Margex entered the market in 2019 and grew to more than 500K users through a straightforward idea built by traders who wanted to remove inefficiencies from the trading experience. The platform runs on a no KYC setup, which naturally raises questions about where it works and where access may be limited. This guide explains Margex restricted and supported countries so users can confirm availability before signing up.

Margex Restricted & Banned Countries

In 2025, Margex continues to follow location-based rules that affect where the platform can legally operate. According to the official Terms and Conditions, Margex does not provide services in the following regions:

• United States of America
• Puerto Rico
• S. Virgin Islands
• Canada
• Hong Kong
• Seychelles
• Bermuda
• Cuba
• Crimea
• Sevastopol
• Iran
• Syria
• North Korea
• Sudan
• Afghanistan

Apart from the list of Margex prohibited countries, the exchange also restricts access in any jurisdiction embargoed by the United States of America and any other jurisdiction where the use of Margex services is illegal or violates local law. These areas face limits due to sanctions, licensing requirements, and regulatory controls that govern how leveraged platforms operate.

Which Countries Are Supported by Margex?

Margex remains accessible across many regions where derivatives platforms and no KYC trading structures are not blocked by local rules. Users across Europe, parts of Asia, Latin America, and selected areas in Africa and Oceania generally face no technical barriers when creating an account, although availability still depends on whether derivatives trading is permitted in each jurisdiction.

Since the platform operates without identity requirements, regions that allow access to offshore exchanges tend to experience smoother onboarding, but users should confirm this before depositing. Checking the Margex country checker helps avoid situations where someone begins trading only to discover later that their location conflicts with local regulations or the exchange’s operating policies.

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Does Margex Require KYC?

Margex follows a no KYC model for trading, deposits, and withdrawals, allowing users to get started without submitting identity documents. The structure appeals to people who want a fast setup or who prefer not to verify personal information before opening a position.

Even so, users should understand that no KYC does not mean unrestricted global access, because derivatives platforms must respect local laws regardless of verification policies. Some regions require licensing for leveraged products, and others block trading platforms entirely, so Margex cannot bypass those limits. The no KYC experience works best for users in supported jurisdictions who want to begin trading quickly without going through lengthy verification stages.

Can Users in Restricted Areas Use Margex with a VPN?

A VPN may let the Margex website load, which sometimes gives the impression that trading can continue normally from any location. In reality, using a VPN to appear in a supported region introduces several risks because the exchange can detect mismatched connection data, and withdrawals may fail if compliance checks do not align with a user’s real location.

Some countries also place legal obligations on residents, meaning that accessing a blocked platform can conflict with local regulations regardless of Margex’s no KYC structure. Instead of relying on a VPN, users in regions where Margex is restricted often move toward legally accessible platforms. You can review our list of no KYC exchanges if you need alternatives that follow a similar setup without running into these complications.

Is Margex Available In the US?

Margex cannot be used in the United States because of regulatory barriers. These limits cover the entire country and prevent both new and returning users from accessing core features. Anyone trying to register from the US usually runs into location based restrictions. If you need an exchange that works inside the US, BTCC offers a cleaner path since it accepts US traders. Our top exchanges in US list highlights other platforms that follow compliant standards.

Margex Alternatives

Users in restricted regions often shift toward BYDFi or Bitunix because both services let them trade without verification and still function in places where LeveX cannot operate. BYDFi suits traders who want a simple layout and quick entry into futures markets without long setup steps.

Bitunix keeps the experience familiar for anyone coming from other no-KYC platforms and offers a wide range of contracts. Choosing a platform that works across more locations helps avoid VPN troubles and gives a more dependable path for trading.

Bottom Line

For some readers, Margex will be an option. For others, it won’t load or allow account verification. If it’s allowed in your area, our Margex review can help you decide whether it matches your needs. If not, the list of exchanges best for leverage trading will give you a range of alternatives you can rely on.

FAQs

1. Why is Margex restricted in certain countries?

Restrictions usually arise from sanctions, regulatory requirements, or rules governing leveraged trading. These controls decide whether Margex can legally operate in a specific region.

2. Can I complete KYC on Margex if my country is restricted?

Margex does not require KYC, but restricted regions cannot access the platform at all, even without verification.

3. What happens if I travel to a restricted country?

Access may stop working if you enter a region where Margex is not permitted, and trading or withdrawals may be blocked until you return to a supported jurisdiction.

4. Can I withdraw funds without verification?

Yes, Margex allows withdrawals without KYC, but only for users located in supported regions where access to the platform is legally allowed.