Prop Firms Still Using MetaTrader (MT4 & MT5) in 2026: The Complete Guide
MetaQuotes spent 2024 turning the prop firm industry into a parking lot. Two years later, only a handful of firms still offer MT4/MT5, just one is realistically available to US traders, and the corporate paper trail for several of the survivors leads somewhere offshore that you probably can't find on a map. Here's everything in one place.
What's Inside
Part 1: Which Prop Firms Still Use MetaTrader
If you've spent the last decade building Expert Advisors, custom indicators, or just muscle memory on MetaTrader, you've probably noticed your favorite prop firm quietly shoving you toward DXTrade, cTrader, Match-Trader, or TradeLocker. That migration didn't happen because traders demanded it. It happened because MetaQuotes — the Cyprus-based company that owns MT4 and MT5 — decided in early 2024 that prop firms were no longer welcome on its platform, at least not without significant changes.
The Short Answer
Four prop firms still openly support MetaTrader 4 in 2026: FXIFY, FTMO, Blueberry Funded, and Darwinex Zero. Roughly 15–20 firms still support MT5, including those four plus Goat Funded Trader, E8 Markets, The5ers, Noctorial, Instant Funding, BrightFunded, Alpha Capital Group, FundedNext, and a handful of others. US traders have it worse — FTMO is currently the only major prop firm offering MT5 access in the United States, through its December 2025 acquisition of OANDA.
Out of more than 40 prop firms reviewed by The Prop Firm Guide in early 2026, only four still support MT4. (Source: The Prop Firm Guide — Best Prop Firms for MT4 in 2026)
How We Got Here: The 2024 MetaQuotes Massacre
If you weren't paying attention in 2024, here's the abbreviated body count. Between February 2024 and late 2025, approximately 80–100 prop firms ceased operations — about 13–14% of all global operators. The trigger was MetaQuotes' sudden decision to start revoking MT4/MT5 licenses from brokers who white-labeled the platform to prop trading firms. (Source: VeritasChain — The Prop Trading Industry's 2024 Reckoning)
It started on February 2, 2024, when MetaQuotes terminated True Forex Funds' MT4/MT5 licenses without warning. True Forex Funds limped along for a few more months before filing for "financial insolvency" on May 14, 2024, freezing an estimated $2–3 million in trader funds and refunding exactly zero challenge fees. (Source: DealPropFirm — 80+ Prop Firms That Shut Down)
The mechanism was brutal in its simplicity. MetaQuotes told brokers like Eightcap and Blackbull Markets that they had to either drop their prop firm clients or lose their own MetaTrader licenses. An internal MetaQuotes email reportedly stated that any platform serving US clients needed FINRA or NFA regulation — a requirement essentially no prop firm could realistically meet. Eightcap announced it would cease all prop firm services by February 29, 2024. The dominoes fell quickly after that. (Source: VeritasChain)
The official reasoning involved the September 2023 collapse of My Forex Funds, which was sued by the US CFTC for alleged fraud and shut down overnight. MetaQuotes apparently decided that the regulatory exposure of letting unregulated prop firms run challenges on its infrastructure wasn't worth the licensing revenue — especially since most prop firms only used demo servers anyway, meaning MetaQuotes wasn't even getting paid for the live-server traffic these firms generated. (Source: Finance Magnates — Funding Pips Case)
The Four Prop Firms Still Using MT4 in 2026
If you've got legacy MQL4 code, custom MT4 indicators you spent money on, or an EA that refuses to be ported to MT5, these are your remaining options. All four also support MT5, so consider them gateway drugs to the new platform.
