How To Deposit Money In Binomo In India

Spread Betting - Trading Without The Tax

Spread Betting is a form of trading stocks, or any other security by placing your trades on a brokers/bookmakers price rather than the actual market. Trading this way means (in the UK) you don't pay any stamp duty or become liable for capital gains tax on your profits (if there are any!).. But lets get down to the nitty gritty, stocks, indices, forex or commodities, ideas to trade or charts to watch... :) All welcome..

Do i need to fill in a p85 (UK tax)

This is a question for UK tax/accountants
I moved out of the UK 8 months ago, but I am still employed in the UK as a PAYE employee. I certainly won't be back in the UK within this year, and probably won't be back next year either.
Should I file a P85 and claim a tax refund? Is there anything I should know about before doing it?
Ive read the information on but honestly, I just feel even more confused as result.
As a secondary question, does anyone know how it would affect my auto enrolled pension?
submitted by Desperate_Lab_4947 to digitalnomad [link] [comments]

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading submitted by crytoloover to coinmarketbag [link] [comments]

Forex/Commodities Trading and Taxes

Hello, I have been trading since the start of the pandemic, and I'm now at the point where I get payouts ranging from 400k - 950k php.
I've always been told that forex trading is not yet taxable here; but now that I'm earning a hefty sum every month, I wanted to be sure.
Do note, these profits are not gains from my own money, but rather a prop firm's. Prop firms are trading companies offering equity to traders who have passed their challenges/tests. Once passed they are given an account (usually demo accounts) and whatever profit the trader makes on that account, they are given a percentage.
In my case, I have a 100k usd funded account with a prop firm in which I get paid out biweekly.
Should I be doing something about taxes, may kailangan ba gawin para maiwasan ang kung ano mang complications in the future?
I have no knowledge whatsoever about taxes and whatnot, all I know is how to trade.
Thank you.
edit: Took out the prop firm’s name as someone got triggered and called this post a scam advert. It’s not, I really am just looking for tax advice.
submitted by DeuxDR to phinvest [link] [comments]

Forex Trading Tax Canada | How Are Trading Profits Taxed?

Forex Trading Tax Canada | How Are Trading Profits Taxed? submitted by Canadanewsmediaca to Canadanewsmedia [link] [comments]

EURNZD, CHFJPY, CADCHF|All Eyes on UK GDP|How to Trade Forex | Forex Tra...

EURNZD, CHFJPY, CADCHF|All Eyes on UK GDP|How to Trade Forex | Forex Tra... submitted by ForexSimply to u/ForexSimply [link] [comments]

Forex trading and UK tax - seeking clarity

Hi all,
So, long story short, I'm in profit from forex trading. A significant amount £15k+. I've only made a few trades essentially copying and friend who trades for a living in HK.
I've essentially found quite contradictory information around forex trading and UK tax. Some saying I have to pay CGT akin to stocks and shares investing (not in tax wrapper). Others, saying, bet spreading is classified as gambling so is not taxable.
Can anyone clarifying?
I use MT4 app to trade forex.
Thanks in advance.
submitted by Nook-n-Cranny to UKPersonalFinance [link] [comments]

UK’s Hunt Says He Has to Raise Taxes to Fix Economy - Forex Factory

UK’s Hunt Says He Has to Raise Taxes to Fix Economy - Forex Factory submitted by TurnipFlashy9031 to digitraderupdates [link] [comments]

You Can Trade Forex, Indices, Commodities, etc. Great Instrument. But How Are CFDs Taxed?

You Can Trade Forex, Indices, Commodities, etc. Great Instrument. But How Are CFDs Taxed? submitted by cfdstraded to FOREXTRADING [link] [comments]

uk tax implications for full time forex traders

Hi all, can anybody help with the title question?
I have been trying to find the answer myself and it appears that as this is classed as spread betting there is no tax payments involved.
I find this hard to believe so can anybody please shed any light on the tax liabilities should I become full time trader and also would forrex differ from us30 for example.
Thank you in advance.
submitted by CodeFlat to UKPersonalFinance [link] [comments]

FOREX-Sterling rises to post-budget high in Asia; Aussie falls. TOKYO Reuters - Sterling rose to a fresh post-budget high in Asia, weighing on the U.S. dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts.

