FTMO Veins US Traders

In a recent update, FTMO, the leading company in the sector of trading funding accounts, has announced the restriction of access to its services for traders in the United States as of January 2024. This decision has been taken due to the specific conditions of the market sector in this country, curious, as it is well known, that the USA is the country with the most investment culture and the most economically active (both at the population and institutional level).

Since its founding, FTMO has sought to provide the highest quality services to its customers worldwide, however, regulatory conditions in the United States have led to the temporary suspension of the purchase of the FTMO Challenge for new and existing customers in the United States. This restriction applies to both US citizens and residents (customers who are not US citizens but reside in the US).

The company assures that it is actively working to find solutions to allow FTMO’s reintegration into the US market and expects to resume offering its services to all those interested in operating in the US in the future.
Importantly, existing FTMO customers in the U.S. will be able to continue to use the services as normal. Nothing changes for customers, partners and stakeholders in other markets, as the restriction only affects specific aspects of operations in the U.S. market.

Due to evolving regulations and business decisions, they have also stopped accepting customers in countries such as Afghanistan, India, Russia, Belarus, Indonesia, Cuba, Venezuela, Sudan…

Opinion

Our opinion is that little by little FTMO will gradually get rid of the U.S. market in order to try not to make too much noise and thus avoid discrediting the great image of the company that has been recognized until today.

Funding companies must get their act together, so that the trader does not end up losing confidence in this method, which has been effective until now, as is the funding in trading, thus bringing this economic activity closer to all kinds of pockets and making the investor’s life easier. Cases like this FTMO and other recent ones, such as My Forex Funds, are currently plunging the sector of funding companies into a serious crisis, which we hope they will manage to resolve as soon as possible.

Recommendation to US traders

For our part, we recommend a great alternative, such as The Funded Trader; a booming funder that is attracting attention in the trading sector.

We leave this invitation link and this 5% discount code: TFTTrader9860828.