This is so aggravating not being able to trade with higher than 50:1 leverage, and more importantly, not being able to hedge trades!
We U.S. traders have been getting hammered by unnecessary regulations the last few years.
I want to ask if anybody has done this or has knowledge about this?...
What would be the best way to get a foreign corporation setup in another country, set up a bank account, fund that account, and then applying to my preferred overseas brokerage as a foreign corporation?
I've seen on many brokers websites that they do not accept U.S. citizens unless you are applying as a foreign corporation, then it doesn't matter if you are a U.S. citizen. I just need to make sure to report all profits/losses to IRS as the funds come back in to the country.
I'm just not well versed in this area.
Maybe even one of you knows a law office that would be familiar with all of this so I can call and get legal help.
I trade with over 500k USD in capital.