Skip to content
Regulation & safety

Why can’t I open an account with some brokers in my country?

Short answer: Because a broker needs permission to serve clients in each country, and some countries ban retail CFDs outright. The US doesn’t allow retail CFD trading at all, and brokers also block sanctioned countries and places where they hold no suitable licence.

The main reasons

  • No licence for your country. A broker can only market to and onboard clients where its licences allow.
  • Retail CFDs banned. The US doesn’t allow retail CFD trading, so almost every CFD broker refuses US residents. Some other countries restrict them too.
  • Sanctions and high-risk lists. Brokers block countries under international sanctions or on the FATF high-risk list.
  • Local rules on leverage or marketing that make serving a country uneconomic.

Why the same broker shows different terms

Your country decides which of the broker’s companies you’re placed with, and that changes leverage, protection and even which products you see. That’s why BrokersNest shows region-specific details on every profile.

What to do

  • Don’t use a VPN or a false address to sign up. It breaks the broker’s terms and can get your account frozen, with your money in it.
  • Use our brokers by country page to see who actually serves where you live.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brokers

Brokers that fit this question

Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
CySEC 388/20
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
CySEC 078/07
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
CMVM 433
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
FCA 684312
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
FCA 509956
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
FCA 434413
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
ASIC 414530
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
XM
Lowest entry
77.57 / 100
Minimum deposit
$5
All-in cost / lot, EUR/USD
—
Regulator
ASIC 443670
AvaTrade
Best for beginners
75.61 / 100
Minimum deposit
$100
All-in cost / lot, EUR/USD
$9.00
Regulator
ASIC 406684
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
SCB · DFSA · CMA
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
SCB
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
SCB · FSC (Mauritius) · BACEN/CVM (Brazil) · CMA (UAE, introducing licence)

Licensed entities only. Cost and regulator are for the region shown. Brokers may pay us when you open an account; that never moves a ranking.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 53% and 80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PromotedBN-05 · 970×250 · 300×250 on mobile · trader question