While fee-free withdrawals would be preferred, these fees are not very high, and should not pose much of a problem if you are only withdrawing on occasion and actually, for wire transfers, they are lower than the industry standard.

To trade with AGEA, either download MT4 or Streamster, or use the web-based platform which the company provides. You can trade on your desktop, laptop, or mobile device. Once you have registered an account, you can actually start demo trading right away. You do not need to contact customer service to set it up; it is already available to you without making a deposit.

You can trade with this virtual account as long as you need to, which is excellent. That is very refreshing, and I am certain that this attitude is thanks to the fact that AGEA is first and foremost a FX broker. In the world of binary trading, most virtual accounts are severely restricted, and you are encouraged to dive right in and invest real money, not take it slow and learn. AGEA is taking trading seriously and encourages customers to do the same.

This certainly gives the impression that they take their customers seriously as well. As I mentioned earlier, there are some downsides. If you check out the virtual platform, you will find only 17 trading instruments available, all of them currency pairs.

So you are pretty limited with what you can do. Really this site seems to be aimed at FX traders who are interested in trading some binary options on the side. I imagine though that it would also be a good site if you are currently a binary options trader who is thinking about getting into Forex either now or later down the line.

This site would make it easy for you to transition in either direction or simply diversify your trading activities. In terms of extra features, there are not a whole lot. There appears to be almost nothing in the way of trading tools, although there is a live chat window for traders which appears directly in the web platform. You can use this to communicate with your fellow traders and plan trades together.

Copy trading is also offered. Additional trading tools include market news and a forum. The forum does not seem very active, but it could still be a good way to network and learn. As far as education goes, AGEA does offer some articles about Forex trading.

You may think those are not applicable to you as a binary options trader, but they actually will teach you just as much about trading as you would learn from BO articles, so they are worth checking out. What about customer service? No one was available when I checked in, but it was over the weekend, and the help desk is only open during the week. We also provide tips for staying on top of tax requirements. Note, the information in this article should not be construed as professional tax advice.

Consult a local tax advisor if you are unclear about your obligations. However, the way that taxes are charged and collected varies depending on the jurisdiction. A key consideration for many tax authorities is whether binary options products are viewed as gambling instruments or traditional trading vehicles. This distinction can make the difference between tax-free binary options with the former, and sometimes steep financial liabilities with the latter.

Capital gains are normally due on earnings from traditional revenue streams such as investments in property and the stock market. Countries charge capital gains at different rates and with varying tax-free allowances. It is also worth pointing out that capital gains are usually only due once revenue is realized.

For example, if you bought stocks that rose in value, capital gains would only be due when you sell the shares and collect the revenue. With the rules for paying taxes on binary options differing between countries, we have broken down the requirements across major jurisdictions below:. In the US, binary options traders must adhere to both state and federal tax laws. For profits greater than this, you will need to submit a tax return to the IRS with detailed information on all of your trades.

Importantly, binary options trading profits are normally classified as capital gains. Investors also need to decide whether they are short-term or long-term positions.

Short-term is any trade that is opened and closed within a year with resulting profits taxed as ordinary income, akin to wages from a day job.

Long-term trades are closed more than a year after they are entered. The limits for each tax bracket change from year to year. Check the IRS website for the latest information. Binary options have historically been considered a form of gambling and therefore any profits are tax-free. This means returns from trading activity are not usually subject to capital gains tax or standard income tax.

The only slight nuance is where trading products are used to offset losses posed by commercial investments. The rules then become less clear and it is worth consulting a professional advisor for guidance. Note, with the Financial Conduct Authority FCA clamping down on the sale of binary options products in the UK, it is worth keeping an eye out for any changes to tax rules and requirements.

Binary options trading profits are classed as capital gains in Canada. This means that they are not included within your normal income tax allowance. Losses from a fiscal year can also be deducted so only net trading profits are taxed.

The exact amount of tax you must pay will vary depending on the province. Binary options taxes in India are relatively straightforward. Binary options are considered speculative products with profits taxed according to a separate set of rules to standard income streams.

In the past, Australian investors filed their binary options trading profits under normal income tax. This means that Australian-based traders can no longer access binary options products on regulated exchanges. What the tax rules and requirements will look like when the ban is lifted remains unclear. Financial regulation introduced by the European Securities and Markets Authority ESMA MiFID and MiFID II restricted the marketing, distribution and sale of binary options in Europe.

