Then you clearly can't read either, since I provided a very detailed explanation as to why you can't get around trader nationality rules by creating an entity, including my personal experience with a C Corp account at a US broker which was your exact question! And very explicitly stated that regardless of your intentions brokers couldn't do what you want because it would expose them to abuse. Reread what I wrote, maybe in an hour when you've settle down and you can actually read the entire thing without flying off the handle.
Can't open trading account for single member LLC (foreign)
- Thread starter otctrade
- Start date
You make more money working out of a thai massage parlor than trading 5 shares a day.
No I ended up just going with a personal account (not with the brokers i mentioned in my original post). You have to either get a US resident partner in the LLC or do a C Corp but then you have a second set of taxes to file and pay. I liked the LLC idea because it's a flow-through entity so you only pay taxes in your home country.
Ib is VERY bad for penny stocks (otc markets)
They do not allow you to trade 90% of the shares
They impose restrictive price caps for buy or sell stocks
Has anyone tried Fidelity for opening up a LLC account owned by a non-US person?