High Tier Dealer, a US-based prop buying and selling agency, has totally scrapped MetaTrader platforms and is now solely providing providers on TradeLocker, a comparatively new buying and selling platform. The prop buying and selling agency will end the migration of all its current shoppers utilizing MT4 and MT5 to the brand new buying and selling platform by at present (Tuesday).
“Relatively than rush to onboard one other dealer with the hope that we would keep MT4/5 for a bit longer, solely creating extra uncertainty, disruption, and instability for our Merchants, we’ve got made the choice to not supply MT4 and MT5 from this level ahead,” the CEO of High Tier Dealer, Dave Guttman, wrote on the Discord server of the corporate.
Ending MetaTrader Providing
The addition of the brand new buying and selling platform didn’t come abruptly, because the prop buying and selling platform added TradeLocker “final summer season.”
“We evaluated DXTrade, CTrader, and others, and it was clear to us that TradeLocker was the perfect various to MT4/5,” the CEO added. In the meantime, a lot of the different prop buying and selling platforms are including DXtrade and cTrader, amongst a couple of different buying and selling platforms.
After primarily rug-pilling a number of high-spender international locations
High Tier runs its largest sale in historical past and is migrating to Tradelocker https://t.co/DnXC6Ytk8p pic.twitter.com/UIdeFqIVgr
— FundTraders (@FundTraders) February 26, 2024
TradeLocker was developed by the folks behind MochaLabs, which additionally runs the prop buying and selling platform Funder Professional. The buying and selling platform appears to be concentrating on prop corporations as its web site says prop corporations can launch with its platform in merely seven days to 6 weeks.
An Uncommon Transfer to Prohibit Merchants from 10 International locations
Concerning High Tier Dealer, the corporate grabbed headlines earlier this month because it restricted merchants from ten uncommon international locations, together with Vietnam, Pakistan, Kenya, the UK, India, Turkey, and Germany.
Whereas different prop corporations, large and small, restricted their providers to US-based clients, High Tier Dealer continued to supply providers to its clients in that nation. With the embrace of TradeLocker, High Tier Dealer cemented its place within the US market.
In accordance with the High Tier Dealer web site, it gives as much as $600k in simulated funding, which may be scaled as much as $2 million. It additionally claims to share 90 % of the revenue with the merchants. The corporate additionally clarifies that it gives buying and selling within the simulated atmosphere and never on dwell markets.
Though the platform doesn’t share any of its metrics publicly, its social following can consider its reputation: it has greater than 9,900 followers on Twitter and greater than 31,000 followers on its Discord server.
For extra data, please head to our Discord Group and we shall be blissful to help.https://t.co/qw57YtL3xp pic.twitter.com/LkgYYwRPlF
— Dave Guttman (@daveguttman_) February 26, 2024
“Please notice that every one trades should be closed by February twenty sixth, 5PM EST to facilitate this migration. Any trades not closed by February twenty sixth, 6 PM EST shall be closed routinely,” the migration discover by High Tier Dealer added. “Buying and selling shall be out there once more by February twenty seventh, 9AM EST.”
High Tier Dealer, a US-based prop buying and selling agency, has totally scrapped MetaTrader platforms and is now solely providing providers on TradeLocker, a comparatively new buying and selling platform. The prop buying and selling agency will end the migration of all its current shoppers utilizing MT4 and MT5 to the brand new buying and selling platform by at present (Tuesday).
“Relatively than rush to onboard one other dealer with the hope that we would keep MT4/5 for a bit longer, solely creating extra uncertainty, disruption, and instability for our Merchants, we’ve got made the choice to not supply MT4 and MT5 from this level ahead,” the CEO of High Tier Dealer, Dave Guttman, wrote on the Discord server of the corporate.
Ending MetaTrader Providing
The addition of the brand new buying and selling platform didn’t come abruptly, because the prop buying and selling platform added TradeLocker “final summer season.”
“We evaluated DXTrade, CTrader, and others, and it was clear to us that TradeLocker was the perfect various to MT4/5,” the CEO added. In the meantime, a lot of the different prop buying and selling platforms are including DXtrade and cTrader, amongst a couple of different buying and selling platforms.
After primarily rug-pilling a number of high-spender international locations
High Tier runs its largest sale in historical past and is migrating to Tradelocker https://t.co/DnXC6Ytk8p pic.twitter.com/UIdeFqIVgr
— FundTraders (@FundTraders) February 26, 2024
TradeLocker was developed by the folks behind MochaLabs, which additionally runs the prop buying and selling platform Funder Professional. The buying and selling platform appears to be concentrating on prop corporations as its web site says prop corporations can launch with its platform in merely seven days to 6 weeks.
An Uncommon Transfer to Prohibit Merchants from 10 International locations
Concerning High Tier Dealer, the corporate grabbed headlines earlier this month because it restricted merchants from ten uncommon international locations, together with Vietnam, Pakistan, Kenya, the UK, India, Turkey, and Germany.
Whereas different prop corporations, large and small, restricted their providers to US-based clients, High Tier Dealer continued to supply providers to its clients in that nation. With the embrace of TradeLocker, High Tier Dealer cemented its place within the US market.
In accordance with the High Tier Dealer web site, it gives as much as $600k in simulated funding, which may be scaled as much as $2 million. It additionally claims to share 90 % of the revenue with the merchants. The corporate additionally clarifies that it gives buying and selling within the simulated atmosphere and never on dwell markets.
Though the platform doesn’t share any of its metrics publicly, its social following can consider its reputation: it has greater than 9,900 followers on Twitter and greater than 31,000 followers on its Discord server.
For extra data, please head to our Discord Group and we shall be blissful to help.https://t.co/qw57YtL3xp pic.twitter.com/LkgYYwRPlF
— Dave Guttman (@daveguttman_) February 26, 2024
“Please notice that every one trades should be closed by February twenty sixth, 5PM EST to facilitate this migration. Any trades not closed by February twenty sixth, 6 PM EST shall be closed routinely,” the migration discover by High Tier Dealer added. “Buying and selling shall be out there once more by February twenty seventh, 9AM EST.”
