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Offshore for US Citizens

robl45
May 12 2012 at 20:54
7 posts

   Britt posted:
   

   robl45 posted:
   

   OceansideForex posted:
   Correct. Most legitimate brokers are now wanting to know 'who the owner is' and if you don't give it to them....you don't get an account.

Don't fall prey to 'scam' brokers.

Instead, write a letter to your government asking why you have no freedom..


we will never have any freedom, things get taken away, they don't get given back.

actually from what i've heard, most brokers could care less who the owner is as long as the corp is foreign as the entity is opening the account and it would be had to believe that the usa is going to coerce these companies to go through all their foreign corps to find ones that have usa owners or directors and such.

the real problem is that this comes from chatting with the brokers. I'll believe it more when i get confirmation that people have opened accounts.


I'm in the same boat as you, Rob. But supposedly an IBC is its own entity, and there's is no specific wording that says an IBC with U.S. residents as directors can't open an account with foreign brokers, from what I've gathered. I doubt that anyone who has successfully opened accounts this way will post it on a public forum.


no but people who have opened them would tell me, and so far no one has actually confirmed opening it. I think it would be safe to assume that a US person as director whether resident or not shouldn't really matter, its the shareholder that would matter for residency if the broker really cared. But if you go to the extent to get yourself a non us shareholder, then you might as well have them be the director when you open the account, no sense trying to create problems.

of course places typically won't take nominees so that option is out. the other option is just become an eligible contract participant, you only need 10 million as an individual and I believe 5 million as a hedge fund. So apparently the USA government wants us to rob banks :)

ericjuddfx (ericjuddfx)
Jul 25 2018 at 11:12
3 posts
Instead of going through hassles of opening an offshore company to trade, it's easy just to open an trading account with offshore Forex Broker and start trading in just a day.


You have Ambitions, We have Solutions | dojiforex
ffee
Jul 25 2018 at 13:38
11 posts
But is it legal for a US individual to use an offshore broker ?

Adribaasmet
Jul 26 2018 at 05:33
947 posts
ericjuddfx posted:
Instead of going through hassles of opening an offshore company to trade, it's easy just to open an trading account with offshore Forex Broker and start trading in just a day.



Why your all posts are on this broker? Have any particular reason? Waiting for your update……

Garil
Apr 18 2019 at 14:04
24 posts
You know there are lot of forex, crypto, binar options, stocks forums, not only that one. Especially some sort of international one. There should be lot of brokers as well. Some US based too, or not. But you can try to be accepted on such places, that's I will do for example.

Professional4X
Apr 19 2019 at 05:05
1189 posts
If you are a US Citizen you are better off trading with a broker that is heavily regulated within the US.

What about being 'offshore' makes you believe the trading will be better?



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Apr 19 2019 at 05:06
1189 posts
ffee posted:
But is it legal for a US individual to use an offshore broker ?


You should contact an attorney in your local area which specializes in offshore banking and investing laws.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Adribaasmet
May 29 2019 at 19:57
947 posts
Professional4X posted:
ffee posted:
But is it legal for a US individual to use an offshore broker ?


You should contact an attorney in your local area which specializes in offshore banking and investing laws.


That would be better; because we can’t provide the most relevant answer on it!

Andromaris
Jun 04 2019 at 06:23
20 posts
You really need to look in Google first I would say, then research reputation of that company to go along with it really and only then to continue to do something else with it. You should also contact your accountant along with attorney like people here advice.

Adribaasmet
Jun 29 2019 at 05:55
947 posts
Andromaris posted:
You really need to look in Google first I would say, then research reputation of that company to go along with it really and only then to continue to do something else with it. You should also contact your accountant along with attorney like people here advice.


It’s a good idea! Besides, popular review sites like FPA can be useful.

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