#1
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Possible Funding loophole: Online stockbrokers.
Most online stockbrokers allow you to setup your account as a checking account that you can write checkes against and both accept and receive electronic transfers.
Clearly, it wouldn't be a problem to fund these accounts as a US citizen, buying stocks isn't illegal. Such a brokerage outside the US would likely remain blissfully uncaring, if not outright unaware, that any US customer of theirs would be barred from funding ewallets/casinos directly and honor any such transactions without hesitation. The only question is: Are there any such online brokerages outside the US? |
#2
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Re: Possible Funding loophole: Online stockbrokers.
[ QUOTE ]
The only question is: Are there any such online brokerages outside the US? [/ QUOTE ] Probably, but AGAIN the casual player may not bother going to the trouble. |
#3
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Re: Possible Funding loophole: Online stockbrokers.
[ QUOTE ]
Most online stockbrokers allow you to setup your account as a checking account that you can write checkes against and both accept and receive electronic transfers. Clearly, it wouldn't be a problem to fund these accounts as a US citizen, buying stocks isn't illegal. Such a brokerage outside the US would likely remain blissfully uncaring, if not outright unaware, that any US customer of theirs would be barred from funding ewallets/casinos directly and honor any such transactions without hesitation. The only question is: Are there any such online brokerages outside the US? [/ QUOTE ] If you can do all of these things with a brokerage account, then really what you have is not a brokerage account but a brokerage account and a bank account under the same umbrella. Thus, this workaround really is no different than opening a foreign bank account, period. And I imagine that securities laws are such that it is even more difficult to open a foreign bank account tied to a foreign brokerage than just a plain vanilla foreign bank account. It would be the nuts though if I could transfer directly from Neteller to eTrade. |
#4
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Re: Possible Funding loophole: Online stockbrokers.
You can currently transfer directly from Netteller to TD Ameritrade. I know this for a fact.
If this continues in the future, I have no idea. |
#5
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Re: Possible Funding loophole: Online stockbrokers.
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It would be the nuts though if I could transfer directly from Neteller to eTrade. [/ QUOTE ] You can do ACH/EFT to either an Etrade brokerage or bank account, they have 2 different routing numbers which are both on their website. |
#6
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Re: Possible Funding loophole: Online stockbrokers.
Offshore brokerages do NOT like to have accounts from U.S. customers. This is from pressure from U.S. securities regulators from a couple years ago, completely unrelated to poker.
It would be cheaper to fly to Switzerland with a bag of money and open a Swiss bank account. |
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