We might even think that thanks to the fact that we now live in an interconnected world, we can do any online activity from anywhere. This can apply
We might even think that thanks to the fact that we now live in an interconnected world, we can do any online activity from anywhere. This can apply to many activities, but not to forex on sites like https://www.fxforex.com/es/ or similar activities.
Those who have decided to invest in forex trading should know that the choice of country is extremely important and above all influential. So if you are also one of them then this post will be very important for you.
best countries for forex
If we decide to live on investing in currency trading, it is important to know in which countries we can make our investments to stay calm during times of any inconvenience. There are countries that have fully regulated this activity and they are the ones that we should undoubtedly occupy.
Let us see that we have selected the best countries that we have developed by analyzing factors like security, law, responsibility and much more.
Swiss
It was to be expected that the first country to be on our list would be Switzerland. There is total regulation on this type of investment in this country.
It has an institution for the supervision and regulation of financial market activities, which has served as a world reference. it’s about Swiss Financial Markets AuthorityFinma.
This body is 100% government in charge of ensuring transparent operation of stock market, banks and other financial operators. The state establishes the collection of small taxes for investors, but in the case of investments in the stock market, the taxes will not be paid as they are exempt from it.
United Kingdom
The United Kingdom is another country that is suitable and 100% recommended for business investment. It maintains the same regulatory conditions as the Swiss government. It has its own regulatory body and a set of laws that govern these activities.
Romania
Our third country is Romania, a country that pays tariffs and taxes to its residents. This has a huge advantage when it comes to being a trader, as the profits gained through forex trading operations can be withdrawn through duly formed companies in a 100% safe manner.
territorial taxation countries
The so-called countries with territorial taxation are particularly favorable to forex investors. The reason is very simple, they are taxed only on profit earned in their area.
So, if we invest in foreign platforms, our profits will be free from annoying taxes.
One of the countries that has this law is Thailand, which in recent years has become a haven for currency trading lovers.
In addition, it is a country with a low cost of living, so the savings potential may be high for larger investments later.
Surely you must be wondering what other countries are similar to Thailand? Let’s look at the following list, they each have similar laws:
Panama
Costa Rica
Paraguay Georgia
Filipinas
Malaysia
Most popular currencies in these countries
Forex is a currency trading activity. The correlation of currencies in pairs and you have one strong currency and another that fluctuates.
Now, there are many different types of currencies but obviously there are some that are more popular than others. The main reason is the stability they provide, which translates into security in forex transactions. Among the most popular are:
EUR/USD
USD/Yen
GBP/Euro
USD/CHF
AUD/USD
USD/CAD
NZD/USD
Whenever we are going to establish ourselves as professional traders, it is necessary to invest only in authorized platforms.
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