Fraudulent company
Fraudulent company, how much money did I spend advertising for the company and then when it was time to pay, they told me not to let Vietnam do affelite?
Response from Elite Trader Funding
We sincerely regret any inconvenience you've experienced and genuinely understand the concerns raised. It's important to clarify that our decisions are rooted in stringent regulatory constraints, and our primary commitment is to uphold transparency and fairness in all our transactions.
The constraints arise from regulations imposed by our US Futures Commission Merchants (FCMs), clearing firms, and brokers. It's crucial for us to abide by these regulations to ensure compliance. Unfortunately, this means we are unable to accept traders who are citizens or residents of certain countries due to Office of Foreign Assets Control (OFAC) restrictions.
As part of our compliance efforts, we proactively reached out to users, including yourself, who fall under the OFAC restricted countries list. In such cases, we refunded actively traded accounts and provided an explanation of the service limitations. This action is not specific to individual cases but is a proactive measure to adhere to regulatory requirements set forth by the US FCM and OFAC.
We understand the challenges this may pose and genuinely apologize for any inconvenience caused. Our commitment to regulatory compliance is non-negotiable, and we appreciate your understanding in this matter. If you have further questions or require additional clarification, please don't hesitate to reach out to our support team.
The constraints arise from regulations imposed by our US Futures Commission Merchants (FCMs), clearing firms, and brokers. It's crucial for us to abide by these regulations to ensure compliance. Unfortunately, this means we are unable to accept traders who are citizens or residents of certain countries due to Office of Foreign Assets Control (OFAC) restrictions.
As part of our compliance efforts, we proactively reached out to users, including yourself, who fall under the OFAC restricted countries list. In such cases, we refunded actively traded accounts and provided an explanation of the service limitations. This action is not specific to individual cases but is a proactive measure to adhere to regulatory requirements set forth by the US FCM and OFAC.
We understand the challenges this may pose and genuinely apologize for any inconvenience caused. Our commitment to regulatory compliance is non-negotiable, and we appreciate your understanding in this matter. If you have further questions or require additional clarification, please don't hesitate to reach out to our support team.