From Thursday this week, Fusion Markets will no longer be onboarding clients from Spain.
That means Spain is to be treated the same you would treat North Korea or the USA.

** Additional accounts are fine to approve.

Note: this is only Fusion Markets and not Global Prime. 

[Not to be communicated with clients] Once we activate our Cysec license, I believe we'll be able to onboard clients in this region again, but for now, it is considered a blocked region.

Clients already on Fusion from Spain can remain, only new clients will be blocked.

If someone asks, "You accepted Spanish clients before, why can't you accept them now?"

You could say something like:

"There have been some regulatory changes that unfortunately means we can no longer service Spanish residents."

We'll be implementing all logic on the hub and adding it to the website on Thursday.


Update as of 17th June

Hi everyone, just a note that as of tonight, clients from Spain will no longer be able to apply for accounts with Fusion Markets. The disclaimers to the website will be updated

 

Existing clients from Spain will be able to continue trading + opening additional accounts without restriction. 

 

Please note that this does not apply to Global Prime. 




For clients asking why Spain is a blocked country, we can explain the below statement provided by DJ:

 

Unfortunately, Spain is no longer a supported country for new registrations due to regulatory constraints.