Where is this trading going to happen?
The broker is called Traders Global Group. This is an unregulated company that is offering the MT4 server where students will be trading at.
However, My Forex Funds claims that Traders Global Group is not a broker, hence no need for a license.
The truth is that anyone offering some sort of financial service in the form of a trading server is acting as a broker and therefore the issue of a license must be a valid arguement.