Wall Street Funded (WSFunded), a challenge-based proprietary trading firm, has announced that it now operates as a fully licensed CFD broker in St. Lucia. This move enables the firm to reintroduce MetaTrader 5 (MT5) to its clients—more than a year after MetaQuotes banned white-label partnerships with prop firms.

WSFunded confirmed the news through its official X and Discord channels, stating: "We've taken a huge step forward at Wall Street Funded. Now, we operate with our own broker." The transition is aimed at improving trading conditions for users, including faster execution speeds and lower spreads.

According to the company’s website, WSFunded Ltd is registered in St. Lucia under license number 2025-00117. Although offshore jurisdictions like St. Lucia are not as strictly regulated as CySEC or ASIC, they meet MetaQuotes’ requirements for direct licensing—provided that firms avoid servicing U.S.-based clients.

WSFunded is not alone in this approach. A growing number of prop firms are establishing brokerages in offshore locations to regain access to the MetaTrader suite. While many have turned to the increasingly popular Comoros Islands, St. Lucia offers a slightly more established regulatory environment.

This strategic shift reflects a broader trend. MetaQuotes, facing competition from cTrader and Match-Trader, has softened its stance and is now open to direct licensing agreements with prop trading firms. The decision follows a 25% increase in MT4 and MT5 fees earlier this year, signaling the company’s renewed interest in tapping into the rapidly growing prop trading market.

For prop firms looking to scale and professionalize, becoming a licensed broker may be the only viable path forward to retain access to MetaTrader platforms.

Stay tuned to PropInsider for the latest developments in the evolving prop trading landscape.

‍