FTMO MT4 + MT5 US via OANDA
The biggest survivor and arguably the only reason most traders still hear about MT4 at all. FTMO supports MT4, MT5, cTrader, and DXTrade across all programs, with no time limits on evaluations. Founded in 2015 in Prague, the firm has paid out over $500M to traders, holds a 4.8 Trustpilot rating from 40,000+ reviews, and is generally considered the gold standard for not-getting-rugged. (Source: FXEmpire FTMO Review 2026)
FTMO restored US MT5 access in 2025 via a partnership with regulated broker OANDA — then acquired OANDA outright in December 2025. Five US states are still excluded. (Source: Finance Magnates)
FXIFY MT4 + MT5 + DXTrade + TradingView
UK-based, founded in 2023, and the most platform-flexible firm in the bunch. FXIFY offers MT4, MT5, DXTrade, and native TradingView integration through a partnership with FXPIG. Profit splits go up to 90% (or 100% with paid add-ons), challenge fees start at $39, and the firm runs about six different challenge types including Lightning, One Phase, Two Phase, and Instant funding. EAs are allowed on MT4 and MT5 accounts. (Source: The Prop Firm Guide)
The catch: FXIFY is heavy on the "add-on" pricing model, where the headline features (90% splits, bi-weekly payouts) often require paid upgrades at checkout. Read the fine print. (Source: Blueberry Funded FXIFY comparison)
Blueberry Funded MT4 + MT5 + DXTrade + TradeLocker
Backed by the ASIC-regulated broker Blueberry Markets (AFSL 535887). Blueberry Funded supports CFDs and futures, allows automated trading, and uses static 10% drawdowns on its Prime evaluations instead of the trailing variety. Bi-weekly payouts and 80–90% profit splits. The firm restricts traders in the US and Australia on its Step 1 challenges. (Source: CBS News — Best Prop Firms for US Traders 2026)
Darwinex Zero MT4 + MT5
The outlier. Darwinex Zero is a monthly subscription model with a 15% profit split and quarterly payouts — a structure aimed at algorithmic traders building a track record rather than challenge speedrunners. EAs are allowed, but the 15% split makes it impractical for most automated strategies that depend on volume scaling. Niche but legitimate. (Source: The Prop Firm Guide)
The Larger MT5 Pool
MT5 has held up significantly better than MT4 in the post-crackdown era, partly because MetaQuotes itself has been pushing brokers toward it for years. Most new prop firms launch with MT5 alongside cTrader or Match-Trader, since MetaQuotes is still issuing licenses — just more selectively, and almost never to firms targeting US clients. (Source: The Prop Firm Guide)
| Prop Firm | MT4 | MT5 | US Access | Notable Detail |
|---|---|---|---|---|
| FTMO | ✓ | ✓ | MT5 via OANDA | Most established; 4.8 Trustpilot |
| FXIFY | ✓ | ✓ | DXTrade only | Most platforms (4) |
| Blueberry Funded | ✓ | ✓ | Restricted on Step 1 | ASIC-backed broker |
| Darwinex Zero | ✓ | ✓ | Limited | Subscription model |
| Goat Funded Trader | — | ✓ | Limited | MT5-focused infrastructure |
| E8 Markets | ✓ | ✓ | Limited | US-founded, 80%+ splits |
| The5ers | — | ✓ | cTrader for US | Single-step, no time limit |
| Alpha Capital Group | — | ✓ | Limited | Also offers cTrader |
| BrightFunded | — | ✓ | Yes | Trade2Earn token system |
| FundedNext | — | ✓ | Limited | 15% profit during eval |
| Instant Funding | — | ✓ | Limited | No-evaluation funding |
| Noctorial | ✓ | ✓ | Limited | IC Markets-backed |
| For Traders | — | ✓ (non-US) | cTrader/TradeLocker only | 60K+ trader community |
Sources: Goat Funded Trader · AquaFunded · Myfxbook · Benzinga
Why MT4 Still Refuses to Die
Despite MetaTrader 5 launching way back in 2010 with promises of multi-asset support and faster execution, MT4 still commands roughly 85% of retail CFD trading volume across prop firms. That's not a typo. A platform that's now 20+ years old is still the dominant infrastructure in retail forex. (Source: MT4Copier)
Three reasons, mostly:
- Legacy code. Traders who spent years writing or buying MQL4 EAs don't want to rewrite them in MQL5. The languages look similar but aren't compatible, and porting complex strategies can introduce subtle bugs that only show up live.
