where if the person never lived in us but kept canadian accounts and at one time us accounts. they are not bound to the irs if they close their american accounts or bring them below 10000
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anything above 10000 even +1 must be reported if happened at any time in a year. ( if he have US bank account/ dormat or non operative bank account/ opened and closed later and thereafter crossed 10000 mark should be reported as per compliance ...ignoring may lead to severe prosecution any time )
Pipmaster77 Your business model makes since..Low risk is the key. I like the part about only having in your account what you need for your next trade. Im going to try it out with Tallinex(good reviews) Are there any issues with funding? currently i have my bank account linked for debit card transfers (with US broker), never any issues with instant no fee transfers.
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Tried that with one broker and the complained about abusing withdrawals...of  course most brokers will charge you a lot of money (percentage wise) to do what pipmaster suggest. maybe in the USA they don't charge for withdrawal .Â
{quote}  Tried that with one broker and the complained about abusing withdrawals...of  course most brokers will charge you a lot of money (percentage wise) to do what pipmaster suggest. maybe in the USA they don't charge for withdrawal .Â
{quote} So true. I do have an edge, been profitable since 2010. The point I am trying to get across is simply when you are trading with a DD broker, even with an edge, you are at a major disadvantage. Their business model is for you to lose money and they control the software. I trade with an unregulated offshore broker but I trust them. Their spreads are razor thin, they earn money on my commission and I am profitable because there is no dealer intervention. I'm sure I could be as profitable at a US broker, but trading is tough enough, why would...
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hi Pipmaster, your comment made me curious to know who your broker is. To me so far they all seem to be scammers. Im tired of hopping from one to another. Would you mind to disclose? I'm outside US.
