QUOTE(danmooncake @ Jun 27 2014, 11:58 PM)
Yes, there are more tax rules implemented lately (applied mostly to US citizens and PRs) and somewhat become cumbersome for foreigners to open a brokerage accounts in US if they don't reside in US.
Therefore, some brokerages setup foreign offices (outside USA) to help those who are outside USA so that they can trade as well.
Since I've setup mine many years ago, there was no need for me talk to the local branch on any issues because everything that I do pertains to direct accounts in USA only - even for money transfer, statements, tax forms, beneficiaries, etc.
Also... for some of you who have setup US brokerage accounts.. remember to also name and identify your BENEFICIARIES. This is VERY IMPORTANT because in case something bad happens to you, your family member or significant other can access your funds. Otherwise, if you die, Uncle Sam will take it away as unclaimed funds.
I opened my TDAM account earlier this year - just filled in the standard forms etc. and no hassle. Same with IB (Interactive brokers) Therefore, some brokerages setup foreign offices (outside USA) to help those who are outside USA so that they can trade as well.
Since I've setup mine many years ago, there was no need for me talk to the local branch on any issues because everything that I do pertains to direct accounts in USA only - even for money transfer, statements, tax forms, beneficiaries, etc.
Also... for some of you who have setup US brokerage accounts.. remember to also name and identify your BENEFICIARIES. This is VERY IMPORTANT because in case something bad happens to you, your family member or significant other can access your funds. Otherwise, if you die, Uncle Sam will take it away as unclaimed funds.
However, TD in UK rejected my account for no reason (even though I've had an account there before) , TD LU accepted and opened fine - although haven't used this yet.
Jun 28 2014, 12:55 AM

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