3/28/ · In North America it is illegal for anyone under the age of 18 to open a brokerage account of any type. It is against federal & contract law for any brokerage firm to open an account for some one under the age of 18 3/17/ · Since you are under 18 years old like me you have to have the account in a parents name then just use all your details (email, phone etc). When you turn 18 you just get in contact with them and DMA (Forex Direct) Main benefits: Profits are tax-free in the UK 4: Tax-deductible losses are useful for hedging 4: Increased market transparency and order control: Accessible to: All clients: All clients: Professional clients only 5: Traded in £ (or other base currency) per point: Contracts: Lots: Tax status: No capital gains tax (CGT) or stamp duty 4
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DMA (Forex Direct) Main benefits: Profits are tax-free in the UK 4: Tax-deductible losses are useful for hedging 4: Increased market transparency and order control: Accessible to: All clients: All clients: Professional clients only 5: Traded in £ (or other base currency) per point: Contracts: Lots: Tax status: No capital gains tax (CGT) or stamp duty 4 9/17/ · You have to be 18 because they all require margin agreements and that isn't legal with a custodial account. They are designed, in the US, to be highly 3/28/ · In North America it is illegal for anyone under the age of 18 to open a brokerage account of any type. It is against federal & contract law for any brokerage firm to open an account for some one under the age of 18
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