Prop Trading Firm Crypto Fund Trader Ceases MT5 Services for US Clients

Shortly after the news that FTMO and The5ers ​has suspended prop trading services for clients in the US, another firm Crypto Fund Trader (CFT) has terminated its services on MetaTrader 5 (MT5) for US customers.

Crypto Fund Trader notes in an X post that it took this measure in a move to keep its full license of MetaQuotes and protect its users.

Purchases coming from the US on MetaTrader 5 have been blocked. The accounts of Crypto Fund Trader's current US users, however, remain active. These users are also able to purchase evaluations on CFT Platform.

As mentioned in an article by Fazzaco last month, the US SEC has stepped up regulations on prop trading,​ with almost all prop trading firms that engage in OTC securities transactions subject to the oversight by FINRA. This is why some prop brokers that have not yet met compliance requirements have chosen to suspend serving US clients.

"The industry is rapidly moving into a new era and only those who are able to adapt to the changes will remain standing," Crypto Fund Trader stated in another post. "We are prepared for what is to come and we want to let our users know that they can rest assured that we will continue to grow until we reach the Top 1."