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Sokin vs xpate: what each publishes

As of October 17, 2026, xpate takes these industries by its own published rules: iGaming, with conditions; AI and SaaS, with conditions; Forex and CFD, with conditions; Marketplace, with conditions. We hold no such rule from Sokin.

SokinFCAxpateFCA / Latvijas Banka

Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.

Where it takes companies from

Sokin

Its own list of countries, quoted below with its source and date

xpate

  • United Kingdom
  • EU / EEA (western & northern, plus Spain, Italy, Portugal)
  • EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
  • Switzerland / Liechtenstein
  • United Arab Emirates
  • United States
  • Developed Asia-Pacific
  • CIS / Central Asia / Caucasus
  • Latin America
  • Middle East & North Africa
  • Africa
  • Jersey, Guernsey, Isle of Man, Gibraltar
  • Other offshore centres
  • Other

The regions its own documents name, read on October 16, 2026

Policy by industry

Sokin and xpate: published policy by industry
IndustrySokinxpate
iGamingDepends on the activityWith conditions
AI and SaaSNo published ruleWith conditions
Forex and CFDNo published ruleWith conditions
MarketplaceNo published ruleWith conditions
CryptoNo published ruleDepends on the activity
Unlicensed financial servicesNoRule for some countries only
AdultNo published ruleNo published rule

Where owners must live

Sokin

No published rule

xpate

Where it is a registered entity (in any form, e.g. Limited Company), the Customer will have and maintain at least 1 (one) director domiciled in the country of the Customer's incorporation and registered address

Owners and directors · · Source

Rules about countries

Sokin

If your company is legally registered in one of the below countries, you are eligible to apply for a Sokin account.

Sokin · Takes companies registered in · · Source
All countries named (206)

Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Chad, Chile, China, Colombia, Comoros, Congo-Brazzaville, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Eswatini, Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guyana, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Niue, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Spain, St Barthélemy, St Helena, St Kitts & Nevis, St Lucia, St Martin, St Pierre & Miquelon, St Vincent & the Grenadines, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Virgin Islands, Uganda, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Zambia

xpate

No published rule

Fees

Sokin

Sokin: published fees
PlanAccount openingMonthlyChecked
Business accountFree (no set-up fee)No monthly account fee; GBP 1.00 per UK domestic payment; EUR 1.00 per SEPA Instant payment · Source

xpate

No fee we could verify

Closing an account

Sokin

12.1. We may terminate your Sokin Account or any Payment Services associated with it by giving you one (1) months’ notice at any time for any reason.

Notice before closing · · Source

Account closed or frozen? What Sokin’s terms say

xpate

12.7. XPATE may end this Agreement and close the Customer’s XPATE Account. XPATE may end this Agreement and terminate the Customer’s XPATE Account or any Services by giving two months prior notice, where required.

Notice before closing · · Source

Account closed or frozen? What xpate’s terms say

Licence

LicenseeSokinxpate
LicenseePlata Capital UK Limited (trading as Sokin) · electronic money institution authorised by the FCA (FRN 1029250) · UK accounts provided by Modulr FS Limited · electronic money institution authorised by the FCA (FRN 900573) · Plata Capital Europe AS · electronic money institution authorised by Finanstilsynet, Norwayxpate Ltd · electronic money institution authorised by the FCA (FRN 901021) · xpate SIA · electronic money institution licensed by Latvijas Banka (licence No. 27-55/2023/7)
RegulatorFCA · FCA / Latvijas Banka ·