Answers
I'm based in the US and already have an US based FX account. Due to silly NFA rules and regulations I am thinking about opening a UK Forex account but am worried about potential taxes I would have to pay. Do I have to pay US and UK taxes if I have a UK based account and live in the US. I will not be spread betting.
If you are a USA citizen and open a private forex account in the UK you will only have to pay tax in the USA the same way you are paying will your USA account. The UK and USA and a double taxation agreement where no individual or company will pay the same type of tax in both countries. However if you open the account under a private company based in UK you will pay tax on the company profits in UK and tax on the dividends in the USA. You should consider both options depending on your tax bracket and the prevailing corporate taxes a private company may work out more cost effective.
tnij.org - 6 months ago i created my first FOREX account and till now i made enough money to buy this Porsche. It's amazing how much you can ...
I came accross a Managed Forex Account (FX Funds Group) that shows a past return of 80% for 2008!. This just looks too good to be true, even with 35% fees.
Does anyone have experience with such funds ?
Yes, it is too good to be true..
If I open a FOREX account with a broker are they going to check my credit?
no! you don`t! maybe you should try some demo accounts?
to see how good you are in Forex!
I'm ignorant about forex. I've just seen these as an ads from a certain website where I can open a free virtual forex account. Anybody who can explain what is it all about?
A virtual account sometimes called a demo account is what the broker will offer you so that you can test out their platform. You would normally see and perform the actions of a real trader accept that you will be using virtual money instead of real money.
A demo account is a great way to test out different brokers and also test out your trading strategies without costing you anything.
When trading with mt4 on a forex vps, can I log into my account from another location?
How do I stop trading when an EA is trding for me on mt4 trader?
I'll be grateful for answers.
Yes you can withdraw money. Just follow guide lines of your broker and you may easily withdraw money. You should cancel all your position before withdrawing money.
Regards
Nigeria: N150 Million Forex Scam - Sterling Bank Sues EFCC, Police
The bank, in the suit now before Justice Ibrahim Auta is praying the court to restrain the Inspector General of Police and the EFCC from doing anything on the case pending the determination of the suit. It is also praying the court to restrain the defendants from compelling it to release the fund in the middle of the alleged scam.
Other parties joined in the suit are a customer of the bank, Mabadi Limited, a bureau de change operator, one Adetunji Adewoye and his companies, Yaro Ventures and Trust Nigeria Limited.
Daily Champion recalls that some bureau de change operators had petitioned the IGP and EFCC alleging that some officials of Sterling Bank colluded with Adewoye to defraud them of N150 million, a development that led to the arrest and detention of the bank officials.
In its statement of claims, Sterling Bank claimed that in June this year, Adetunji Adewoye walked into its Opebi Branch office where he told the manager that he was expecting some money to be transferred into his account no: 238466148110 which at the time had been dormant for over 10 months.
How to Get Managed Forex Successfully ? - Singapore Stocks - Learn ...
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News
Nigeria: N150 Million Forex Scam - Sterling Bank Sues EFCC, PoliceAllAfrica.com - Oct 16, 2009
The bank further stated that on of June 25, 2009 the said account was credited with N105, 420, 000 which was paid into the account within the branch and Forex scam : Spring Bank sues Police, EFCCall 3 news articles »Forex Hound - Oct 16, 2009
All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or and more »
ForexTV.com - Oct 16, 2009
RTE.ieElsewhere, the European Central Bank said the euro area current account recorded a deficit of EUR 25.4 billion in the second quarter of 2009. Forex: European Economics Preview: Eurozone External Trade Data Dueall 106 news articles »
Forbes - Oct 16, 2009
Nevzat Oztangut, the head of an umbrella organisation for investors, said the tax would only be on forex futures and bond yields, not on equities. and more »Forbes - Oct 14, 2009
'I can accept to a certain degree that for the sake of financial stability, we need some sort of regulatory framework, but (proposed forex lending curbs) and more »