Restricted Countries & Service Availability

1. ShaFX content

ShaFX educational content, calculators, broker comparison data, and academy articles are intended for general informational use. We do not actively block content access by country, but we do not certify that the content is suitable for, or compliant with, the laws of every jurisdiction.

2. Partner broker availability

Each broker featured on ShaFX has its own list of restricted countries determined by its regulatory entity. Restrictions commonly apply to:

• Jurisdictions with sanctions or trade restrictions
• Countries where the broker is not licensed to offer services
• Countries where retail CFD or leveraged forex trading is prohibited
• Countries where the broker has chosen not to operate

Common restricted jurisdictions include but are not limited to: United States (for many CFD brokers), Iran, North Korea, Syria, Cuba, Crimea, certain provinces of Quebec, and countries on financial sanctions lists. The exact list varies by broker entity and changes over time.

3. ShaFX cashback eligibility

Cashback is paid only on trades made through eligible partner accounts. If a broker does not legally serve your country, ShaFX cannot pay cashback on accounts opened in that country. We cannot circumvent broker country restrictions, and we will not assist with attempts to do so.

4. Regional notices

United States

Many global CFD and forex brokers do not accept US clients. ShaFX does not market services as a US-regulated broker or registered investment adviser. US persons should consult a registered financial professional and use NFA / CFTC-regulated entities where applicable.

European Union & United Kingdom

Retail CFD trading in the EU and UK is subject to ESMA / FCA leverage caps, negative-balance protection, and standardised risk warnings. ShaFX recommends only using brokers regulated by FCA, CySEC, BaFin, or other ESMA-aligned regulators when residing in these jurisdictions.

United Arab Emirates

UAE residents should use brokers authorised by the UAE Securities and Commodities Authority (SCA), DFSA (DIFC), or FSRA (ADGM) where applicable.

Regions Without Domestic CFD Regulation

In jurisdictions where there is no domestic forex/CFD regulator, traders typically transact through internationally regulated brokers operating under offshore or third-country entities. ShaFX provides educational content for traders worldwide but does not endorse any specific broker entity for any specific country. Always verify broker licensing, deposit and withdrawal channels, and local banking and tax compliance independently before opening an account.

Saudi Arabia

The Saudi Capital Market Authority (CMA) regulates licensed entities. Use of unlicensed offshore brokers may be subject to local restrictions. Confirm broker licensing before opening an account.

5. User responsibility

You confirm, by using the Service, that:

• You are legally permitted to access ShaFX content in your jurisdiction.
• You will verify each broker's country availability and licensing before opening an account.
• You will not use the Service to circumvent broker country restrictions or local financial law.

6. Updates

This page is updated as broker policies and regulatory rules change. ShaFX disclaims any obligation to maintain a complete or current list of every restriction. Always confirm directly with the broker.