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TraderTero replied Oct 18, 2023It's definitively a grey area but being a independent contractor is not the key issue here as this is just made because prop firms want to make sure that they will have no tax liabilities. In Finland the regulators and tax authorities work ...
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TraderTero replied Oct 17, 2023The prevalent VAT rate in Germany stands at 19%. A lower VAT rate of 7% is applicable to certain goods and services. Meanwhile, some services, like banking, health, and social work, are exempt from VAT.
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TraderTero replied Oct 17, 2023In Finland there is no sales tax on financial services and the income generated is in reality revenue share so I would just declare them as trading profits (capital gains).
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TraderTero replied Oct 17, 2023Financial services are usually exempt from sales tax. The income is based on trading capital and profits generated so I would definitively try to claim it as capital gain. The keyword word here is "revenue share".
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TraderTero replied Oct 17, 2023You don't need to pay sales tax unless you are being charged for sales tax. You should also be able to claim the income as capital gain.
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TraderTero replied Oct 14, 2023You can get one for a fixed monthly fee without having to pay any revshare and have your own developed in less than six months. There are plenty of skilled system developers around for MQ api.
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TraderTero replied Oct 14, 2023Like I said before you don't need any of those prop firm white labels in order to run a prop. Never understood why someone would give away 30-40% share for the services they provide.
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TraderTero replied Oct 14, 2023The same slippage, delays and increased margins in order to simulate real live conditions can also be configured on MT4 server level without the need of any other technology provider so for the industry complaints against one technology provider is ...
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TraderTero replied Oct 14, 2023There are several technology providers to choose from in case one gets in trouble. In any case a technology provider should be pretty much immune against a complaint as the end user (prop firm) is the one who decides what kind of settings they wish ...
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TraderTero replied Oct 12, 2023A more likely approach would be for MQ to require every prop firm to have their own MT5 server in order to be able to collect more money from the prop industry.
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TraderTero replied Oct 5, 20231:10 leverage on Instant funding & Direct funding accounts.
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TraderTero replied Sep 25, 2023Looks like Plane could replace Deel: url E8 using them already.
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TraderTero replied Sep 24, 2023Very few props are still using 8cap as most have gone over to Thinkmarkets. I don't think CFTC has anything to do with this. BB is not a white label of 8cap any more.
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TraderTero replied Sep 23, 2023Sure but as long as they go after individual companies there will be no ban for taking US clients and some props could even continue operating in US until they change the regulation.
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TraderTero replied Sep 23, 2023I might be wrong but I see CFTC targeting just one entity, not the whole industry like in the Binance case. The end result might not necessarily be that US clients would be banned from using prop firms. In order to ban the whole industry, they ...
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TraderTero replied Sep 23, 2023Did MFF actually claim to be a forex broker. If so then that could make a difference compared to other props: url According to regulatory filings, the OSC launched an investigation into Ontario-based TGG and Kazmi, in response to a request from ...
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TraderTero replied Sep 22, 2023I was mainly referring to payment gateway blocking and the time line. The whole prop firm industry needs first to be made illegal in US before they can start to block funds transfers the same way as with online gambling. Right now we are far away ...
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TraderTero replied Sep 22, 2023Much bigger risk atm for not being paid by the prop than payment gateway issues. E8 is probably running out of funds currently as there has been signs of than for the past 3-4 months and they are using the deel issue as an excuse for delaying ...
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