FOREX-Sterling rises to post-budget high in Asia; Aussie falls. TOKYO Reuters - Sterling rose to a fresh post-budget high in Asia, weighing on the U.S. dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts. submitted by LazyHose to fanews [link] [comments]

Is forex trading tax free in UK

submitted by s0arrz to Daytrading [link] [comments]

Taxes on futures/ forex trades

Long time lurker here. Sorry for the total newbie question but I’m trying to figure out how futures/ forex contract trades are taxed. I understand that futures are taxed differently than normal stocks with the 60/40. Do I get taxed on every trade I make? Or is the tax applied to what I have made net at the end of the year? I have been researching online and YouTube and cannot seem to figure it out.
I have been practicing with a paper account and have been doing pretty well. I just wanted to clear this up before I jump in and start trading with my real account.
Thanks in advance!
submitted by onesikryde to StockMarket [link] [comments]

Pound Plunges to a Record Low After the UK Vows to Press on With More Tax Cuts - briefly hits $1.0382 - Worst Day Trading Since July 4, 1776

Pound Plunges to a Record Low After the UK Vows to Press on With More Tax Cuts - briefly hits $1.0382 - Worst Day Trading Since July 4, 1776 submitted by marketGOATS to StockMarket [link] [comments]

Forex trading, tax and getting a mortgage in the UK

Hopefully this is ok to post here but I was wondering if there are any people here, particularly from the UK who have had sufficient success for forex to form the large part or all of their income and what were the implications for tax/NI. Finally, were there any issues getting a mortgage? I know if you are a successful sports trader you can provide all the Betfair statements you like showing consistent income but you would get laughed out the bank so I wondered if there same was true with forex.
submitted by sebking1986 to Forex [link] [comments]

What is % of tax rate in day trading stocks/forex in phillipines?

any anwers?
submitted by Youtube_ZxstyGM to phinvest [link] [comments]

US & UK Promo Codes - Forex Trading QuickStart Guide

US & UK Promo Codes - Forex Trading QuickStart Guide
We are the publisher of this audiobook.
We have US and UK Audible promo codes for our newest release, Forex Trading QuickStart Guide. If you're interested in a code, please let me know. Thanks!
Audible Link and Sample:
About Forex Trading QuickStart Guide:
In Forex Trading QuickStart Guide, author and veteran trader Troy Noonan draws on his decades-long career spent in the trenches of the foreign currency markets to outline the exact path that new forex traders should take.
The book presents insights distilled from thousands of trades on the global forex markets, including guidance on technical and fundamental analysis, interpreting charts, and mastering the psychology of successful forex traders.
Wild trading successes, the lessons learned from painful failures, and the resulting forex trading fundamentals that Troy has imparted to thousands of trading students are on full display in this book.
About the Author Troy Noonan:
Troy Noonan is an author, full-time professional day trader, trade system developer, and trading coach with decades of experience in the study of markets and their behavior. The original Backpack Trader, Noonan cut his teeth executing trades in internet cafes while backpacking through Europe and traveling in South America in the late nineties. Using the freedom that trading provides, he continues to travel the globe and execute trades from the road.
As a teacher and mentor, Noonan has helped thousands of students in more than one hundred countries take the plunge and find day trading success on their own terms. He has single-handedly developed and refined numerous effective trading strategies, including the wildly popular Counter-Punch Trader and Spotlight Master Suite methods, to name a couple of his most recent.
His signature strategies are simple, accessible, and highly effective for new and veteran traders alike. The durable and robust nature of Noonan's creations has been tested and proven time and time again--they are just as effective today as the day they were released.
submitted by clydebank_media to audible [link] [comments]

Must I pay taxes with profit withdrawals from Forex trading?

