FOREX.com
Restrictions to Saudi Arabian Client Trading Accounts
Dear Raad,
As a result of recent restrictions imposed on the industry by Saudi Arabian banks, we have been required to place some restrictions on trading accounts of clients based in Saudi Arabia.
These changes will become effective after the market close on Friday, 28 October 2016.
Existing open positions will not be impacted by these changes.
• Trading functionally will be set to "close only" and, you will not be able to enter into any new open positions
Funding/Withdrawals
We are currently restricted from processing withdrawals to Saudi Arabian based banks. We may process withdrawals to banks based outside of Saudi Arabia, subject to the appropriate due diligence. Please contact us for more information.
During this time, deposits should be limited to funds required to maintain existing positions.
We are working hard with our partners to reach resolution as quickly as possible and will notify you as soon as more information becomes available.
Regards,