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  • #19,281
  • Aug 31, 2023 5:15pm Aug 31, 2023 5:15pm
Quoting KoyaAndy18
people are panicking on mff discord. mff mt5 not moving compared to other props.
MT4 down as well. I wouldn't panic. MFF not going anywhere.
  • #19,282
  • Aug 31, 2023 5:19pm Aug 31, 2023 5:19pm
Quoting navk
{quote} I understand masking. Firms can not detect this ? If some trader want to use some expert for his/her trading, it is more of VPN. Right ?
Firms cannot trace through the VPN to your end location, that it the point of the VPN.
You could use an EA, a surrogate or whatever else you want through the VPN.

Canada has started censoring the internet. A VPN allows you to bypass the Canadian censors.

The other way to bypass the censors is to use the darkweb but I doubt that the Forex Firms would allow trading over the darkweb.
  • #19,283
  • Aug 31, 2023 5:19pm Aug 31, 2023 5:19pm
Quoting dantpm
{quote} Simply to mask their trading location. Let's say you were a US resident and wanted to trade overseas where they offer 500:1 or 1000:1 leverage. With a VPN you could pretend that you were based in another country that qualifies for the high leverage.
that would be waaaaaaay too easy. That does not work for US residents. Need KYC.
  • #19,284
  • Aug 31, 2023 5:21pm Aug 31, 2023 5:21pm
Quoting pipmaster77
{quote} that would be waaaaaaay too easy. That does not work for US residents. Need KYC.
  • #19,285
  • Aug 31, 2023 5:22pm Aug 31, 2023 5:22pm
Quoting dantpm
{quote} Firms cannot trace through the VPN to your end location, that it the point of the VPN. You could use an EA, a surrogate or whatever else you want through the VPN. Canada has started censoring the internet. A VPN allows you to bypass the Canadian censors. The other way to bypass the censors is to use the darkweb but I doubt that the Forex Firms would allow trading over the darkweb.
Canada the next China. Next will be USA. This is what happens when elections get stolen.
  • #19,286
  • Aug 31, 2023 5:27pm Aug 31, 2023 5:27pm
Quoting navk
{quote} why people in trading world use VPN ?
One use case. Your family members residing in some another country or wanted impersonate any other trader or person with or without consent.
Now a days it is bit easier as if you have documents you can finish KYC and deposit money in crypto and withdraw in crypto. You don't need bank account for withdrawals.
  • #19,287
  • Aug 31, 2023 5:29pm Aug 31, 2023 5:29pm
Quoting pipmaster77
{quote} that would be waaaaaaay too easy. That does not work for US residents. Need KYC.
any national need to do kyc.

So, some one trying VPN... may get banned stating that IP Address do not match with KYC address
Intraday only.
  • #19,288
  • Aug 31, 2023 5:29pm Aug 31, 2023 5:29pm
Quoting pipmaster77
{quote} Canada the next China. Next will be USA. This is what happens when elections get stolen.
Canada is shit for traders or in general any thing where you earn money government takes 40% Only thing Canada (current goverment) is promoting is have more kids get free money and freebies.
  • #19,289
  • Aug 31, 2023 5:31pm Aug 31, 2023 5:31pm
Quoting navk
{quote} any national need to do kyc. So, some one trying VPN... may get banned stating that IP Address do not match with KYC address
In addition to a VPN you would need an address to comply with KYC in the location you are trying to work from. In your case, India would probably provide a simple setup.
  • #19,290
  • Aug 31, 2023 5:32pm Aug 31, 2023 5:32pm
Quoting navk
{quote} any national need to do kyc. So, some one trying VPN... may get banned stating that IP Address do not match with KYC address
Not exactly if I am not staying in TORONTO i know somebody in TORONTO or steal documents and use VPN from Toronto and choose offshore broker (registered not illigal) and deposit in Crypto only thing broker will restrict is to withdraw same as source with in this case is Crypto.
  • #19,291
  • Aug 31, 2023 5:38pm Aug 31, 2023 5:38pm
Quoting dantpm
{quote} In addition to a VPN you would need an address to comply with KYC in the location you are trying to work from. In your case, India would probably provide a simple setup.
Now a days you get VPN from all major cities with only 2-3$ per month. If someone uses VPN from same location every time how that will prevent KYC?
  • #19,292
  • Aug 31, 2023 5:38pm Aug 31, 2023 5:38pm
Quoting sampat
{quote} Canada is shit for traders or in general any thing where you earn money government takes 40% Only thing Canada (current goverment) is promoting is have more kids get free money and freebies.
The leftist, liberal way........
  • #19,293
  • Aug 31, 2023 5:43pm Aug 31, 2023 5:43pm
Quoting pipmaster77
{quote} The leftist, liberal way........
yes, tax is heavy.

One can do like this.

Take the profits from Deel to home country. Then bring it back to canada !!

Non resident bank accounts in home country can easily transfer money back to canada.

This transfered money is from savings !!
Intraday only.
  • #19,294
  • Aug 31, 2023 5:43pm Aug 31, 2023 5:43pm
Quoting sampat
{quote} Now a days you get VPN from all major cities with only 2-3$ per month. If someone uses VPN from same location every time how that will prevent KYC?
To comply with trading rules you would have to establish the VPN from another country, say Europe to trade in Europe or Australia to Trade in Australia. Alternatively it may be easier to setup an address and VPN in the Bahamas and trade in Australia from the Bahamas where residents are only taxed on domestic earnings.
  • #19,295
  • Aug 31, 2023 5:46pm Aug 31, 2023 5:46pm
Quoting navk
{quote} yes, tax is heavy. One can do like this. Take the profits from Deel to home country. Then bring it back to canada !! Non resident bank accounts in home country can easily transfer money back to canada. This transfered money is from savings !!
Illegal. You are supposed to declare your foreign bank accounts and foreign income in Canada.
  • #19,296
  • Aug 31, 2023 5:46pm Aug 31, 2023 5:46pm
Quoting dantpm
{quote} In addition to a VPN you would need an address to comply with KYC in the location you are trying to work from. In your case, India would probably provide a simple setup.
Read my post below.

One can do kyc from canada and take the money from Deel to homecountry bank eccount, Non resident account.

No taxes levied.

And he can bring the money back to canada from savings account from other coutries.

So what is the use of VPN ?
Intraday only.
  • #19,297
  • Aug 31, 2023 5:47pm Aug 31, 2023 5:47pm
Quoting dantpm
{quote} Illegal. You are supposed to declare your foreign bank accounts and foreign income in Canada.
You are bringing money from savings ??
Intraday only.
  • #19,298
  • Aug 31, 2023 5:50pm Aug 31, 2023 5:50pm
Anyways..

No to VPN.

Be legal and trade legal.

Pay taxes.
Intraday only.
  • #19,299
  • Aug 31, 2023 5:51pm Aug 31, 2023 5:51pm
Quoting navk
{quote} You are bringing money from savings ??
So in year 1 you declare that you have $100 in your foreign savings account.
In year 2 you transfer $50,000 from your foreign savings account to your Canadian Bank Account.
Won't revenue Canada want to know where the extra $50,000 came from?
  • #19,300
  • Aug 31, 2023 5:53pm Aug 31, 2023 5:53pm
Quoting dantpm
{quote} So in year 1 you declare that you have $100 in your foreign savings account. In year 2 you transfer $50,000 from your foreign savings account to your Canadian Bank Account. Won't revenue Canada want to know where the extra $50,000 came from?
agree.

Say no to VPN.
Be a legal trader.

Trade legally and do not get banned.

And finally.. pay taxes.
Intraday only.
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