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.