Company Cites Need for Strategic Changes
Proftit Ltd., a CRM solutions provider serving brokers and proprietary trading firms, has announced plans to shut down its operations. The company stated that it intends to reassess its business direction, recognizing that future opportunities may lie beyond its current focus. However, it has not disclosed specific details about its next steps.
Industry Changes Drive Decision
Proftit explained that the decision followed a thorough review of market trends, revealing the need for a significant realignment. “We would like to express our heartfelt gratitude to our clients, partners, and employees for their support and collaboration,” the company stated.
The firm’s website lists services such as broker CRM solutions, trading technology, and prop firm tools. Despite its decision to shut down, similar tech providers in the industry are experiencing growth.
Technology Providers See Surge in Demand
Proftit’s closure comes at a time when competitors in trading technology are expanding rapidly. MetaQuotes continues to lead the industry with its MetaTrader 4 and MetaTrader 5 platforms. However, its restrictions on prop trading services for US-based traders last year created opportunities for rival platforms.
Devexperts, which offers DXtrade, reported onboarding over 40 prop firms within a year, with its SaaS user base tripling to 1 million in 2024. Spotware Systems, the provider of cTrader, has also gained new clients, benefiting from the increased demand.
Meanwhile, MetaQuotes raised licensing fees for its platforms at the start of 2025 and remains restrictive toward integrations with competing platforms like TradingView. With market dynamics shifting, Proftit’s decision to restructure highlights the evolving landscape of fintech and trading technology.
