Recent content by comintel

Unfortunately, the different agencies, Treasury/IRS, CFTC/NFA and SEC/FINRA often have different rules and interpretations and what may be ok for one in terms of foreign accounts may be an issue for another.

It would be only 30% on the interest paid if any, not on the main trades themselves. But I am worried that you might run into some such incidental interest charges on either Forex (on rollovers) or on CFD's (especially if highly leveraged and held for a while). I guess it would not apply if...

Yes but how do you withhold 30% from any margin interest that you pay in your account?

I have to tell you that I have run into an issue with trading CFD's for a U.S. resident. According to publication 515, "A resident alien paying interest on a margin account maintained with a foreign brokerage firm must withhold from the interest whether the interest is paid directly or...

Search on taxation of OTC Derivatives. I have some views as to how these should be reported (it is not that complicated) but I do not feel comfortable mentioning them as it is a fairly obscure area and I would be getting close to giving advice. I am not able to give them privately easier. To...

According to previous discussions here, Saxo is likely the best choice to trade currency options. (Ikonfx being another possibility). According to the Saxo web site, you need over a $100,000 account to get the narrowest "institutional" spreads on those. Do people know if this is readily...

"it is not the SEC it is the CFTC that bars such transactions" Neither agency has any authority to regulate trading outside the United States. Numerous wealthy individuals in the U.S. have all sorts of accounts abroad for trading that would run afoul of U.S. broker regulation but nobody has...

I believe it is incorrect to say that the USA does not permit its citizens to trade with foreign cfd brokers. There is no such law or regulation. What there is is regulation limiting brokers who operate in the U.S. from offering such products. Foreign brokers who have no U.S. operations are...

Please PM me also if you know of such a broker that will accept accounts from the USA. Actually I do use one broker that will accept such accounts so we can swap names. I will not post the name publicly in case it might cause problems for the broker.

By the way Tradestation currently has an offer to run it free of platform fees through the end of 2010. The offer is right on their main page.

They just had a 4-month free trial but you were supposed to sign up by April 30. Here's one place it is mentioned: http://www.tazatek.com/trading-articles/tradestation-offers-free-platform/ Call them anyway and I think they will give you two months at least. Don P.S. Come to think of it...

So if China is coming out of recession then it is logical to expect that its currency will rise?

The Chinese currency a week or so ago suddenly switched from being inverted (deferred months lower) to "normal" (deferred months higher in price). Can anyone explain this? Is it just market expectations? Whatever happened to "interest rate parity." During all of this time the spot rate for...

I got mine from Precision at TradeStation | Trade With Precision and it worked. It is probably best to email them and they will send you an absolutely current one valid for your country. Apart from that, other people here will probably post other ways or codes later on......

If you Google search on tradestation "special offer" you will find several. Also TradeStation Securities - T2W Preferred Brokers has a two-month special offer.