Question:Is my profit on MT4/MT5 considered a taxable income?
XM - What's now?
XM has updated the maximum leverage to 1:1000 in June 2022.
Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
Answer:
It depends upon the regulations imposed by your local authorities.
As a rule, normally profits from trading should be reported in your tax return.
Please check the rules and regulations governing your region in regards to taxable income.
XM do not submit any information relating to clients’ taxable incomes.
For more information about XM’s regulations and other terms and conditions, please visit the Official Website.
