fx trading for the longterm and tax issues

hello,
i am planning to do forex trading for a long term with big amount.I want to know how people are trading around globe and how forex trading is considered in countries like US ,UK europe and australia. details and guiding about tax payments,deposit and withdraw options for big capital are welcome.please do share your experience and help me out.

UK: either tax free on spreadbetting accounts or taxable as capital gains tax on ordinary accounts.
Europe isn't a country, it's a continent. Every country, also those within the EU, have its own tax law. Some don't charge capital gains tax but it is possible that they treat trading as ordinary income thus taxable at income tax rate.
Some countries have options to reduce your tax bill if you're a resident but not domiciled, the UKs non-dom status system is well known to be used by quite a few billionaires but it might be a bit complicated to use that to lower your trading tax liability. If you're of higher net-worth Gibraltas category 2 residency might be interesting to look at or of course the usual suspects like Monaco or Andorra. Monaco is basically tax-free but don't expect to find a small flat significantly under € 3 million - on the other hand you enjoy an open border with France there, Italy is round the corner.

Edit: deposit and withdrawal are usually done using wire transfer in Europe/UK. Most of the time that is free of charge or incurs a small fee. Money transfer may take a few days - usually between 1 and 3.

Thanks jensg for the info.
I know europe is a continent and i meant about the countries in europe.
Forex trading is regulated in UK right? Like i can trade with brokers like alpari or XM and still have perfect tax statements? i am from india and forex trading is not regulated here. Like its very difficult to show forex trading as income and file taxes and there are some restrictions for trading in the fx market also.

UKs financial conduct authority is doing a good job regulating the UKs FX brokers but that has nothing to do with the compatibility of their statements with current tax law. If you're not using one of the spreadbetting brokers you're good advised to seek an accountant who takes care of filing your tax return from your trade history.

hi again, is there anyone who is trading forex through brokers from France? If so please do reply as i want to know few details.

Hi zoomfire,

glad that you are thinking about going into trading long term, ie; you have got your system figured out

after leaving my banking job, this is what i did and i suggest you do the same.

WITH REGARDS TO REGULATION,
1) set up a registered homeoffice/ LLC company in whichever country the brokers u intend to use and open the trading accounts in the name of the company (make one of the country's citizens a silent partner, that way, you are covered by their regulators), you will not be required to apply for a financial licence if you only use your own capital

2) have a lawyer in each country on retainer (it doesnt have to be a fancy law firm, just one that has better understanding of regulatory acts and can act immediately and swiftly on your behalf should shit hit the fan)

3) taxation laws differ from country to country, as such i am unable to comment on that, but if you are profitable, this shouldnt be a avenue for you to worry about, but as a rule of thumb, by you settiing up your accounts via a company and being taxed for doing business in that country, should you remit money to your own country, no tax should be applied on you at a personal income level by your country's goverment(no double taxation)

WITH REGARDS TO SAFETY OF FUNDS,
1) depending on how big a capital you are talking about, some brokers offer direct API FIX accounts with bank guarantees(meaning, you hold your own money in your own bank account, and only pay/receive as and when u profit/lose)