Prop Firms That Don’t Accept Australians, and Why
The firms that turn Australian residents away, why each one is linked to a broker with an Australian licence, and how to check any firm's rules before you pay.
Most prop firms accept traders who live in Australia. The few that do not have something in common: each is tied to a broker group with an Australian licence. This guide lists the firms that turn Australians away, looks at why that pattern makes sense, and shows how to check any firm’s rules for yourself before you pay.
The firms that exclude Australian residents
| Firm | Linked broker | What the firm says |
|---|---|---|
| Axi Select | Axi | “The information on this website is not intended for Australian and New Zealand residents.” The programme is provided by AxiTrader LLC, registered in St Vincent and the Grenadines |
| Blueberry Funded | Blueberry Markets | Australia is on its list of countries restricted from buying an evaluation, alongside the United States |
| Blueberry Futures | Blueberry Markets | Australia is on its restricted countries list |
| ThinkCapital | ThinkMarkets | Reserves “the sole right and discretion not to provide services to residents of certain jurisdictions,” in a list that includes Australia |
Each firm’s own page was checked on 10 November 2026. Lists change, so check again on the day you buy.
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Why firms with Australian links turn Australians away
None of the four explains its reason, so what follows is our reading, not something the firms have said. Axi, Blueberry Markets and ThinkMarkets all run brokers licensed in Australia. A group that holds an Australian licence has every reason to keep a lightly regulated, offshore funded trader product away from Australian residents, because selling it to them would invite questions from ASIC about whether the product falls under the group’s Australian obligations.
Those obligations are significant. Since 29 March 2021, ASIC’s CFD product intervention order has capped retail leverage at 30:1 on major currency pairs and lower on everything else, required negative balance protection, and banned inducements to trade. ASIC is now consulting on extending that order from May 2027 to April 2031, with comments due by 16 November 2026. A funded trader challenge sold to Australians by a broker’s sister company would sit awkwardly beside rules like that.
FTMO took the opposite route. Rather than exclude Australians, it serves them through FTMO Australia, a Sydney company with its own Australian financial services licence, offering a Swing account at up to 1:30 leverage. We cover what that means for you in our guide for Australian traders.
Firms that do accept Australians
The list of prop firms open to Australians has 59 firms whose published restricted countries lists do not name Australia. Among the best known, FundedNext, The5ers, FXIFY, Topstep and TradePath Funding did not list Australia when we checked on 10 November 2026, and FTMO serves Australians through its Australian company.
How to check a firm yourself
- Find the restricted countries page. It is usually in the help centre or FAQ, under a title like “Who can join” or “Restricted countries”. If you cannot find it, search the terms and conditions for “jurisdiction” or “resident”.
- Read the website disclaimer too. ThinkCapital’s exclusion is in its footer disclaimer, not in a help article.
- Check what the firm tests. Most firms go by where you live. Topstep checks citizenship and permanent residency, so a dual citizen can be caught by either.
- Look at the checkout. A firm that excludes Australia will usually stop you at the country field or at identity checks before your first payout, which is the worst possible time to find out.
- Ask support in writing if the rules are unclear, and keep the reply.
Our country lookup tool shows which firms accept traders from each country, and each firm’s profile on Select Prop Firms lists the restricted countries we found on its site.
What not to do
- Do not use a VPN to get around a country restriction. Firms compare your IP address, documents and payment details, and a mismatch is a common reason for refusing a payout and closing the account. Our guide to prop firm VPN rules explains what firms check.
- Do not buy with someone else’s identity or address. Identity checks before the first payout will catch it, and you can lose the fee as well as the payout.
- Do not rely on a review that is months old. Restricted lists change, sometimes overnight.
If you move to or from Australia
Most firms care about where you live when you buy and when you are paid. If you move during a challenge or while funded, tell the firm before your next payout request and check whether your new country is accepted. Your tax position changes too: Australian tax residents declare worldwide income, and our prop firm income and tax guide explains how payouts are commonly treated.
Frequently Asked Questions
Which prop firms do not accept Australians?
Axi Select, Blueberry Funded, Blueberry Futures and ThinkCapital exclude Australian residents, according to their own websites on 10 November 2026. Lists change, so check on the day you buy.
Does FTMO accept Australian traders?
Yes. Australians are served by FTMO Australia, a Sydney company with an Australian financial services licence, which offers a Swing account at up to 1:30 leverage.
Can I use a VPN to join a prop firm that excludes Australia?
No. Firms compare your IP address, identity documents and payment details, and a mismatch is a common reason for refusing payouts and closing accounts.
