Broker Won't Accept USA Citizens!

HerbertMarshall
HerbertMarshall Posts: 1 ✭
in Brokers
Ok I'm with a licensed USA broker,but I noticed a UK broker licensed(FCA) has hundreds of more products to trade(EXT in London)but does not accept USA clients.Are there any loopholes I can jump throug.How do I trade with these guys?What are my options?If any?
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  • dear123
    dear123 Posts: 83 ✭
    US traders are not accepted by many offshore brokers due to US legislation which also restricts US traders from trading outside US, however UK citizens have the freedom to choose any offshore broker.
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  • dausman
    dausman Posts: 6 ✭
    @HerbertMarshall You might be able to rent a VPS that is based in the UK and do all of your trading through it, as long as you can still use a US bank account.
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  • dausman
    dausman Posts: 6 ✭
    @HerbertMarshall I take that back, I think you might have to show the broker some ID and proof of residence, so I don't know a good loophole then.
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