Prop Trading: Three Months After Suspending US Services Alpha Capital Promises Comeback

Prop Trading: Three Months After Suspending US Services Alpha Capital Promises Comeback

Time Stamp: May 31, 2024 4:53 PM
Prop Trading: Three Months After Suspending US Services Alpha Capital Promises Comeback PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The proprietary trading firm Alpha Capital Group plans to
return to the US after suspending purchases for clients in the
region back in February. In a post on X, the company mentioned that it was planning
to launch futures and a regulated brokerage platform for deposits in Seychelles in
June.

“June will be a major month for us as a group welcoming
the US back as well as launching Alpha Futures and our Seychelles regulated
broker for deposits along with an exciting new affiliation with a well-known
trading podcast, and on top of that, we also have the biggest event we’ve ever
done for 200 people at the Park Plaza in London hosted by some leading industry
figures,” the company mentioned.

Alpha Capital is among the proprietary trading firms that
suspended purchases for US clients following a regulatory crackdown in
the industry at the beginning of the year. In a statement, the company termed
this step as a response to market development in the US. Services for new and
existing clients were halted by the firm, while operations in other
jurisdictions were not impacted.

Amid the suspension, Alpha mentioned that it was actively
seeking legal clarification to ensure compliance and plans to resume services
for US clients once it secures the necessary assurances. The firm emphasized
its commitment to its clients and ongoing efforts to gather evidence to support
the reopening of services in the US in the future.

Early this year, MetaQuotes reportedly tightened its regulatory standards for proprietary trading platforms. This shift became
evident when the platform compelled Blackbull Markets to abruptly cease
services to Funding Pips. This action pointed to efforts toward compliance ,
particularly concerning clients in the US.

Navigating Regulatory Pressure

The US regulatory environment still presents unique
challenges for leveraged trading services and Contract for Difference
offerings. Proprietary trading firms, which operate outside traditional
regulatory frameworks, face increasing scrutiny.

Notably, as MetaQuotes enforced stricter compliance
measures, competitors in the trading technology space seized the opportunity to
fill the gap. Companies like Devexperts introduced dedicated trading platforms
for proprietary trading services.

The proprietary trading firm Alpha Capital Group plans to
return to the US after suspending purchases for clients in the
region back in February. In a post on X, the company mentioned that it was planning
to launch futures and a regulated brokerage platform for deposits in Seychelles in
June.

“June will be a major month for us as a group welcoming
the US back as well as launching Alpha Futures and our Seychelles regulated
broker for deposits along with an exciting new affiliation with a well-known
trading podcast, and on top of that, we also have the biggest event we’ve ever
done for 200 people at the Park Plaza in London hosted by some leading industry
figures,” the company mentioned.

Alpha Capital is among the proprietary trading firms that
suspended purchases for US clients following a regulatory crackdown in
the industry at the beginning of the year. In a statement, the company termed
this step as a response to market development in the US. Services for new and
existing clients were halted by the firm, while operations in other
jurisdictions were not impacted.

Amid the suspension, Alpha mentioned that it was actively
seeking legal clarification to ensure compliance and plans to resume services
for US clients once it secures the necessary assurances. The firm emphasized
its commitment to its clients and ongoing efforts to gather evidence to support
the reopening of services in the US in the future.

Early this year, MetaQuotes reportedly tightened its regulatory standards for proprietary trading platforms. This shift became
evident when the platform compelled Blackbull Markets to abruptly cease
services to Funding Pips. This action pointed to efforts toward compliance ,
particularly concerning clients in the US.

Navigating Regulatory Pressure

The US regulatory environment still presents unique
challenges for leveraged trading services and Contract for Difference
offerings. Proprietary trading firms, which operate outside traditional
regulatory frameworks, face increasing scrutiny.

Notably, as MetaQuotes enforced stricter compliance
measures, competitors in the trading technology space seized the opportunity to
fill the gap. Companies like Devexperts introduced dedicated trading platforms
for proprietary trading services.

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