I don't know anything about trading in Canada, I would assume that as long as you pay the big banks their commission you can do anything.
And yes, you should be able to do business as a citizen otherwise what's the point. Don't fuck it up though.
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AMP Global Application Requirements
- Thread starter gambleditall
- Start date
I don't know anything about trading in Canada, I would assume that as long as you pay the big banks their commission you can do anything.
And yes, you should be able to do business as a citizen otherwise what's the point. Don't fuck it up though.
Try www.interactivebrokers.com canada branch for futures trading.
You've entirely ignored the geopolitical situation you face. You sounds like you want to be angry at some perceived injustice than actually realizing the legal and geopolitical forces involved. Get a lawyer or go get a broker at one of your other citizenships. Can't find one? That sucks. Thems the breaks. You need legal counsel from an actual immigration lawyer to figure out what lines you can't cross.
Do you want to be angry or do you want to solve a problem? Stop trying to have your cake and eat it too. AMP is operating under the rule of law in the country they reside in. Get over yourself. You're a very tiny fish in their very, very, very large pond. Ask the lawyer "I wish to trade with a US country but possess citizenships sanctioned by the US government" and see what they say. Your 200 dollars will be well spent.
Guy is trying to have his cake and eat it too. Continuing to hold citizenship with a sanctioned country and trying to do business in the country doing the sanctioning is pure idiocy. No reason to post more. If he cares he can get an immigration lawyer. He doesn't even recognize the geopolitical forces involved thinking living in a country with multiple citizenships (of which one or more is from a country under sanctions) isn't a problem. It sounds like he's more interested in righteous indignation than solving the (very real) problem he faces.
Tonnes of comments here, I do not where to start, OK:
1- No, the geopolitical situation would not be affected because @AMP_Global opens a trading account with 5,000 USD for a refugee claimant honestly living in Canada. Am I angry? no, I am disappointed, because I also believe in what @AMP_Global stands for:
"Yes, AMP is a brokerage. We are in the business of servicing as many customers as we earn.
We have structured our business to be able to support ALL customer levels, from beginners to professional traders, from account balances as low as $100 and up, from just demo trading to high volume trading.................
We strive to be the preferred futures broker for all traders, regardless of your trading volume, account balance, experience...we are here to support you 24 hours per day to reach your trading goals.............."
I am fully aware of the geopolitical forces around the world and even more so on the ones involving my country of origin, that is one factor to be a good trader, geopolitics is a must.We have structured our business to be able to support ALL customer levels, from beginners to professional traders, from account balances as low as $100 and up, from just demo trading to high volume trading.................
We strive to be the preferred futures broker for all traders, regardless of your trading volume, account balance, experience...we are here to support you 24 hours per day to reach your trading goals.............."
Off course I want to solve my situation, I believe in the rule of law and that is why I left my country and living in one where the rule of law is the base of the society, Canada.
2.- I cannot go to a broker of my citizenship to trade E-Mini S&P 500 futures, they do not do that, remember is a chaotic country, even without sanctions from USA, it could not have a decent financial market nor proper functioning economy.
My immigration lawyer is for that, immigration, not for compliance issues in brokerage in the USA.
3.- I believe on the opportunity for everybody to make your own cake and eat it, that is why I am asking @AMP_Global to approve my application, with the inputs from them (Metatrader 5 is just GREAT! love it), ingredients from the market, my abilities and knowledge, make it mhy own cake and eat it.
4- Yes, I am very tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny fish in the pound but I am just following on what they say @AMP_Global stand for:
"Yes, AMP is a brokerage. We are in the business of servicing as many customers as we earn.
We have structured our business to be able to support ALL customer levels, from beginners to professional traders, from account balances as low as $100 and up, from just demo trading to high volume trading.................
We strive to be the preferred futures broker for all traders, regardless of your trading volume, account balance, experience...we are here to support you 24 hours per day to reach your trading goals.............."
5.- Having citizenship from a sanctioned country does not mean I am not have the right to do business, to work, to study in the country implementing the sanctions, I certainly can in Canada, other countrymen are living in the USA doing business, working, and certainly trading futures in the USA with no problem and they still have their original citizenship from the OFAC sanctioned country, is not BLACK and WHITE as you are putting it.We have structured our business to be able to support ALL customer levels, from beginners to professional traders, from account balances as low as $100 and up, from just demo trading to high volume trading.................
We strive to be the preferred futures broker for all traders, regardless of your trading volume, account balance, experience...we are here to support you 24 hours per day to reach your trading goals.............."
6.- "Ask the lawyer "I wish to trade with a US country but possess citizenships sanctioned by the US government" and see what they say. Your 200 dollars will be well spent."
I am not the sanctioned, is the tyranny and their leadership the ones sanctioned, they even buy, imports medicines and foods from the USA. The opposition have appointed representatives in Washington to have diplomat relationships with the USA and that means that the sanctions are to the cronies of the tyranny, not the whole population, sanctions are usually directed and limited on their scope, is not a general ban to everybody, it would be sanctioning the ones resisting the tyranny as well and that is not the purpose of the sanctions.
Have you ever read OFAC sanctions, White House executive orders and the geopolitical analysis from their implementations?
7.- "Continuing to hold a citizenship with a sanctioned country and trying to do business in the country doing the sanctioning is pure idiocy".
No comments on this one.
8.- "No reason to post more."
No comments on this one
9.- "If he cares he can get an immigration lawyer."
Do they solve compliance brokerage issues in the USA?
10.- "He doesn't even recognize the geopolitical forces involved thinking living in a country with multiple citizenships (of which one or more is from a country under sanctions) isn't a problem"
Who says I have multiple citizenships, why are you lying in this? what is your purpose?.
I have only one citizenship. I live in Canada, the rule of law is paramount here! thousands live here and prosper with their original citizenship and nobody rejects them from doing business because of where they come from, even from countries with sanctions, everybody deserves an opportunity and that is what I am looking for with @AMP_Global.
The problem is thinking that people from certain citizenships should not have an opportunity.
11.- "It sounds like he's more interested in righteous indignation than solving the (very real) problem he faces."
No comments.
He will encounter the same issues as an owner, director, etc.
Generally, opening a corporate account involves much more scrutiny and more AML KYC hassels than opening an individual account.
Yeap I agree with you.
Try www.interactivebrokers.com canada branch for futures trading.
Yes, they do, unfortunately, their margins requirements are out of my budget, plan, I have only 5,000 usd to start with.
Try www.interactivebrokers.com canada branch for futures trading.
In any case I will ask them about the S&P/TSX 60 minis, good tip. calling them now, and let you know about it.
No, is not black and white, have you ever read OFAC and White House executive order related to sanctioning/baning countries ?. They do not involve the whole population and every business, should compliance from @AMP_Global do more inquires from certain citizenship ?, probably, but not rejected immediately and without reasons, if the applicant comes from a certain country, the origin of the applicant should not be an automatic rejection.Big Nope zdreg.
The law is you don't do business with citizens of specified countries.
This one is black and white.
Write a letter to the President of the co. explaining your situation. Provide proof of legal residency in Canada to Amp Global. If you are just a refugee claimant you are obviously in a difficult situation but a thoughtful letter might receive a positive reply.
Yeap, it could it be a way, it is wortht to try it. Thank you for your tip, God bless you.
I agree w/ Pedro, why treat legal status as a second class status. AMP, do a little more research and give the guy a break. More than likely, his $5K will go to you as commission anyway!