Prop Trading Firm AquaFunded Set to Launch Match-Trade

AquaFunded, a prop trading company based in the UAE, made an announcement on Wednesday (May 15) regarding the upcoming launch of Match-Trade. Currently, AquaFunded has integrated with three popular trading platforms: cTrader, DXtrade, and Tradelocker.

In February of this year​, AquaFunded, like many other prop trading firms, faced challenges due to regulatory tightening in the US prop trading industry and licensing restrictions imposed by MetaQuotes, the developer of MT4/5. As a result, AquaFunded suspended new registrations from the US and plans to transition customer accounts from MT4/5 to the DX Trade platform for more stable operations.

However, not all prop trading firms have been able to overcome these challenges. Just this week, Hungarian prop trading platform True Forex Funds​ announced the permanent closure of its operations.

Despite these closures, the prop trading industry continues to attract new players. IC Markets, for example, is currently piloting its own prop trading platform, icfund.com. Additionally, a former long-time executive at Spotware Systems, the developer of the popular cTrader trading platform, started a new brand in the prop trading sector in March.

Earlier this year, OANDA​ and Hantec Group also launched their own prop trading programs with the aim of expanding into this field.