MetaQuotes Ban: Metatrader Prop Firms Support MT4 & MT5 For US Traders - FundingTraders Blog (2024)

Funding Traders, a MetaTrader prop firm, continues to support MT4 and MT5 platforms for US traders. With MetaQuotes’s recent regulations, many prop firms are now restricting their services to US-based traders. These recent prop firm industry changes have left a negative impact on USA-based forex traders.

However, not all prop firms are affected by MetaQuote’s new updates for Metatrader platforms. As a regulated forex prop firm, Funding Traders aligns with MetaQuote’s latest prop trading policies and still accepts traders from the USA. Keep reading to learn more about the best Metatrader prop firm that supports MT4 and MT5 platforms for US traders.

MetaQuotes Banning Metatrader Prop Firms

Following True Forex Funds’ shutdown on February 2, MetaQuotes withdrew its support for several prop trading prop firms operating without authorized licenses. These prop firms were offering MT4 and MT5 services to US clients through white-label broker companies. As a result, non-regulated prop firms operating under gray-label licensing have terminated MT4/MT5 services for US clients. A few prop firms affected by MetaQuotes’ policy updates include:

  • Funded Engineer
  • Funding Pips
  • Funded Trading Plus
  • The5ers
  • Maven Prop Trading
  • FundedNext
  • Instant Funding
  • FXIFY
  • Audacity Capital

Many prop firms have permanently stopped servicing US clients. Meanwhile, a few prop firms like Crypto Funded Trader have only terminated MT4 and MT5 services for US traders. These companies are actively migrating client accounts to cTrader, Match Trader, and other alternative trading platforms. Certainly, the MetaQuotes’ crackdown has forced non-regulated prop firms and brokers to terminate support for MT4 and MT5 platforms.

Did MT4 And MT5 Get Banned In The US?

Meta Trader 4 and Meta Trader 5, also known as MT4 and MT5, are not banned in the USA. These globally acclaimed software platforms offer a range of tools to leverage multiple financial markets – even in the USA.

While the MetaTrader 5 app was briefly removed from the App Store two years ago, it is now accessible to all US traders. In fact, traders can also access the desktop version of MetaTrader to execute trades. MetaQuotes crackdown only affected prop firms, brokers, and liquidity providers operating without licenses in North America.

US Prop Firms With MT4 And MT5 Support

Funding Traders is among the few prop firms that continue to offer MT4 and MT5 trading platforms to US traders. Our prop firm manages its own backend, connected to multiple brokers – allowing experienced US traders like you to execute trades in a safe, transparent, and regulated environment.

Reputable, Regulated Brokers

As opposed to non-regulated, white-label, or gray-label licensing, Funding Traders has partnered with reputable, regulated brokers. US-based retail traders can select CBT Limited (City Broker Technologies) – a leading broker solution that supports MT4 and MT5 platforms. All US trading accounts have been migrated to MT5 (CBT) for a seamless experience. Primarily, CBT Limited offers Broctagon as the liquidity provider to trade forex.

US traders can also select other regulated liquidity providers – best suited for their strategies. In fact, Funding Traders invests heavily in infrastructure, training, and backend support. Associated traders can select a broker partner or liquidity provider to access the MT4 and MT5 platforms.

Meanwhile, non-US traders can access Metatrader platforms through BlueBerry Markets – an ASIC-regulated broker. With competitive trading conditions, BlueBerry Markets supports a variety of financial instruments for international traders.

MetaTrader Prop Firms Accepting New US Clients

While existing US clients continue to trade futures, Funding Traders is actively accepting new traders from North America. The prop firm offers several funded account sizes – ranging between $10,000 to $500,000. In fact, skilled, consistently profitable, and experienced traders like you can scale up their funded accounts and manage up to $2M in funded capital.

Start your trading journey in the USA and leverage:

  • Multiple Funded Account Sizes
  • 1-Step and 2-Step Evaluations
  • No-Commission During Challenges
  • Up To 100% Profit Split For US Traders
  • Fast 7-Day Payouts
  • Mentorship From ex-Wall Street Trader CEO

With support for MT5 platforms, multi-instrument traders can also leverage various financial markets – including Forex, Crypto, Stocks, and Metals. This extensive selection creates unique opportunities to generate profits from different instruments. Plus, traders can diversify their portfolios to maximize earnings.

