What exchanges allow you to trade derivatives even though it ban in your country

[andrewtuk]

Hi Everyone

I am based in the UK and a lot of trading exchanges are no allowing be to trade with derivatives, which exchange allow traders from the UK/USA to trade derivatives?

Or would I have register as a company ? would that allow me to trade derivatives?

Thank you
Andrew

[1715565701]

1715565701

[Oshosondy]

This is the first time that I noticed that citizens from UK can not also trade in the derivative market. If exchanges like Binance do not allow you to trade derivative, that means it is not allowed in your country and you should not trade it.

Derivative trading is also possible on decentralized exchanges like Pancakeswap and many of other decentralized exchanges like that.

[Hamza2424]

If one exchange is restricted from offering its services in your area, it's highly unlikely that any other exchange would step in to provide those services, even if the restrictions change.

I would recommend you go with the decentralized derivatives for trading in your region but it's not recommended if its Ban and still you want to proceed it will be called an illegal act and I don't want to provide any sort of assistance haha even though I'm telling you about the decentralized platforms haha it quite funny right but this information is for the educational perpouse only.

[ZAINmalik75]

If one exchange is restricted from offering its services in your area, it's highly unlikely that any other exchange would step in to provide those services, even if the restrictions change.

That's not the case, only those platforms will not provide or will not be allowed to provide their services if they do not follow the rules and regulations provided by the country. And those who will follow can work fully in that country. I hope you understand my point here. For example, Binance is not allowed to perform functions in the UK, but many other exchanges work there, and they can provide all of their services because they comply with their rules and regulations.

I would recommend you go with the decentralized derivatives for trading in your region but it's not recommended if its Ban and still you want to proceed it will be called an illegal act and I don't want to provide any sort of assistance haha even though I'm telling you about the decentralized platforms haha it quite funny right but this information is for the educational perpouse only.

That's good that you mentioned at the last and gave a disclaimer, As it would be good for the OP to understand the sensitivity of the matter. I hope OP will find some good platform to perform derivative trading from the following link:
https://investingreviews.co.uk/guides/best-trading-platforms-uk

[armanda90]

Seems in United State have own Binance exchange with domin US and difference with Binance global exchange, I think still operation with Binance allowed only for United State citizen but there have fewest coins listing than Binance global. Right now have many dapp exchange and looks not worry when Cex exchange have banned in your country because available for trading trough dapp exchange and convert to fiat or withdrawing to be cash trough several convert trusted service place.

Many decentralized exchanges are supported for trading or swap coins there from Uniswap, Pancakeswap and right now many new network launching their dapp exchange for swapping coins. You can trade coins trough swap and not matter although CEX exchange banned or restricted there.

[mk4]

You use the non-custodial a.k.a. 'DEX' platforms. e.g. dYdX, Synthetix/Lyra, GMX, MUX, Mango Markets — the list goes on and on. If the case is that they ban your country IP, simply use a decent VPN, and that's pretty much it. The only reason to use custodial exchanges today is if you have high amounts of capital that requires a lot of liquidity.

[Hamza2424]

If one exchange is restricted from offering its services in your area, it's highly unlikely that any other exchange would step in to provide those services, even if the restrictions change.

That's not the case, only those platforms will not provide or will not be allowed to provide their services if they do not follow the rules and regulations provided by the country. And those who will follow can work fully in that country. I hope you understand my point here. For example, Binance is not allowed to perform functions in the UK, but many other exchanges work there, and they can provide all of their services because they comply with their rules and regulations.

I think you do not realize the context of the discussion after reading the full post I think everyone should be able but, but I could be wrong as delivering a complete message sometimes becomes too hard due to the limitation of words. Still, I want to clarify I'm not getting specific with the platform I'm getting specific with the policy if the government imposes a policy on BAN trading there will be no official way even to trade. As far it comes to the UK they've changed most of their policies for the crypto market.

I was able to quote the Bybit and Binance case here but I tried to answer in a general way as my post was regarding providing information in the specific times when government/state Bans. What type of alternatives are possible..

Thanks for the appreciation for the Caution! as you can say its my style

[MusaMohamed]

I am based in the UK and a lot of trading exchanges are no allowing be to trade with derivatives, which exchange allow traders from the UK/USA to trade derivatives?

Or would I have register as a company ? would that allow me to trade derivatives?

I don't understand your question.

If an exchange has their policy to block people from a country, like your country, to use their exchange and services, how do that exchange allows you to use their derivative trading which is one of their products?

I don't see policy from exchanges that block an individual user but allow corporate account (register as a company) to use their services.

You can spend time to find exchanges that allows UK users from the list of Top Cryptocurrency derivative exchanges

You can simply visit their FAQ or Terms of Services and search with restricted areas or your nation name.

[noorman0]

I've heard recently that regulations for crypto services in the UK are getting tighter, although apparently you can access them with other "user agreements". I think you will slowly have fewer centralized exchange options that you can legally use without worry.

Decentralized exchanges are also fine, but you are basically dealing with them without any clear legal protection.

[Beerwizzard]

You can try to find a licensed forex broker that have crypto pairs. But if most of popular exchanges are unavailable then my advice is to use decentralized derivatives. For instance, GMX.io or ApoloX are decent exchanges with a good history and the worst thing that may happen is that you need a VPN to access the site if it gets banned.

