Proprietary Trading Firm Axe Trader Announces MetaTrader Offerings

London-based proprietary trading firm Axe Trader has announced to offer the MetaTrader trading platforms.

Axe Trader announced via social media platform X: "We are excited to announce that our traders can now trade on both MetaTrader 4&5."

Now, Axe Trader traders have access to four trading platforms, including cTrader, Match-Trader, DXtrade, and MetaTrader4&5.

Although there are a variety of trading platforms on the market for financial companies and traders to choose from, MetaTrader developed by MetaQuotes is still the preferred choice of most people. In February, several proprietary trading firms stopped offering MT4&5 due to licensing issues and some of the firms even suffered blows since then.

The proprietary industry storm also brought this regulatory gray area to regulators’ eyes. The Cyprus Securities and Exchange Commission (CySEC) believes the industry will be under robust regulation in the future. The Italian (CONSOB) regarded proprietary trading as "video games".