MyFlashFunding, a United States-based prop buying and selling agency, introduced its partnership in the present day (Monday) with an “ASIC-regulated dealer” to proceed providing providers to its non-US shoppers. The Australian Securities and Trade Fee (ASIC) is likely one of the prime monetary providers regulators.
Nevertheless, the prop buying and selling agency didn’t reveal the title of its brokerage companion. It’s also unclear if the dealer will supply the providers underneath the ASIC license or another regulatory license.
“MyFlashFunding has secured an ASIC regulated dealer solely for MyFlashFunding and related events,” the prop agency famous on its discover in the present day throughout its social channels. “This units us aside by providing a novel benefit—shielding us from the dangers that different brokers within the proprietary buying and selling house might face.”
The corporate additional detailed it’s “swiftly transitioning all operations to our new dealer by Wednesday. This transfer not solely ensures the safety of our operations but in addition guarantees considerably enhanced buying and selling situations for all our shoppers.”
IMPORTANT ANNOUNCEMENT ⚡️
MyFlashFunding has secured a ASIC regulated dealer solely for MyFlashFunding and related events.
This units us aside by providing a novel benefit—shielding us from the dangers that different brokers within the proprietary buying and selling house might face.…
— MyFlashFunding (@myflashfunding) February 25, 2024
Finance Magnates approached the prop buying and selling agency to know the partnership particulars however didn’t obtain any reply as of press time.
Struggled to Supply Providers within the US
The partnership got here when the prop buying and selling trade confronted an alleged crackdown by MetaQuotes, the developer of the 2 MetaTrader buying and selling platforms. A number of brokers have terminated providing providers to prop buying and selling platforms, primarily those gray labeling their MetaTrader license to prop companies offering providers to shoppers within the US.
Amid the alleged crackdown, a number of prop companies, together with MyFlashFunding, have terminated their choices to the US. Now, MyFlashFunding has revealed that it’s within the strategy of integrating Match-Commerce, a rival platform of MetaTrader, to renew choices to US clients.
“To our MyFlashFunding shoppers within the US, relaxation assured, we’ve plans tailor-made only for you. We’re within the last phases of integrating Match-Commerce!” the prop buying and selling platform added.
MyFlashFunding, a United States-based prop buying and selling agency, introduced its partnership in the present day (Monday) with an “ASIC-regulated dealer” to proceed providing providers to its non-US shoppers. The Australian Securities and Trade Fee (ASIC) is likely one of the prime monetary providers regulators.
Nevertheless, the prop buying and selling agency didn’t reveal the title of its brokerage companion. It’s also unclear if the dealer will supply the providers underneath the ASIC license or another regulatory license.
“MyFlashFunding has secured an ASIC regulated dealer solely for MyFlashFunding and related events,” the prop agency famous on its discover in the present day throughout its social channels. “This units us aside by providing a novel benefit—shielding us from the dangers that different brokers within the proprietary buying and selling house might face.”
The corporate additional detailed it’s “swiftly transitioning all operations to our new dealer by Wednesday. This transfer not solely ensures the safety of our operations but in addition guarantees considerably enhanced buying and selling situations for all our shoppers.”
IMPORTANT ANNOUNCEMENT ⚡️
MyFlashFunding has secured a ASIC regulated dealer solely for MyFlashFunding and related events.
This units us aside by providing a novel benefit—shielding us from the dangers that different brokers within the proprietary buying and selling house might face.…
— MyFlashFunding (@myflashfunding) February 25, 2024
Finance Magnates approached the prop buying and selling agency to know the partnership particulars however didn’t obtain any reply as of press time.
Struggled to Supply Providers within the US
The partnership got here when the prop buying and selling trade confronted an alleged crackdown by MetaQuotes, the developer of the 2 MetaTrader buying and selling platforms. A number of brokers have terminated providing providers to prop buying and selling platforms, primarily those gray labeling their MetaTrader license to prop companies offering providers to shoppers within the US.
Amid the alleged crackdown, a number of prop companies, together with MyFlashFunding, have terminated their choices to the US. Now, MyFlashFunding has revealed that it’s within the strategy of integrating Match-Commerce, a rival platform of MetaTrader, to renew choices to US clients.
“To our MyFlashFunding shoppers within the US, relaxation assured, we’ve plans tailor-made only for you. We’re within the last phases of integrating Match-Commerce!” the prop buying and selling platform added.
