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Does EightCap still offer prop trading services?

Melbourne-based Eightcap will change its offerings to prop trading firms by ceasing brokerage services, effective from February 29th, based on the claims of several prop trading firms. This move, which the company termed "not uncommon," followed similar steps between several proprietary trading firms and their brokerage providers.

Why did MetaQuotes terminate prop trading services?

The decision to terminate services to prop trading companies stems from MetaQuotes' concerns over active US accounts. Proprietary trading firms, although operating beyond the traditional regulatory scope, are increasingly targeted due to their technical exemption from US regulations.

Do prop firms need to be licensed?

Many of the prop firms have been taking on clients from the US, where brokers (or those providing introducing-to-broker services) need to be duly licensed by US regulator bodies.

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