DACA & Stocks + Webull / Robinhood
 

Hello everyone,

I was trying to get into investing with Robinhood and/or Webull and it appears to me that DACA recipients can't/shouldn't be doing stocks?

Webull clearly states that DACA individuals can't make an account with them and therefore can't trade (https://www.webull.com/hc/categories...visitSource=10)

During sign up, you get asked for Citizenship country and if you are a Permanent Resident, if not, then you must provide valid VISA status. Are there users here trading with webull? If so, will those users get into INS issues in the future for stating that they are Permanent Residents when they weren't?

Looks like Robinhood has a similar requirement, not too sure about CashApp as they don't seem to ask for Citizenship / Resident / Visa status.

A bit confused here and just wondering.

Re: DACA & Stocks + Webull / Robinhood
 

hmmm... daca citizen.... never heard that designation before... If you have an ssn you should be able to trade and open an account. That is mainly for tax purposes to make sure that you are paying your capital gains taxes at EOY.

Try fidelity or some other broker. I have a Robinhood as well and they did not ask for immigration status.

Re: DACA & Stocks + Webull / Robinhood
 

Use this link and get 2 free stocks for signing up after you make your first deposit:

https://act.webull.com/po/dKGWIokuK5zh/s1j/inviteUs/

I'm daca and I have an account just fine, actually two accounts 1 margin and 1 cash. That means I signed up twice just fine!

Re: DACA & Stocks + Webull / Robinhood
 

I use fidelity. My company uses it to manage our 401k and other things. Employees get an account that lets them buy and sell stocks. But yeah RH is fishy for asking that


Also INS? Bro INS is gone

Re: DACA & Stocks + Webull / Robinhood
 

When you signed up for WeBull, did you select "Permanent Resident" then? Or do you have a valid VISA status.

Just because you have an account (if you lied on the PR question) doesn't mean they approve of it or may possibly remove it in the future.

Re: DACA & Stocks + Webull / Robinhood
 

I've been calling them that for as long as I remember even after knowing that they're gone XD

Re: DACA & Stocks + Webull / Robinhood
 

When you go to robinhood select your country of citizenship IE mexico then country of residence US
The only way to get a webull account is to lie and select Permanent resident which I dont recommend.


Use my link if you are going to use Robinhood for a free stock.

https://join.robinhood.com/joses1448

Re: DACA & Stocks + Webull / Robinhood
 

Legally you don't need to be a citizen or LRP in order to trade. We are permanent residents, we are not legal permanent residents, know the difference. The difference is "LEGAL"

A lot of People don't know how daca works, and they think is a Visa of some kind. Whoever answered the QA didn't know what to answer, in which case the answer would be no by default.

Re: DACA & Stocks + Webull / Robinhood
 

Honestly lying that you're an LPR can only bite you in the ass if you say it to a CBP agent while trying to seek entry back into the US. Other than that, there's no penalties in the law for lying about it.

Do not ever lie that you're a USC in ANY context though. That shit will make you inadmissible for life with only something like a U-visa being able to save you.

Re: DACA & Stocks + Webull / Robinhood
 

This is the type of ignorance you want to stay away from.

Re: DACA & Stocks + Webull / Robinhood
 

as far as I know this shit's only for tax purposes when I googled it many yrs. ago. You just gotta find out where we fall in the tax category.

Re: DACA & Stocks + Webull / Robinhood
 

What the fuck...? Lmao

No we aren’t permanent anything. Our status if anything is LAWFUL PRESENCE which as you no doubt realize isn’t really a status outside of uscis

Re: DACA & Stocks + Webull / Robinhood
 

Robinhood and Webull work just fine,


join.robinhood.com/aldob48

https://act.webull.com/ie/GwDCbqzGenly/suv/inviteUs/

Re: DACA & Stocks + Webull / Robinhood
 

Son go back to school. If your talent is internet arguing, even at that you aren't good

Re: DACA & Stocks + Webull / Robinhood
 

LOL @ ^^^€

Even worse let’s see what the uscis has to say about our “status”


Q5: If my case is deferred, am I in lawful status for the period of deferral?
A5: No. Although action on your case has been deferred and you do not accrue unlawful presence (for admissibility purposes) during the period of deferred action, deferred action does not confer any lawful status.

The fact that you are not accruing unlawful presence does not change whether you are in lawful status while you remain in the United States. However, although deferred action does not confer a lawful immigration status, your period of stay is authorized by the Department of Homeland Security while your deferred action is in effect and, for admissibility purposes, you are considered to be lawfully present in the United States during that time. Individuals granted deferred action are not precluded by federal law from establishing domicile in the U.S.

Apart from the immigration laws, “lawful presence,” “lawful status” and similar terms are used in various other federal and state laws. For information on how those laws affect individuals who receive a favorable exercise of prosecutorial discretion under DACA, please contact the appropriate federal, state or local authorities.

