The5ers, a proprietary trading company, has made the decision to temporarily stop accepting new US traders due to the changing regulatory environment around US citizens' involvement in proprietary trading activities.

The firm underlined the need for regulatory compliance and noted the need for clarification on the legal ramifications for US people trading for proprietary funds. The5ers did, however, reassure its US clientele that updates to the criteria that are specific to US traders' interests are being worked on.

The company has decided to halt the onboarding of new US traders due to recent developments. This measure will stay in place until they have a better understanding of the legal ramifications for US citizens who trade for prop funds.

In an effort to provide its US clients with information and adjust to legislative changes, the company has asked for patience. The5ers' choice is in line with ongoing initiatives by private companies to resolve industry regulatory uncertainty.

The5ers clarified a user's issue in a communication that was shared earlier in order to address any potential misunderstandings among its users. It recognized the difficulties in making its choice because of the tumultuous times in the industry. The changing aspect of its legal guidance was emphasized by The5ers.

In the US, the regulatory investigation into CFDs and leveraged trading services has gotten more intense. The industry is reeling from MetaQuotes' recent move to impose limitations on prop trading companies that use MetaTrader licenses.