Which Dealers/Brokers Report to Tax Authorities?

Just moved to Germany recently, and I am looking at opening up some new FOREX trading accounts.

Anyhow, I am also a U.S. Citizen. But I am not a tax resident of Germany.

In any event, can anyone shed light if FOREX.COM or OANDA report trading activities to the tax authorities in the U.S. or Germany?

I asked FOREX.COM, but they won't give me a straight answer, but instead tell me to consult a lawyer or a tax accountant. I think their answer stems from the fact that they probably are using non-native English speakers that have been trained if you see the word tax to just give a standard answer.

Why would you trust a brokers word when it's the tax authorities that you could get in trouble with?

Get the word directly from the horses mouth, speak directly with a tax consultant, it's worth it.

Ok. Please explained to me how a tax consultant could possibly know what a company like Forex or Oanda will be reporting to the tax authorities?

Tax consultants work with what you put before them, they do not dictate or divine the action of a third party like Forex or Oanda. That is unless I woke up in a different universe and tax consultants now have the ability predict the future or read other minds.

In any event, perhaps I should be a little more clear. So, I will refrase it.

Has anyone on this forum experienced where Broker/Dealer report capital gains to the tax authorities of Germany or the US?


My previous experience with Oanda in the past was that they reported interest only.

Good luck

I am not trying to evade taxes. Starting to think that people on this forum don't really trade forex in a live account.

Why I am trying to do is cause issues with a government that has issues with understanding a treaty that they signed not to tax certain individuals that happen to reside in their country.

For example, I don't register at the Rathaus, because if I do, they send me a letter wanting me to pay a TV tax. And then, I need to go to legal to have them write a letter explaining to the folks that I am exempt. With that said, the current treaty says I have the option of registering or not registering. But everyone knows, unless you want to spend your time educating a clerk about a treaty that their government signed, it is better not to register. BTW, there are huge fines for people who live here who do not register. So, in essence, I have learned not to wake up parts of the German government if I can avoid it. In essence, it is best to fly under the radar whenever you can, even though you have the legal right to be flying where you are, since there are idiots manning the guns, and tax collectors have a habit of sending you a tax bill and making you go to court to prove that you don't have to pay them. And this crap has been happening in Germany for the past several years as they try to tax U.S. Military service members, who then have to expend monies on lawyers to prove that the government is wrong. Granted, here in Germany the loser of a lawsuit pays the victors legal fees, but who wants to go through that crap. As to the IRS, I am a U.S. Citizen as stated, and therefore I will always have to report my income to the IRS to the day I die.

Broker will give your tax authority information after they ask. Or not.
But it doesn't matter. In most countries all your income, all that comes to your card/account will be automatically calculated as income. Then you have to argue/demonstrate to your tax authority that not all was income. For example you have deposited 10000$, and wd 10100$. So 100$ is income not the whole sum.

It seems to me that a brokerage company must pay taxes and follow all the rules and legislative canons, because it is directly related to large financial transactions and it must be organized according to all the rules. Because this is the safest conditions for traders, because they understand right away that the company works transparently and they don't try to hide anything from users or regulatory bodies - I think that's the right and the safest solution and it should be like that everywhere. And if you notice any inaccurate answers or hiding certain data - then you have to give it up without regret.

Well, this is certainly not a simple question. Because many companies of course try to save on that in all honest and dishonest ways...
And they can potentially not save on the quality of services for traders themselves - that is, they can get access to a good trading platform, effective indicators, and other things, but the company may not pay taxes in full.
Of course, you really have to try and gather as much information about it as you can because it's never superfluous and it allows you to invest and work without too much stress. You have to agree that this makes a difference in any circumstance and in any business.
So you're doing it right - you don't have to trust just anything...

Which Dealers/Brokers Report to Tax Authorities?


The question is simple.

Every Institute reports earlier or later to the tax authorities.

Don´t forget, money is not invisible anymore.

We germans thought we can keep our 2 cents for retirement safe and unknown in Switzerland..
.... until they reported .......

Institutes inside the European Union answer earlier, that is it.