U.S Share Dealing for UK Citizen

lutzsuarnaba · Newbie Joined: 14 Jan 2011 Posts: 1

Can anyone recommend a U.S based institution that allows a UK citizen to sign up and speculate in the stock market? It needs to be okay for a UK citizen to sign up and would not need a U.S social security number.

rffrydr · Posted: Fri Jan 14, 2011 8:47 pm Post subject:

I thought London was the financial capital of the world! No indonesian miners or russian oil minnows over here.

Most any will do, but you'll need a TIN--for all practical purposes a SS number. IRS always ready to jump on those cap gains. You can get around all of that with a private banker (not UBS!), sell you shares of their own trust, etc.... but, then you're rich already!

Maybe a Wyoming/Nevada LLC or something will work out for you if you're in it for the long term. That's how the the SP companies do it over there.

Motley Fool UK boards will probably have some examples for ya. Good luck.
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