americans i read that alot of you guys have problems starting out b/c of the pattern day trading rule. The way to get away from that problem is open an account with a canadian direct access brokerage or the canadian counterpart with main us operations, but clear throught a canadian clearing firm. Such as tdwaterhouse active trader or tradefreedom. Or the other direct access guys. And some people here didnt know that canadian brokerages do accept americans. Yes they do. And its vice versa, since almost all the canadian traders here know you can open an account with an american brokerage. You will taxed under your countries taxes so no worries. http://www.tdwaterhouse.ca/documentation/index.jsp Required Documentation TD Waterhouse requires all new account applicants to provide appropriate documentation indicating the citizenship of the account holder to ensure that the appropriate tax-withholding rate can be applied. Review the documentation required to open an account below, along with a selection of downloadable forms for your convenience. Identification Required to Open an Account U.S. citizens must provide a signed Form W-9 and Waiver of Client Confidentiality to TD Waterhouse along with all other signed new account application documents. Canadian and other non-U.S. citizens must provide a Social Insurance Number (SIN) and a copy of one of the following pieces of identification; Valid Passport Drivers License Birth Certificate (if under 21) National Identity Card Government Issued Age of Majority card If a SIN number is not provided, the documentation must be certified as true by TD Waterhouse or TD Canada Trust Branch personnel, or notarized by a lawyer. Downloadable Forms for TD Waterhouse Clients These documents are in PDF format and require Adobe Acrobat Reader. W-8BEN - Certificate of Foreign Status of Beneficial Owner for United States Withholding Tax Instructions for Form W-8BEN W-8IMY - Certificate of Foreign Intermediary, Foreign Flow-Through Entity, Or Certain U.S. Branches for United States Tax Withholding Instructions for Form W-8IMY W-9 - Request for Taxpayer Identification Number and Certification Instructions for Form W-9 Waiver of Client Confidentiality Limitation on Benefit Statement IRS Tax Reporting Change - New Internal Revenue Service (IRS) Regulatory Change for Tax Reporting on Registered Plan Accounts If you have any questions about these forms or the required documentation, please contact TD Waterhouse.