Hey Guys,
Just wanted to let you know I was in Ukraine 2 months ago and was restricted from trading from E*Trade because Ukraine is on the USA's OFAC list.
Office of Foreign Assets Control (OFAC) listed countries has economic and trade sanctions on certain countries and so trading from those countries can be troublesome (In Ukraine's case, we have an ambassador there and they're not even the problem!! Putin decided to invade Ukraine with guns and tanks and illegally seize Crimea and kill Ukranian citizens). Other countries, for example, include Iraq, Lebanon, Cuba, Venezuela, Zimbabwe and more.
Anyway...
Solution:
1. E*Trade says to call 1 week ahead of time and they can remove the restriction on your account.
2. Use of VPN's like Express VPN or Nord VPN which could give your computer an American IP address (or any country of your choice that's not on the OFAC list) so your broker thinks you are in the designated country of your choice.
Just wanted to give everyone a heads-up.
Happy studying!!
~Remster
Join now or log in to leave a comment