US citizens can open bank account in Canada for address proof. Take driver licence for ID
Intraday only.
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedLots of negative news going on for US residents. Those who make a living with trading income need to shift to Canada and trade from there. Show Canadian residency though you are US citizenIgnored
Disliked{quote} US citizens can live in Canada and as well as Canadian citizens can live in the US. It is legal. By trade agreement.Ignored
Disliked{quote} One small hiccup. US Citizens are taxed on citizenship and residency. US Tax authorities make life difficult for US citizens and people paying US citizens no matter where they live.Ignored
Disliked{quote} Yes, but all brokers other than us & offshore want nothing to do with US citizens as soon as they show their passport, that is unless they are >10M in assets & ECP exempted from US regulations.Ignored
Disliked{quote} They can pay taxes in Canada. As I understand. Show income as self employed. Earned while living in canadaIgnored
Disliked{quote} Yeah it doesn't work like that. They still have to file in Canada and the US as long as they are US Citizens. You get to deduct taxes paid in another country as an income expense but you still have to file.Ignored
Disliked{quote} My daughter is a Canadian Citizen, living in the US, earning both US and Canadian income and must file in both Canada and the US. If she didn't have the Canadian sourced income she would not have to file in Canada.Ignored
Disliked{quote} The IP blocked US. Which seems to satisfy metaquotes, at least we will see. I am not so sure. The things I hear are contradictory. I hear that metaquotes just wants US off their platform at the same time I am hearing they want 3rd party brokers to stop offering to props.Ignored
Disliked{quote} my uneducated opinion. Prop firms aren’t going away, but they’re going away completely for US tradersIgnored
Disliked{quote} Just watch... Oanda, Forex . com, Trading . com, etc. will all still be allowed to offer MT4 / MT5 to US citizens, so it's not quite as simple as US being banned completely I don't think. Maybe it's because they don't offer CFDs or are "registered" or pay the annual mafia "fees".Ignored
Disliked{quote} Prop firms are not going away for US citizens also if they move to Canada as self employed persons. No need of visa. They can live in Canada legally Can trade from Canada in prop firms legallyIgnored
Disliked{quote} They have licenses to do so. It would be strange if Metaquotes dumped them.Ignored