Taxes and reporting

We are not tax advisors and nothing here is tax advice. Your tax position depends on where you live and how you are classified there, and only a professional in your country can tell you what applies.

Here is what we can tell you factually.

How payouts are paid

Payouts are sent gross, with nothing withheld. You receive the full amount of your approved request and any tax owed on it is yours to handle.

What you are, in tax terms

You are not our employee. You are an independent trader receiving a share of profit under a contract, which in most countries makes this self-employment or business income, not salary.

Because our accounts are simulated, your payouts are generally not capital gains from trading futures. You did not own the positions. Traders sometimes assume favourable futures tax treatment applies here, and in most jurisdictions it does not.

That distinction can materially change what you owe, which is why it is worth asking someone instead of guessing.

Tax forms

Payouts are processed through Rise, and the tax paperwork is collected there as part of setting up your payout account. Where we pay you directly instead, we collect the same forms ourselves.

US traders complete a W-9 and receive the corresponding form for any year in which payouts exceed the reporting threshold. Traders outside the US complete a W-8BEN to confirm their tax residence.

Your obligations are determined by your own country.

What we provide

A complete record of every payout we have sent you, available on request at any time. That is the document your accountant will want.

We do not file anything on your behalf outside our own legal obligations, and we cannot tell you what to declare.