Funding Pips, a proprietary trading firm, effectively moved to the Match-Trader platform after its agreement with MetaQuotes was terminated. The CEO has approved the migration, upholding the earlier terms and arranging for more platform improvements.

Following a turbulent week during which they were unable to access popular trading platforms offered by MetaQuotes, Funding Pips announced that customer accounts and transaction data had been successfully transferred to Match-Trade Technologies' rival platform. 

The CEO of Funding Pips confirmed a full migration from the current servers and a switch to Match-Trade Technologies, the company that develops the Match-Trader platform, just days after the company revealed that it had terminated its partnership with MetaQuotes for servicing US clients without the required regulatory approvals. 

On the official Discord channel, Khaled Ayesh declared that the platform is going through extra stress tests for trading conditions and connections with liquidity providers. He also stated that the migration to "Match-Trader is 100% complete." 

Along with other trading conditions, Ayesh also gave reassurance that the commissions and spreads that were previously provided through the Meta Trader 4 and 5 platforms have been maintained inside Match-Trader. Meanwhile, the Funding Pips technical team is integrating Dxtrade and Ctrader, among other alternative platforms, with the eventual goal of integrating them with TradeLocker. 

The president of Funding Pips stated, "Any completed work will be released immediately, followed by TradeLocker, while we await MetaQuotes' decision on whether we will receive our own licence." He emphasised that in order to avoid future problems with service offerings for US clients, the company is now obtaining licences for futures and cryptocurrencies. 

Funding Pips immediately stopped offering services to traders and terminated trading on February 14. "Unexpected urgent maintenance" was the reason given to clients for the outage. The single brokerage partner of Funding Pips, Blackbull Markets, terminated their partnership, resulting in a disruption of services. A Blackbull representative attested to the fact that MetaQuotes forced the broker to stop providing services to Funding Pips. 

"We were unfortunately forced to shut down Funding Pips as a client and their server on our demo environment immediately due to a violation of our grey label licence ability to offer this for prop firms," a Blackbull Markets spokesperson said. Keep in mind that they were exclusively MT5 users on our demo server." 

This incident highlights MetaQuotes' crackdown on prop trading companies that make use of their platforms. In order to establish MetaQuotes' licencing authority in the industry, Blackbull Markets, which was using its MT5 licence to prop trading enterprises, was forced to cut its connections with Funding Pips.