MetaTrader undoubtedly remains the dominant platform among retail traders. This is perfectly illustrated by the efforts of prop firms which, after more than a year's hiatus from offering the popular MT5, are once again adding it to their offerings.

How is this possible? The answer lies in obtaining their own licenses to operate CFD brokerages, which Saint Lucia is very eager to distribute. This small island has become one of the most popular destinations in recent months for companies seeking cheap and easy-to-obtain regulatory authorizations.

Blue Guardian and Maven Again Offer MetaTrader Thanks to Their Own Brokers

Blue Guardian was the first to announce the return of MetaTrader 5 to their offering, sharing this information at the end of April.

"We brought Metatrader 5 back with our own license and server," they posted on X. "Now you can enjoy your favorite trading platform at Blue Guardian."

According to information on the prop firm's website, the "own license" was obtained by Blue Guardian Limited, registered in Saint Lucia (company number 2024-00647).

A few days later, Maven presented a similar update to their clients, having launched Maven Trade Ltd (company number 2025-00242) on the same island.

"MetaTrader 5 is back at Maven and it's fully licensed. What does that mean? Well, it means no sudden stops to service," the company wrote on social media.

For both companies, this marks a grand return of the popular MT5 after many long months of absence.

Over a Year Without MetaTrader

In February 2024, MetaQuotes Software created significant chaos in the prop trading industry, which led to blocking offerings to clients from the United States and removing MetaTrader platforms from their offerings.

MetaQuotes disliked, among other things, "grey labeling" – the use of platforms without a direct license, instead using the licenses of broker-partners. This problem affected both Maven Prop Trading and Blue Guardian, as FinanceMagnates.com reported over a year ago.

In the meantime, prop firms began offering alternative platforms, with Blue Guardian focusing on options including DXtrade. However, MetaTrader is MetaTrader, and when the opportunity arose to offer it again, prop firms decided to take advantage of it.

Saint Lucia to the Rescue of Props

In recent months, this island nation of 168,000 inhabitants located in Central America on the Caribbean Sea has become home to a growing number of prop firms looking for cheap, easy-to-obtain licenses that allow them to offer platforms from MetaQuotes once again.

Many other companies have taken similar steps recently. Among them is Goat Funded Trader, which also offered access to MT5 with this move.

Previously, Wall Street Funded and Instant Funding opted for similar regulatory strategies, announcing the launch of their own CFD brokerages.

Besides Saint Lucia, the Comoros, a small island in East Africa, has also become a popular destination recently. FundingPips registered their broker there, and Hola Prime operates in the same jurisdiction.

Source: Finance Magnates