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If it comes to taxes, you'll have to pay it that way or another.
Tax system can vary in diffrent countries, in most of them capital gains tax exists, so you have to pay it, if it does't exist you have to sum up all of your incomes including forex gains and pay tax according to normal tax rate that is binding everyone.
So i think it is better when they separate capital gain tax from personal tax and give it a lower rate, for example 15% not 40%.
Someone said Oanda has low leverage
if you really know what trading is about, 50:1 would be too much for you,
I can't even imagine how can someone trade at 200:1 or 400:1
for me that is suicide, if you use it on such a hard market as forex where liquidity can kill you in seconds on 400:1.
right, I just meant that there was no 15% extra taken by Bulgaria.
What I was meant about "offshore" was asking about why Bulgaria is "safer" for your money than an offshore broker. I think that was being claimed.
Quote:
Originally Posted by haubentaucher
For most people is more!! If you pay 30 % taxes for your income you als have to pay 30 % for forex wins.
They do it, because they don´t want that you transfer `black-money`.
In Swiss the same will be in 1-2 years. If you have an account in USA, you pay no taxes in USA . if you don´t pay taxes also in Germany you can go in prison . so are taxlaws in germany. and bulgaria wants to become EU Member and so they have to do it as they do it now.
if you buy a house and you have a lot of money and you can`t say where it comes from you have a BIG problem. if they find an account in foreign country they will ask and they will get an answer from the broker. I think offshore broker also.
Regarding STS, what happen if the originated country didn't charge any tax for forex realted things ? If STS charge 15% tax, surely it will be an additional cost. Thank you in advance
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
I had just assumed that with DTTs you basically just prove that are or will be a taxpayer of your country of residence and that your country has a DTT with the other country. Then the other country doesn't apply any witholding tax.
But I don't really know anything so it is better if people with experience in these kind of things post. But to me it just sounds like how that would work.
Quote:
Originally Posted by firedave
Regarding STS, what happen if the originated country didn't charge any tax for forex realted things ? If STS charge 15% tax, surely it will be an additional cost. Thank you in advance
If the country where you live and pay your normal taxes don't have a separate capital gain tax or you don't have to pay tax from your capital gains by the legally binding tax regulations (in other words it's tax free,) then yes that would make additional cost (it may be huge cost when you trade big numbers .
That's why I think they shouldn't collect tax from investors gains,
Tax problem should be investor problem, he is the one that should pay it when the time comes not the broker.
Good brokers leave that problem to their clients, and that's the way it should be.
As to STS I think they have no choice, the law regulations in bulgaria obligate them to collect tax from capital gains, and that is where the problem lays, it's about the law in bulgaria, not about the broker good or bad will.
__________________
It's not trading for living, it's living for trading
Hi, Has anyone open a account with Real Trader ? cause I'm wondering if anyone has any good or bad news about them? also I'm thinking about opening account with neuimex as well cause both have egold funding and neumix has paypal. Ive download the MT4 from both market makers to see what the quote differences are.. which is a couple of pips difference between both market makers.. just in case they start to churn my credits to losses...Anyway if any out has experience with theese companies or know of better companies that use MT4 with egold or paypal funding. add to this post..
Cheerz
Hi guys...
After all , there is no perfect broker... so should i leave forex forever or become a broker ???
Well said ...indeed we all should join the ranks of these so called brokers that are all out to get us ...... but would we be any happier ???
Somehow I doubt it
They used to increase their spread from -2 to -12 pips at news release time.
I saw this many times. Only looking to hit our stop loss limit
Anyway I also used FXCM the spread is FIX -3 but I am now looking for a more tight spreads. Also FXCM is not a good broker. They also run the dealing desk they are Market Marker + Broker ;-)
I read it many times in different forums that FXCM lose when client win.
Means they open lots against their clients positions.
Because they know the clients positions due to their deailing desk.
Anyway I am looking for a -2 pip spread in EUR/USD.
I found Oanda they offer -1.5 pip spread in EUR/USD but the leverage is only 50:1 while mostly brokers offer 200:1 leverage.
anyway thanks for helping.
Best Wishes,
DAVE
Dave, Oanda are a good company ....but they also increase thier spreds if you take time to read their web page , they tell you up front , they use variable pip spreads according to market conditions. it can go right out to 17 pips.... but they have a lot of happy traders
nuerex , explain how they take the opposite position to the trader to proctect themselves....so I guess most do
So if you or anyone finds the perfect broker let us all know
. so are taxlaws in germany. and bulgaria wants to become EU Member and so they have to do it as they do it now.
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