Hi XXX,
We have received your additional account application and it has been approved. However, please be advised that you are currently under the ASIC regulation and should migrate the account to VFSC.
We want to ensure you are aware of the leverage changes ASIC has placed on all retail traders, such as yourself. These new regulations mean that leverage is reduced to as low as 30:1 on Forex pairs, as well as the stop-out level rises to a 50 % margin. These requirements mean increased equity will have to be held to open and keep positions.
That said, we have made VFSC the default for clients outside Australia. Please log in to your Fusion Hub (Client portal), click on "Migrate my account", please read the terms and conditions, and migrate the account to VFSC.
You can refer to the photo below for your reference.
Once migrated successfully, the account will be enabled. You may also enjoy higher leverage up to 1:500 under the VFSC regulator.
I appreciate your kind understanding of this matter. Should you have further concerns, please don't hesitate to reach out 24 hours a day. We're just an email, live chat, or phone call away.