6 countries where forex trading is restricted 

Image Credit: Google 26/07/2024

Forex trading is allowed in many prosperous countries of the world.

[{"selector":"#anim-4ad4ea2e-1a4f-4685-90a4-8322f51e0c6e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-18ed0c40-34bc-4ea9-8558-2614403b5bf0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

But there are still many countries where forex trading is not allowed.

[{"selector":"#anim-1845fa14-5385-4b18-8c1a-a58b64eaff5b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.984186637668692%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6665b3ca-04c4-489f-aad0-db4b928a9e85","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

And where it is allowed, some strict laws have to be followed.

[{"selector":"#anim-946f0366-9a69-4705-b885-189610dfb1eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.839938768564626%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d067d26b-37d3-4b25-bdd1-622cccd49440","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

Forex trading is allowed in the countries whose names we have given below, but with restrictions from the central governments.

[{"selector":"#anim-e5c6b818-1c40-419c-a2bd-72b204ec60b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fd6b2e3f-5fee-4edf-9c09-edde89bb02c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

1. China 2. Nigeria 3. South Africa 4. Russia 5. Ukraine 6. Egypt

[{"selector":"#anim-065f5fc1-8734-4158-98cc-6c2807158fb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e275d722-82ef-46d0-a7eb-08b7d6c09586","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

These countries impose limits on the amount that can be transferred to the broker for trading.

[{"selector":"#anim-079a967a-82e5-41d1-b4ff-b56198234100 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b7b4dc3b-0aff-48e8-bf25-c7921417099a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

How much amount of foreign currency can be kept in the domestic account, and how the foreign currency is used for trading purposes.

[{"selector":"#anim-ac303a75-311f-4742-81c2-c679068dbfa5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5a3f8f90-7bf4-4f8c-8f64-a340e2f014d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

All these restrictions in these countries can also be due to anti-money laundering laws.

[{"selector":"#anim-bd852629-0149-4572-a7d8-7ce967f53f4d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5f53bc32-bf27-4944-bfb5-2f16c48ed78e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit: Google

This trader from Uzbekistan made $19,000,000 in 2 years

[{"selector":"#anim-d6194f5b-6ae8-47e9-81db-47e2b59e0e13","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87932906-05c7-4182-9d11-cbbc5c69a4c4","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee161e68-544d-4a20-8782-6fbb585b4108","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79b9d297-52be-498f-8fa9-74abfe42137d","keyframes":{"transform":["translate3d(-121.95122%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16162a82-445b-4e75-a425-8f94fb0c722e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77ea1d67-cccd-47c0-ac81-c1b593f91dc5","keyframes":{"transform":["translate3d(-114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-576b66c4-28e4-4d1c-8c25-b868dd9a2761","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-133e0731-fe80-4508-a78d-eb97b6cacb29","keyframes":{"transform":["translate3d(122.02797%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]