After weeks of testing and temporarily disabling certain systems, we are pleased to announce that we have successfully moved the services to other servers.
Ensured that the transition was seamless and did not result in any disruption to other systems or services.
Please be informed that the following systems have been permanently disabled: (more…)Full Article
Due to ongoing issues, we have created a dedicated Status page that will show the current, real-time exposure, pending transactions, and overall details.
the data displayed there may differ from other pages, as it’s created in real-time and not based on averages.
please note that pending transactions can be user or system-created but will show regardless until cleared or updated.
also noteworthy is that the totals are NOT representing the companies value, but only the contractual obligations as such.
Some huge chunks are still missing as in disputed amounts from past providers and partners,
we will add those in a later update to additional rows in just a few days.
this is to further increase transparency only and does not serve as a statement of performance.Full Article
due to the ongoing SEC’s action against Ripple Labs, Inc., Coinbase stop trading in XRP by January 19, 2021.
we were still using XRP for outgoing transfers.
as of today, we can no longer fulfill payments through XRP, as we are unable to obtain more Ripple Coins until the suspension is lifted.
Other Cryptocurrencies are NOT affected by this, the SEC’s action is only against XRP!
if your XRP Transaction was canceled, please re-add it using another Cryptocurrency.
this is not the end of XRP, once the SEC has concluded the investigation with Ripple Labs, Inc.,
we will enable XRP payments, deposits, and withdrawals immediately.
some of those tasks are major, others are just minor changes.
most of these things will take place in the background, and not affect any operations at all.
the only exception to this is the Proprietary Trading project, as we do violate regulatory requirements doing this, Prop Trading will be halted until the change is complete, to make sure the Law is on our side.
EnFoid has no (and never had) any interest in “Selling trading accounts” as this is in direct conflict with our mission statement, as a result, we will also use this chance to re-launch Prop Trading in a new form, which will be far more selective in enrolling traders, and in exchange more lenient towards the ones that do qualify.
Please see the Official Merger information here https://www.enfoid.com/legal-enfoid-enfoid-merger
good day, last night (March 1) we had a Server outage spanning serval hours,
due to a hardware error on our Database infrastructure.
All API-driven, cloud-based features (EnFoid.IO) and client systems were covered by our Backup Database Server located in Canada, which may had caused some latency issues,
all systems are back up now, and functioning as expected.
we do apologize for the inconvenience.
Our office will be closed on Friday 24 Sep 2021.
For the planned vaccination of all staff, plus the public holiday, due to known side-effects, the office will remain closed till Monday.
there also will be no live trading on Friday.
We will process in and outgoing transactions after the end of 23 Sep. 2021, resulting in a rollover to be processed 24 hours earlier.
From Monday onwards, our online support will be available for you via email and Live chat.Full Article
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:
as a result of this, a few things will change sequentially on a trader by trader base:
during the transition period,
there may be some delay in creating new Trading accounts.
in case of any question, we always there for youFull Article
if you trade with multiple accounts/platforms (even on multiple firms) EnFoid CopyTrade is what you need.
you can now simply manage execution spanning multiple accounts, platforms, balances, and brokers.
via an easy to use interface.
in addition to the account list, inside of your EnFoid account, the status of the copy system is seamlessly integrated into the Account Settings pages.
EnFoid account holders can see the active accounts on the new Copy Trade Status page
details and updates can be followed on the public Copy Trade information page
currently this public beta is available only to EnFoid Traders, but will be available for everyone shortly.
previously trading during weekends wasn’t allowed. as we can not control the exposure during closed markets.
this rule will be softened to the following:
Positions can be held during weekends if:
This change does affect ALL Account types.
sizing is up to the trader, but if this is stressed, abused or overdone,
EnFoid will Terminate live account’s with no warning, regardless of the outcome on re-opening.
make sure you read the updated Rules in detail.Full Article
We currently overhauling the Proprietary systems to provide a better experience to our Traders, and more stability overall.
as a result, there will be a few changes applied to different parts of the systems and the way we do these things.
All these changes will come into effect on March 31 2020 23:59 SGT
we have decided to stop providing Proprietary Trading accounts via the broker Admiral Markets effective immediately.
this was an internal decision based on serval management and logistical factors.
all live accounts will be moved to IC Markets over the coming week. Starting February 2020 all accounts will be closed.
EnFoid Live Traders will be individually contacted regarding the move and the Future broker to use.