TradersWithEdge, a well-known proprietary trading firm, has reintroduced the MetaTrader 5 (MT5) platform, enhancing its suite of trading tools. The firm announced the return of MT5 on its X (formerly Twitter) account, sharing the news with its trading community under the banner, “MetaTrader 5 is Back at TradersWithEdge.”
MT5 Makes a Return to TradersWithEdge
The MT5 platform is highly regarded for its advanced trading capabilities, including robust charting tools, automated trading features, and in-depth market analysis. Its user-friendly interface makes it accessible for both novice and seasoned traders alike. The return of MT5 is expected to enhance the trading experience at TradersWithEdge, offering traders more sophisticated tools to navigate global markets.
Special Promotions for Traders
In addition to the platform’s comeback, TradersWithEdge has introduced a special promotion. The firm is running a limited-time offer that gives traders a 2-for-1 deal on challenge accounts for both 1 and 2 Phase trading challenges. This promotion is designed to attract more traders and give them additional opportunities to prove their trading skills.
Regulatory Shifts in Prop Trading
Elsewhere in the proprietary trading space, FXIFY, another prominent firm, is undergoing changes in its MetaTrader services due to regulatory updates from MetaQuotes, the creator of the MetaTrader platforms. As part of these changes, FXIFY has been instructed to stop offering MetaTrader services to traders in the United States, prompting the firm to transition its U.S.-based traders to the DX platform.
ASIC’s Focus on Prop Trading Firms
Regulatory scrutiny of proprietary trading firms is on the rise, with the Australian Securities & Investments Commission (ASIC) closely monitoring the growth of prop trading companies, particularly those involved in CFD trading. ASIC has confirmed its intention to focus on the distribution channels for CFDs and proprietary trading services in the upcoming year. This increased regulatory focus follows similar concerns raised by other financial regulators, such as CySEC and ESMA, signaling that global attention is shifting toward these trading models.
