the company’s statement on X, this step is in response to recent marketdevelopments in the region.
Alpha Capital Group has decided to suspend purchasesfrom both new and existing clients in the US, effective immediately. The firm is reportedly seeking clarification through appropriate channelsto ensure certainty regarding this matter. While the suspension impacts clients in the US, operations in other jurisdictions are not affected.
— Alpha Capital Group (@AlphaCapitalUK) February 19, 2024Since our launch, our unwavering commitment to building a platform and environment to sustain not only our businesses longevity but also a place our clients can rely on.
Due to the recent market development in the United states (US) we have made the decision to suspend…
Alpha Capital Group officially communicated that it remains committed to its clients and is actively pursuing legal clarification from relevant authorities in the US. The firm aims to gather evidence to reopen services for clients in the US when deemed feasible. Until then, the company reassured clients in other jurisdictions that business will proceed as usual.
MetaQuotes' recent decision to crack down onproprietary trading platforms, though not publicly confirmed, reflects asignificant shift in its approach toward proprietary trading firms utilizing itsplatforms. By compelling Blackbull Markets to abruptly haltservices to Funding Pips, MetaQuotes highlighted its commitment to compliance and regulatory standards, particularly concerning clients in the US.
— S. BACH | Risk Manager (@TraderBach) February 15, 2024Metaquotes restricts access in the US.
While certain eval. firms exclude residents of the UK, Germany, India, the Czech Republic, and Turkey.
In these uncertain times, waiting for the storm to settle is advised.
Best of luck to traders affected, hoping for fair…
Regulatory Challenges for US Clients
The regulatory landscape in the United Statespresents unique challenges for leveraged trading services and Contract for Difference offerings,leading proprietary trading firms to operate beyond traditional regulatory frameworks.While proprietary trading platforms like Funding Pips don'tdirectly handle clients' funds, their business models face scrutiny.
As MetaQuotes enforces stricter regulations,competitors in the trading technology space are capitalizing on thisopportunity. Companies like Devexperts are launching dedicated tradingplatforms for proprietary trading services, highlighting the evolving dynamics within theindustry, Finance Magnates reported.
The proprietary trading firm Alpha Capital Group hasjoined some of its peers in the industry in suspending purchases for clients in the US. Accordingto the company’s statement on X, this step is in response to recent marketdevelopments in the region.
Alpha Capital Group has decided to suspend purchasesfrom both new and existing clients in the US, effective immediately. The firm is reportedly seeking clarification through appropriate channelsto ensure certainty regarding this matter. While the suspension impacts clients in the US, operations in other jurisdictions are not affected.
— Alpha Capital Group (@AlphaCapitalUK) February 19, 2024Since our launch, our unwavering commitment to building a platform and environment to sustain not only our businesses longevity but also a place our clients can rely on.
Due to the recent market development in the United states (US) we have made the decision to suspend…
Alpha Capital Group officially communicated that it remains committed to its clients and is actively pursuing legal clarification from relevant authorities in the US. The firm aims to gather evidence to reopen services for clients in the US when deemed feasible. Until then, the company reassured clients in other jurisdictions that business will proceed as usual.
MetaQuotes' recent decision to crack down onproprietary trading platforms, though not publicly confirmed, reflects asignificant shift in its approach toward proprietary trading firms utilizing itsplatforms. By compelling Blackbull Markets to abruptly haltservices to Funding Pips, MetaQuotes highlighted its commitment to compliance and regulatory standards, particularly concerning clients in the US.
— S. BACH | Risk Manager (@TraderBach) February 15, 2024Metaquotes restricts access in the US.
While certain eval. firms exclude residents of the UK, Germany, India, the Czech Republic, and Turkey.
In these uncertain times, waiting for the storm to settle is advised.
Best of luck to traders affected, hoping for fair…
Regulatory Challenges for US Clients
The regulatory landscape in the United Statespresents unique challenges for leveraged trading services and Contract for Difference offerings,leading proprietary trading firms to operate beyond traditional regulatory frameworks.While proprietary trading platforms like Funding Pips don'tdirectly handle clients' funds, their business models face scrutiny.
As MetaQuotes enforces stricter regulations,competitors in the trading technology space are capitalizing on thisopportunity. Companies like Devexperts are launching dedicated tradingplatforms for proprietary trading services, highlighting the evolving dynamics within theindustry, Finance Magnates reported.
