SeacrestFunded has announced an important and new platform update affecting its users currently trading on Purple Trading’s cTrader. The firm revealed that Purple Trading cTrader will no longer be servicing prop firms, prompting SeacrestFunded to initiate a migration plan for affected accounts.
In a recent statement, SeacrestFunded assured clients that despite the unexpected news, a smooth transition is already underway. All existing cTrader accounts under Purple Trading will be fully migrated to SeacrestFunded’s MetaTrader 5 (MT5) platform by the end of the month.
The firm emphasized that client balances and trading data will remain intact during the migration. “Your balances and everything will remain the same and everything will transfer over with ease,” the company noted, aiming to reassure traders and minimize disruption to ongoing trading activities.
New Platform Update: SeacrestFunded Migration to MT5
While the announcement may come as a surprise to many, SeacrestFunded highlighted its commitment to supporting clients through the transition. The firm has more detailed information, including specific migration dates, which will be available in the coming days to ensure users have full information.
SeacrestFunded acknowledged the potential inconvenience the change may cause, stating, “We apologize for any inconvenience this may cause any of our customers.” However, the firm reiterated its long-term dedication to providing traders with robust, reliable trading infrastructure.
The shift away from Purple Trading cTrader reflects broader changes in the proprietary trading ecosystem, where brokers and platforms are refining their offerings and partnerships. For traders at SeacrestFunded, the move to MT5 — a globally popular and feature-rich trading platform — may ultimately offer greater flexibility and functionality.
As the migration process unfolds, SeacrestFunded clients have to stay updated via official communication channels and prepare for the platform switch before month-end.
About the Firm
SeacrestFunded offers traders four different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm’s capital, meaning that they will cover all losses.
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