CFD trading for US Resident

[comintel]

Mind you it might be argued that now the IRS is actually taking information from cfd companies in the UK this presumably legalises their activity ?! (maybe, who knows) another question for our lawyers.

simon

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.

 

[capitalspreads]

rather like taxing 'the oldest profession' .. it is illegal but the revenue still wants it's cut.

Puts a whole new angle on the phrase 'pimping for a living'

 

[cfdonut]

I want to trade CFDs as a US resident/citizen

Anyone who wants to trade CFDs form the US contact me. I can get you set up. I work with several different brokers and will place you accordingly.

How can I do it?

 

[cfdonut]

there are actually several options as a trader in the us

What are my options? Thanks.

 

[ktrad]

I think having a relative or a trusted person, outside of USA open an account in their name, is the best way. I am thinking of doing this, but i am not sure if i can trade by just logging in their account from the US ??

 

[Piman78]

How can I do it?

You can't, any 'broker' that is allowing US residents to wire them money and trade CFDs is breaking the law. If a broker is prepared to do this (i.e. break laws and engage in illegal activity) then you would be mad to trust them with your cash.

If you live in the USA then you will not be able to trade CFDs.