Being a Proprietary Trader comes with rights & responsibilities.
We will outline here most of the regulations, legal aspects and other things you do 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 a independent contract basis and responsible for your own hours and performance targets being met. 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, that 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 personal 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 of any form.
All live transactions that are executed on trading accounts are conducted soley by EnFoid or Partners of EnFoid.
any activity in Clients Name would require regulation and licensing 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 this things.