Can LLCs trade with less restrictions than individuals?

Discussion in 'Interactive Brokers' started by BinaryAlgorithm, Nov 21, 2019.

  1. elt894

    elt894

    It seems unlikely to me. The same rules prohibiting soliciting unregistered products that prevent them from opening an account for a US individual also apply to US LLCs, unless you have $100MM (I think) to be a QIB. I think you'd have a better shot starting a foreign LLC, but then you'd have to deal with PFIC laws.
     
    #11     Nov 21, 2019
  2. I see. I was looking at trading permissions because the options are limited to what the US allows - Italian stock futures is actually a choice oddly enough but there are only a few of them; in general Euro stocks but no options or futures are available. No CFDs of any kind. So I guess politics keeps a fair bit of the world's products closed off from us.
     
    #12     Nov 21, 2019
  3. zdreg

    zdreg

    SPYS are off limits to residents of most EU countries. Protests to the contrary it is protectionism for European financial industry not the nonsense that it exists to protect European public.
     
    Last edited: Nov 21, 2019
    #13     Nov 21, 2019
  4. Sig

    Sig

    It's not politics, it's just U.S. law that requires you be registered in the U.S. to offer securities to U.S. citizens and has for decades. The European exchanges have the option to request a no-action letter as some have. Obviously those who haven't see the amount of work involved as not worth the benefit. There's a good older thread that explains all this, https://www.elitetrader.com/et/thre...-trade-foreign-equity-or-index-options.99451/
     
    #14     Nov 21, 2019
  5. Lucky for you, I do not believe being polite requires too much effort. Otherwise I could have called you a numbnut for this answer.

    SPYS are not off limits to EU residents. It just requires a minimum amount of capital.
     
    Last edited: Nov 21, 2019
    #15     Nov 21, 2019
  6. otctrade

    otctrade

    you cannot.
     
    #16     Nov 21, 2019
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