What's so difficult to understand...
Companies inside U.S. law can not do it whereas companies outside of U.S. jurisdiction can do it.
wrbtrader
I listed several brokers who are in the US, registered with US regulators and solicit US clients and allow withdrawals to PayPal. You are welcome to go to the broker websites to check for yourself. There is no US law that prohibits this.
The exact wording by CFTC is as follows:
"Money due to be paid out to customers by brokers must be kept in qualified US institutions or money centre countries". Hence the US entity of PayPal can accept withdrawals from any brokers that are licensed in the US. Clear and simple.
Did you list Forex companies ?
They can just about do anything regardless to any laws anywhere...including in China.
wrbtrader
Yes I listed fx firms.they are heavily regulated under US law and the CFTC. We talk about the US. Not China. For the purpose of withdrawals CFTC makes no difference whether the broker specializes in currencies or stocks or futures. Look it up. It's publicly available information.
In fact leveraged fx trading is still allowed in the US, just leverage levels are much lower than previously and as a consequence many fx brokers exited the US. That IB does not permit leveraged fx trading for US clients with accounts less than 10mln is ALSO a company specific decision, not a law or regulation.
Keep in mind this is volpunter aka asiaprop aka Grulstmrnn aka who knows what else. He's a professional troll, as you can see from the chain here. The only thing to do with him really is get him fired up to the point he gets himself banned.....again. The guy's got some serious issues, to put it mildly.I'm a little confused...
You saying that IB allows transfer to/from PayPal ???
wrbtrader
I'm a little confused...
You saying that IB allows transfer to/from PayPal ???
Maybe you guys are debating about the reason why such is allowed or not allowed ???
wrbtrader
Listen, you were the one who provided a list of "examples" that were not in the same business or regulatory environment as IB to make a point about the regulatory environment of IB. Pointing that out is the opposite of "obfuscating"!
The anti-money laundering laws in the U.S. put the onus on the broker to know their customer and ensure that money laundering laws aren't broken. As a result, any reputable broker puts pretty stringent rules into place to ensure that the account's they're getting money from and sending money too have gone through the appropriate level of vetting to ensure that the account owner is who they say they are. Most of them deem non-bank entities to not meet that standard. You seem to think there is a single AML law out there that says "Thou shalt follow these exact steps.." which isn't the case. In general, they say "Thou shalt not allow your institution to be used for money laundering or else it's going to be very very painful for you".
As far as the ad hominem attacks, seriously, get a life, you with the 5 or 6 previously banned accounts here on ET.