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German Entity Withholding Woes: Profits Penalized, Losses Uncompensated

Huikn
6-10 years
Unverified

Neutral

They offer cTrader and a great selection of Forex trading pairs. It is one of my favorite brokers to date. The only issue I have is with their German entity. According to local laws they debit 26% of profits in withholding tax after each winning transaction but do NOT refund that amount when you have losing transactions. That results in way too much money being deducted at the end of each month. The only way to get those funds back is by filing a tax return.
2024-04-19

Argentina

Kikoyo

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Unscrupulous platform

ETO Markets
ETO Markets Limited
https://www.etomarkets.com/
7.46
Score
10-15 yearsRegulated in AustraliaRegulated in SeychellesMarket Maker (MM)Retail Forex LicenseMT4 Full LicenseGlobal BusinessHigh potential riskOffshore Regulated
7.46
Score

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