Articles

Prop Update: Jurisdiction change for Proprietary Trading Accounts

138351   May 13, 2021 06:08   SwingFish   SwingFish Updates   EnFoid

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

IB Update ICMarkets

121271   March 12, 2021 15:03   SwingFish   SwingFish Updates   EnFoid

Due to Regulatory changes, we will have a new Agreement with ICMarkets starting Fri March 12 2021!

the agreement will be with the Global entity of IC Markets “IC MARKETS GLOBAL”

everything will stay the same, if you do have a ICMarkets account added to your IBLink they will automatically updated.

New accounts are not affected by this at all.

due to the new Systems put in place, settlements may be delayed but will always take place, there will be no cycle or payment missed because of this.

more details on IBLink here: https://www.swingfish.trade/free-money-trade-rebate

New CopyTrade in public Beta

71407   September 13, 2020 16:09   SwingFish   SwingFish Updates   EnFoid

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.

how to NEVER fail Prop Trading challenges

56759   July 6, 2020 00:37   SwingFish   Traders Library you should know   EnFoid

A few simple & easy steps to ensure never to fail a trading challenge or live trading.
this works for almost all Proprietary Trading Firms, the content below is based on EnFoid Proprietary Trading (more…)

Proprietary Trading (prop) Weekend Rule softened

50619   April 19, 2020 15:40   SwingFish   SwingFish Updates   EnFoid

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:

• they are REASONABLY Sized!
  meaning a large gap will not exceed the max or daily loss.
• Hedged Positions can be held with any size.
• no STOP or LIMIT orders of any type.

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.

Proprietary (Prop) Trading changes & updates

48725   March 30, 2020 01:38   SwingFish   SwingFish Updates   EnFoid

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

(more…)

RoboForex rebate update

45184   March 7, 2020 09:50   SwingFish   SwingFish Updates   EnFoid

get up to 30% of your trading fee’s back! with Swingfish Forex rebates!

you may have noted that there is a somewhat change in payouts generated via RoboForex/RoboMarkets.

this is due to a change in the partner program, which we have no control over.

no other broker is affected by this.

all RoboForex users will receive 100% of what we will receive. (even if the user is not a SwingFish member)

we working on a better solution, but this may take some time.

Removing AdmiralMarkets from Proprietary Trading

42220   January 25, 2020 00:20   SwingFish   SwingFish Updates   EnFoid

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.

Crypto Destination Update

35586   September 5, 2019 06:42   SwingFish   SwingFish Updates   EnFoid

After many years of providing good services in crypto exchange, bx.in.th is closing its doors.
because of this, there will be a change in the crypto addresses we used for many years.

(more…)

Deposit Requirements for Funded Accounts

33133   July 30, 2019 14:57   SwingFish   SwingFish Updates   EnFoid

we realized that there are a few issues we do have to address and make more clear

• EnFoid’s strict No Conflict of Interest rule does apply!

No Fee’s

(more…)

US Branch moves to Delaware

30719   June 25, 2019 04:58   SwingFish   SwingFish Updates   EnFoid

After finalizing legalities and regulations,
we will move our US operations to the fine town of Lewes, Delaware.

• operate under EnFoid LLC
• using the domain EnFoid.us
• our new Registered Address
  EnFoid LLC
16192 Coastal Highway Lewes, Delaware 19958
• new US Phone number: (302) 200 5092
• old Phone numbers will be forwarded till August 2019.
• there will be no interruption of services.
• EnFoid LLC is a Subsidiary of EnFoid Pte. Ltd. (Singapore)
• filed under 7483813 with the State of Delaware.

The outstanding Legislation of Delaware is supporting business and provides great assistance, making this step a very easy one. Additionally noteworthy are the recent legislation changes by the State of Delaware, that makes Digital asset management very convenient.

50% Shared Profit- Funded Forex Account

30030   June 13, 2019 17:15   SwingFish   SwingFish Updates   EnFoid

Finally, we completed the step to Funded Forex Trading accounts for our Members.

the System is fully integrated with our Investment Platform.

all you have to do to Qualify:

1. Complete the Trial to show us what you can do
2. Complete the evaluation.
3. Complete the Verification to make sure it wasn’t luck

after these steps completed, the Funded account is on your way.

here are more details on the EnFoid Proprietary Trading pages.

P.S. we also accept US Residents.