In response to swirling speculations surrounding their business with prop firms, Eightcap CEO Alex Howard has stepped forward to provide clarification, shedding light on the matter.

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In recent forex broker news, it has been reported that despite ongoing speculation about their commercial dealings with proprietary trading firms, the Eightcap forex broker's CEO, Alex Howard, has tried to clarify the situation. This comes from recent statements by different prop firms, such as The5ers being on stand-by regarding the registration of US traders.

Speculation followed when Matt Lark, CEO of Lark Funding, revealed that would shut down their services by the end of February. Yet, Howard challenged those rumors directly, upset at the misleading stories to which he pointed out that reviewing partnerships is a regular course of business for their operations.

However, the decision of is likely to affect prop firms like Blue Guardian and Funded Trading Plus, although the re-assurances from ThinkMarkets show that the industry is operating in a relatively stable environment.

Additionally, The5ers has delayed accepting new US users due to the regulatory uncertainties they face. This reflects a general industry trend wherein the firms focus on compliance with the legal norms on proprietary trading.

The surroundings are witnessing turbulent events as FPFX Tech has terminated the licensing deal with Funded Engineer after the latter was accused of deception. On the contrary, True Forex Funds has ceased to offer its services after the termination of MetaQuotes licenses, which raises worries about compliance with regulations.

These developments bring to the fore the challenges encountered by the proprietary trading sector, with stricter regulatory scrutiny and shifting business environment compelling firms to adapt and re-consider their operations.

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