Commitment to Integrity and Regulatory Compliance :
Commitment to Integrity and Regulatory Compliance. At Phidias Propfirm, our commitment to integrity and regulatory compliance is at the heart of all our trading activities. We take pride in ensuring that our trading services comply with applicable regulations, both national and international. However, due to various regulations and legal considerations, we regret to inform you that we are currently unable to offer our trading services in certain countries. It is essential to note that this list of countries is not exhaustive and that it is subject to change at any time, whether at the request of regulators or at our own discretion. We make every effort to comply with regulatory requirements in each jurisdiction, which may result in adjustments to our list of service countries. We recognize the importance of providing safe and compliant trading services, and we continue to work closely with regulatory authorities to maintain these high standards. We thank you for your understanding and cooperation. If you have specific questions regarding the availability of our services in your country, we invite you to contact us for additional information. We remain committed to providing you with the best trading opportunities in compliance with applicable laws and regulations.
At Phidias PropFirm, we place great importance on regulatory compliance and the highest safety standards to protect our traders and our operations. However, there are various reasons why some countries are not currently eligible for our service, including:
1. Sanctions and embargoes: Certain countries are subject to international sanctions or embargoes that restrict or prohibit international financial transactions. As a result, we are unable to offer our services in these areas.
2. Management capacity: In some countries, our partners, brokers, technical support companies or data providers are unable or unwilling to open live accounts. This could hamper our ability to serve our traders effectively, as access to trading funds would be limited.
3. Fraud risk: We attach great importance to security and fraud prevention. Some countries historically present a higher level of fraud risk, including credit card fraud, identity theft, hacking, chargebacks, online scams and other types of financial fraud. We need to take steps to protect our traders and our business.
4. Services: Our commitment to our traders includes the provision of high quality services. This can sometimes be hampered by language barriers, a lack of effective communication and the absence of service representatives who speak the local language. We are actively working to expand our service and training resources in different languages, to better serve our traders in the future.
5. People on sanctions lists, people with criminal records related to financial crime or terrorism, and people previously banned due to breach of contract.
We understand that these geographic and people restrictions can be disappointing, but they are put in place to ensure the security, compliance and quality of our services. We are constantly committed to improving our offerings and expanding our reach, with the hope of being able to serve more countries in the future. If you have any questions or need more information, please do not hesitate to contact us. We thank you for your understanding and interest in Phidias Propfirm.