Hello all,
I have been very consistent in my forex trading and feel comfortable enough to withdraw a pretty decent amount.
Wanted to know if I should pay tax from my withdrawal and how do I go about doing that?
I just dont want to get in trouble from officials.
The broker I use is OctaFX btw and they do transfer to Malaysian banks.
If things are as consistent as they are, I can definitely use trading as a source of income.
Any help and info is greatly appreciated!
submitted by MiniSchumi5 to MalaysianPF [link] [comments]

Does anyone trade forex uk as there many income? If so is it classed as capital gains tax?

I have read that forex is tax free uk as it is classed as spread betting but also read that it’s classed as capital gains so not to sure on this.
submitted by EllisSimmons to Forex [link] [comments]

Trading Forex on H1B visa, anyone ? any restrictions ? Tax implications ?

Hello fellow Traders,
Is there any FX trader who is on H1B visa here in US and trading Forex ?
Just wanted to know before i start, if there is any restrictions as such or what kind of tax treatment we get for P/L from FX trade ?
Thanks in advance for your inputs. Best wishes !!
submitted by prakashred to Forex [link] [comments]

Forex trading tax

Hello, everybody. How many i have to pay taxes?
Are the tips that can help to pay less?
submitted by Hackvul to irishpersonalfinance [link] [comments]

Forex Trading UK- Tax free or not? Does it need to be with a UK broker? Does it need to be a spreadbet?

Hi All,
I'm looking for advice. I have started making some money doing forex trading. I use IC markets as a broker. I am resident in the UK and forex trading is my second income. I haven't withdrawn anything from my trading account. I am really confused about the "forex is tax free" condition in the UK.... so a few questions and really grateful for some answers!
1: Do I need to be registered with a UK broker in order to fall under the "forex trading is tax free, as long as it's second income" or does IC markets work for me?
2: Does it need to be a spread bet account? only a handful of companies do this, and they give a leverage of 1:30. I need 1:500 as my trading account isn't the word's biggest, tens of thousands gbp.

3: Do I need to file some sort of tax return?

I may have more questions as you lovely, learned people give me answers!
Thank you
submitted by jg019877 to UKPersonalFinance [link] [comments]


Start Forex Trading Business In The UK

Forex Trading Business In The UK
Starting any type of business can be overwhelming . Luckily , it's a process that can be broken into manageable steps . The same is true of starting a
forex business , even with the added challenge of learning the ins and outs of trading along the way . So , if you're looking to start a forex trading
business in the UK , these steps will help you set up the business plan that will eventually carry you to success .
Getting To Know The Basics Of Forex :
Forex is a wild ride from beginning to end , which makes it all the more necessary to gain a firm understanding of the basics early on . For those who
are new to the space , Forbes has a primer piece that explains the fundamentals -- such as how trades work ( traders buy and sell currencies to
capitalize on changes in their respective values ) ; when trades occur ( the market is open 24/5 ) ; and how currency is traded ( through the purchase and
sale of " pairs , " such that one currency is always being weighed against another ) .
Apart from reading primers like this , it's also wise to take the time to watch videos and tutorials , network with other forex traders on popular sites
such as LinkedIn , and listen to podcasts on the subject . The idea is to learn as much as you can about forex before jumping in head - first ( without
getting analysis paralysis , of course ) .
Understanding Currency Pairs :
The brief overview of forex basics above alluded to currency pairs , and it's particularly important for those exploring work in this market to
understand how to identify and make use of these pairs .
A currency pair simply lists one currency's value relative to another . So , for instance , the busily traded EUR / USD pair denotes the value of the euro in
U.S. dollars . When you buy a pair , you are buying the base currency ( the first one listed ) with the corresponding amount in the quote currency ( the
second one listed ) ; when you sell a pair , you are selling the base currency in exchange for the corresponding amount in the quote currency .
Read Full Here
submitted by AffectionateTrick972 to u/AffectionateTrick972 [link] [comments]

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