MyFlashFunding traders are criticizing FinesseFX, an ASIC-regulated Melbourne-based company, for having unduly large spreads.

FinesseFX, an "ASIC-regulated broker," is the unidentified partner of MyFlashFunding. Situated in Melbourne and subject to Australian Securities and Exchange Commission regulation (ASIC). FinesseFX is a relatively unknown broker when it comes to services offered to prop trading companies. It's still unclear if FinesseFX holds any other offshore licenses. 

According to the FinesseFX website, the company is only permitted to offer financial services to wholesale clients; it makes no effort to draw in US citizens or residents. 

In the past, MyFlashFunding supplied MetaTrader via ThinkMarkets, an additional Australian-regulated broker that has terminated agreements with prop trading companies. But a lot of traders are now seeing on MyFlashFunding that FinesseFX's spreads are a lot larger than what ThinkMarkets used to offer. 

Just a few days ago, MyFlashFunding's registration was in Missouri, United States, but, as of right now, the company's website indicates that it is registered in Dubai. The prop firm did not disclose this change in corporate registration to the public. Blake Carter, who is also the CEO of the platform, founded it. 

The prop trading company did not reveal the identity of its brokerage partner when it announced its new collaboration earlier this week. Additionally, it was established that the new broker's MT5 capabilities will only be available to non-US customers. It is currently integrating the Match-Trade trading platform for its US consumers. 

In a prior announcement, the CEO of the prop trading platform gave US clients of MyFlashFunding peace of mind by saying, "We're in the final stages of integrating Match-Trade! You can relax knowing that we have plans specifically for you."