There is the CFTC red list, but you can guarantee that every offshore broker that accepts US clients will be on it.
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END-USER LICENSE AGREEMENTS
The current MetaQuotes end-user license agreement (EULA) may be found here:
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#Boycott MetaQuotes
Interesting. Whatever happened to all ACT Trader fans.
I see ACT is here to stay and will be the platform of choice.
Hope Mr Luc wonât come hunting for me 
TradeLocker is a more popular platform than ACT Trader, in fact, more brokers are using it now after MetaTrader was dumped, then ACT Trader.
TradeLocker is a brand-new trading platform powered by TradingView
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brought these guys up a while ago, you guys can check into them
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MetaQuotes Removes Unregulated Brokers from MetaTrader
MetaQuotes phases out MT4 support for unregulated brokers, urging Forex traders towards safer, regulated platforms for enhanced investment security.
Introduction
The Forex trading landscape is undergoing a significant transformation. MetaQuotes, the company behind MetaTrader 4 (MT4), a platform widely favored by retail Forex traders, is removing its support from several unregulated brokers. This decision is having a profound impact, especially in the United States and other regions where brokerage options are already limited. The move signals a shift in the industry, steering traders from unregulated to regulated brokerages.
MetaQuotesâ Decision and Its Impact
MetaQuotesâ withdrawal of MT4 from unregulated brokers has sent ripples through the Forex trading community. MT4 is known for its user-friendly interface and broad accessibility, making it a preferred choice for many traders. However, the recent decision by MetaQuotes is forcing traders to reconsider their brokerage choices, spotlighting the risks associated with unregulated platforms and the benefits of switching to regulated brokerages.
The Risks of Unregulated Brokers
Unregulated brokers, such as Hugoâs Way, Hano Trade, and Kot4x, pose significant risks to traders. Operating without regulatory oversight, these platforms can engage in questionable business practices, jeopardizing the safety of tradersâ investments. The lack of regulation means there is no guarantee of fund security in the event of the brokerage facing financial difficulties or engaging in fraudulent activities. This precarious situation places traders at risk of losing their entire capital invested in these platforms.
Benefits of Trading with Regulated Brokerages
In contrast, regulated brokerages offer a safer environment for traders. These entities are subject to stringent regulations and oversight by financial authorities. This oversight ensures fair trading practices and the protection of traders funds. Regulated brokerages are obligated to maintain transparency and adhere to financial standards that safeguard investorsâ interests. In cases of bankruptcy or financial irregularities, these brokerages have mechanisms in place to protect and, if necessary, reimburse their clientsâ investments.
Adjusting to New Trading Realities
For traders, particularly in the US, transitioning to regulated brokerages is becoming increasingly crucial. Although trading with regulated brokers might mean accepting certain limitations, such as reduced leverage and a narrower range of trading instruments, the security and reliability they offer are invaluable. These limitations are a small price to pay for the assurance of fund safety and ethical trading practices.
Exploring Alternative Trading Platforms
As unregulated brokers lose access to MT4, traders are exploring other platforms. TradingView, for instance, is emerging as a strong contender, offering robust features and connectivity to regulated brokerages. This platform is gaining popularity for its comprehensive tools and integration capabilities, allowing traders to access a variety of markets and instruments through a single interface.
https://www.wikifx.com/en/newsdetail/202312129494396581.html
EDIT: Correct me if Iâm wrong
U.S. regulators are the only ones who crack down on offshore brokers that accept their citizens, all other regulators donât do it
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-A significant risk of making profits, I guess. The article seems very biased.
Honestly, I have no problems with regulation. Itâs the overreaching, burdensome regulation that pretends to be a protective force for the greater good, when in actuality, only serves to profit and enforce very questionable interests and agendas etc., that I have a problem with.
US regulators have no interest in educating and/or helping businesses transition into a fair and reasonable state of compliance. Instead, they behave like the mafia, giving no second chances and enforcing made-up rules that do not really serve the people, pushing jobs and innovation overseas, while suffocating US traders and bullying any entity that would attempt to serve a marketplace where there is much demand, oftentimes, by shooting first and asking questions later.
If my government really wants to âprotect me from my own free willâ, then at least allow for a playing field that is competitive. The current options in this country are limited, restrictive and poor. Fix this, and I will gladly keep my hard-earned money State-side.
As we continue to see fewer and fewer options, the idea of renunciation keeps circling back into my mind. It should be noted that the costs associated with renunciation have conveniently gone up 5x over the last decade, and that some may even be required to pay an exit tax, depending on net worth and tax situation etc⌠Current fee is somewhere around 2.4k, I think, along with 3 to 6 months of waiting. Can you imagine the paperwork that would constitute that kind of price and wait times? Sure, that sounds legit.
Furthermore, more and more countries are cracking down on citizenship-by-investment programs, disguising their reasoning with matters involving national security, but in reality are very nasty efforts to keep income taxable and control who can go where etcâŚ
Some are even going so far as to make demands to countries offering such programs, insisting that they drop their program and/or raise their fees to $1M or more, rendering such programs unattainable for most. Threats to revoke visa access and other measures are being used as an attempt to bully these countries into compliance.
It seems to be a common theme among developed countries, that they continuously seek to control and/or have access to every aspect of your life. This understanding that there are other, smaller nations that will gladly welcome foreigners and their foreign dollars, without all of the red tape, hassles and invasive tactics etc., is something that they are concerned about. As they very well should be.
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article is old 12/12/23⌠we have not had any confirmation yet that non white label offshore brokers have lost their metaquote licenses.
