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Offshore for US Citizens
v
Obecné
May 12, 2012 at 19:35
I guess the debate here is whether or not you are going to use a broker who "doesn't care" if they can't verify the owner. The problem with that is you have brokers like MF Global.......White Swan Group.....and the myriad of other Scams who can and sometimes do close up and disappear with your funds.We trade at MIG Bank.The offshore IBC/Trust setups will not work there. However MIG Bank is a Bank. Your initial deposits are protected by the Swiss Government. The execution is amazing. The liquidity feeds are amazing. I've yet to see a "price spike" (and I stare at...
Offshore for US Citizens
v
Obecné
May 12, 2012 at 15:39
Correct. Most legitimate brokers are now wanting to know "who the owner is" and if you don't give it to them....you don't get an account.Don't fall prey to 'scam' brokers.Instead, write a letter to your government asking why you have no freedom..
Offshore for US Citizens
v
Obecné
May 07, 2012 at 06:10
Thanks for the replies, no direspect has been taken.There are a few work arounds that I've found that have worked, but I was under the impression that the IBC routine had gone the way of the dinosaur.I'll look more into your sovereigngroup link.
Offshore for US Citizens
v
Obecné
May 04, 2012 at 07:35
IBC's will no longer work as of late last year. I confirmed this with the legal team at my broker of choice.Basically they find out who the owner is and where they are banking and you will not get into a Forex broker using an offshore corp. They will find out you are a US resident.Again note I said "resident" and not "citizen".
a decent broker with instant execution
v
Obecné
May 03, 2012 at 06:43
500:1 leverage makes me cringe. ;(
Offshore for US Citizens
v
Obecné
May 03, 2012 at 06:43
There are still work arounds. The Dodd Frank mentions "residences" not "citizenship".I'm not willing to discuss it publicly, for fear of Big Brother, clamping down even tighter on the freedom of the American people.
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