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Based in Exeter - working across prop trading firms worldwide

Glossary · Compliance

Restricted countries

  • Also called
  • prohibited countries
  • excluded jurisdictions
  • geo-blocking

What it means

In a prop firm, the restricted list is driven by several sources at once: sanctions lists, local regulation of trading-related products, the payment processor's own exclusions and the trading platform vendor's licensing terms. A country can be restricted for any one of these reasons.

The list needs to be enforced at checkout (billing country, IP and geo checks) and again at KYC, and kept in one place so that the website, checkout and terms always agree.

Lists change when sanctions, regulation or vendor terms change, so they need an owner and a review date.

Related terms

Read these next.

Compliance

KYC

KYC (know your customer) is the identity verification a prop firm runs on traders, usually ID document, liveness and address checks, most often before the first payout.
Compliance

AML

AML (anti-money laundering) covers the checks and controls that stop a business being used to move illicit funds, including sanctions screening and source-of-funds review.
Running the business

Payment processor

A payment processor moves card and other payments between a prop firm's checkout, the card networks and the acquiring bank that settles funds to the firm.
Platforms

Trading platform

A trading platform is the software traders use to place orders and see positions; for a prop firm, it also supplies the account data the risk engine and dashboard rely on.
The website

FAQ center

A prop firm FAQ center is the searchable help section that answers trader questions on rules, payouts, platforms, KYC and payments before they reach support.

On your website

Where this shows up on a prop firm site.

Feature

Trust center

One place for the facts a cautious trader checks: the legal entity, address, people, policies, restricted countries and how payouts work.
Tool

Prop Firm Disclaimer Generator

Draft the simulated-trading and risk disclaimer every prop firm page needs, for your lawyer to review.
Guide

Restricted Countries: How Prop Firms Decide

How prop firms build a restricted-countries list from OFAC, UK and EU sanctions, FATF and provider terms, and enforce it on the website.

Looking for a prop firm to trade with, not a website? Compare firms on PropFirmPal, the comparison site our founder owns.Go to PropFirmPal →

All glossary termsGuides

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