{"id":140,"date":"2021-05-13T10:31:51","date_gmt":"2021-05-13T02:31:51","guid":{"rendered":"https:\/\/enfoid.io\/doc\/?p=140"},"modified":"2024-07-17T10:33:03","modified_gmt":"2024-07-17T02:33:03","slug":"prop-update-jurisdiction-change-for-proprietary-trading-accounts","status":"publish","type":"post","link":"https:\/\/www.enfoid.io\/doc\/company\/2021\/05\/prop-update-jurisdiction-change-for-proprietary-trading-accounts\/","title":{"rendered":"Prop Update: Jurisdiction change for Proprietary Trading Accounts"},"content":{"rendered":"<p>to all Live\/Funded Traders<\/p>\n<p><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">we currently in the process of Merging accounts into our newly founded subsidiary,<br \/>\n<\/span>as a result, the accounts will be moved to the respective Jurisdiction.<\/p>\n<blockquote><p>Don&#8217;t worry, no change in contracts, profit split, or rules will happen<br \/>\nin short, <strong>everything keeps spinning<\/strong> \ud83d\ude09<\/p><\/blockquote>\n<p>this will allow us the following:<\/p>\n<ul>\n<li><strong>Maintain the 1:100 Leverage on FX Accounts.<\/strong><\/li>\n<li>adding <strong>Crypto Trading<\/strong>.<\/li>\n<li>back to offer <strong>Futures and Equities to existing Traders<\/strong>.<\/li>\n<li>enable <strong>new risk profiles<\/strong>.<\/li>\n<li><strong>Remove double taxing<\/strong> for Traders in the European Union.<\/li>\n<li>Solving <strong>upcoming regulatory issues<\/strong> in south-east Asia.<\/li>\n<\/ul>\n<p>as a result of this, a few things will change sequentially on a trader by trader base:<\/p>\n<ul>\n<li><strong>we may move some Funded\/Live accounts<\/strong> to other platforms\/brokers\/or Servers<br \/>\nas an example:<br \/>\n&#8211; ICMarkets do operate accounts on a different Juridtiction, if your account is in ASIC we will move the account and provide you New logins.<br \/>\n&#8211; if your broker doesn&#8217;t accept Cooperate clients from new Jurisdictional regions, we may move you to another broker<br \/>\n&#8211; those changes will be dealt case-by-case<\/li>\n<li><strong>Banking Information may change<\/strong> depending on the Jurisdiction<br \/>\nif some accounts (especially wire-transfer accounts) appear inactive, that may be because of this, just contact support to get current accounts for fast transfers.<\/li>\n<li>EnFoid accounts solely used for Trading will only available in the currencies USD, EUR, GBP, AUD, CAD, HKD, and SGD<br \/>\nexisting accounts in other currencies will stay as they are.<\/li>\n<li>Outgoing profit payments will be uninterrupted.<\/li>\n<li><strong>PayPal, Skrill, and Crypto will not be affected<\/strong>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote><p>during the transition period,<br \/>\nthere may be some delay in creating new Trading accounts.<\/p><\/blockquote>\n<p>in case of any question, <a title=\"\" href=\"https:\/\/www.enfoid.com\/contact?jur=us\">we always there for you<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>to all Live\/Funded Traders we currently in the process of Merging accounts into our newly founded subsidiary, as a result, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-140","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\/140","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=140"}],"version-history":[{"count":1,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/posts\/140\/revisions\/141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/media\/142"}],"wp:attachment":[{"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enfoid.io\/doc\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}