@captainrob_@AccurateTradez action from US regulators.
Tax Risks: While you must report all income to the IRS, reporting CFD gains may inadvertently alert regulators to prohibited activity.
@captainrob_@AccurateTradez Key Legal Realities for US Residents
Global Prohibition: US residents are prohibited from trading CFDs both domestically and with offshore brokers.
Broker Rejection: Most reputable international brokers will automatically reject applications from US residents to avoid legal...
@AccurateTradez 6. Most reputable international brokers will automatically reject applications from US residents to avoid legal action from US regulators.
Tax Risks: While you must report all income to the IRS, reporting CFD gains may inadvertently alert regulators to prohibited activity.
@AccurateTradez 4. deposits.
The Dodd-Frank Act: Following the 2008 crisis, this law tightened rules on "swaps" and OTC products, effectively pushing retail trading into centrally cleared environments.
@AccurateTradez 5. Key Legal Realities for US Residents Global Prohibition: US residents are prohibited from trading CFDs both domestically and with offshore brokers. Broker Rejection: Most reputable international brokers will automatically reject applications from US residents to avoid legal...
@AccurateTradez 6. Most reputable international brokers will automatically reject applications from US residents to avoid legal action from US regulators.
Tax Risks: While you must report all income to the IRS, reporting CFD gains may inadvertently alert regulators to prohibited activity.
@keepinglowkey @mTraderNDX@Topstep The 5%ers caught my attention. Going to give them a try this coming week. Being able to hold over market close AND over the weekend is the main reason. Looked into them a few years back but they were only FOREX at the time.
@Nitsujima@MrZincx No, it does not reset. So if u reach a high unrealized profit and dont take it and it retraces a good amount then your next trading days max dd is that much smaller.
@matt_kohrs Badly worded but not wrong. What he should have said is that a million dollar payout is actually a $500-$600K+ payout. Minus profit split, taxes & accumulated fees in evals, resets and fees to be able to get to a million dollar payout.