Funding Traders also provides comprehensive training programs, educational resources, and webinars. Traders can leverage these resources to develop their strategies on the MetaTrader platforms. With an innovative approach to prop trading, Funding Traders will continue to offer a competitive trading environment to US traders – along with support for MT4 and MT5 platforms.

MetaQuotes Ban: Metatrader Prop Firms Support MT4 & MT5 For US Traders - FundingTraders Blog (2024)

FAQs

Is MetaQuotes banning prop firms? ›

MetaQuotes, the developer of popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms do not comply). This decision has had a negative impact on most prop traders in the US.

Why is MetaQuotes banning US traders? ›

The MetaQuotes move indicates that the company is very cautious when it comes to offering services using its platform to US clients. The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.

Why are brokers leaving MetaQuotes? ›

Over the past few months, MetaQuotes has tightened its grip on licensing policies, particularly impacting those operating with Grey Labels – brokers who share their platforms with other companies. This shift culminated in a major policy change in October 2022, with MetaQuotes discontinuing their White Label offerings.

Is MetaQuotes legit? ›

The app, which is made by a Cypriot-based company called MetaQuotes, has been used to perpetrate a new type of cryptocurrency scam, known as pig butchering, where a scammer builds a longer term relationship with their victim before convincing them to invest money over time.

Can I use MT5 in the USA? ›

All United States forex brokers support MT4 only. Brokers based in Europe and Australia aren't as closed off and many support both MT4 and MT5. If you want to expand your trading into areas like equities and commodities, MetaTrader 5 is a great tool. Just make sure the broker you want to use actually supports it.

Can I trust MetaTrader? ›

Yes, the MT4 WebTrader trading platform is legitimate.

Is MetaTrader fake? ›

While MT5 itself is not a scam, it's essential to recognize that for a secure experience, one must know about any potential scams and fraudulent behaviour they may encounter when using the platform. In the rest of the article, these scams are explored and the ways to avoid them.

Are prop firms legal in the US? ›

It is not illegal to operate or trade with a prop firm. However, where most online prop firms come unstuck is in their business practices and terms of service. Some of the largest prop firms that I'm sure you would have heard of have fallen victim to these mistakes over the last few months.

What is the difference between MetaQuotes MT4 and MT5? ›

MT4 provides basic technical analysis tools, including various built-in indicators, charting options, and drawing tools. However, its analytics capabilities could be improved compared to MT5. MT5 offers enhanced analytics tools, including more built-in technical indicators, graphical objects, and analytical objects.

Is MetaTrader real money? ›

The MetaTrader 4 trading platform has been around since 2005, and it is the leading platform for all levels of traders who have taken up online trading. The short answer would be yes.

Is MetaQuotes a Russian company? ›

MetaQuotes Software is a Russian software company specializing in the development of software for foreign exchange trading.

Is MetaQuotes banning US traders? ›

Meta Quotes' decision to restrict access for US traders has had a direct impact on prop firms that relied on their platform. Some prop firms have been forced to adapt to this change by seeking alternative trading platforms or exploring other options.

Why did Apple remove MetaTrader 4? ›

The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines. Though, there hasn't been any formal explanation from the company. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading.

Can I use MetaTrader 4 in the US? ›

Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy. Start trading on MT4 by opening an account, or practice first using virtual funds with an MT4 demo.

What is going on with MetaQuotes? ›

Meta Quotes, the company behind the popular trading platform MetaTrader, has made the decision to restrict access to their platform for US traders. This decision has caused some prop firms to face challenges and has raised concerns about the future of prop trading.

Why are prop firms moving away from MetaTrader? ›

The industry's challenges stem from tightened restrictions by MetaQuotes, affecting Prop trading firms' access to MetaTrader platforms. This development has prompted a reassessment of the trading technology infrastructure and partnerships that underpin their operations.

Will prop firms be banned? ›

The speculation now is that the governing bodies and regulators will put a ban on the whole prop firm industry – which is not going to happen. The prop firm industry has been alive, well and regulated for decades. It's only the online prop firm space that is yet to see regulation.

Are prop firms getting shut down? ›

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

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