Prop Update: Jurisdiction change for Proprietary Trading Accounts

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:

  • Maintain the 1:100 Leverage on FX Accounts.
  • adding Crypto Trading.
  • back to offer Futures and Equities to existing Traders.
  • enable new risk profiles.
  • Remove double taxing for Traders in the European Union.
  • Solving upcoming regulatory issues in south-east Asia.

as a result of this, a few things will change sequentially on a trader by trader base:

  • we may move some Funded/Live accounts to other platforms/brokers/or Servers
    as an example:
    – ICMarkets do operate accounts on a different Juridtiction, if your account is in ASIC we will move the account and provide you New logins.
    – if your broker doesn’t accept Cooperate clients from new Jurisdictional regions, we may move you to another broker
    – those changes will be dealt case-by-case
  • Banking Information may change depending on the Jurisdiction
    if some accounts (especially wire-transfer accounts) appear inactive, that may be because of this, just contact support to get current accounts for fast transfers.
  • EnFoid accounts solely used for Trading will only available in the currencies USD, EUR, GBP, AUD, CAD, HKD, and SGD
    existing accounts in other currencies will stay as they are.
  • Outgoing profit payments will be uninterrupted.
  • PayPal, Skrill, and Crypto will not be affected.


during the transition period,
there may be some delay in creating new Trading accounts.

in case of any question, we always there for you