It is mainly worth noting that Forex trading in UAH using trading robots became available relatively recently. Needless to say, for a long time, up to today the leading currencies in this market are such majors as the dollar and the euro!

These factors should be taken into account in order to understand how strong the interaction between two essentially polar assets - UAH and USD - can be.

IN Lately The position of the hryvnia on the market is very unstable. Events taking place within the country, rearrangements in political sphere and participation in a military conflict within the state, influenced the national monetary unit not in the best way. To a greater extent, this contributed to the depreciation of the state currency in relation to the American one.

According to analysts' near-term forecasts, it is not worth making any specific bets on this asset; if you work with it, you need to regularly monitor hryvnia indicators and follow the news regarding the Ukrainian economy and its relations with other states. In the near future, long periods of flat are possible, in relation to which technical analysis can be carried out and on which it is possible to trade forex with relevant robot.

At the same time, fluctuations in the UAH rate are strongly influenced by fundamental factors, therefore, even with clear technical indicators, it is always worth relying on actual events related to this asset and only after that draw specific conclusions.

The specifics of trading with robots

Forex trading with a robot, regardless of the asset you choose, is based on several basic factors that distinguish automated trading from manual trading.

1. The whole process is under the control of the program, and the participant of the currency exchange can only exercise periodic control over how transactions are made, and profits come. This determines the increase in free time for the trader and new opportunities for his self-development in the field of currency trading.
2. We must not forget that all transactions are carried out according to a clear scenario, which excludes the possibility of missing profitable positions due to an oversight or uncertainty of the dealer. Thus, the psychological factor of influence on the implementation of trading operations.
3. During the work of the adviser, the funds of your deposit are more reasonably spent and distributed. This factor, no less, allows you to increase capital and save it at critical moments of price fluctuations.

A trader is a profession, just like a teacher, a doctor, etc. Therefore, every trader living in Ukraine and receiving income from trading operations must pay taxes to the budget of his country. Profit from Forex trading in Ukraine is subject to income tax individuals- personal income tax.

The forex tax payment system in Ukraine is similar to the tax payment system in the Republic of Kazakhstan. In Ukraine, access to financial trading on the currency exchange is officially provided only by large banking institutions licensed by the National Bank of the country. These banks immediately act as tax agents, and traders who cooperate with them can count on the bank to automatically deduct personal income tax from the profits received on the account.

Foreign brokers and dealing centers, which, apart from banks, provide their services on the financial market, are not tax agents in Ukraine. Accordingly, a trader cooperating with such companies will have to pay tax himself on the profits received from Forex trading.

Interest on taxes in Ukraine

Personal income tax includes the amount of profit withdrawn by a trader from his trading account to a bank account. Unlike Kazakhstan, in Ukraine there are two income tax rates - 15 and 20%. These rates are tied to the minimum wages in the country. If the trader's income does not exceed ten minimum salaries, then his profit is taxed at 15%. If the profit from trading operations is more than ten minimum wages, the trader will have to pay a tax of 20%.

Let's take an example. The trader replenished his account with UAH 20,000. In a year, he managed to double this amount to 40,000, that is, net profit amounted to +20 000 UAH. The minimum salary in the state for a month as of 2017 is 3200 UAH (in the annual equivalent of 38400 UAH). We see that the income received by the trader is less than the annual minimum wage, therefore, the tax on 20,000 hryvnias will be charged in the amount of 15%, that is, 3000 hryvnias.

One more example. The trader replenished his account with UAH 100,000. During the year, he managed to earn +50,000 UAH, and his capital amounted to 150,000 UAH. This amount is more than UAH 38,400, which means that the trader will have to pay a tax on UAH 50,000 in the amount of 20%, that is, UAH 10,000.

Naturally, with such high taxes many traders do not agree and try to bypass them in every possible way, cooperating with foreign brokers and various dealing centers registered offshore. Legal status such brokers are not required to be tax agents, tax authorities cannot apply any claims to them, and traders can trade with pleasure and not pay taxes to the state.

Law regulating the activities of Forex dealers in Ukraine.

In order to bring order to the regulation of the Forex market, in 2015 the government of Ukraine created a draft law “On the activities of Forex dealers in Ukraine” No. 3672-1. According to the law, all dealing centers that want to provide their services in the financial market must obtain a license from National Bank, who will be responsible for regulating the forex market in Ukraine. The capital of dealing centers must be at least 200 thousand euros. All DCs must be included in self-regulatory organizations Forex dealers (SROs), have the status of a tax agent, and each company will have to register its trademark with the abbreviation UA.

If this law comes into force, then all traders will have to pay income tax to the budget of the country, which will only benefit from this. But on the other hand, traders will receive additional guarantees in the person of the National Bank, which will control the activities of all companies in Ukraine operating in the Forex market.

So do you need to pay tax in Ukraine or not?

Well, only time will tell how things will be in Ukraine. And traders still face the question: voluntarily pay taxes on profits or not pay if the broker is not tax agent? From the point of view of the letter of the law, taxes must be paid. But in other way, tax services they cannot control DCs in any way, and banking institutions are guided by the rule of banking secrecy in matters of their clients' accounts. Therefore, it turns out that the payment of taxes is a purely voluntary decision of the trader as an honest and law-abiding citizen of his country.

The international currency market Forex is the largest, fastest growing financial market in the world. Its daily turnover is over $3 trillion. Impressive, isn't it? And if earlier only banks and large corporations could engage in Forex trading, today trading is available to everyone! Moreover, you can trade on the currency market from anywhere in the world where you have access to the Internet.

The essence of any market is buying a product at a lower price and selling it at a higher price. In Forex, currency is a commodity different countries, which in turn has a fixed price. What do traders do? They sell one currency in exchange for another in order to profit from the changing exchange rate. This is how they earn a lot of money.

In the context of geopolitical tensions and global economic instability, fluctuations exchange rates play into the hands of traders only. We can say that such periods are the most favorable for trading in the currency market.

The main question is, are you ready to invest your personal funds in order to make money on Forex? Agree, not everyone will risk their savings without having either knowledge or sufficient experience in trading in the currency market. And this is quite logical.

It is for this reason that the largest international Forex broker InstaForex has created a unique, unparalleled No Deposit BONUS in the amount of UAH 800, which is credited to a real Forex account as a gift to each new client. In other words, becoming a client of InstaForex, you can start earning on the currency market without investments - at the expense of a broker, while gaining invaluable trading experience.

Getting a bonus is quite simple. For this you need:

Register a real account with InstaForex;

Verify your identity;

Apply for a bonus.

In addition, at successful trading you can cash out and bonus funds as well.

InstaForex has already established itself as a reliable and trustworthy broker on the international foreign exchange market. Here the numbers speak for themselves - to date, more than 3,000,000 traders around the world have become clients of the company. Besides, the highest level services and services was evaluated at prestigious international exhibitions and awards.

"Best Broker in Asia", "Best Retail Broker", "Best ECN Broker" "Best Broker of Eastern Europe”, “Best Broker in the Asia-Pacific Region”, “Best Global Retail Broker” - and this is far from full list awards that have been awarded to the company throughout its history.

It should be noted that InstaForex broker is an open and accessible company for clients. There are more than 265 offices and official representations of the broker all over the world.

WITH InstaForex you have the opportunity to realize your goals and get real pleasure from Forex trading.

Contact company representatives InstaForex and you can find out all the details in any way convenient for you. Company managers will be happy to answer all your questions.