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MetaQuotes have definitely changed the game
After the âMy Forex Fundsâ Fiasco: âTrue Forex Fundsâ Stalls Operations
Tuesday, 06/02/2024
The company mentioned MetaQuoteâs decision to terminate TFFâs licenses as the reason behind the distruption.
Prop trading firm True Forex Funds experienced disruption after claiming that MetaQuotes, the operator of MT4 and MT5, terminated the licenses for its trading platform. This resulted in a temporary cessation of its services.
This development marked the second instance in recent months where a notable name in the proprietary trading sector for foreign exchange (FX) and contract for difference (CFD) traders has faced operational disruption following the shutdown of Canadaâs My Forex Funds by US and Canadian regulators last September.
True Forex Fundsâ CEO Pledges Resolution
In response to the disruption, True Forex Fundsâ CEO, Richard Nagy, expressed the teamâs commitment to finding a solution and continuing to serve its traders. Currently, the firm is persuading MetaQuotes to reconsider its decision while plans are being explored, including the potential migration of trading accounts to alternative brokers.
MetaQuotes did not give any prior warning, nor did they provide any chance to replace the unwanted provider, despite it being evident that in no industry is it possible to investigate your partner, provider, or any supplierâs source code to prove their legitimacy.
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A few of us here are caught up in the True Foex Funds ness. Iâll lose a 200K account (20K drawdown) with them if they canât resolve the situation. It seems like another metaquote cancelled white label license situation.
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Brokers and prop firms were warned back in 2022.
MT4 & MT5 White Labels Discontinued â Important Changes to MetaQuotes White Label Policy
Over the past decade, the barriers to entry have gone up significantly in the online forex & CFD trading industry. It wasnât so long ago that one could register a new forex broker in an offshore jurisdiction, easily obtain a bank account along with payment services and then grow the brokerage.
The ease in starting a forex broker with low capital and limited banking hurdles is now in the past. Forex broker licensing has now become a must for any startup looking to seriously compete in the online forex & CFD trading industry.
As weâve pointed out, banking for new forex brokers is almost impossible to secure without having some type of financial license. This week the bar has been set even higher due to a recent policy change for those wishing to use MT4 and MT5 (MetaQuotes) technology.
MetaQuotes No Longer Offers MT4 or MT5 White Labels As of this writing, MetaQuotes has effectively discontinued white labels.
It is no longer possible to obtain an MT4 white label, this service has been permanently discontinued. The only option for new forex broker is obtain a full MetaTrader 5 license. The ability to launch a brokerage via an MT5 white label provider is no longer a possibility.
What does the Suspension of MT4/MT5 Labels Mean for New Forex Brokers? The implication of this policy change is that MetaQuotes now only offers their services to licensed brokers. There is no longer the ability to operate as a sub-label or âunderneathâ an existing broker / white label vendor.
This change in policy implies that a forex broker license will now be a pre-requisite for using MT5. Effectively, it will not be possible to use MT5 unless the new broker can prove it has a corporate bank account in the name of the registered / licensed entity. E-wallet type of bank accounts or PSPs are not sufficient enough based on our knowledge. Those looking to use MT5 will need to obtain a full service license.
Prop Trading Now Requires a Financial License
The change in white label policy also applies to prop / proprietary trading firms. Based on our research, MetaQuotes will not make an exemption for prop trading firms, which implies a financial license will also be needed to launch a new forex prop firm.
Existing prop trading firms using MT4 or MT5 have been grandfathered in but policy can change at any time. In fact, we recommend any prop firm currently using MT5 to strongly consider alternative technology in order to avoid any disruption in business.
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Are current un-regulated brokers with a MT License safe?
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Strange move for a Russian company. Apparently they are now based in Cyprus. It would be interesting to understand everything that went into this decision. Perhaps it is simply that regulated brokers provide the lionâs share of revenue. I can only speculate. Anyone have the inside scoop?
EDIT: I think it a strange move for a Russian company to take great measures to adhere to US regulatory pressure during the current geopolitical situation. Adding clarification, since this may not always seem so obvious.
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If you look at regulated MT4/5 brokers compare to unregulated MT4/5 brokers you can see the majority of traders are with regulated brokers.
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-I just realized that you said broker. For some reason, I thought that you were asking about prop firms. In the case of unregulated brokers that are still using meta, I cannot say. I only know of a few. I spoke to one and was told that they are fully licensed and will not have any issues going forward. Another broker, I suspect is piggybacking, somehow.
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so they are grandfathered in like True Forex Fund was
If a broker uses same server adress for both demo and live accounts could we assume itâs a B-book broker just bsed on that?
Like most businesses Metaquotes likes making money. Apple has power over Russian & Chinese companies that desire access to the app store, G7 regulators could also potentially pressure/force regulated brokers (the bulk of their revenue) to drop the platform. Does meta have banking relationships in the EU/UK/US/Can to collect their fees? How does getting blacklisted from Swift payments sound to you Meta? There are several ways they can be forced to obey.
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-I agree. I suspect that it has more to do with profits than it does bending the knee. By playing the game, it will help to ensure access to various platforms going forward.
Probably, when Meta was banned from the app store, the sting of losing access to a large portion of their market was bad enough to persuade the company to behave as a good little boy and start playing by the rules. Sanctions on Russian banks and businesses probably helped in their decision, but I cannot say for sure.
It is my understanding that Meta has been in Cyprus for several years, predating any sanctions related to the Ukraine invasion.
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