- Indicator ecosystem. MT4 has roughly 25,000+ custom indicators, scripts, and EAs available through the MetaTrader marketplace and third-party developers. Most have never been ported to MT5. (Source: DailyForex)
- Familiarity. Traders who learned on MT4 in 2010 are now in their thirties or forties and have no interest in relearning a platform that mostly does the same thing.
That said, this is borrowed time. Every prop firm guide for 2026 ends with the same recommendation: if you can switch to MT5, do it now — you'll have access to 20+ prop firms instead of 4.
Part 2: Can US Traders Actually Trust Them?
Short version: one of them is probably the most trustworthy prop firm in the entire industry. Another is broker-backed but has racked up a meaningful pile of complaints. The third is fine, but US traders can't actually use MetaTrader there anyway. Here's the long version.
"Trust" in the prop firm world doesn't mean the same thing it does in regulated finance. Prop firms aren't brokers. They don't custody your money. They sell challenges, and the contract is essentially: pay us, follow our rules, and if you make money in our simulated environment, we'll pay you out of our operational capital. Trust here means three specific things: (1) will they honor the rules they wrote, (2) will they actually send the money, and (3) are they likely to still be in business in 12 months.
The big caveat: Prop trading firms operating in the US are not regulated by the SEC, CFTC, FINRA, or NFA in their capacity as prop firms. The CFTC sued My Forex Funds in September 2023 alleging fraud, which kicked off the entire MetaQuotes crackdown. Even firms with regulated broker partnerships (FTMO/OANDA, Blueberry/Blueberry Markets) are not themselves regulated entities for the prop trading service. If a firm refuses your payout, your legal recourse is extremely limited. (Source: Finance Magnates)
FTMO (via OANDA): Probably the Most Trustworthy Option
FTMO MT5 in US OANDA-owned 10+ years
The case for trusting them: FTMO has been operating since 2015, has paid out over $500 million to traders, holds a 4.8 Trustpilot score from 40,000+ reviews, and was named to Deloitte Technology Fast 50 every year from 2019 to 2023. They were a Forbes feature in 2024. By every measurable standard, they are the most established firm in the industry. (Source: FXEmpire — FTMO Review 2026)
Bigger deal: FTMO acquired OANDA outright in December 2025, after launching a partnership in August 2025. This is significant for US trust. OANDA is a US-regulated broker (CFTC and NFA registered), and the acquisition means FTMO now operates US-accessible MT5 services under a regulated entity. (Source: CoinCodeCap)
The catches:
- Five US states are still excluded entirely: South Carolina, Arkansas, Montana, Louisiana, and Delaware.
- US traders must provide a valid Tax Identification Number and complete IRS Form W-9 before receiving the first payout.
- FTMO is strict about rule enforcement. Daily loss calculations include floating PnL and reset based on midnight Prague time. (Source: Trading Funder)
- Risk rules tightened in 2025 to limit risk per trade to roughly 0.5%–1% on certain account types.
