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True Forex Funds, a proprietary trading firm, recently announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies. This new platform is available in select countries, including Germany, Austria, Sweden, and Hungary, offering traders an additional avenue for trading various financial assets.

Match-Trade Technologies has earned a reputation for its flat competitive fee structure, which allows forex brokers to manage and predict their technology costs effectively. The platform supports a wide range of services tailored to brokers, such as hosting, MT white-label solutions, data feed, bridge and aggregation technology, and risk management systems for A Book and B Book brokers. Notably, Match-Trade’s portfolio also includes a cryptocurrency solution for FX brokers and crypto exchanges, providing flexible reporting tools with real-time updates and ad-hoc reports accessible via an interactive web interface.

True Forex Funds’ CEO, Richard Nagy, shared his excitement about the launch of Match-Trader and explained that the platform’s strategic rollout is a response to the growing demand for advanced trading solutions in different regions.

This announcement follows a challenging period for True Forex Funds, during which the firm had to halt its services due to MetaQuotes, the developer of the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), terminating True Forex Funds’ licenses. The termination was triggered by the firm’s use of a third-party provider for equity synchronization, which was found to have connected to MetaTrader’s client terminal in a manner deemed unacceptable by MetaQuotes.

Nagy expressed his frustration with MetaQuotes’ abrupt decision, highlighting the lack of prior warnings or opportunities to address the issue. He emphasized the difficulties in investigating third-party providers’ source code for legitimacy, which contributed to the dispute with MetaQuotes.

Despite efforts to convince MetaQuotes to reinstate its licenses, True Forex Funds ultimately decided to migrate its trading accounts to different technology providers, with cTrader becoming the primary platform. The firm’s swift transition to cTrader helped True Forex Funds regain its footing and continue serving its clients.

Overall, the launch of Match-Trader and the successful migration to cTrader signal True Forex Funds’ resilience and adaptability in navigating regulatory challenges and maintaining its commitment to offering innovative trading platforms to its users.