Dallas, Texas based retail prop trading firm MyFundedFX has announced that it has gone live with the cTrader trading platform, via CFDs broker Purple Trading Seychelles, the offshore arm of Cyprus based broker Purple Trading.
MyFundedFX is one of a handful of prop firms that was terminated recently by its previous broker, Australia based Blueberry Markets. Blueberry Markets – alongside a number of other brokers servicing prop firms – has come under pressure from platform provider MetaQuotes to drop prop business transacted on MetaQuotes’ MT4 and MT5 trading platforms, or else risk losing their MT4/MT5 license. The majority of retail trading activity at Blueberry, like numerous other CFDs brokers, flows through MT4 or MT5.
In addition to the broker switch, prop firms like MyFundedFX have been scrambling to integrate new trading platforms to replace MT4 and MT5, most notably Spotware’s cTrader, Devexperts’ DXtrade, or Match-Trade Technologies’ Match-Trader. In MyFundedFX’s case they went live today with cTrader.
In response to our earlier aforementioned report about Blueberry Markets terminating all prop MT4 and MT5 business, MyFundedFX tweeted out today that all Blueberry accounts will be migrated to a new platform on Friday March 8th away from MT4 and MT5. The default platform for migration is Match-Trader which, the company said, has been working well in testing and has a great UI. MyFundedFX said it is providing traders the option to choose between DXtrade and cTrader, if a client would like to migrate to one of those platforms as well.
MyFundedFX was established in June 2022. Based in Dallas, Texas, it is run by CEO Matthew Leech, who is also behind sister company MyFundedFutures (futures prop trading) and co-owner of another retail prop trading brand called Swift Funding.