Blueberry Funded: Broker-Backed, But With Real Complaints
Blueberry Funded MT4 + MT5 + DXTrade + TradeLocker US restricted
The case for trusting them: Blueberry Funded launched in 2024 under Blueberry Markets, which is an ASIC-regulated Australian broker (AFSL 535887). The firm uses static drawdowns (no surprise trailing math), supports MT4, MT5, DXTrade, and TradeLocker, and processes payouts through RiseWorks in stable cryptocurrencies (USDC/USDT). Profit splits start at 80% and scale to 90%. (Source: BestPropFirms)
The case against trusting them — and there's a real one: Blueberry Funded has accumulated a meaningful pile of Trustpilot complaints alleging account terminations for vague rule violations, accounts being banned right after large profitable trades, and rule citations that turned out to be incorrect on first response. Examples from 2026 reviews:
- One trader documented generating $4,500+ in profits across two instant funded accounts in March 2026, then having both accounts banned without payout. Blueberry Funded initially cited a rule that, in their own follow-up admission, "did not apply to accounts purchased after March 12, 2026" — then changed the cited reason to "cross-account hedging" without sharing the evidence. (Source: Blueberry Funded Trustpilot)
- Another trader reports being funded on May 8, making approximately $6,000 profit in a single day to push the account to ~$104,000, then receiving an account-termination email an hour later citing "alleged third-party involvement during KYC." (Source: PropFirmMatch)
- A separate complaint describes a funded $5K account that was hard-breached on the third trade for "exceeding max risk by symbol" — a rule the trader claims was not clearly disclosed.
To Blueberry's credit, the company does respond publicly to these complaints, sometimes admits errors, and has been "reviewing past breach decisions." But the volume and pattern of these complaints is hard to ignore.
The US access issue: Blueberry Funded restricts US traders on its Step 1 challenges. US traders can use some challenges via DXTrade and TradeLocker, but not MetaTrader. So for the specific question "can US traders get MT4/MT5 access here?" — the answer is essentially no.
FXIFY: Decent, But Not a MetaTrader Option for US Traders
FXIFY DXTrade + TradingView in US No MT4/MT5 in US
FXIFY exists in this conversation only because it supports MT4 and MT5 globally. For US traders, FXIFY routes you to DXTrade (with TradingView integration) — not MetaTrader. So if you're a US trader looking for MetaTrader specifically, FXIFY does not solve your problem. (Source: CBS News)
FXIFY itself is reasonably trustworthy — UK-headquartered, founded 2023, 4.1 Trustpilot rating from 2,500+ reviews, scored 83/100 in the CBS News review of US prop firms. The main complaint pattern is around the "add-on" pricing model where headline features (90% splits, faster payouts, no consistency rules) require paid checkout upgrades. Not a scam, just an aggressive upsell culture.
How to Actually Protect Yourself
Regardless of which firm you pick, "trust" is partly a function of how you behave as a customer:
- Read the rule book front to back before paying for a challenge. Most account terminations stem from rules the trader didn't read — consistency rules, max risk per symbol, news trading restrictions, hedging policies, weekend hold rules.
- Don't deposit money you can't afford to lose on a challenge. Challenges are a sunk cost. If you fail, the fee is gone.
- Take your first profitable payout early. The first payout is the moment when you confirm the firm actually pays. Don't let unrealized profits balloon to $20,000+ before requesting your first withdrawal.
- Document everything. Screenshot your trades, save your account statements, and keep email correspondence.
- Don't run the same strategy across two accounts simultaneously. Many firms classify this as cross-account hedging or copy trading, and it's an instant breach.
- Check the firm's recent reviews — not the cherry-picked ones. Sort Trustpilot by "lowest first" and look for patterns.
Part 3: Where Are These Firms Actually Based?
There's the country on the marketing page, and there's the country on the registered-agent filing. They're not always the same place. The honest answer is that "prop firm headquartered in [country]" usually obscures a more complicated picture: there's typically a marketing entity in one country, an operating entity in another, and an offshore MetaTrader-license entity in a third.
