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Questions tagged [offshore brokers]

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lucas_taylor_teacher lucas_taylor_teacher Tue Oct 15 2024 | 7 answers 1538

Can US citizens use offshore brokers?

I'm a US citizen and I'm wondering if it's legal for me to use offshore brokers for trading. I've heard mixed opinions on this and would like to clarify the legalities involved.

Can US citizens use offshore brokers?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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