Hi Traders, I have applied for new account with a brokerage firm earlier, and they told me they won't accept Iranian citizens unless i prove that i am living and working outside Iran permanently. They refused me once, because they said: they don't care where or which company i work for, and work permit or employment Visa meant nothing to them unless i can have a proof that i am living in another country by providing legal documents like lease contract from LandLord or utility bills for elec, water or gas,... I was living in my parents huge villa, since i were single, then i had to find my own residence in order to provide them with documents that show my home physical address. Now after having all legal documents, They tell me: THEY DON'T ACCEPT ANY IRANIAN CUSTOMER I do understand some brokerer don't have service for some countries like Tradestation, MBtrading, ... That's a differnet case. But here they are worried that: IF I MIGHT BE A TERRORIST ?! Or THEY ARE ACTING AS BUNCH OF STUPID RACIST?! Can i check it trough "US Government" to see if they have the right to turn down Iranian customers, Because "ALL OTHER BROKERAGES HAVE NO PROBLEM ACCEPTING ME." If yes, Which organization or financial lawers to check with?
But they didn't say it first time. They told me they can accept Iranian citizens if i show legal goverment document that shows that i were living and working in another foreign country and living outside Iran permanently I have several email from them saying this, as to prove what they had requested from me earlier
I had no problem whatsoever with signing up with any broker in the US. But than, the relationship between the US and The Netherlands has been a little bit different then the one between the US and Iran over the past couple of years... I guess you're just born in the wrong country... out of luck. Try changing citizenship. Might also help if one day you wanna do business in other parts of the world. Good Luck TFD
Nederlander worden Als u al lange tijd in Nederland woont, hier bent geboren of oud-Nederlander bent, kunt u wellicht Nederlander worden door optie.Volg de procedurewijzer â optieâ voor informatie over de voorwaarden en procedure. Als u een bepaalde tijd in Nederland woont, kunt u zich laten naturaliseren tot Nederlander. Daarmee krijgt u de Nederlandse nationaliteit en kunt u onbeperkt in Nederland verblijven. U heeft vanaf dat moment ook dezelfde rechten en plichten als een Nederlander. Volg de procedurewijzer ânaturalisatieâ voor informatie over de voorwaarden en procedure. Hebt u al eerder de Nederlandse nationaliteit gehad en wilt u die weer terug? Lees dan niet hier verder, maar kijk bij de procedure Oud-Nederlander. http://www.immigratiedienst.nl/ - Ik wil Nederlander worden
I think they want to be sure they have the legal right to collect damages in court should the situation arise. They probably can't in Iran or they feel the security of trying to collect a judgement in Iran would be difficult. I doubt that you have any recourse to force them to allow you to open an account.
I don't know what you'r discussing with "flyingdutch". His advice to me is based on Positive intention to help me out only and i thanks him. But no way i will change my citizenship and stay faitfull to my country, even it's governed by bunch of so-called religious MOTHER FXXXERS. This Brokerage forced me move to another residence for some time, but won't separate me from my country, though i haven't lived there for a long time now.
In France there is an antiracism law that you could use in US I don't know . For fun you can always sue them, but I doubt that your account will be secure with them after such refusal .
I am not doing it for fun, because i have to give it time. I want to set an example for other nationalities who face similar problem and not to keep quite. Even i might not succed here, but i will damage their business seriously over time, turning away hundreds of their customers here and those hundred customer will turn away another thousands customer from them in long term