FundedNext’s pausing new signups from the U.S Traders
FundedNext, a leading online trading platform, has temporarily paused new sign-ups from the United States (US) as part of their commitment to upholding regulatory requirements.
This measure ensures that the platform remains compliant with relevant laws and regulations governing financial activities
Existing US clients of FundedNext can rest assured that they will remain unaffected by these circumstances. However, it is important to note that in the event of an account breach, access to account reset or top-up services will not be accessible.
This policy is in place to restrict new purchases and trading activities originating from within the US. While individuals residing in the US who are not citizens of the country are presently unable to engage in trading with FundedNext, there is an exception for individuals who are born US citizens but live in another country holding dual citizenship.
These individuals can participate in trading activities by verifying their documents from their other country of citizenship, ensuring compliance with FundedNext’s trading eligibility criteria. To ensure the highest level of security and compliance, FundedNext initially partnered with third-party brokerages.
However, the platform quickly recognized the importance of maintaining full control over their operations and shifted to hosting their own servers. This move allowed FundedNext to avoid any potential grey labeling concerns and fully comply with trading platform policies.
In addition to hosting their own servers, FundedNext has also obtained the necessary trading licenses. This proactive step demonstrates the platform’s commitment to protecting the interests of its traders. By obtaining the required licenses, FundedNext ensures that they operate within the legal framework and adhere to the highest standards of transparency and accountability.
FundedNext recognizes the significance of trading platforms 4 and 5 for their traders. These platforms provide advanced trading features and tools that enable traders to make informed decisions and execute trades effectively. By acknowledging the importance of these platforms, FundedNext aims to provide its traders with a comprehensive and robust trading experience.
In conclusion, FundedNext’s temporary pause on new sign-ups from the United States reflects their dedication to upholding regulatory requirements. Existing US clients will not be affected by this measure, but certain limitations may apply in the event of an account breach. FundedNext’s policy to restrict new purchases and trading activities from within the US is in line with their commitment to compliance. Furthermore, FundedNext’s partnership with third-party brokerages and subsequent shift to hosting their own servers demonstrates their commitment to avoiding any potential grey labeling concerns and complying with trading platform policies. Obtaining the necessary trading licenses further solidifies FundedNext’s commitment to protecting the interests of their traders. By adhering to regulatory requirements and prioritizing trader protection, FundedNext aims to provide a secure and transparent trading environment for its clients.
