List of the countries where Forex trading is banned

Which countries ban Forex trading?


Here is a list of countries that ban or limit Forex:

Belarus
Bosnia & Herzegovina
British Columbia (Canada)
Bulgaria
China (Strict regulations if not total ban)
Cuba
India
Indonesia
Ivory Coast
Iran
Liberia
Lithuania
Macedonia
Malaysia
Montenegro
Myanmar
Nigeria
North Korea
Pakistan
Quebec (Canada)
Romania
South Korea
Sri Lanka (Recently relaxed but not confirmed)
St. Helena
Sudan
Syria
Ukraine
Zimbabwe

This according to this site: http://www.dollarshower.com/forex-tr...ned-countries/

The site gives some notions of what the ban may mean:

Further clarification on ban categories

The ban or inability to do Forex trading could be due to the following financial regulations:

Some regulators ban any kind of overseas transactions via anti-money laundering laws

Controlled and regulated forex transactions via stipulated guidelines – this is the case where

Forex trading is still allowed under certain conditions

Ban on using credit cards to fund or withdraw deposits in foreign currency

Ban on using a domestic banking account to fund overseas transactions

Inability to withdraw proceeds from online forex trading entities to your account

Various anti-terrorism laws that curb forex transactions

I don’t know if in some of these countries Forex is restricted or not - you can do further research about a particular country when needed.



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