Re: DACA & Stocks + Webull / Robinhood
 

Robinhood is fine. I've had it since 2017. It looks to me like WeBull is not allowing it. It asks for "visa" if you say you're not a permanent resident. And to address your initial question about DACA recipients "should not do stocks"...don't worry about that. We are free to invest just like anyone else.

Re: DACA & Stocks + Webull / Robinhood
 

Although that guy is usually against Dreamers and Dreamer legalization, in this case he is right.

...I must clarify..DACA recipients are NOT "Permanent Residents." Do not claim you're permanent resident on any application by mistake. Permanent Resident means Green Card holder.

However, we are lawfully present. We just don't have legal status. Its like a grey area legally. I'm not a lawyer but thats what it seems like to me. Long story short...just don't commit any felonies and stay out of trouble you should be good.

Re: DACA & Stocks + Webull / Robinhood
 

Permanent residency is way different than what we have - I have always known to never claim USA citizenship under any circumstances ever. You don’t know if years from now you’re applying for adjustment and somehow uscis gets ahold of that you lied in RH application

Re: DACA & Stocks + Webull / Robinhood
 

You are delusional. Just desperate to escape the shame you have brought upon yourself, yet keep digging yourself more into it.

USCSI is only a small agency, which is part of DHS who holds many agencies as the Department of Homeland Security.

The terms you have brought up out of desperation, random at best have absolutely nothing to do with the subject matter at hand.

You also failed to read my post, you are trying so hard to be right that even the most simple things escape your perception of facts.

Get off your horse, and pay attention. The broker
Is asking for IRS definition of Permanent "Resident".
USCIS does not have one.

Let me do the work for you, since your mind is so limited that won't even contemplate the possibility of being wrong.

Let's begin

This is quote from the IRS website:

Definition of Substantial Presence:
https://www.irs.gov/individuals/inte...-presence-test

Re: DACA & Stocks + Webull / Robinhood
 

This isn’t about what the IRS considered us you idiot. The issue at hand - the question here is if lying that we are permanent residents for the propose of using these apps like Webull or RH can bite us in the ass years later when adjusting. Does this sink to your head?

Re: DACA & Stocks + Webull / Robinhood
 

Classic name calling when no real arguments exist. I rest my case.

The brokers at hand want to know your residency for tax purposes. They are not employers so they don't want to know your right to work. You just doubling down on your previous arguments, this is what desperation does.


You still fail to see the facts. They never asked if you are a "Legal Permanent Resident" the word legal makes a world of difference, for some reason your brain just chooses to skip that.

Re: DACA & Stocks + Webull / Robinhood
 

You’re still avoiding the issue. You trapped yourself and are now backpedaling. You can’t even dig yourself out this hole you dug yourself into. Go back and reread where this started then maybe you can catch up. Next time make sure to sharpen your little baby tiger claws

Re: DACA & Stocks + Webull / Robinhood
 

This is the 3rd stage. You are in denial. You feel so bad about yourself and how good I got you that the only resort left is lying and denial. You will never stop thinking about how good I got you that I will live rent free in your mind for many years to come. That was not my intention but okay, okay 👌

Re: DACA & Stocks + Webull / Robinhood
 

That is the worse type of damage control I’ve ever seen here lmao I am in denial for continuing on with what demise said a few pages back....? Lol you think we have permanent residency - omg this guy. Didn’t realize we had clowns here

Re: DACA & Stocks + Webull / Robinhood
 

This is the lamest response you could have come up with and it took you half hour to cook it.

The answer is yes, for Tax purposes you are a resident alien. Which is what brokers care about.

I didn't say for anything else, so for you to blatantly say "you think we have permanent residency" without context is disingenuous, and is a flat out narcissistic trait.

Yes, the day you found out you are a narcissist. Today is the day. Is it because of the shame ? Or are you just trying to save face? You are a narcissist.

Re: DACA & Stocks + Webull / Robinhood
 

No one is talking about tax purposes. The question was if lying in an app like RH or the other ones that ask for residency can harm us later in life. You’re the one who brought up “wah Wahh we are permanent residency so why shouldn’t we use them Wahh Wahh” no bro we have daca which give us lawful present not legal then you asperger kicked and you started to spit out “no no no nooooooooo I mean for tax purposes! Reverse uno card!!!!! I win I win!!” Jesus Chris you have issues kid lmao

Re: DACA & Stocks + Webull / Robinhood
 

Let's take a step back.

These are the original questions in this thread:


Question #1

Answer is YES.

https://act.webull.com/ion/dKGWIokuK...eel/wb_oversea

Question #2
Answer is NO.

Let's see why.

First of all INS Doesn’t exist since the early 2000s, that agency doesn't even exist. So no you wouldn't get in trouble with them.

