In a significant development, prop trading firm Goat Funded Trader (GFT) has successfully reinstated MetaTrader 4 (MT4) access for its clients. This follows a temporary disconnection by Purple Trading earlier this year.
GFT, along with other firms such as Funded Engineer and AquaFunded, had relied on MetaTrader services provided through Purple Trading’s grey-labeled licenses. However, in February 2024, MetaQuotes initiated a crackdown on the use of its platforms by proprietary trading firms, leading Purple Trading to cease its services to these entities.
During the disruption, many affected firms were forced to transition to alternative trading platforms. Yet, the absence of MetaTrader 4 and 5, which are highly favored by retail investors, was acutely felt.
Recently, GFT announced on social media that it had resolved its licensing issues and restored MT4 access for its clients. This milestone was achieved through the implementation of proprietary technological solutions developed by GFT’s in-house team.
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