[joniboini]

For instance, GMX.io or ApoloX are decent exchanges with a good history and the worst thing that may happen is that you need a VPN to access the site if it gets banned.

I checked ApoloX and it seems they already have a list of banned countries. I don't think you can call them decentralized, especially if you're from the US. Not to mention the recent case of some 'decentralized services' that were fined by the SEC. On the other hand, I don't see the UK on the list so it can be an option. I'd suggest looking for a better platform or more decentralized service since the law can easily change in the future.

[Beerwizzard]

For instance, GMX.io or ApoloX are decent exchanges with a good history and the worst thing that may happen is that you need a VPN to access the site if it gets banned.

I checked ApoloX and it seems they already have a list of banned countries. I don't think you can call them decentralized, especially if you're from the US. Not to mention the recent case of some 'decentralized services' that were fined by the SEC. On the other hand, I don't see the UK on the list so it can be an option. I'd suggest looking for a better platform or more decentralized service since the law can easily change in the future.

I've just found that ApoloX is actually a hybrid exchange (personally, I had more experience with GMX and dydx exchanges). But anyway, the website is only the interface and its administrator can set their own regional restrictions.
In such cases you can:
1. Interact to smart contract directly if you have particular tech skills.
2. Just turn on the VPN.

No one will freeze your funds on DEX due to regional restrictions so it should be safe no matter how you access the exchange. The only potential issue that in case the exchange gets hacked it may be harder to get legal support, but I'll assume this would not happen.

[Dunamisx]

I am based in the UK and a lot of trading exchanges are no allowing be to trade with derivatives, which exchange allow traders from the UK/USA to trade derivatives?

Of all trades why derivative, are you that a chronic gambler that likes taking risk to that extent, am not saying derivative trade is gambling but i think if your country or exchange you're using is not supporting these then you don't have to go by the way of being outlawed to do so, maybe only few low reputed exchanges will allow that but at your own risk if caught.

Or would I have register as a company ? would that allow me to trade derivatives?

Maybe you can try out any at your own risk, are you going to create an exchange to also do this, maybe you should consider the demand and cost,  or you're going to make use of an exchange outside the country where such is not allowed.

[joniboini]

In such cases you can:
1. Interact to smart contract directly if you have particular tech skills.
2. Just turn on the VPN.

No one will freeze your funds on DEX due to regional restrictions so it should be safe no matter how you access the exchange. The only potential issue that in case the exchange gets hacked it may be harder to get legal support, but I'll assume this would not happen.

Are you sure that's a wise choice? If you use a service that explicitly states you can't use it if you live in the US or somewhere else, using a VPN is likely going to get you a ban. I've seen many cases where people lost their accounts without having a chance to withdraw their money when they used a VPN. Sure, you can use a good VPN that masks your IP with a dedicated IP, but the risk is still there.

I'm also not sure about the guarantee that no DEX is going to freeze your account. At the very least I don't trust any service that call themselves DEX just because they use smart contract, especially if you live in the US. The SEC fined some services as mentioned above because they believe those DEX services still need to follow regulations. Whether you agree or not, you still have that risk. Better to be safe than sorry.

[hd49728]

Are you sure that's a wise choice? If you use a service that explicitly states you can't use it if you live in the US or somewhere else, using a VPN is likely going to get you a ban. I've seen many cases where people lost their accounts without having a chance to withdraw their money when they used a VPN. Sure, you can use a good VPN that masks your IP with a dedicated IP, but the risk is still there.

People only want to think ways to break rules of a service and they don't want to consider risk. They can find other alternative platforms that have friendly rules for them and they can use those alternatives safely without ToS violations.

I'm also not sure about the guarantee that no DEX is going to freeze your account. At the very least I don't trust any service that call themselves DEX just because they use smart contract, especially if you live in the US. The SEC fined some services as mentioned above because they believe those DEX services still need to follow regulations. Whether you agree or not, you still have that risk. Better to be safe than sorry.

Using a DEX include many types of services like trading, staking and risk depends on type of activity. If it is staking, a user has to lock their coins in a staking pool that is owned by a DEX. Risk can appear there and that DEX can seize your staked coins.

[Potato Chips]

Or would I have register as a company ? would that allow me to trade derivatives?

I did hear the restriction is for individual users but both countries can be very strict hence it's not strange for exchanges to go with the easy route of just blocking access of such service or feature for every resident so most established exchanges probably won't be offering derivatives even for business/institutional accounts. In other words, limited choices especially in US where US-okay platforms are already limited-- not counting obscure ones.

In addition, from what I've seen, [established] exchanges often expect business/institutional accounts to trade a high amount of volume and they may ask corresponding documents. You'll know for sure when you ask your picked exchange.

I'd probably place this approach at the last of my list.

[joniboini]

Using a DEX include many types of services like trading, staking and risk depends on type of activity. If it is staking, a user has to lock their coins in a staking pool that is owned by a DEX. Risk can appear there and that DEX can seize your staked coins.

I agree. Even if you use a "DEX" to trade and never stake any tokens or coins, you still can't remove the risk that a service will be banned or stop operating because a government fines them or classifies them as an entity that manages financial activity. People should be aware of risks like that instead of gambling the chance that they won't get caught because they use a good VPN. VPN and other tools can help you increase your privacy, but not remove the risk that comes from using a centralized service even if you name them as DEX.