Why is FXTM asking for my Taxpayer Identification Number (TIN)?

Submitted by Milo.Tuck on
Why is FXTM asking for my Taxpayer Identification Number (TIN)?

FXTM is a licensed and regulated financial institution. As such, we’re legally obliged to inform the Mauritius tax authorities of the countries in which you are considered a tax resident. The Mauritius government cooperates with other countries to counter tax evasion and therefore requests this information from financial institutions.

What is my Taxpayer Identification Number (TIN)?

Submitted by Milo.Tuck on
What is my Taxpayer Identification Number (TIN)?

Your Taxpayer Identification Number (TIN) is a unique identification, used for tax purposes locally and globally, which is issued and provided by your national tax authority.

Depending on where you’re a tax resident, your TIN may be another form of unique identification, called a functional equivalent.

For individuals, functional equivalents of a TIN can include:

For entities, functional equivalent TIN types include:

  • India - Permanent Account Number (PAN)
  • Hong Kong - Business Registration Number.

The above examples aren’t exhaustive, and don’t constitute tax advice. If you need help to determine your TIN, seek professional tax or legal advice.

Who issues a Taxpayer Identification Number (TIN) and when?

Submitted by Milo.Tuck on
Who issues a Taxpayer Identification Number (TIN) and when?

Generally, the national tax authority will issue a Taxpayer Identification Number (TIN) and usually when the individual, business or entity becomes subject to tax in the country.

There are exceptions and some countries will:

  • Issue a TIN upon birth
  • Not issue a TIN in any situation
  • Issue a TIN only in specific cases or for certain individuals or entities
  • Issue a different unique identification number, such as a national or permanent identification number, which can be used as an equivalent level of identification and a functional equivalent

What is a Taxpayer Identification Number or TIN?

Submitted by Milo.Tuck on
What is a Taxpayer Identification Number or TIN?

A Taxpayer Identification Number (shortened to TIN) is an identification number that individuals and entities use internationally for tax purposes. It's like a unique ID for global taxes. The way TINs are issued, structured, used, and validated varies between countries. Each country has its own specific TIN structure or format with a combination of numbers, characters, or both. In some countries, different categories of individuals may even have different TIN structures. No two people or entities will ever have the same TIN, so it’s an ideal way to make sure everyone has their own distinct identifier for tax matters.

FXTM trading schedule on Juneteenth Day & Tuen Ng Festival 2023

Submitted by Milo.Tuck on

FXTM trading schedule on Juneteenth Day & Tuen Ng Festival 2023

Due to the upcoming holidays of Juneteenth Day & Tuen Ng Festival 2023, we’ll be making some temporary changes to FXTM’s trading schedule on 19.06.2023 - 23.06.2023.

You can see the new schedule for all affected instruments below. If your instrument isn’t listed, then trading will continue as normal.

FXTM trading schedule on King's Birthday in Australia & Day of Russia 2023

Submitted by Milo.Tuck on

FXTM trading schedule on Juneteenth Day & Tuen Ng Festival 2023

Due to the upcoming holidays of Juneteenth Day & Tuen Ng Festival 2023, we’ll be making some temporary changes to FXTM’s trading schedule on 19.06.2023 - 23.06.2023.

You can see the new schedule for all affected instruments below. If your instrument isn’t listed, then trading will continue as normal.

Jap 225 bearish momentum to persist?

The Jap225 index on the H4 time frame was in bullish territory from the beginning of May. However, bears did try to challenge their reign a few times but to no avail. This changed on 23 May when a last higher top formed at 31348. The bears got enough backing to start a shift in the market momentum. 

A closer look at the Momentum Oscillator reveals a negative divergence between points “a” and “b” when comparing the tops at 30955 and 31348. This could have alerted technical traders that the bulls might be running out of steam. 

Jap 225 Stocks momentum SMA

FXTM trading schedule on Buddha's Birthday & May Spring Bank Holiday & Memorial Day 2023

Submitted by Milo.Tuck on

FXTM trading schedule on Buddha's Birthday & May Spring Bank Holiday & Memorial Day 2023

Due to the upcoming holidays of Buddha's Birthday & May Spring Bank Holiday & Memorial Day 2023, we’ll be making some temporary changes to FXTM’s trading schedule from 25.05.2023 - 30.05.2023.

You can see the new schedule for all affected instruments below. If an instrument isn’t listed, trading will continue as normal.

Instrument

FXTM trading schedule on Coronation of King Charles III Bank Holiday and Victory Day 2023

Submitted by Milo.Tuck on

FXTM trading schedule on Coronation of King Charles III Bank Holiday and Victory Day 2023

Due to the upcoming holidays of Coronation of King Charles III Bank Holiday and Victory Day 2023, we’ll be making some temporary changes to FXTM’s trading schedule on 05.05.2023 – 09.05.2023.

You can see the new schedule for all affected instruments below. If your instrument isn’t listed, then trading will continue as normal.

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