The Jurisdictional Cheat Sheet
| Prop Firm | Primary HQ | Operating Entity | Offshore Arm? |
|---|---|---|---|
| FTMO | Prague, Czech Republic | FTMO s.r.o. | Mauritius (FTMO Global Markets) |
| FXIFY | London, UK | FXIFY Solutions Limited | Yes (via FXPIG broker partner) |
| Blueberry Funded | Saint Vincent & the Grenadines | Blueberry Markets (SVG) LLC | Primary entity is offshore |
| Darwinex Zero | London, UK | Tradeslide Trading Tech Ltd | Seychelles (Tradeslide Global) |
| The5ers | Ra'anana, Israel | Five Percent Online Ltd (Israel + UK) | Cyprus brokerage (TSG) |
| E8 Markets | Dallas, Texas, USA | E8 Funding LLC | Yes (Czech Republic + Seychelles broker) |
| FundedNext | Dubai, UAE | FN Capital / FNmarkets | Comoros (Mwali) + St. Lucia |
| Goat Funded Trader | UAE (operationally) | Various | Comoros (Mwali) MetaTrader license |
| Alpha Capital Group | London / UAE | Multiple entities | Yes |
| BrightFunded | Netherlands / global | Various | Yes |
FTMO: Prague, Czech Republic (Plus Mauritius)
FTMO operates from one of the more transparent jurisdictional setups in the industry. The main entity, FTMO s.r.o., is registered in Prague's Commercial Register (Section C, Insert No. 227963) with a Business ID of 03136752. Founded June 24, 2014, the company employs 100–199 people and reported a 43% revenue increase in 2024. (Source: EMIS Company Profile)
Purkyňova 2121/3, 110 00
Prague, Czech Republic
Business ID: 03136752 · VAT: CZ699005540
There are actually three Czech entities working in concert: FTMO s.r.o. (the parent), FTMO Evaluation Global s.r.o. (the challenge product), and FTMO Trading Global s.r.o. (the funded account product). All three operate out of the same Quadrio office building in central Prague. The fourth entity is FTMO Global Markets, registered in Mauritius (ID C187370, License GB21027119). (Source: FTMO Contact Page)
For US traders, FTMO's December 2025 acquisition of OANDA means US-facing services now route through OANDA's existing US-regulated brokerage entity — separate from the Czech and Mauritian arms.
FXIFY: London, UK
FXIFY operates under FXIFY Solutions Limited (Companies House #14451720), incorporated October 31, 2022. Co-founded by Peter Brown and David Bhidey, with FXPIG as broker partner. (Source: Prop Firms Hub)
Unit 1, 74 Back Church Lane
London, E1 1LX, United Kingdom
Company Number: 14451720 · LEI: 254900TO02ID7S6GY153
UK-registered prop firms benefit from the same corporate transparency you'd get from any UK Ltd — public filings, named directors, annual accounts. The UK is not the same as being FCA-regulated, though. Being registered with Companies House does not mean a prop firm is regulated by the Financial Conduct Authority.
Blueberry Funded: Saint Vincent and the Grenadines (Yes, Really)
This is the one most likely to surprise people. Despite Blueberry Markets being an ASIC-regulated Australian broker (AFSL 535887), Blueberry Funded — the prop firm — operates as Blueberry Markets (SVG) LLC, registered in Saint Vincent and the Grenadines. (Source: PropTradingVibes)
Saint Vincent and the Grenadines (SVG) is a Caribbean island nation that has become the default offshore jurisdiction for forex-adjacent businesses that don't want to deal with brokerage licensing. From the official SVG company formation guidance: "It is not required to obtain a financial licence on the island for these activities." SVG also offers no public records of shareholders or directors, no financial statement filing requirements with the registry, and a confidentiality act that explicitly protects offshore company information. (Source: SystemDay)
Translation: When Blueberry Funded denies a payout, the company you'd be suing is registered in a country where the directors aren't on public record, the financials aren't on file, and there's no regulator with oversight of prop firm activity. The ASIC-regulated parent broker provides reputation by association — but the actual contractual counterparty for your challenge is the SVG entity.
