MyFlashFunding Taps Undisclosed Australian Broker Amid Prop Turmoil

MyFlashFunding has tapped an Australian brokerage to migrate existing non-US traders by next week, touting the fresh exclusive deal as a rare bright spot amid industry restrictions hitting prop shops.

Key Insights

  • MyFlashFunding partners with unnamed ASIC-regulated Australian broker amid prop trading turmoil
  • New exclusive deal aims to shield firm from risks other prop brokers face recently
  • Company shifting all non-US operations to fresh partner by next Wednesday

SYDNEY (MarketsXplora) – U.S. prop trading firm MyFlashFunding said on Monday it has partnered with an unnamed Australian Securities and Investments Commission (ASIC)-regulated brokerage, allowing it to keep serving non-U.S. clients after industry-wide disruption.

In a statement across its social media channels, MyFlashFunding touted securing an exclusive deal with the mystery ASIC license holder, claiming the tie-up shields it from risks encountered by other prop brokers amid ongoing upheaval.

The company expects to shift all operations to the fresh Australian partner by Wednesday next week. It said the migrated offering promises upgraded trading conditions for MyFlashFunding’s international customers.

Read also! Blue Guardian Prop Firm to Acquire Australian Broker Amid Sector Shakeup

The new arrangement follows weeks of turmoil as platform developer MetaQuotes pushed brokers to halt servicing prop firms that were grey labeling its MetaTrader licenses to offer trading in America.

Amid the crackdown, MyFlashFunding terminated U.S. market access like many rivals. But it outlined being in final stages of integrating alternative platform Match-Trade to resume domestic trading soon.

Multiple prop trading companies have scrambled to find new brokers and shift technology after being compelled to stop working with American traders, sparking chaos across the niche sub-sector.

The identity of MyFlashFunding’s Australian brokerage lifeline remains unknown for now, as it did not reveal the partner firm’s name. The company did not immediately respond to comment requests regarding details of the newly announced deal.

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