Anonymous trading on forex or stock exchange

Every year the state increasingly strengthens control over the income and expenses of its citizens.

Income received as a result of exchange activities, trading on the Forex currency market or the stock exchange is no exception.

You can learn the nuances of taxation from the article at - https://time-forex.com/info/nalogi-s-zarabotka-na-foreks

It would seem that there is nothing simpler - pay your taxes and sleep well, but only people who have never encountered our tax authorities say this.

It just so happens that integrity in our country is punished more often than various frauds.

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As soon as you declare your income, it will immediately turn out that, in the inspector’s opinion, you have not paid extra somewhere, a penalty will be charged and inspections will begin.

Therefore, most traders still prefer anonymous stock trading. At the moment, there are two options for not particularly advertising your income:

Offshore – trading on behalf of a legal entity; this option is more suitable for large investors, as it requires regular payments for an offshore company.

The average fee for an offshore company and bank account is about $1,000 per year.

Cryptocurrency is a simpler option that is suitable for literally everyone. Even though the overhead costs for exchanging cryptocurrencies are still high at the moment, it is still more profitable than paying income taxes.

Forex anonymity

In addition, some brokers allow you to replenish and withdraw funds through cryptocurrency wallets even without account verification, which also allows you to maintain anonymity.

Read more about this option here - https://time-forex.com/sovet/pribyl-kripto

Almost the only disadvantage of this method is the lack of stability of cryptocurrencies, so it is advisable to use stablecoins or make a withdrawal when the price of a cryptocurrency falls.

Anonymous trading will save you from unnecessary complications in taxation, while cryptocurrencies should be used directly when paying for goods and services, and not withdrawn to your bank account.

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