Fusion Markets is not able to take clients from Palestine, Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Somalia, Sudan, Syria, Yemen or the United States or its territories.
Blocked Countries |
New Zealand |
North Korea |
United States |
Russia Ukraine Japan
|
US Territories |
American Samoa |
Guam |
Puerto Rico |
the Northern Mariana Islands |
the U.S. Virgin Islands |
In addition, overnight we made a change regarding the countries that we can accept to trade with Fusion Markets. This change resulted in no longer accepting applications from the following countries:
Iran
Iraq
Afghanistan
Myanmar
Sudan/South Sudan
Syria
Somalia
Congo
Yemen
Russia
Ukraine
Palestine
** For Congo - Congo Brazzaville or Congo Kinshasa are both not accepted.
This change will not/should not impact existing clients from these regions. They will be able to continue to fund and trade as per usual. If you have a client that is reporting a bug from one of these countries, please let OPS know so they can resolve the issue.
These new banned countries have been added to our FAQ document already and their country is no longer available in the application drop down box
Blocked Country - Palestine
Palestine will be removed as an option for clients to select. If a client applies under a different country but their location is Palestine, please decline the application. If a client applies prior to Palestine being removed from the application form, please reject this application as well. We will not be banning existing clients from the region, just new business
Russia and Ukraine Update
Due to the conflict in the Ukraine, the decision has been made that as of now, we will no longer be able to accept clients from Russia and Ukraine. This block will be in place for an indefinite period of time. Russia has been removed from the application form but if you notice that a client is putting a different country on the application and trying to bypass the block, please reject the account.
Please note that we are no longer able to accept Ukrainian clients either.
The country has been removed from the 'select country list'. If you see an application from this region or from someone that is trying to bypass the restriction, please do not approve the account. It cannot be accepted on compliance grounds.
What about existing clients?
Existing clients will not be impacted and will be able to continue trading. That being said, clients from Russia/Ukraine may find it exceedingly difficult to withdraw their funds or fund their account. As you know, our crypto provider will not service clients from Russia and the country has been removed from SWIFT meaning that bank transfers are now hidden for them in the withdrawal form too. Unfortunately, there is very little we can do to return their funds if they aren't happy with our existing options.
Additional Apps
Please ensure you are not approving any accounts from Russia or other restricted jurisdictions
What we had intended for legacy clients from restricted areas is that they can continue using their existing accounts, but no new or additional accounts should be created.
Once they go dormant, we may disable the user and not let them deactivate the account. This is so that over time we can get rid of the clients from restricted areas, but without impacting them too much