Will US brokers accept me? I'm a citizen of Iran but a resident of Georgia
Will US brokers accept me? I'm a citizen of Iran but a resident of Georgia
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user113269 · External communityPost link
External question — Personal Finance Stack Exchange
Author: user113269
Original post: https://money.stackexchange.com/questions/146641
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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Any citizens of Iran here who can share their experience?
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Ryan · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Ryan
Original post: https://money.stackexchange.com/a/146643
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
You should be able to open an account if you are a legal permanent resident/green card holder.
In fact, National Origin is a protected class, so discrimination solely based on your Iranian origin is illegal, and you should consult a lawyer if you are denied because of it. However, there are some things to consider:
Can you prove you are a legitimate resident of Georgia/legal permanent resident?
Are you on the OFAC sanctions list (
here
)?
Is the money you are trying to put in the broker US-sourced? Or at least NOT Iranian sourced? If it's from Iran, it would raise strict scrutiny. You would have to work with an OFAC compliant currency exchange broker in Iran to transfer the money. Citizens/residents are not allowed to have bank accounts in Iran either (
Source
). Again, if you are just trying to put money you made in the US into a US broker, I don't think there would be an issue.
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: Ryan Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/a/146643 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. You should be able to open an account if you are a legal permanent resident/green card holder. In fact, National Origin is a protected class, so discrimination solely based on your Iranian origin is illegal, and you should consult a lawyer if you are denied because of it. However, there are some things to consider: Can you prove you are a legitimate resident of Georgia/legal permanent resident? Are you on the OFAC sanctions list ( here )? Is the money you are trying to put in the broker US-sourced? Or at least NOT Iranian sourced? If it's from Iran, it would raise strict scrutiny. You would have to work with an OFAC compliant currency exchange broker in Iran to transfer the money. Citizens/residents are not allowed to have bank accounts in Iran either ( Source ). Again, if you are just trying to put money you made in the US into a US broker, I don't think there would be an issue.
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