In the last hour another firm has closed their doors to traders, this time it is the budget-friendly Funds for Traders. They state their reasoning as news coming from Eightcap, their broker, that MT4 and MT5 will no longer be supported for prop trading.
This was one of the last firms which was partnered with Eightcap so the impact industry-wide should be minimal.
Here is their statement:
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.Sincerely,The Funds For Traders Team
More news to follow.
