GFT Explores cTrader Possibilities and New Features
The prop firm Goat Funded Trader, which announced the addition of TradeLocker to its product line last month, is now considering a shift to the cTrader platform as another option to meet traders' needs.
So far this year, Goat Funded Trader (GFT) has twice discontinued the use of MetaQuotes' trading platforms, prompting it to seek suitable alternatives. To this end, the company first introduced access to TradeLocker and is now considering adding cTrader. GFT's CEO, Edoardo Dalla Torre, recently sought community feedback on this potential new platform addition.
This week, Dalla Torre posted on GFT's official Discord channel, hinting at the possibility of adding another platform to their product line. "We've heard you also want cTrader, we recently introduced TradeLocker, should we add cTrader?" the CEO inquired.
The consideration of adding cTrader follows closely on the heels of last month's integration of TradeLocker. The introduction of these new platforms is aimed at filling the void left by GFT's two abandonments of MetaTrader this year. GFT was among the first companies to exit MetaQuotes platforms in February 2024 due to licensing issues, and although the company briefly reintroduced these popular trading tools, the comeback didn't last long.
A month ago, Dalla Torre announced the need to discontinue "Platform4" again, which is the prop trading industry's euphemism for MetaTrader 4 used by companies without a direct license for the platform, but who utilize their liquidity providers' or brokers' licenses to offer white-label versions to users.
Dalla Torre stated in July, "Due to multiple breakdowns of Platform4 and our ongoing commitment to ensuring traders have a good trading experience, all Platform4 accounts will now be migrated to MatchTrader."
cTrader, along with TradeLocker and MatchTrader, has become a popular choice for prop firms moving away from MetaTrader. Adding it to GFT's product line might be welcomed by the company's clients.
In addition to gauging interest in cTrader, Dalla Torre also asked the Discord community about their expectations for new platform features, with options including a three-step challenge with low challenge fees, instant funding for direct funded accounts, or an entirely new type of challenge.
MetaTrader's Predicament
The prop trading sector experienced significant upheaval when a major white-label MetaTrader license provider terminated agreements with prop trading entities, a decision driven by MetaQuotes' intensified scrutiny of the prop industry, primarily due to regulatory changes in the US market.
As a result, many prop firms were forced to seek alternative platforms, and while some companies successfully reintegrated MetaTrader into their offerings, the situation remains unstable. As illustrated by Goat Funded Trader (GFT)'s case, MT4 and MT5 issues remain unresolved for many companies in the industry.
To compound matters, prop firms now face fierce competition from regulated forex/CFD brokers. These established entities have begun offering prop trading challenges to their clients, leveraging their long-standing direct agreements with MetaQuotes, an advantage that allows them to offer the popular MetaTrader platforms without encountering the disruptions or controversies plaguing many prop firms.
Reference：Prop Firm Goat Funded Trader Considers Adding cTrader After MetaTrader Departure
