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

• March 1, 2024

Funding Traders, a prop firm offering MetaTrader, continues to support the MT5 platform 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. Keep reading to learn more about the best Metatrader prop firm that supports the MT5 platform 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, DXTrade, and other alternative trading platforms. Certainly, the MetaQuotes’ crackdown has forced these 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. The MT5 app is available on the US App Store and Google Play Store. Traders can leverage the app to perform technical market analysis, evaluate previous trading operations, and receive financial news updates across the USA.

US Prop Firms With MT5 Support

Funding Traders is among the few prop firms that continue to offer 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, Price-Feed Brokers

As opposed to non-regulated, white-label, or gray-label licensing, Funding Traders has partnered with reputable brokers and price-feed providers. US-based retail traders can select CBT Limited (City Broker Technologies) – a leading broker solution that supports the MT5 platform. 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.

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 the MT5 platform.