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Jinkra International Finance Ltd: 35% Income Tax Payment + Punishment for Not Paying
Abstract：Generally, forex brokers do not have any relationship with your local tax bureau. They are just private entities that are running a business operation on their own. Therefore, if a forex broker were to ask for any tax payments from you on behalf of the tax bureau, do not make such payments by any means. Unfortunately, that is a sign that one of your feet is already caught in its trap. That is a scammer, not a legitimate forex broker.
Todays forex broker in question is Jinkra International Finance Ltd which is registered in the United Kingdom.
This broker has a low WikiFX score as we discovered that both of its licenses are not valid. We would not recommend this broker to anyone.
Kindly select a forex broker that has a WikiFX score of at least 7.0 and above, alongside valid regulatory status and license(s)
WikiFX received this Exposure piece from a client of Jinkra named Fedor.
Jinkra insisted Fedor pay an income tax of approximately 5.4K USD. However, Fedor explained that he had never made a single cent of profit from trading with Jinkra, thus there should not be any tax charged on losses.
Fedor backed his stance with a screenshot showcasing a nett loss of 1.7K USD on his Jinkra account.
As Fedor refused to pay the quote-on-quote income tax, Jinkra fined him an additional 3K USD and threatened to freeze his account under the pretense of him conducting a malicious tax evasion act.
Eventually, even though Fedor still had many unanswered questions, Jinkra proceeded to freeze his account and funds regardless.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches
Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!
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Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
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M&G Review: Traders Report Fund Scams, Misleading Market Info & False Return Promises
Applying for multiple withdrawals at M&G Investments but not getting it into your bank account? Do you see the uncredited withdrawal funds out of your forex trading account on the M&G login? Does the customer support service fail to address this trading issue? Does the misleading market information provided on this forex broker’s trading platform make you lose all your invested capital? Were you lured into investing under the promise of guaranteed forex returns? These issues have become highly common for traders at M&G Investments. In this M&G review article, we have echoed investor sentiments through their complaint screenshots. Take a look!
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INZO Broker MT5 Review 2025: A Trader's Guide to Features, Fees and Risks
INZO is a foreign exchange (Forex) and Contracts for Difference (CFD) brokerage company that started working in 2021. The company is registered in Saint Vincent and the Grenadines and regulated offshore. It focuses on serving clients around the world by giving them access to popular trading platforms, especially MetaTrader 5 (MT5) and cTrader. The company offers different types of trading instruments, from currency pairs to cryptocurrencies. It aims to help both new and experienced traders. Read on to know more about it.
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