Eightcap has announced changes to its offerings effective February 29th, indicating a cessation of services to proprietary
trading firms. This announcement by the provider of grey label MT licenses to
prop firms today (Thursday) followed similar moves between proprietary
trading firms and their technology providers.
A user identified as Matt L on X mentioned: “ThinkMarkets has reassured us several times over the last few
weeks that operations on their end and their relationship with MetaQuotes is
solid. But, of course, we’re not going to rely on just
one broker. We’re already in discussions with other brokers to see who we can
work with and provide additional options to traders.”
Source: X
According to another account identified as Blake on X:
“As of this morning, Eightcap has notified all of their prop trading
partners that they will be shutting down their prop firm relationships in 2
weeks. The companies I am personally involved with
are ahead of the pack and already implementing new and more beneficial
alternatives for all traders across the entire industry. More news to
come!”
Source: X
Eightcap has announced changes to its offerings effective February 29th, indicating a cessation of services to proprietary
trading firms. This announcement by the provider of grey label MT licenses to
prop firms today (Thursday) followed similar moves between proprietary
trading firms and their technology providers.
A user identified as Matt L on X mentioned: “ThinkMarkets has reassured us several times over the last few
weeks that operations on their end and their relationship with MetaQuotes is
solid. But, of course, we’re not going to rely on just
one broker. We’re already in discussions with other brokers to see who we can
work with and provide additional options to traders.”
Source: X
According to another account identified as Blake on X:
“As of this morning, Eightcap has notified all of their prop trading
partners that they will be shutting down their prop firm relationships in 2
weeks. The companies I am personally involved with
are ahead of the pack and already implementing new and more beneficial
alternatives for all traders across the entire industry. More news to
come!”
Source: X