There is likely little or no tax advantage in establishing an offshore brokerage account. TRADEXdirect is currently not accepting clients without written acceptance of this Policy that are residents or citizens of the United States of America, Canada, Panama or the United Kingdom.

DISCLAIMER:

TRADEXdirect does not provide legal, accounting or tax filing and reporting services. Materials, information or investment advice given by TRADEXdirect is not intended as a substitute for professional legal or accounting advice. U.S., Canadian and United Kingdom citizens should be especially careful to seek out and utilize the advice of an appropriate professional with experience in offshore planning as it relates to their tax obligations in their respective country of residence or citizenship.

Clients of TRADEXdirect are specifically advised and warned that they should seek appropriate and timely tax and legal advice from a qualified professionally licensed firm.

Tax obligations that arise as a result of residence or citizenship are the expressed responsibility of the client who shall declare this responsibility on establishing an account at TRADEXdirect. TRADEXdirect, its subsidiaries, employees, consultants, advisors or affiliates are not responsible for the failure of any client to comply with their domestic laws and reporting requirements.

"U.S. Persons" (citizens, residents, individuals, companies, etc.) are subject to taxation on their worldwide income. Income earned from a U.S. Person's investments anywhere in the world is included in their taxable income. Holding funds in offshore banks or brokerage houses will not exempt them from this rule. The IRS has a special unit to enforce violations using what they call "Abusive Trusts." Many offshore service providers, including uninformed foreign and American attorneys, accountants, company formation organizations and others propose "offshore plans" that amount to illegal tax evasion.

DUE DILIGENCE:

Due to the national and international regulations on the prevention of criminal activities, money laundering, and terrorism financing, TRADEXdirect strictly implements Due Diligence guidelines and procedures. While we respect and honor the confidentiality of our clients, corporate and individuals, we are committed to undertaking thorough due diligence of both our clients' identities and the nature of their businesses. It is our obligation not just to undertake a full and proper due diligence of our clients' and their current needs, but also to monitor and ensure that their business activities do not breech any national and international regulations with regards to money laundering, and terrorism financing. Clients are therefore required to sign particular relevant agreements and disclosure. This formal approach to due diligence benefits both TRADEXdirect and our international client base. TRADEXdirect reserves the right not to accept any client.