Prop Trading Firm Alpha Capital Blocks US Clients (2024)

The proprietary trading firm Alpha Capital Group hasjoined some of its peers in the industry in suspending purchases for clients in the US. Accordingto the company’s statement on X, this step is in response to recent marketdevelopments in the region.

Alpha Capital Group has decided to suspend purchasesfrom both new and existing clients in the US, effective immediately. The firm is reportedly seeking clarification through appropriate channelsto ensure certainty regarding this matter. While the suspension impacts clients in the US, operations in other jurisdictions are not affected.

Since our launch, our unwavering commitment to building a platform and environment to sustain not only our businesses longevity but also a place our clients can rely on.

Due to the recent market development in the United states (US) we have made the decision to suspend…

— Alpha Capital Group (@AlphaCapitalUK) February 19, 2024

Alpha Capital Group officially communicated that it remains committed to its clients and is actively pursuing legal clarification from relevant authorities in the US. The firm aims to gather evidence to reopen services for clients in the US when deemed feasible. Until then, the company reassured clients in other jurisdictions that business will proceed as usual.

MetaQuotes' recent decision to crack down onproprietary trading platforms, though not publicly confirmed, reflects asignificant shift in its approach toward proprietary trading firms utilizing itsplatforms. By compelling Blackbull Markets to abruptly haltservices to Funding Pips, MetaQuotes highlighted its commitment to compliance and regulatory standards, particularly concerning clients in the US.

Metaquotes restricts access in the US.

While certain eval. firms exclude residents of the UK, Germany, India, the Czech Republic, and Turkey.

In these uncertain times, waiting for the storm to settle is advised.

Best of luck to traders affected, hoping for fair…

— S. BACH | Risk Manager (@TraderBach) February 15, 2024

Regulatory Challenges for US Clients

The regulatory landscape in the United Statespresents unique challenges for leveraged trading services and Contract for Difference offerings,leading proprietary trading firms to operate beyond traditional regulatory frameworks.While proprietary trading platforms like Funding Pips don'tdirectly handle clients' funds, their business models face scrutiny.

As MetaQuotes enforces stricter regulations,competitors in the trading technology space are capitalizing on thisopportunity. Companies like Devexperts are launching dedicated tradingplatforms for proprietary trading services, highlighting the evolving dynamics within theindustry, Finance Magnates reported.

The proprietary trading firm Alpha Capital Group hasjoined some of its peers in the industry in suspending purchases for clients in the US. Accordingto the company’s statement on X, this step is in response to recent marketdevelopments in the region.

Alpha Capital Group has decided to suspend purchasesfrom both new and existing clients in the US, effective immediately. The firm is reportedly seeking clarification through appropriate channelsto ensure certainty regarding this matter. While the suspension impacts clients in the US, operations in other jurisdictions are not affected.

Since our launch, our unwavering commitment to building a platform and environment to sustain not only our businesses longevity but also a place our clients can rely on.

Due to the recent market development in the United states (US) we have made the decision to suspend…

— Alpha Capital Group (@AlphaCapitalUK) February 19, 2024

Alpha Capital Group officially communicated that it remains committed to its clients and is actively pursuing legal clarification from relevant authorities in the US. The firm aims to gather evidence to reopen services for clients in the US when deemed feasible. Until then, the company reassured clients in other jurisdictions that business will proceed as usual.

MetaQuotes' recent decision to crack down onproprietary trading platforms, though not publicly confirmed, reflects asignificant shift in its approach toward proprietary trading firms utilizing itsplatforms. By compelling Blackbull Markets to abruptly haltservices to Funding Pips, MetaQuotes highlighted its commitment to compliance and regulatory standards, particularly concerning clients in the US.

Metaquotes restricts access in the US.

While certain eval. firms exclude residents of the UK, Germany, India, the Czech Republic, and Turkey.

In these uncertain times, waiting for the storm to settle is advised.

