Wall Street Funded Establishes Broker in St. Lucia to Reintroduce MetaTrader 5

In a significant shift that underscores an evolving trend in the proprietary trading industry, Wall Street Funded (WSFunded), a challenge-based prop trading firm, has officially become a licensed retail contract-for-difference (CFD) broker in the offshore jurisdiction of St. Lucia. This move is part of a growing wave of funded trading firms seeking broker licenses in exotic offshore locations to regain access to the popular MetaTrader platforms.

From Prop Firm to Licensed Broker

The transition from prop firm to licensed broker reflects a broader industry reaction to the regulatory crackdown by MetaQuotes, the developer of MetaTrader 4 and 5. In early 2024, MetaQuotes began severing relationships with prop firms using white-labeled versions of its platforms due to compliance concerns. As a result, many firms were forced to discontinue MetaTrader offerings, disrupting operations and client access.

To navigate this challenge, several prop firms, including WSFunded, have sought regulatory licenses in jurisdictions such as St. Lucia and Comoros. These licenses allow firms to operate as full-fledged brokers, enabling them to directly purchase MetaTrader licenses from MetaQuotes and bypass the now-restricted white-label partnerships.

St. Lucia: A Strategic Choice

While many firms have flocked to the Island of Comoros for its ultra-flexible regulatory framework, Wall Street Funded chose St. Lucia, another offshore jurisdiction offering broker registration with moderate oversight. This choice reflects a calculated move to strike a balance between regulatory leniency and credibility, potentially giving WSFunded a more favorable image among prospective clients.

WSFunded now operates under the legal name WSFunded Ltd, with registration number 2025-00117, according to public records.

MT5 Returns to WSFunded

Earlier this week, WSFunded confirmed via its social media channels that MetaTrader 5 (MT5) is once again available to clients. The platform‘s return marks a major milestone for the firm, restoring access to one of the industry’s most trusted and advanced trading platforms.

MT5 is known for its multi-asset support, superior charting tools, faster execution speeds, and enhanced algorithmic trading capabilities. For traders who had grown accustomed to its robust features, MT5's withdrawal in early 2024 was a major setback. Now, thanks to WSFundeds regulatory maneuver, those same traders can once again enjoy the full MT5 experience.

A Broader Industry Trend

WSFunded is not alone in this approach. A growing number of proprietary trading firms have begun transitioning into brokerages in offshore regions, specifically to restore partnerships with MetaQuotes and maintain competitive service offerings. While this trend does raise questions about regulatory rigor, it also highlights the desire for greater control over platform integration, pricing models, and execution environments.

For WSFunded, the move could be a game-changer, enabling it to differentiate itself in a saturated prop trading market and regain the trust of traders who value MetaTraders legacy.

Conclusion

Wall Street Fundeds transition to a licensed broker in St. Lucia and the reintroduction of MetaTrader 5 signal a new chapter—not only for the firm but also for the broader funded-trading industry. As regulatory landscapes shift and technology providers tighten compliance, prop firms are finding new ways to adapt.