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Tax implications for trading stocks with foreign brokerages online

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tin

Junior Member
What is the name of your state (only U.S. law)? California

I found a stock broker called 'Suretrader' that is based out of Bahamas. What are the implications if a F1 visa holder in OPT status trades US stocks on Suretrader? Also, I am aware that 'Pattern Day Trading' has restrictions imposed for US based brokerages. Since Suretrader is not in the US, they have no restrictions. So if I do 'Pattern Day Trading' with Suretrader while living in the US, does it cause violation of any rule related to tax or maintaining visa status?
 



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