Darwinex Zero: London, UK (Most Regulated of the Bunch)
Darwinex Zero is the unicorn of this list — operated by Tradeslide Trading Tech Limited (UK company #08061368), which is regulated by the UK's Financial Conduct Authority (FCA FRN 586466). Additional regulated entities exist in Spain (Sapiens Markets EU, CNMV-regulated) and Seychelles. (Source: Darwinex Help Center)
20 Fitzroy Square
London, W1T 6EL, United Kingdom
FCA FRN: 586466
The Darwinex brokerage is the only one in this article where the parent is genuinely FCA-regulated, with client fund segregation, FSCS protection up to £85,000 (plus additional in-house insurance up to £5 million). Darwinex Zero itself — the prop firm product — isn't FCA-regulated (no prop firm is), but it operates within a regulated ecosystem. This is as close to "trustworthy prop firm" as you can structurally get. The catch is the 15% profit split, which makes Darwinex Zero unattractive for most active traders. Does not accept US residents.
The5ers: Israel + UK (Plus a New Cyprus Brokerage)
Founded in 2016 by Gil Ben Hur, The5ers operates under Five Percent Online Ltd, incorporated in both Israel (Company Number 515864007) and the UK (Company Number 12553363). (Source: The5ers Help Center)
2 Ha'tidhar Street, Ra'anana, Israel (HQ)
Enstar House, 168 Praed Street, London W2 1RH, UK (operations)
In December 2025, The5ers founders announced a new CySEC-regulated brokerage arm called TSG (Trade Set Go), headquartered in Nicosia, Cyprus. The two operate as separate brands by design — the prop firm in Israel, the brokerage in Cyprus. (Source: Finance Magnates)
E8 Markets: Dallas, Texas (With a Prague Office)
E8 Markets is one of the few prop firms with a genuine US headquarters. E8 Funding LLC is registered in Dallas, Texas, founded November 2021 by Dylan Elchami. The firm reports over $65 million in payouts to funded traders and 200,000+ registered traders as of early 2026. (Source: PropTradingVibes)
100 Crescent Court, Unit 700
Dallas, TX 75201, USA
Secondary office: Czech Republic
Broker partnership is with Purple Trading Seychelles, which provides the MT4/MT5 infrastructure. E8 Markets currently restricts US traders from MT4/MT5 access due to MetaQuotes restrictions, even though the firm itself is US-based. The irony writes itself.
FundedNext: Dubai, UAE (With Comoros License)
FundedNext is headquartered in Dubai, UAE — increasingly the second-most-popular hub for prop trading after the Czech Republic. But here's where it gets interesting. FundedNext's brokerage spinoff, FNmarkets, obtained its license in November 2024 from the Mwali International Services Authority in the Union of Comoros — a tiny island nation off the east coast of Africa. It's also registered in St. Lucia, "a jurisdiction that does not have any effective licensing regime for financial services firms" per Finance Magnates. (Source: Finance Magnates)
FundedNext isn't alone. City Traders Imperium, Hola Prime, FundingPips, and Goat Funded Trader are also registered in Comoros — but only for the purpose of obtaining a MetaTrader license that bypasses MetaQuotes' direct restrictions on US-targeting prop firms.
The Comoros workaround: After MetaQuotes began revoking MT4/MT5 licenses from prop firms in 2024, many surviving firms started registering brokerage entities in Comoros to obtain their own MetaTrader licenses through the Mwali regulator. This is functionally a regulatory arbitrage play — Comoros provides legal cover for the license, but the regulator's actual oversight capacity is extremely limited. If something goes wrong with your funded account, "I'll take this up with the Mwali International Services Authority" is not a sentence you want to find yourself saying.
The Murky Middle: Goat Funded Trader, Alpha Capital, BrightFunded
These firms are more opaque about their corporate structure than FTMO or FXIFY. What's publicly verifiable:
- Goat Funded Trader (GFT): Operationally based in the UAE, with a Comoros (Mwali) license for MetaTrader access. Founded 2022. Reports $20M+ in trader payouts as of late 2025.
- Alpha Capital Group: London-based marketing entity, with additional operating entities in the UAE. Multiple legal entities depending on the program/region.
- BrightFunded: Netherlands-based marketing, with global operating entities. Founded 2023.
For all three: the marketing-page country is not necessarily the entity-of-record country. Always check the terms of service or footer for the actual contracting entity.
