After a fewdays of unexpected downtime, the mobile servers of the MetaTrader app offeredby the prop firm FTMO are back online, following the successful resolution of a"temporary issue."
Meanwhile,discussions about ceasing the onboarding of clients from the USA and migratingfrom MetaQuotes platforms to DXtrade are still taking place in the background.
Over theweekend, numerous posts appeared on X (formerly Twitter), informing that FTMO'sservers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5 ).Speculations suggested that one of the reasons could be the migration of USinvestors to the DXtrade platform. On Sunday, one of the moderators of FTMO'sofficial Discord channel, known as Carlos, commented: "Tomorrow, therewill be an official announcement in that regard."
Official announcement coming tomorrow regarding FTMO server on mobile pic.twitter.com/ooOXZ5YvqS
— PropSafe (@propsafeio) February 18, 2024
True totheir word, by midday, an official statement was released by FTMO, clarifyingthat the weekend's server issues with MT4 and MT5 were only related to mobileservers and had been resolved.
"Thetemporary issue regarding the availability of the FTMO servers on the mobileMT4/MT5 app has been successfully resolved," the FTMO team commented onthe Discord channel.
@FTMO_com just confirmed on their Discord channel that "The temporary issue regarding the availability of the FTMO servers on the mobile MT4/MT5 app has been successfully resolved" pic.twitter.com/ikIjWgdG4W
— Damian Chmiel (@ChmielDk) February 19, 2024
Theyfurther explained: "Our team has been working diligently to ensure thatour MT4 & MT5 servers are fully operational on the mobile application onceagain. We understand the importance of having access to your trading platform at your fingertips, and we sincerely apologize for any inconvenience this mayhave caused."
FTMO severs back https://t.co/Q2xXqZxqLP
— PropSafe (@propsafeio) February 19, 2024
The Future for US Clients
Althoughthe problems with the MT4 and MT5 servers have been resolved for now, thesituation of FTMO clients from the United States remains problematic. Asexclusively reported by Finance Magnates on Sunday, according to anemail sent to one of FTMO's clients, as of February 19, MT4 and MT5 servers arenot available to traders from the USA.
"Thisdecision affects both US nationals and residents and covers all desktop, web,and mobile versions of the trading platforms," the email from FTMO supportread.
The emailalso mentioned that the account would be transferred to the new DXtradeplatform, with links provided to get acquainted with the new platform and itsdevelopers.
It appearsthere is an exodus of prop trading firms from the USA, with the list of thosestill offering their services to clients in this region rapidly shrinking.
— PropSafe (@propsafeio) February 19, 2024Prop firms that still allow US traders 🇺🇸
-TFT
-MFFX
-Blue Guardian
-GOAT
-Alpha Capital Group
-Bright Funded
-Funding Traders
-E8
-MyFlashFunding
-Lark
-FXify
-Bespoke
-SFT
-SPT
-Swift
-CTI
-Glow Node
-For TradersPlease add any I missed below and I’ll continue to update
In aLinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 propfirms she investigated, only 3 currently offer cTrader or DXTrader. Accordingto Aratovskaya, many of them "are not ready to say goodbye toMT4/MT5."
Could the words that FTMO representatives said during the FMLS:23 panel "3 players will take 80%" of the prop trading market, be prophetic?
After a fewdays of unexpected downtime, the mobile servers of the MetaTrader app offeredby the prop firm FTMO are back online, following the successful resolution of a"temporary issue."
Meanwhile,discussions about ceasing the onboarding of clients from the USA and migratingfrom MetaQuotes platforms to DXtrade are still taking place in the background.
Over theweekend, numerous posts appeared on X (formerly Twitter), informing that FTMO'sservers were not showing up on MetaTrader 4 (MT4) and MetaTrader 5 (MT5 ).Speculations suggested that one of the reasons could be the migration of USinvestors to the DXtrade platform. On Sunday, one of the moderators of FTMO'sofficial Discord channel, known as Carlos, commented: "Tomorrow, therewill be an official announcement in that regard."
Official announcement coming tomorrow regarding FTMO server on mobile pic.twitter.com/ooOXZ5YvqS
— PropSafe (@propsafeio) February 18, 2024
True totheir word, by midday, an official statement was released by FTMO, clarifyingthat the weekend's server issues with MT4 and MT5 were only related to mobileservers and had been resolved.
"Thetemporary issue regarding the availability of the FTMO servers on the mobileMT4/MT5 app has been successfully resolved," the FTMO team commented onthe Discord channel.
@FTMO_com just confirmed on their Discord channel that "The temporary issue regarding the availability of the FTMO servers on the mobile MT4/MT5 app has been successfully resolved" pic.twitter.com/ikIjWgdG4W
— Damian Chmiel (@ChmielDk) February 19, 2024
Theyfurther explained: "Our team has been working diligently to ensure thatour MT4 & MT5 servers are fully operational on the mobile application onceagain. We understand the importance of having access to your trading platform at your fingertips, and we sincerely apologize for any inconvenience this mayhave caused."
FTMO severs back https://t.co/Q2xXqZxqLP
— PropSafe (@propsafeio) February 19, 2024
The Future for US Clients
Althoughthe problems with the MT4 and MT5 servers have been resolved for now, thesituation of FTMO clients from the United States remains problematic. Asexclusively reported by Finance Magnates on Sunday, according to anemail sent to one of FTMO's clients, as of February 19, MT4 and MT5 servers arenot available to traders from the USA.
"Thisdecision affects both US nationals and residents and covers all desktop, web,and mobile versions of the trading platforms," the email from FTMO supportread.
The emailalso mentioned that the account would be transferred to the new DXtradeplatform, with links provided to get acquainted with the new platform and itsdevelopers.
ADVERTIsem*nT
It appearsthere is an exodus of prop trading firms from the USA, with the list of thosestill offering their services to clients in this region rapidly shrinking.
— PropSafe (@propsafeio) February 19, 2024Prop firms that still allow US traders 🇺🇸
-TFT
-MFFX
-Blue Guardian
-GOAT
-Alpha Capital Group
-Bright Funded
-Funding Traders
-E8
-MyFlashFunding
-Lark
-FXify
-Bespoke
-SFT
-SPT
-Swift
-CTI
-Glow Node
-For TradersPlease add any I missed below and I’ll continue to update
In aLinkedIn post, the industry expert Anya Aratovskaya estimated that out of 122 propfirms she investigated, only 3 currently offer cTrader or DXTrader. Accordingto Aratovskaya, many of them "are not ready to say goodbye toMT4/MT5."
Could the words that FTMO representatives said during the FMLS:23 panel "3 players will take 80%" of the prop trading market, be prophetic?
