简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Jinkra International Finance Ltd: 35% Income Tax Payment + Punishment for Not Paying
Abstract：Generally, forex brokers do not have any relationship with your local tax bureau. They are just private entities that are running a business operation on their own. Therefore, if a forex broker were to ask for any tax payments from you on behalf of the tax bureau, do not make such payments by any means. Unfortunately, that is a sign that one of your feet is already caught in its trap. That is a scammer, not a legitimate forex broker.
Todays forex broker in question is Jinkra International Finance Ltd which is registered in the United Kingdom.
This broker has a low WikiFX score as we discovered that both of its licenses are not valid. We would not recommend this broker to anyone.
Kindly select a forex broker that has a WikiFX score of at least 7.0 and above, alongside valid regulatory status and license(s)
WikiFX received this Exposure piece from a client of Jinkra named Fedor.
Jinkra insisted Fedor pay an income tax of approximately 5.4K USD. However, Fedor explained that he had never made a single cent of profit from trading with Jinkra, thus there should not be any tax charged on losses.
Fedor backed his stance with a screenshot showcasing a nett loss of 1.7K USD on his Jinkra account.
As Fedor refused to pay the quote-on-quote income tax, Jinkra fined him an additional 3K USD and threatened to freeze his account under the pretense of him conducting a malicious tax evasion act.
Eventually, even though Fedor still had many unanswered questions, Jinkra proceeded to freeze his account and funds regardless.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Top 10 Trading Indicators Every Forex Trader Should Know
Master the top 10 Forex trading indicators to analyze real-time Forex quotes, trends, and market signals. Learn strategies to boost accuracy and avoid mistakes.
Geopolitical Events: What They Are & Their Impact?
You've heard many times that geopolitical events have a significant impact on the Forex market. But do you know what geopolitical events are and how they affect the FX market? Let us learn about it today.
Why Do You Feel Scared During Trade Execution?
Trade execution is a pivotal moment for traders. It is when analysis turns into action, and potential profits or losses become reality. However, for many traders, this moment is accompanied by fear. Why does this happen, and how can you address it?
WikiEXPO Global Expert Interview: Simone Martin—— Exploring Financial Regulation Change
In the midst of financial innovation and regulation, WikiGlobal, the organizer of WikiEXPO, stays abreast of industry trends and conducts a series of insightful and distinctive interviews on pivotal topics. We are delighted to have the privilege of inviting Simone Martin for an in-depth conversation this time.
WikiFX Broker
Latest News
Geopolitical Events: What They Are & Their Impact?
WikiFXTop 10 Trading Indicators Every Forex Trader Should Know
WikiFXWhy Do You Feel Scared During Trade Execution?
WikiFXCurrency Calculator
