Exclusive FNG… Following our exclusive report from last week that Hungary-based online trading company True Forex Funds went out of business after MT4 / MT5 company MetaQuotes terminated its trading platform licenses, FNG has learned that the company plans to relaunch its operation next week.
At the time of the initial shutdown, True Forex Funds CEO Richard Nagy posted a note on the company’s website (which was, and remains, otherwise down), that the True Forex Funds “team” was hard at work on a plan to continue providing services, with no specific timeline provided.
Now, True Forex Funds indicates on their (otherwise inactive) website that the service will resume the week of February 19th, which is next week. The company did not provide further details on a replacement trading platform and technology provider for MT4/MT5 or further details on its planned relaunch.
However, True Forex Funds CEO Richard Nagy reportedly stated on Discord (see right) that True Forex Funds has applied for a new MetaTrader license and that the company is currently working on a feature that will migrate customer accounts (if you want) in cTrader .
We will continue to follow this story as it develops.