{"id":115,"date":"2019-07-30T10:13:03","date_gmt":"2019-07-30T02:13:03","guid":{"rendered":"https:\/\/enfoid.io\/doc\/?p=115"},"modified":"2024-07-17T10:14:39","modified_gmt":"2024-07-17T02:14:39","slug":"deposit-requirements-for-funded-accounts","status":"publish","type":"post","link":"https:\/\/www.enfoid.io\/doc\/company\/2019\/07\/deposit-requirements-for-funded-accounts\/","title":{"rendered":"Deposit Requirements for Funded Accounts"},"content":{"rendered":"<p>we realized that there are a few issues we do have to address and make more clear<\/p>\n<ul>\n<li>EnFoid&#8217;s strict No Conflict of Interest rule does apply!<\/li>\n<\/ul>\n<h2>No Fee&#8217;s<\/h2>\n<p><!--more-->EnFoid Prop does NOT charge any fees to participating Prop Traders!<br \/>\nalso, there is no Management, Accounting or any other hidden charges.<\/p>\n<p><a href=\"https:\/\/www.enfoid.com\/prop\/fast-track\">Fast-Track<\/a> users are however required to pre-cover Expenses in exchange for time.<\/p>\n<p>this means:<\/p>\n<ul>\n<li>you will have to have at least 0.8% of your selected Equity in your EnFoid account.<\/li>\n<li>at least 0.8% of the Selected Equity to trade must stay on the EnFoid account until the Verification is Completed.<\/li>\n<li>Funds will not be taken out of your account!<\/li>\n<li>Funds do receive Interest and Dividend&#8217;s every weekend.<\/li>\n<\/ul>\n<h2>Cost Complexity<\/h2>\n<p>there has been a lot of confusion about the costs, we did hear you and will change accordingly.<\/p>\n<blockquote><p>we do NOT charge Fees for Enrolment and\/or Management of <a href=\"https:\/\/www.enfoid.com\/prop\">Prop Trading<\/a>, EVER!<br \/>\n<small>it&#8217;s Win-Win for Everyone, if you make money, we make money!<\/small><\/p><\/blockquote>\n<ul>\n<li>Starting August 2019 we will no longer charge SGD\/USD\/GBP Amounts.<\/li>\n<li>your required EnFoid balance is set to 0.8% of the Equity you will trade with.<br \/>\n<small>(high-risk account&#8217;s allowing double the drawdown we will require 1.6%)<\/small><\/li>\n<li>Trading Account&#8217;s that are already enrolled will not be affected by this change.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\">please see the <a href=\"https:\/\/www.enfoid.com\/prop\/pricelist\">Updated Pricelist<\/a> for more detailed information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>we realized that there are a few issues we do have to address and make more clear EnFoid&#8217;s strict No [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company"],"_links":{"self":[{"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts\/115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/comments?post=115"}],"version-history":[{"count":2,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts\/115\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts\/115\/revisions\/117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/media\/108"}],"wp:attachment":[{"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/media?parent=115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/categories?post=115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/tags?post=115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}