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You can register an offshore company and open an account at non-US broker using that company. It seems a legal way to do it but you should consult a lawyer before doing that. Of course, it will cost you more than $300 or $400 - something close to $5,000, I believe.
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For US based traders it is better to trade with the Brokers that are located in the USA to be able to comply with the requirements. |
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There is no possible way that you can access and offshore account if you are a citizen of the United States. Even if you are not a citizen of the USA but reside in the US. Then you are stuck here with US Regulations.
It's the American Dream. HA. There is one way around the Dodd Frank bill and that takes a lot of money in net assets. You have to have more then $10 Million in net assets and you can file a ECP with your broker. Which allows you to have access 400:1 UK account. etc. Which makes trading small amounts of money very easy. Other then that. If you are here in the US you are stuck with 50:1 leverage and no hedging unless you are trading with CitiFX since they are considered to be a bank and can offer hedging. Banks are not controlled by the CFTC. |
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