For example, can a US based LLC create a UK account and trade UK derivatives products that regular US based retail traders cannot? Are there any major regulatory differences between business and individual accounts?
Can LLCs trade with less restrictions than individuals?
- Thread starter BinaryAlgorithm
- Start date
I contacted Fidelity recently and asked if a US corporation owned by an EU citizen could open an account at Fidelity. Unfortunately, I didn't get a clear answer.
those customer reps that can answer a question like that wouldn't be a customer rep
Why do you numbnuts assume you CAN'T do something rather than you can. Just fucking assume you can within reasonable bounds. Let their systems catch you otherwise.
I was going to answer the question the same way but more politely. Then I realized more politely required too much effort .
Last edited:
It is beyond the pay scale of the rep to answer this kind of question.
The issue is not that the Rep can't answer the question but that he doesn't know who to ask to get the correct answer.However, this you have plenty of time and energy for:
However, this you have plenty of time and energy for:
Look man, I know you're from the EU where the government is your mom and dad but over here, we don't enact cookie laws.
The first question you need to ask is if any UK (or US for that matter) broker will accept a shell LLC without a personal guarantee from you (hint, they won't). At the point you provide the guarantee, you run into the same issues you were trying to avoid. And you are familiar with the myriad filing and tax laws covering not just a corporation with foreign operations but a trading corporation? They're not insurmountable but they're not nothing either. If you're doing this because you legitimately can't accomplish something like business hedging any other way then it may be worth pursuing. If it's a "grass is greener..." logic play then probably not worth it.