While this ban has now been lifted, some countries still prohibit platforms from offering binary options to retail investors. How binary options are taxed also varies between nations.

While binary options cannot be actively advertised in France, they can still be sold.

If you are looking for a binary options broker which offers some great features including a fully functional demo account, AGEA may be worthy of your consideration. AGEA is actually a Forex broker operated by a company called Agea Jinrong DOO based in Montenegro. Looking around the AGEA website, it is not immediately obvious that they offer binary options, but if you check out their trade page, you will find binary options in the lower right-hand corner.

This means that you will not find as much in the way of assets or trade types with AGEA as you might with a company that focuses wholly on binary options—but there are other advantages. AGEA is not regulated, but does conform to MiFID standards. They also keep client funds segregated, which is a big deal. Other binary options brokers may mix in your funds with company funds. This is because they actually offer trading through three different platforms: MetaTrader 4 one of the most popular leading FX platforms, Streamster, and a proprietary web-based platform.

Account currencies include US Dollar, Euro, Japanese Yen, Australian Dollar, British Pound, Canadian Dollar, and Swiss Franc. You can request to make any account an Islamic account. Note that unfortunately USA traders are not accepted at this time. I would not consider this a big deterrent though; the focus here is actually on responsible trading and not entertainment.

If you are serious about making bank, that is a good thing. There are fees associated with the STP accounts, but I assume that these commissions are specifically for Forex traders.

There are withdrawal fees too. There are no minimum thresholds mentioned. While fee-free withdrawals would be preferred, these fees are not very high, and should not pose much of a problem if you are only withdrawing on occasion and actually, for wire transfers, they are lower than the industry standard.

To trade with AGEA, either download MT4 or Streamster, or use the web-based platform which the company provides. You can trade on your desktop, laptop, or mobile device. Once you have registered an account, you can actually start demo trading right away.

You do not need to contact customer service to set it up; it is already available to you without making a deposit. You can trade with this virtual account as long as you need to, which is excellent. That is very refreshing, and I am certain that this attitude is thanks to the fact that AGEA is first and foremost a FX broker. In the world of binary trading, most virtual accounts are severely restricted, and you are encouraged to dive right in and invest real money, not take it slow and learn.

AGEA is taking trading seriously and encourages customers to do the same. This certainly gives the impression that they take their customers seriously as well. As I mentioned earlier, there are some downsides. If you check out the virtual platform, you will find only 17 trading instruments available, all of them currency pairs. So you are pretty limited with what you can do. Really this site seems to be aimed at FX traders who are interested in trading some binary options on the side.

I imagine though that it would also be a good site if you are currently a binary options trader who is thinking about getting into Forex either now or later down the line. This site would make it easy for you to transition in either direction or simply diversify your trading activities. In terms of extra features, there are not a whole lot. There appears to be almost nothing in the way of trading tools, although there is a live chat window for traders which appears directly in the web platform.

You can use this to communicate with your fellow traders and plan trades together. Copy trading is also offered. Additional trading tools include market news and a forum.

The forum does not seem very active, but it could still be a good way to network and learn. As far as education goes, AGEA does offer some articles about Forex trading. You may think those are not applicable to you as a binary options trader, but they actually will teach you just as much about trading as you would learn from BO articles, so they are worth checking out. What about customer service?

No one was available when I checked in, but it was over the weekend, and the help desk is only open during the week. You can reach customer service via live chat, telephone, and paper mail. There is also a web form. Is AGEA a good choice for binary options traders?

For those looking for a wide array of assets and types of trades, definitely not. If you are interested in both Forex and binary options, and you want to trade on a site where you can demo for as long as you would like, AGEA actually has a lot to offer.

AGEA No Binary Options Rating: 8. Visit Site. Binary Trading. Credit or debit card, wire transfer, Skrill, WebMoney, E-Dinar, FasaPay, Perfect Money, Neteller, UnionPay, Payza, QIWI, Inpay, DinPay, RBK Money. US dollar, euro, Japanese yen, Australian dollar, British pound, Canadian dollar, Swiss franc.

And we immediately saw that there was something wrong. You can use different platforms to trade a variety of financial instruments at AGEA, agea binary option. If you are struggling to understand what binary options trading taxes you owe, consult a professional tax advisor. Fill out a form in as little as 5 minutes, provide due-diligence documents and you can immediately start trading. Trade Now!

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