Close Menu
  • News
    • Broker News
    • Tech News
    • Institutional trading
    • Interviews
  • Analysis
    • Newsletters
    • Prop Weekly
    • Marketing Newsletter
    • Guest Posts
  • Learn
    • Start a broker
    • FX CFD Licensing
    • Liquidity
    • Regulations
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
  • Subscribe
LinkedIn WhatsApp YouTube
TradeInformer
Subscribe
  • News
    • Broker News
      • ATFX trading volume stats for Q2 2025
        ATFX hits $862bn in Q2 trading volume, with equities trading up 106%
      • Exness branded youtube thumbnail for india
        Exness stops onboarding clients in India
      • crypto.com arena
        Exclusive: Crypto.com hires Leven Li to head MENA compliance
    • Tech News
      • Fortress Core Connect and Shufti Pro branding
        Fortress Core Connect partners with Shufti Pro for AML/KYC technology
      • Team Force Technologies logo
        TeamForce Technologies integrates tech stack with cTrader platform
      • Trade Tech Solutions branding on black background
        Reward systems: The Game-Changer in prop trading technology
    • Institutional trading
      • 26 Degrees James Alexander
        26 Degrees: Handling sharp flow, so brokers don’t have to
      • Rostro Group
        Rostro Group adds crypto CFDs to institutional offering
      • Hilbert Group
        TradeLocker owner Deus X Capital invests $31m in Hilbert Group’s crypto treasury programme
    • Interviews
      • Yiota Hadjilouka from cTrader speaking at a panel at iFX Expo 2025
        Spotware COO: Almost 50% of new traders download cTrader Store products
      • Sam Eder, founder of broker MarketMates
        MarketMates Founder on prop, getting an ASIC license, and helping clients succeed
      • Gareth Hazelden
        Atlantic Capital Markets: Cornwall, Dubai, and a 77k client database
  • Analysis
    • Newsletters
      • Exness whale advert
        Exness halts registrations, Indian whales, and an offshore binaries broker in the US
      • Taxi in New Delhi
        Plus500 options, India, event contracts, and MAGA
      • best forex brokers UK search in Google AI Mode
        Will AI kill forex broker affiliates?
    • Prop Weekly
      • FundedNext video screenshot
        Are FundedNext payouts real?
      • Instant Funding $5,000 free challenge giveaway advertising
        Instant Funding $5,000 giveaway – 5,000 accounts, $500,000 in marketing spend
      • Trader Thomas Hartmann, owner of prop firm Funded Unicorn
        Did Funded Unicorn just cut and run with traders’ money?
    • Marketing Newsletter
      • Axi branding at Bahia football match
        Brokers are sponsoring EM sports teams
      • Pump those numbers
      • swissqote logo
        Does branding matter?
    • Guest Posts
      • Stanislav Galandzovskyi paid marketing specialist
        Where prop firms should (and shouldn’t) be looking next for growth
      • XM prizes
        XM Is Giving $500,000 in Prizes to Worldwide Partners
      • PropShield Centroid Solutions
        Centroid Solutions Announces PropShield: A Centralized Intelligence Platform to Protect the Integrity of Prop Trading Challenges
  • Learn
    • Start a broker
      • FTMO office
        How to start a prop firm for funded traders
      • Start a forex business (that isn’t a broker)
      • St Vincent and the Grenadines
        Cheapest country to start a forex broker
    • FX CFD Licensing
      • Mauritius airport
        FX/CFD license in Mauritius
      • Seychelles island
        Start a FX/CFD broker in the Seychelles
      • Labuan FSA
        Start a forex broker in Labuan
    • Liquidity
      • trading chart on a screen
        How do prop firms make money?
      • FXIFY Homepage
        What do prop trading firms do?
      • metatrader application on phone
        STP vs A-book for FX/CFD brokers
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
YouTube LinkedIn WhatsApp
TradeInformer
YouTube LinkedIn WhatsApp
Subscribe
Home » Did MetaQuotes change its prop policy?

Did MetaQuotes change its prop policy?

May 2, 20254 Mins Read Prop Weekly
GOAT Funded Trader branding
Share
Twitter LinkedIn Copy Link Telegram WhatsApp
Start a prop with ctrader

Start a cTrader prop in 5 days

This week Goat Funded Trader (I know) announced that it had added MetaTrader back to its set of platforms.

