True Forex Funds Unveils Plan to Relaunch Prop Trading Operation Next Week

Following the suspension​ of prop trading business as a result of MetaQuotes terminating its trading platform licenses, True Forex Funds unveiled its plans on the website to restart operations next week.

True Forex Funds CEO Richard Nagy noted in a post on Discord, the company has already applied for a new MetaTrader license with its FX license. The firm also built its synchronization solutions, which are 100% based on the official dynamic link libraries (DLLs) of MetaQuotes.

"Previously, you were told that we made an agreement with a broker for a new MetaTrader server. Unfortunately, all brokers supporting proprietary firms are at risk of MetaTrader license suspension," Richard said in the post.

In addition, the CEO stated that, True Forex Funds is currently working on a feature that, upon clients’ choice, will automatically migrate their account to cTrader, and they can continue trading with the same balance where they stopped.

Based on the information on the website, True Forex Funds plans relaunch in the week of February 19. The company, however, didn't provide any more details regarding the upcoming relaunch.