Research

A website you can open is not an account you may hold

Being able to load a broker’s homepage does not mean you may open the account, trade the product, or receive a payout. Eligibility is a rule of the entity and of the place you live.

Diagram for A website you can open is not an account you may hold
Editorial diagram for this note. It is not a data release and it does not plot a market price.

platform1 min readmulti asset

Key points

  • Website access, marketing permission and account eligibility are three different tests.
  • A product can be listed for one entity and blocked for another, including inside one brand.
  • Where WiT Markets has not verified a country, the honest status is not verified. That is not a yes.

What is going on

Firms restrict accounts by residence, by nationality, by the entity that would hold the account, and by the product. A stock may be offered, while a listed option, a future or a contract for difference is not. An evaluation programme for proprietary trading can accept an entry fee from a country and still decline a funded account, or decline a payout, under a separate rule. Event-contract venues add a further layer: the contract’s own rules, the resolution source, and a geographic block that can change.

Why it matters

Research that copies a “countries served” paragraph from a footer will overstate access. The comparison that matters is the account you would actually be offered. Simulated evaluation accounts and live brokerage accounts do not become the same thing because the marketing uses one brand. A restriction that is absent from a note is an unknown, not a permission.

What to watch

For any provider, separate four lines: who may apply, which entity would contract, which products that entity may offer that person, and which cash movements are allowed. For event contracts, add how the contract resolves and what happens if the resolution source is ambiguous. For evaluation programmes, add the fee, the drawdown rule and the payout rule, and use the calculators only with figures you have read yourself.

Risks

Rules change, and a reseller’s summary is not the agreement. Paying an evaluation fee does not create a right to a funded account or to a payout. This page does not list countries as eligible.

Related

Sources and review

Written by: WiT Markets Editorial. Writes and structures WiT Markets pages. Separates a sourced fact from a cell that is Not confirmed.

Review: Editorially reviewed. This is not a qualified specialist review and it is not a legal sign-off.

Last reviewed: . Next review due . The date is an editorial pass. It is not a live check of every third-party fee.

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Eligibility is not a website | WiT Markets