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Yes. Where I live now( Spain), you pay less taxes if you are incorporated than if you are an autonomo( independent ) in your own name. I am a member of NYMEX so I pay pro fees no matter what.

Quick update : Finally found a bank here. Got formally rejected by one, 3 others said they weren't interested just after explaining my activity and one other should have worked. So here is the state of the banking world, I lost 1 month just finding a bank that would accept to make...

Out @ -0.4349. Bad trade. The unusual discount continues...

Dude, we are P§L bros... Exactly the same number 74%, except I trade futures. Calculated it yesterday.

No red flag. I am a EU citizen. I also have a local asesoramiento doing the stuff, but when it goes to compliance, it seems they don't even understand what I do. I feel like Maverick is right on point. But well... it's just one bank...We will see.

Yes, that's actually sometimes trickier than creating the brokerage account, because the commercial account won't generate much revenues for the bankers and can potentially create them a lot of compliance problems with money flowing from all over the world.

Sometimes that thing gets tough with the new regulations... 5 years ago, when I moved to Switzerland, I needed an account to create my LLC and start trading. I called one of the most famous bank and said I wanted a corporate account : "Great! What are you doing?" " I am trading commodities "...

In pure seasonals yes, but the shape of the curve on the front months as well as the historical level doesn't look appealing.

Out @ -0.1662. Good trade.

I reside in the EU now, but trade US markets, so I will trade solely through US FCMs. In the past, I traded with UK brokers. There were some incentive trading with them : No personal guarantee when you are incorporated, FCA regulated and a few others linked to exchange programs. But some...

Too much uncertainty around Brexit. I personnally avoid british FCMs from now on...Just my personal views. https://www.reuters.com/article/uk-britain-eu-city-insight/brexit-britains-financial-sector-faces-slow-puncture-idUSKBN1OA1SN

Madoff trustee fund recoveries https://www.bloomberg.com/graphics/2018-recovering-madoff-money/

Actually I rechecked and it didn't went positive. I went long on Nov 20th. You thought I was in for much longer I guess.

Definitely. My target was a bit too far...And then it retraced...But when we are at extreme prices, you always hope it may go back to normal, even unconsciously, that is why when it went underwater, I was still holding...

Out@-15. Shitty trade.

Went long a RB H/J/K butterfly @ -0.1821. - H/J jump to summer spec is large historically, but J/K seems normal. - Seasonals

Out @ -6.7. Ouch.

Out @ -0.0012. Didn't work.

Out @ 2.8. Also a good trade.

Beware if you have more than say 20 lots... Better close tomorrow instead of the last day before FND...It can go wild on oats ...Even if you are short, you can have 10-20 ticks spreads on thursday and chase an exit.