Best of luck to traders affected, hoping for fair…

— S. BACH | Risk Manager (@TraderBach) February 15, 2024

Regulatory Challenges for US Clients

The regulatory landscape in the United Statespresents unique challenges for leveraged trading services and Contract for Difference offerings,leading proprietary trading firms to operate beyond traditional regulatory frameworks.While proprietary trading platforms like Funding Pips don'tdirectly handle clients' funds, their business models face scrutiny.

As MetaQuotes enforces stricter regulations,competitors in the trading technology space are capitalizing on thisopportunity. Companies like Devexperts are launching dedicated tradingplatforms for proprietary trading services, highlighting the evolving dynamics within theindustry, Finance Magnates reported.

Prop Trading Firm Alpha Capital Blocks US Clients (2024)

FAQs

Does Alpha capital accept US clients? ›

Alpha Capital Group has suspended services for US clients due to regulatory pressure.

Does Blue Guardian accept US clients? ›

The restriction, affecting both US residents and individuals with dual citizenship residing in the US, signifies a broader trend of upheaval within the industry. Despite the restriction, Blue Guardian reassured its existing US clients and those outside the US that services would continue uninterrupted.

Does FundedNext accept US clients? ›

Update: FundedNext do not longer accept new clients from the US.

Is Alpha capital legit? ›

Alpha Capital is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.

Does FTMO accept US clients? ›

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

Why did FTMO ban US clients? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What is the maximum loss on Blue Guardian? ›

Trading period – unlimited. Minimum trading days – 0 days, indefinite (trader phase) Profit target – 8% (1st phase), 4% (2nd phase), none (Guardian trader) Maximum loss – 8% at all stages and phases.

How long does it take to get paid from Blue Guardian? ›

To be eligible for a payout on funded accounts, your account balance must be above initial account balance and no violations recorded. All of the trader's positions must be flat (no open trades and no open orders) to receive a payout. The payouts are processed within 1-2 business days.

Does RoboForex accept US clients? ›

RoboForex Ltd and it affiliates don't work on the territory of the USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, and other restricted ...

Does Libertex accept US clients? ›

Availability. Libertex accepts clients from all over the world, excluding USA, Brazil, Russia, Japan and some other countries where restrictions apply.

Does CedarFX accept US clients? ›

CedarFX accepts clients from all over the world, excluding some countries where restrictions apply.

Does alpha Capital pay out? ›

Profit withdrawal payment methods? Performance fees are only available to qualified traders who are onboarded as external analysts. Performance fees can be received through 3 options. Using these methods you will receive a 80% split of the profits generated from account activities, designated as a performance fee.

Is alpha Capital Group a good prop firm? ›

Alpha Capital Group is reliable for traders, with a Trust Pilot rating of 4.6 stars from 1,181 reviews, FCA Regulation compliance, and offers up to $2,000,000 funding with 80% profit retention.

What broker does alpha Capital use? ›

We exclusively use ACG Markets, a 3rd party FSA Regulated Brokerage. ACGMARKETS gives us the opportunity to provide you with a Simulated Institutional environment for your assessment with Alpha Capital Group.

Are prop firms legal in the US? ›

US law generally allows prop firms to operate and for them to provide traders with capital to trade. However, there are specific regulations regarding how prop firms can manage these funds and the relationship between the firm and the trader.

Does Grand capital accept US clients? ›

Grand Capital group accepts clients from all over the world, excluding some jurisdictions where restrictions apply.

What broker does alpha capital use? ›

We exclusively use ACG Markets, a 3rd party FSA Regulated Brokerage. ACGMARKETS gives us the opportunity to provide you with a Simulated Institutional environment for your assessment with Alpha Capital Group.

What countries are supported by Capital Com? ›

Our people. Today, Capital.com is a global company with offices in the UK, Australia, Cyprus, Gibraltar, Poland, Bulgaria, Lithuania and the Bahamas.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Allyn Kozey

Last Updated:

Views: 6205

Rating: 4.2 / 5 (43 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Allyn Kozey

Birthday: 1993-12-21

Address: Suite 454 40343 Larson Union, Port Melia, TX 16164

Phone: +2456904400762

Job: Investor Administrator

Hobby: Sketching, Puzzles, Pet, Mountaineering, Skydiving, Dowsing, Sports

Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.