Anonymous trading on Forex or the stock market

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

Income received from stock exchange activities, trading on the Forex currency market or the stock exchange is no exception.

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

It would seem that nothing could be simpler – pay your taxes and sleep soundly, but only people who have never dealt with our tax authorities say that.

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

As soon as you declare your income, it will immediately turn out that, in the inspector's opinion, you have underpaid something somewhere, a penalty will be charged, and inspections will begin.

That's why most traders still prefer anonymous trading. Currently, there are two options for keeping your income under wraps:

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

On average, the cost of an offshore company and bank account is around $1,000 per year.

Cryptocurrency is a simpler option that suits virtually everyone. Although the overhead costs of exchanging cryptocurrencies are still high, it's still more cost-effective than paying income taxes.

Additionally, some brokers allow deposits and withdrawals through cryptocurrency wallets even without account verification, which also allows for anonymity.

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

Almost the only drawback of this method is the instability of cryptocurrencies, so it is advisable to use stablecoins or make withdrawals when the price of cryptocurrency falls.

Anonymous trading will free you from unnecessary tax complications, and cryptocurrencies should be used directly to pay for goods and services, rather than withdrawn to your bank account.