The company said that it had become a ‘broker’ to facilitate that process.

However, if you actually look at what they did, they just went to St Lucia and set up a company there.

As most readers will be aware, St Lucia doesn’t have a regulatory regime governing CFDs so there is essentially no ‘license’ that you get if you operate a broker from the country. You just set up a company and you are good to go. 

This is interesting for a few reasons.

It means that if you are a prop and now also have a brokerage arm, you have to effectively structure the broker arm as something like a partner business. The reason for this is, I am assuming, two-fold.

Firstly, if you just have the broker arm, then you are…a broker? And the result of that is you end up being subject to all of the same regulatory requirements that a broker has to deal with if you are onboarding from offshore.

The other part of this is that you will immediately get blocked by Google and Meta Ads because they’ll say you’re an unregulated financial services business. Like any other industry, a huge amount of prop marketing spend goes on these channels, so losing access to them would kill a lot of their traffic, leads, and end clients.

The result is that Goat Funded Trader (or ‘GFT’) has a bunch of disclaimers about how its St Lucia entity provides ‘simulated trading services’ which are actually sold and advertised by a separate entity.

Another weird part of this is the fact that MetaQuotes was, at some point, making it extremely difficult for companies with St Lucia entities to get a license. Over the last few years, firms in unregulated jurisdictions were often barred from using the platform.

Now it seems like, if you are a prop, you can just go to St Lucia, get an entity, and then get access to their platform.

That points to a wider change we’ve seen at MetaQuotes, which seems to have become more friendly to prop firms over the last few months. 

For example, several firms now no longer have to put their prop URL and brokerage URL together – something that MetaQuotes had mandated they do previously.

Legend has it that the company has actually set up a new policy and fee structure for prop accounts, with a fixed monthly fee and a per account fee on top of that. I could not confirm if that is true or not.

As to why they have made these changes, the answer is obvious – prop has exploded and doesn’t appear to be going anywhere. Trying to kill the business won’t work and not working with props means missing out on a lot of potential sesterti, dinero, wonga, or whatever slang term you prefer to use.

For props there are still a couple of pitfalls to the product, although they will still likely push to get it.

One is that you cannot access the US market with MetaTrader, something many prop firms still want to do. For example, GFT now has a large disclaimer that MetaTrader 5 is not available to US clients. 

The other problem is the brokerage arm point. The entire reason that props are able to do mass  marketing and sell their product in the manner in which they currently do is because they are not regulated.

If you are pushed into being a broker then there is a lot more potential for problems, as noted above, with how you are treated by Google and Meta. Plus you have to think about whether or not what you are doing is compliant. Saying that you are separate businesses may work now but there is something about it that makes me feel a bit uneasy.

Those two factors point to a wider problem, which is the feeling of being coerced or pushed into doing something by a partner. As Nassim Taleb likes to quip – people will forget what you did, but people will never forget how you made them feel.

Goat Funded Trader MetaQuotes
Previous ArticleThe cTrader Padel League returns this June! Game, set…let’s go again!
Next Article Building a new UK broker, with Onyx Markets Dealing Head Tom Fawcett

Related Posts

Are FundedNext payouts real?

July 25, 2025

Instant Funding $5,000 giveaway – 5,000 accounts, $500,000 in marketing spend

July 18, 2025

Did Funded Unicorn just cut and run with traders’ money?

July 11, 2025
Add A Comment

Comments are closed.

Latest News

Are FundedNext payouts real?

Prop Weekly July 25, 2025

The FundedNext payout numbers are hard to understand, based on the other numbers that FundedNext has posted on their own homepage.

26 Degrees: Handling sharp flow, so brokers don’t have to

July 23, 2025

ATFX hits $862bn in Q2 trading volume, with equities trading up 106%

July 22, 2025
YouTube LinkedIn WhatsApp
  • News
    • Newsletters
    • Interviews
    • Broker News
    • Tech News
    • Guest Posts
  • Learn
    • Start a broker
    • FX CFD Licensing
    • Liquidity
  • About
    • What is TradeInformer
    • Who runs TradeInformer?
    • Contact
    • Terms and Conditions
    • Privacy Policy
  • Follow
    • LinkedIn
    • YouTube
    • WhatsApp
© 2025 TradeInformer

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.