The proprietary trading platform Instant Funding has shifted its attention to DXtrade a few weeks after discontinuing its services toUS traders. The company provided an update via Twitter, outlining the progressand upcoming milestones in the process for DXtrade migration.
After ceasing operations for US traders, InstantFunding has been preparing to introduce DXtrade, its latest tradingplatform. Despite encountering regulatory challenges, the company maintains thatit is committed to providing seamless trading experiences for its users.
Instant Funding mentioned: "Right now, we’re testing trading across all instruments to be 100% confident in how trades are executed for you when we go live. We expect the technical part of DXtrade integration to be completed today."
— Instant Funding (@InstantFunding_) March 6, 2024Hey team,
We want to give you a quick update on the DXtrade migration.
As of today, March 6, we’ve completed the DXtrade platform setup, connected the liquidity provider, and have added new staff members and consultants to the team to help ensure the smoothest transition… pic.twitter.com/PU0EqXQz9B
According to the announcement, Instant Fundingdisclosed that it has completed setting up the new platform, integratingliquidity providers , and bolstering the team with new staff and consultants.According to the firm, these efforts aim to ensure a smooth transition fortraders.
Instant Funding emphasized the importance of testingthe new platform to ensure optimal trading conditions on the DXtrade platform.Currently, the company is reportedly testing trading across all instruments toguarantee the reliability and efficiency of trade executions.
Instant Funding anticipates finalizing the completemigration early next week, slightly later than the initial projection. Thecompany has assured traders of its dedication to expediting the process whileprioritizing the quality and reliability of the platform.
ThinkMarkets' Decision and Implications
Last month, Instant Funding discontinued itsservices to the US traders following a decision by ThinkMarkets to end services for proprietary trading firms in the region.
— Instant Funding (@InstantFunding_) February 20, 2024Hey team,
We want to inform our American clients of an important change in our trading platform due to a recent decision by our partner broker, ThinkMarkets.
As of the end of the trading session on Friday, February 23, ThinkMarkets will cease to provide services to prop firms’… pic.twitter.com/51KwgYYjnk
Instant Funding's move followed a series of restrictions on services to US clients among proprietary trading firms, Finance Magnates reported.Purple Trading and Blackbull ceased offerings to proprietary trading firms.
ThinkMarkets' decision to discontinue services to USclients reflects a broader shift in the proprietary trading industry. While itcontinues operations outside the US, the move raised speculation aboutMetaQuotes' involvement.
Thus, Instant Funding promised US traders that itwould introduce DXtrade as an alternative trading platform. This platform aims to cater toUS traders and provide an alternative to global users. Despite anticipated challengesduring the transition period, Instant Funding assured existing US traders thatthey would retain their accounts.
The proprietary trading platform Instant Funding has shifted its attention to DXtrade a few weeks after discontinuing its services toUS traders. The company provided an update via Twitter, outlining the progressand upcoming milestones in the process for DXtrade migration.
After ceasing operations for US traders, InstantFunding has been preparing to introduce DXtrade, its latest tradingplatform. Despite encountering regulatory challenges, the company maintains thatit is committed to providing seamless trading experiences for its users.
Instant Funding mentioned: "Right now, we’re testing trading across all instruments to be 100% confident in how trades are executed for you when we go live. We expect the technical part of DXtrade integration to be completed today."
— Instant Funding (@InstantFunding_) March 6, 2024Hey team,
We want to give you a quick update on the DXtrade migration.
As of today, March 6, we’ve completed the DXtrade platform setup, connected the liquidity provider, and have added new staff members and consultants to the team to help ensure the smoothest transition… pic.twitter.com/PU0EqXQz9B
According to the announcement, Instant Fundingdisclosed that it has completed setting up the new platform, integratingliquidity providers , and bolstering the team with new staff and consultants.According to the firm, these efforts aim to ensure a smooth transition fortraders.
Instant Funding emphasized the importance of testingthe new platform to ensure optimal trading conditions on the DXtrade platform.Currently, the company is reportedly testing trading across all instruments toguarantee the reliability and efficiency of trade executions.
Instant Funding anticipates finalizing the completemigration early next week, slightly later than the initial projection. Thecompany has assured traders of its dedication to expediting the process whileprioritizing the quality and reliability of the platform.
ThinkMarkets' Decision and Implications
Last month, Instant Funding discontinued itsservices to the US traders following a decision by ThinkMarkets to end services for proprietary trading firms in the region.
— Instant Funding (@InstantFunding_) February 20, 2024Hey team,
We want to inform our American clients of an important change in our trading platform due to a recent decision by our partner broker, ThinkMarkets.
As of the end of the trading session on Friday, February 23, ThinkMarkets will cease to provide services to prop firms’… pic.twitter.com/51KwgYYjnk
Instant Funding's move followed a series of restrictions on services to US clients among proprietary trading firms, Finance Magnates reported.Purple Trading and Blackbull ceased offerings to proprietary trading firms.
ThinkMarkets' decision to discontinue services to USclients reflects a broader shift in the proprietary trading industry. While itcontinues operations outside the US, the move raised speculation aboutMetaQuotes' involvement.
ADVERTIsem*nT
Thus, Instant Funding promised US traders that itwould introduce DXtrade as an alternative trading platform. This platform aims to cater toUS traders and provide an alternative to global users. Despite anticipated challengesduring the transition period, Instant Funding assured existing US traders thatthey would retain their accounts.
