Take charge of your risk, stifle unexpected price jumps, and yield profits with stop-loss and take-profit orders. Seamless multi-chart toggling. Effortlessly toggle in and out of up to six tabs, keeping a close eye on all the charts and instruments in your arsenal. Second-by-second fluctuations. Markets move at light speed. Our dynamic price alerts let you stay in sync with big moves in real-time.
Smartfeed Get relevant financial news delivered directly within the app. Trade on a spread betting platform that keeps you in the loop of latest market developments. Fantastic user experience Trade on an intuitive app that has a sleek design. Manage your existing positions with ease and keep track of them. Download now. This may sound appealing, but such traders are also not eligible for any tax claims on their losses. The other classification is a self-employed trader, who will be liable to pay business tax.
Self-employed traders are eligible for claims on their losses. Some traders especially big accounts are classified as private investors- and they are liable to pay capital gains tax. There is also the broader classification of full-time and part-time forex traders.
Full-time traders those who trade for a living are liable to paying income tax at their relevant rate, whereas part-time traders are considered spread betters who do not incur any tax liability. Canadian Online Trading Taxation Process UK tax laws regarding forex trading are largely considered progressive, but they are also a little ambiguous. This is not the case with Canada, where the CRA has clearly classified forex traders as either investors or business owners.
Investors are highly capitalised individuals who trade infrequently, or rather, have a long-term view on their investments. Most forex traders, however, fall under the business owner category. As such, profits and losses are considered as business income, not capital.

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