Company
Taxes on trading income
The company does not withhold taxes on behalf of clients: you declare your income yourself in the country where you are tax resident. Below are general rules and documents that help.
This is general information, not tax advice. Rules differ between countries and change — check with a tax adviser or your country’s tax authority.
What is usually taxed
Profit on trades
The difference between open and close prices on all positions closed during the year, minus losses (where the law allows).
Swaps and adjustments
Overnight charges and dividend adjustments on stocks are also part of income.
Exchange differences
If the account currency differs from your national currency, income is converted at the rate on the date of each operation.
An account with a foreign company
In many countries residents must not only pay tax but also report accounts held abroad.
Account opening notice
For example, Russian tax residents must notify the tax authority of an account opened with a foreign financial institution and file an annual report on cash flows in it.
Income tax return
Trading income is declared in the annual tax return within the deadlines set by your country’s law.
CRS — information exchange
Over 100 countries exchange information on non-resident accounts under the OECD CRS standard. Financial institutions may ask clients for a tax residency self-certification form.
Documents
Annual account statement
Trades, swaps, deposits and withdrawals for the calendar year. Request it from support — we will send it within a few business days.
Account confirmation
A letter confirming that you hold an account with the company, with company details — for notifying the tax authority.
Ready to start?
Sign-up takes a couple of minutes. Your trading account will open in the client area.