Can I trade Forex on my H1B? The answer depends on your circumstances. Many people wonder about the regulations. Generally, you must be employed and have a US social security number to open an account. However, you can use your SSN as an alternate identity for trading purposes. Nonetheless, it is advisable to keep your own SSN when trading with foreign exchange. Otherwise, you will run the risk of losing your money if you don t do it correctly.
While many companies allow H1B visa holders to invest in stocks, there are certain rules that must be followed before investing. For instance, if you are not in the US for a long period of time, you must make sure that your employer doesn t tax your income or invest it in foreign companies. Moreover, if you want to invest your money, you must read the employment contract carefully before trading. Also, keep in mind that if you have made a profit from your trade, you will have to pay taxes to the government. Hence, it is imperative that you understand the rules and calculation involved in calculating taxes and pay them accordingly.
While it is a good idea to seek the advice of a qualified attorney, it is best to seek guidance from an experienced attorney. A lawyer with 25 years of experience in U.S. immigration law may be able to answer specific questions regarding your specific situation. Keep in mind that an attorney can only give you specific answers when he has the knowledge of all relevant facts. Further, such responses do not establish an attorney-client relationship.
One important rule to follow while trading on an H1B visa is to make a deposit of sufficient equity. A H1B visa holder should invest with sufficient funds that will cover the margin calls. Further, he or she should not withdraw the money within two business days. This fourth rule is of particular importance when you are trading in the US. There are a number of restrictions to comply with.