Are you required to have a Forex Broker based in the US in order to create a S Crop for your trading business?
US based traders
- Thread starter leov1018trader
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might be best to call nfa themselves.....
i've called nfa several times and they have called me as many.....
you can count on them using the exact same phrase, ' we strongly advise against using non nfa members'...... i've asked them point blank if there is a law prohibiting it, their answer was no, quickly followed by the phrase.....
they have always seemed nice and answered any question......h
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https://www.nfa.futures.org/index.html
As far as I know a broker is needed for US-based traders though I am not pretty sure.
Typo...S Corp
Type of licensed business in one's state of incorporation with particular tax consequences and dividend structure. The op wants to start one himself which he'll then file with the state.
Post automatically merged:
Yes, especially if you are functioning as an S-corp.
Dodd frank rules says no unregulated - off shore entities can be used unless they are registered and regulated by the proper US regulatory bodies.
No, you are not required to have a Forex Broker based in the US in order to create an S Corporation for your trading business.
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