I did specify the american address for the entity (That is actually where their mailed reply went to) but each member also has to specify their own address.
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Can't open trading account for single member LLC (foreign)
- Thread starter otctrade
- Start date
I did specify the american address for the entity (That is actually where their mailed reply went to) but each member also has to specify their own address.
Try to apply as individual. See if it makes a difference:I did specify the american address for the entity (That is actually where their mailed reply went to) but each member also has to specify their own address.
https://start.tdameritrade.com/open
What you need:
- Social Security Number or ITIN
- Foreign tax ID, passport, or visa number (if you're not a U.S. citizen or permanent resident)
- Your employer's name, address, and phone number
I just tried again with a sample ITIN # and this is what it comes up with:
Could be EU related. I've seen posts on other forums where Swiss residents have an account.
We can’t open your account at this time.
Based on the information you provided, you’re not eligible to open a TD Ameritrade account. If you have any questions or would like to speak to a New Client Consultant, call us at 800-454-9272.
Could be EU related. I've seen posts on other forums where Swiss residents have an account.
Listen, this simply isn't going to work. While the brokers and lawmakers might not always seem like the brightest folks, they're not so idiotic that they would write laws and build compliance procedures that any jackass could circumvent with a $100 Delaware LLC or C Corp. I'm sure you think yourself immensely clever....you're not. Any strategies that depends on you being significantly smarter than hundreds of market professionals...and the attempts you're making implicitly make that assumption...are simply not viable.i think a C-corp is the only way to go?
Anyone has experience with it?
On a more concrete level, no broker is going to accept a non-person entity for an account without a guarantee from an actual person. If they didn't insist on that they'd have thousands of accounts open to make YOLO trades until they make millions or cost the broker millions that they'll never recover because the entity can simply declare bankruptcy, as one example of the many things that could go wrong with that approach. No matter if that's your intention or not, there's no free lunch by creating a corporate entity which is really just you, with the idea that you're so clever no one will question it and you'll get around all the restrictions that prevent you from opening and account. Just give it up already, and count yourself lucky because the hubris you're displaying here doesn't translate well to trading successfully.
And yes, I have a C Corp with a brokerage account (that I use to do actual foreign exchange transactions between my US corp and a foreign subsidiary). Even though it's a well established corporation with significant sales and profits I still had to provide all the information on major shareholders so show I was a US citizen and additionally had to show my books to avoid providing a personal guarantee. So I've "tried this" to the extent I know WTF I'm talking about with respect to opening a brokerage account for a corporation.
Providing the correct answer to your question, coming from someone who's actually done what you're asking about, would seem to be a pretty damn significant contribution to any reasonable person. It's amazing how you not only rejected the correct answer simply because you don't like it, but did so quite violently. Again, not a characteristic that leads to successful trading, or any success at all in life for that matter!If you can't contribute anything then get the fuck lost