Let's assume you are talking about DHS for the sake of continuity.

When you choose Permanent Resident, you are not lying. So no you would not get in trouble. If they meant "LEGAL Permanent Resident" LRP that's on them not on you. But it's obvious that's not the question as RP (Permanent Resident) is not a legal term so you are not binded by it. The only place where you'll find such term is in the IRS. Legally, the IRS treats non-citizens that meet certain criteria as Resident Alien, there for Permanent Resident.
This criteria is substantial presence.


This is what I have elaborated thus far.

Re: DACA & Stocks + Webull / Robinhood
 

You’re still treating this as if this is a tax issues lmao bro we are in a forum about immigration and many users here are wondering if lying in investment apps about our status would harm us in the future if the chance ever presented for us to adjust. Do you get it now? You’ve taken your pills yet?

Re: DACA & Stocks + Webull / Robinhood
 

You obviously don't know what you are talking about.
Brokers care about your tax status because they are legally required to report taxes on your profits and losses.. their job is related to profits and taxes, yes it's all about taxes. I have been using these apps for quite some time. Obviously you haven't. Yet you speak as if you were the voice of reason when you have no clue.

Re: DACA & Stocks + Webull / Robinhood
 

We ain’t taking about tax broker. No one is asking WHY these apps require our status lmao

See how you keep digging yourself deeper in deeper. All I am doing is walking around you while you keep digging your hole. Again let me make it easier for you. Lying about status is bad. Bad is lying about status. It’s a big no no - would lying bad ever come back and bite us if we ever tried to adjust?


I wanna help you by throwing you a rope but you keep digging yourself deeper and deeper. You might hit China

Re: DACA & Stocks + Webull / Robinhood
 

I still don't see your point

Re: DACA & Stocks + Webull / Robinhood
 

We are NOT asking if , we, for tax purposes are permanent residents we already know this because we are filing our taxes so no one is questioning what you’re trying to say. We GET IT. We get that RH require us to be for the purpose of filing taxes, to be legal permanent residents. This isn’t what is being questioned. What we are asking, when Robin Hood and other stock trading platform ask for our legal status, would USCIS care enough if we lied about our status when applying for these apps. The apps ask us very straight forward questions. Are you a legal resident/USA citizenship? Would this bar us from adjusting if the chance ever happened? As you know we cannot claim citizenship, I personally don’t know if this only for federal forms or agents or everything else.

Do you understand what we are all talking about?

Re: DACA & Stocks + Webull / Robinhood
 

You are so clueless

Re: DACA & Stocks + Webull / Robinhood
 

I love how everyone else understand what’s going on except you lnao even 2Face agree we are not legal residents yet here you are digging your hole. I think you hit water now. If you don’t die for a tunnel collapse you’ll died from drowning

Re: DACA & Stocks + Webull / Robinhood
 

Everyone? That sounds like a battalion, is that your way to try to find self assurance. You go back in circles to yourself old arguments which have already been defeated.

A narcissist never accepts they are wrong, so they tend to go back in circles.

So you want to make the subject now something hypothetical, and make people afraid of doing something that is perfectly legal. Even your statement and assumptions above are wrong.
You have no clue what you are talking about.

You want to narrow down the subject to merely immigration purpose, but that is based on the false premise that something illegal is being committed, which is not the case.

You self assure yourself, go ahead, talking about how "everyone" agrees with you, you are a laughable, but at the same time a time waster.

So yes there are - I guess two ways that the question could be interpreted. The one that is based on facts and the hypothetical one.

Even in the latter you would be wrong, but I just have no time to keep answering the same thing, because you keep going in circles.

Re: DACA & Stocks + Webull / Robinhood
 

How many edits you’re gonna make? PM when you’re done! I wanna be able to reply to the final form of your aspie reply

Re: DACA & Stocks + Webull / Robinhood
 

Final form? I faxed a typo. You sure like to go back in circles

Re: DACA & Stocks + Webull / Robinhood
 

Everyone knew to wonder what would the negative implications would be to lie about your status. Everyone but you lmao “Nah dawg you see we are permanent legal residents”

Uhmmm no we are not

“According to the IRS we are!! Case close!!!! I win I win!!” This isn’t about if for purposes we are considered PR - but would lying on RH or other stock trading apps about our legal status have negative consequences later in life? Would USCIS care?

Re: DACA & Stocks + Webull / Robinhood
 

You are mistaken. That is not what you said. Plus you keep saying it out of context

Re: DACA & Stocks + Webull / Robinhood
 

The IRS phrase is “Resident Alien.” We are all resident aliens for tax purposes. We are also “US Persons.” But NOT Permanent Residents. Please do not sign any application calling yourself “Permanent Resident.” I’m a CPA if that adds any credibility.