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  • #19,301
  • Aug 31, 2023 5:54pm Aug 31, 2023 5:54pm
Quoting navk
Anyways.. No to VPN. Be legal and trade legal. Pay taxes.
The part that you are confusing is that as a Canadian resident you can't trade in Cyprus for example.
In order to trade in Cyprus you need an address in the Bahamas as one example.
You setup an address and VPN from the Bahamas to trade in Cyprus.
To comply with Canadian and Bahamian income tax rules you declare the income in Canada. All the rules are complied with.
  • #19,302
  • Aug 31, 2023 5:58pm Aug 31, 2023 5:58pm
Quoting navk
{quote} 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 ?
Lets say my parents are staying in UK, I am staying in Canada and use their name, bank account and documents and VPN to fund spread betting forex account.
In UK spread betting is tax free. Now my parents gift me which is tax free in canada. No CRA or IRA can tax me on that.
  • #19,303
  • Aug 31, 2023 5:58pm Aug 31, 2023 5:58pm
Quoting dantpm
{quote} The part that you are confusing is that as a Canadian resident you can't trade in Cyprus for example. In order to trade in Cyprus you need an address in the Bahamas as one example. You setup an address and VPN from the Bahamas to trade in Cyprus. To comply with Canadian and Bahamian income tax rules you declare the income in Canada. All the rules are complied with.
Why to choose some third world nation for trading ? Cyprus ... the last one i will be interested in trading.

I am now with Canadian firm, British firm and texas firm and prague Firm.

First thing, do not get flagged by firms by following illegal practices.

Secondly pay taxes wherever you live.

Peace will prevail.
Intraday only.
  • #19,304
  • Aug 31, 2023 5:59pm Aug 31, 2023 5:59pm
Quoting navk
Anyways.. No to VPN. Be legal and trade legal. Pay taxes.
in the philippines, u don't get taxed with trading. prop firm or broker. the only tax i pay right now is the vat of the goods i use.
  • #19,305
  • Aug 31, 2023 6:00pm Aug 31, 2023 6:00pm
Quoting sampat
{quote} Lets say my parents are staying in UK, I am staying in Canada and use their name, bank account and documents and VPN to fund spread betting forex account. In UK spread betting is tax free. Now my parents gift me which is tax free. No CRA or IRA can tax me on that.
If something is legal one can do it as long as Prop firms allow VPN and do not flag those accounts.
Intraday only.
  • #19,306
  • Aug 31, 2023 6:00pm Aug 31, 2023 6:00pm
my goodness.https://cdn.discordapp.com/attachmen...4034/image.png
  • #19,307
  • Aug 31, 2023 6:01pm Aug 31, 2023 6:01pm
so we cant withdraw nor trade untill 11?
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  • #19,308
  • Aug 31, 2023 6:01pm Aug 31, 2023 6:01pm
yeah i was just about to write that crazy MFF now what
  • #19,309
  • Aug 31, 2023 6:03pm Aug 31, 2023 6:03pm
i would expect this to happen to other firms but man, with mff? i even think its #1 firm but dude. i have supposed pending withdrawals with them but what now.
  • #19,310
  • Aug 31, 2023 6:03pm Aug 31, 2023 6:03pm
Quoting KoyaAndy18
my goodness.{image}
Haha again Canada same thing happed with Funding talent.
  • #19,311
  • Aug 31, 2023 6:04pm Aug 31, 2023 6:04pm
if MFF do this prop firm industry will collapse..
MY OPINION NOT FINANCIAL ADVISE
  • #19,312
  • Aug 31, 2023 6:05pm Aug 31, 2023 6:05pm
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Intraday only.
  • #19,313
  • Aug 31, 2023 6:05pm Aug 31, 2023 6:05pm
Quoting KoyaAndy18
i would expect this to happen to other firms but man, with mff? i even think its #1 firm but dude. i have supposed pending withdrawals with them but what now.
Don't you think it makes more sense to go after top firm? Why would they go after somebody who doesn't have any name?
  • #19,314
  • Aug 31, 2023 6:08pm Aug 31, 2023 6:08pm
hoping this is just a false alarm. i have 5 percent profit currently with mff. that money is a lot for me, but shit man please mff you are my go to firm, i gave them my full trust, i would badmouth fucking eightcap, fucking tff but mff please dont do this to me OMG.
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  • #19,315
  • Aug 31, 2023 6:08pm Aug 31, 2023 6:08pm
Quoting donfriday
if MFF do this prop firm industry will collapse..
Not really people will start incorporating in offshore location where rules are liberal and governments are not after you.
  • #19,316
  • Aug 31, 2023 6:10pm Aug 31, 2023 6:10pm
Quoting KoyaAndy18
hoping this is just a false alarm. i have 5 percent profit currently with mff. that money is a lot for me, but shit man please mff you are my go to firm, i gave them my full trust, i would badmouth fucking eightcap, fucking tff but mff please dont do this to me OMG. {image}
Well its government not FIRM sooner all north American firms will get same thing.
  • #19,317
  • Aug 31, 2023 6:12pm Aug 31, 2023 6:12pm
Until september 11 th and later.. no business.

Mine as well as others profits in accounts.

My next profit share is due too.
Intraday only.
  • #19,318
  • Aug 31, 2023 6:14pm Aug 31, 2023 6:14pm
Quoting sampat
{quote} Not really people will start incorporating in offshore location where rules are liberal and governments are not after you.
yes
Intraday only.
  • #19,319
  • Aug 31, 2023 6:17pm Aug 31, 2023 6:17pm
i have a position open....the rule is all positions must be closed before weekend...what now?

i am with them for a year now...and just started doing better and getting payouts....and finally got used to MT4 and my charts.....do you know any other MT4 broker .......actually they are making profits and have 0 downside with me, and they get 60% i get onyl 40% (when you include fees and 50:50 payout ratio)
  • #19,320
  • Aug 31, 2023 6:17pm Aug 31, 2023 6:17pm
I really dont understand why US and Canadian governments are not after FOREX.COM and Oanda they are biggest scammers where spreads are way big slippages etc and what they did in swiss tsumani.....
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