TradeInformer understands that risk management and bridging technology provider PrimeXM has stopped working with prop trading firms.
The company did have several props as clients but will cease working with them and is not onboarding new prop firms.
TradeInformer could not confirm why or what the reason behind the change was.
PrimeXM has not been the only technology vendor to have some qualms about working with the prop industry.
MetaQuotes has repeatedly made it more difficult for companies in the nascent sector to access their technology.
Although there has been no official confirmation on their policy, they appear to only accept props as clients if they also have a brokerage license. This is why we have seen companies like FundingPips, FTMO, and FundedNext move to get regulated.
