Important Information about the current Jurisdiction change for Traders Read Here
Being a Proprietary Trader comes with rights & responsibilities.
We will outline most of the regulations, legal aspects, and other things you need to know.
for a Clear view of what you will get into download the Sample Contract with all the fine print
As a valued trader for EnFoid, you will be working on an independent contract basis and responsible for your hours and performance. You will be in control of what you can earn and the time you put in each month. All we ask is that you operate within rules we set out.
We do not provide medical benefits, company car, paid holidays, internet, pension, or any other coverage of costs relating to your business.
EnFoid has no right to take any funds from your EnFoid Account without your explicit confirmation to do so.
Your EnFoid account is lending based, which means that the money is yours, and we are obligated to pay you interest.
You are a Contractor, the Financial gains you produce are not your gains but of our Company.
with receiving a commission or payment for Services you are not subject to any Capital Gains taxes
however you may need to pay Income taxes in your area according to local laws.
EnFoid does not deduct any taxes, except of Singaporean local taxes for sales/goods (such as GST)
EnFoid is not a financial advisor or fund manager in any way.
All live transactions that are executed on trading accounts are conducted solely by EnFoid or Partners of EnFoid.
Any activity in Client Name would require regulation and license for the person doing it and the Companies supporting it. (eg. PAMM/MAM or Trading Clients money in their name/Managed accounts) EnFoid does none of these things!.