The Three Tiers of Prop Firm Jurisdiction
Zoom out and a pattern emerges. The prop firm jurisdictional landscape sorts into three tiers:
| Tier | Jurisdictions | What You Get | Firms in This Tier |
|---|---|---|---|
| Tier 1: Transparent + Onshore | UK, Czech Republic, USA, Israel, Spain, Netherlands | Public corporate filings, named directors, contract enforceability, theoretical legal recourse | FTMO, FXIFY, Darwinex Zero, The5ers, E8 Markets, BrightFunded |
| Tier 2: Soft Offshore | UAE, Mauritius, Cyprus | Real regulatory infrastructure, friendly tax environment, some transparency | FundedNext (Dubai), FTMO's Mauritius arm, The5ers' Cyprus broker |
| Tier 3: Hard Offshore | Saint Vincent & Grenadines, Comoros (Mwali), Vanuatu, Seychelles, St. Lucia | Minimal corporate transparency, no meaningful regulatory oversight, primarily exists for MetaTrader licensing arbitrage | Blueberry Funded (SVG), FundedNext's FNmarkets (Comoros), GFT (Comoros), most "MetaTrader workaround" prop firm broker arms |
None of this is necessarily a scam indicator. Plenty of legitimate companies use offshore jurisdictions for tax, legal, or regulatory reasons. But it does affect what happens if things go wrong. A US trader trying to recover funds from an SVG-registered LLC has approximately zero realistic legal options. A US trader trying to recover funds from a Comoros-licensed brokerage has even fewer. A US trader trying to recover funds from a Texas LLC has the small claims court and a chance.
Three Practical Implications
- Tier 1 firms aren't automatically trustworthy, but Tier 3 firms have a higher floor of risk. A UK-registered scam is still a scam — see the original Wirecard scandal — but the paper trail makes accountability easier. SVG and Comoros are specifically designed to make accountability harder.
- "Broker-backed by ASIC/FCA/CySEC" is often marketing, not protection. Blueberry Markets is genuinely ASIC-regulated. Blueberry Funded (the prop firm) is registered in SVG. The regulatory protection applies to the broker, not the prop firm product.
- If a firm only discloses an offshore entity, that's the entity you're contracting with. No matter how the marketing page reads. Read the terms of service footer.
The Bottom Line
For US traders who specifically need MetaTrader, FTMO via OANDA is your only real option, and it happens to be the most trustworthy firm in the industry by most measures. That's a lucky coincidence — usually the only-option scenario means you get to choose between bad and worse.
Blueberry Funded is broker-backed and not a scam, but the 2026 complaint pattern around account terminations and payout denials is real enough that we'd recommend smaller account sizes if you trade there. And US traders can't even use MetaTrader on Blueberry Funded — only DXTrade or TradeLocker. FXIFY is fine, but again, no MetaTrader for US clients.
Globally, MT4 is dying. Four firms supporting it isn't a thriving ecosystem — it's a wake. MT5 has more runway, but every prop firm guide written in the last six months treats MetaTrader as a legacy option rather than the default. The platforms that replaced it at most prop firms — cTrader, Match-Trader, DXTrade, TradeLocker, TradingView via brokers like ThinkCapital — are objectively better in several ways, and they aren't subject to MetaQuotes' increasingly hostile licensing policies.
If you've got proprietary MQL4 or MQL5 EAs that would cost more to rewrite than the productivity gain is worth, stick with MetaTrader. Otherwise, get off it. The platform's hold on the industry is fading, MetaQuotes has shown it will torch the entire ecosystem when it feels regulatory pressure, and the brokers backing the surviving MT4/MT5 prop firms know it. Plan accordingly.
And remember: the entire prop firm industry is one MetaQuotes email away from another mass extinction event. If you're committing real capital, real time, or real strategy IP to one of these platforms, treat it like a high-risk vendor relationship — not a long-term career. (More prop firm coverage on Trailing Stop Loss.)
