Announcement

27th February 2024

Dear Traderseed Community,

As many of you are aware, the prop firm industry is facing unprecedented challenges. Our broker, Eightcap, has informed us of the cessation of their services. Despite our tireless efforts and countless discussions across the industry, we have been unable to secure a replacement. The requirement for a brokerage license to offer Metatrader, combined with Metaquotes’ restrictions on US traders, has placed insurmountable barriers in our path. Our platform, built entirely around Metatrader, cannot be rebuilt around another platform at such short notice, nor can we obtain a brokerage license given our project’s scale.

So it is with a heavy heart that I have to announce the cessation of our services, effective immediately. The challenges we face are not only persistent but growing, which only the biggest players will likely survive.

Anyone who is currently trading an active challenge can apply for a refund. Please apply within 7 days of this notice so that we can arrange the process with our payment processor.

The future of Traderseed remains uncertain. Despite exploring every possible avenue, we find ourselves without viable options to continue.

On a personal note, I am profoundly grateful for the support extended to Traderseed since its inception in 2019. From the early days of my YouTube channel, through our partnership with FTMO, to our independent operations, we aimed to bring innovation to an industry rife with imitation. Leaving my job in 2020 to commit full-time to this venture has been an unparalleled journey. The abrupt end to this chapter is shocking, and I am still processing the rapid unravelling of our efforts.

I am unsure of what the future holds for me, but I am certain of my return. The growth and feedback of my weekly newsletter, now reaching over 20,000 readers, have been a source of encouragement. While the newsletter will pause briefly as I take this time to reflect, it will return. I look forward to rebuilding and contributing anew to this industry.

Thank you, from the bottom of my heart, to everyone who has stood by Traderseed and me. The storm may be fierce now, but once it clears, I am excited to embark on the next chapter of building something even greater.

Until we speak again, I wish you all the best on your trading journey.

Kieran