Dallas, Texas-based MyFundedFX has announced that it has launched its cTrader trading platform through CFDs broker Purple Trading Seychelles, the offshore arm of Cyprus-based broker Purple Trading.
MyFundedFX is one of the few support companies that was recently terminated by its previous broker, Australia-based Blueberry Markets. Blueberry Markets – along with a number of other brokers serving support companies – has been pressured by platform provider MetaQuotes to stop trading on MetaQuotes’ MT4 and MT5 trading platforms or risk losing its MT4/MT5 license. The majority of retail trading activity at Blueberry, like many other CFD brokers, flows through MT4 or MT5.
Besides the broker switch, support companies like MyFundedFX are trying to integrate new trading platforms to replace MT4 and MT5, mainly Spotware’s cTrader, Devexperts’ DXtrade or Match-Trade Technologies’ Match-Trader. In the case of MyFundedFX, they launched today with cTrader.
In response to our aforementioned report about Blueberry Markets ending all prop MT4 and MT5 operations, MyFundedFX tweeted today that all Blueberry accounts will be migrating to a new platform on Friday March 8th away from MT4 and MT5. The default platform for migration is Match-Trader, which the company said has performed well in testing and has a great user interface. MyFundedFX said it gives traders the option to choose between DXtrade and cTrader if a client would also like to migrate to one of those platforms.
MyFundedFX was founded in June 2022. Headquartered in Dallas, Texas, it is led by CEO Matthew Leech, who is also behind sister company MyFundedFutures (futures prop trading) and co-owner of another retail prop trading brand called Swift Funding .