SurgeTrader, a Florida-based prop trading firm, has shut down following the termination of its license by Match-Trade Technologies. This decision, announced on May 24, 2024, leaves SurgeTrader without a platform to serve retail traders, marking a significant event in the prop trading sector.
SurgeTrader, a Florida-based prop trading firm, has shut down following the termination of its license by Match-Trade Technologies. This decision, announced on May 24, 2024, leaves SurgeTrader without a platform to serve retail traders, marking a significant event in the prop trading sector.
The closure comes just seven days after losing access to the Match-Trader platform, which followed an earlier suspension by MetaQuotes. These disruptions reflect broader instability within the prop trading industry, impacting numerous firms.
The rapid developments underscore the need for prop trading firms to navigate licensing challenges and platform dependencies. As the industry evolves, firms must stay adaptable to survive and thrive.
Full profile of this company: https://propranking.com/prop-trading-firm/surge-trader-2/
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