Important Information about the current Jurisdiction change for Traders Read Here

  • Singapore, 4 months 2 weeks ago
    Prop Update: Jurisdiction change for Proprietary Trading Accounts

    to all Live/Funded Traders

    we currently in the process of Merging accounts into our newly founded subsidiary,
    as a result, the accounts will be moved to the respective Jurisdiction.

    Don’t worry, no change in contracts, profit split, or rules will happen
    in short, everything keeps spinning 😉

    this will allow us the following:

    • Maintain the 1:100 Leverage on FX Accounts.
    • adding Crypto Trading.
    • back to offer Futures and Equities to existing Traders.
    • enable new risk profiles.
    • Remove double taxing for Traders in the European Union.
    • Solving upcoming regulatory issues in south-east Asia.

    as a result of this, a few things will change sequentially on a trader by trader base:

    • we may move some Funded/Live accounts to other platforms/brokers/or Servers
      as an example:
      – ICMarkets do operate accounts on a different Juridtiction, if your account is in ASIC we will move the account and provide you New logins.
      – if your broker doesn’t accept Cooperate clients from new Jurisdictional regions, we may move you to another broker
      – those changes will be dealt case-by-case
    • Banking Information may change depending on the Jurisdiction
      if some accounts (especially wire-transfer accounts) appear inactive, that may be because of this, just contact support to get current accounts for fast transfers.
    • EnFoid accounts solely used for Trading will only available in the currencies USD, EUR, GBP, AUD, CAD, HKD, and SGD
      existing accounts in other currencies will stay as they are.
    • Outgoing profit payments will be uninterrupted.
    • PayPal, Skrill, and Crypto will not be affected.

     

    during the transition period,
    there may be some delay in creating new Trading accounts.

    in case of any question, we always there for you


    Original post on the SwingFish Blog