Funds for Traders, a Netherlands-based retail proprietary trading firm, is closing its operations, FXMarket.news has learned. The company’s website (fundsfortraders.com) now displays a message explaining that its executing broker, Eightcap, has informed them that it will no longer support the MT4 and MT5 trading platforms for prop trading. As these platforms have been central to Funds for Traders’ services, the firm stated that it can no longer operate effectively without them.
This development seems to be linked to increased pressure from MetaQuotes, the developer of MT4 and MT5, on brokers licensing its platforms (like Eightcap) to ensure compliance with regulatory requirements. MetaQuotes is particularly concerned with preventing US-based traders from accessing its platforms through brokers that aren’t licensed in the US. Given that many prop firms have struggled to avoid attracting well-funded US clients, this move by MetaQuotes was seen as inevitable.
As Eightcap provides services to several retail prop trading firms, industry experts anticipate that more firms may follow in Funds for Traders’ footsteps by either shutting down or quickly adopting alternative trading platforms.
The full message currently displayed on the Funds for Traders website reads as follows:
Official closure of Funds For Traders
We regret to inform you that as of today, we will be ceasing all operations at Funds For Traders. This decision comes after receiving news from Eightcap that they will no longer be supporting the MetaTrader 4 and MetaTrader 5 platforms for prop trading. Unfortunately, this means that we can no longer offer these platforms to our users.
MetaTrader has been a cornerstone of our services, and without it, we cannot continue to operate effectively. We understand that this is sudden and disappointing news, especially given the hard work and commitment from everyone involved.
We have had the privilege of changing lives globally—this was, after all, our mission. We are incredibly proud of the positive impact we’ve made and the successes we’ve shared with our traders.
As we close this chapter, we wish all traders success in their future endeavors and sincerely hope that our paths cross again one day.
Please be assured that everyone with active challenges will be contacted and handled properly. We will work to minimize any disruption during this transition.
We sincerely thank you for your support and trust in us. If you have any questions or concerns, please do not hesitate to reach out to our support team at support@fundsfortraders.com.
Thank you for your understanding.