Question: Should I pay taxes for my profit? Will FXTM report to my tax authority?
Paying taxes is your personal responsibility. Please reference the legislation governing your region or seek independent advice.
FXTM will inform client’s tax authority, only if it is required by regional legislation and/or regulations.
Generally speaking, paying taxes for the profit earned by online Forex trading is a very normal thing in many countries. You may contact your accountant or tax authority for more details.