As turmoil in the retail commodity trading sector continues following moves by some trading platform providers (notably MetaQuotes, developer of the MT4 and MT5 platforms) and some CFD brokers (under pressure from MetaQuotes) to stop trading with numerous companies promotion , the popular Funding Pips prop has announced that it is back up and running, following the addition of the Match-Trader platform.
In a Discord message sent to Funding Pips customers late yesterday, CEO Khaled Ayesh said:
We are fully back to my people. Next week we bring Ctrader and TradeLocker. By now you have all received your bills, all the instructions and even the tutorials. We apologize for the shutdown, but now nothing can bring us down again. Less than the promised schedule.
As for the reason for focusing on Match-Trader in the first place, Khaled noted that Match-Trader is the only platform that allows migration of trading account history. That is, it is the only platform that can display all trading history of MT5 accounts.
This morning, Khaled also tweeted that the cTrader and TradeLocker platforms will be up and running next week.
While Funding Pips clients can now trade on Match-Trader with accounts migrated, Khaled said that Match-Trader will have the ability to move the SL/TP (i.e. Stop Loss and Take Profit) on the chart up to next week.
Some other issues with the new platform are also lingering, with Funding Pips stating that there is a bug in account upgrades. Phase 1 to Phase 2 will be completed, assessments and onboarding resolved today or “tomorrow at the latest”. Khaled noted that they have pushed most features to “blackout time”, with balance based withdrawals coming soon once all platforms are complete (Funding Pips inter-account copy as well, 200k account also coming soon).
Regarding payments, Khaled said that payment eligibility and requests are being pressured by the blackout period, meaning that if you were due a payment on the 20th, it will be on the 27th. closes are nowhere to be found in the database, with Khaled saying that this is good news for traders who had fluctuating losses and bad news for traders who had fluctuating profits.