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Can H4 dependent do forex trading?

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  • Can H4 dependent do forex trading?

    HI

    i am currently on H4 visa.

    Previously was on L2 visa and was into forex trading.

    2yrs back my husband changed from l1 to h1b . I havent traded in a long time.

    Thought of planning to start my forex trading again. Wanted to make sure if i could resume my trading on H4.

    When i contacted the forex broker(fxcm) they said i dont need a work visa or work permit to do forex trading and all i need is only to be residing in usa.

    Currently my husband's GC is at perm level.

    Can i trade on H4 visa provide i file my taxes. is it legal?

    Will it affect my husband's gc processing?

    Thanks in advance

  • #2
    Originally posted by fxh4 View Post
    HI

    i am currently on H4 visa.

    Previously was on L2 visa and was into forex trading.

    2yrs back my husband changed from l1 to h1b . I havent traded in a long time.

    Thought of planning to start my forex trading again. Wanted to make sure if i could resume my trading on H4.

    When i contacted the forex broker(fxcm) they said i dont need a work visa or work permit to do forex trading and all i need is only to be residing in usa.

    Currently my husband's GC is at perm level.

    Can i trade on H4 visa provide i file my taxes. is it legal?

    Will it affect my husband's gc processing?

    Thanks in advance
    Forex traders would not know about immigrations laws they would be more inclined to see their commission.

    I dont think you can. I believe any active decision making which involves you making money is work and for work you need valid authorization. If you have spent 6 years in US then you may be eligible for H4 EAD, otherwise wait till I140 approval.

    This is my opinion not legal advice.

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