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Average Ratings 1 Rating
Description
In Forex trading, safeguarding your deposit is paramount, which underscores the necessity of effective money management. Our Expert Advisor (EA) is designed to precisely define the maximum drawdown allowable, ensuring that you won’t exceed your anticipated losses no matter the situation. This EA employs advanced technology to automatically set StopLoss for all active orders at a level that guarantees you won’t lose more than what you have configured in its settings. The innovative algorithm behind Forex inControl is so versatile that it can seamlessly operate across various currency pairs; however, we have strategically selected the top two. By trading on these two pairs, potential losses from one can be offset by gains from the other, enabling a balanced approach to risk. This method of diversification not only stabilizes profits but also provides the flexibility to manage drawdowns independently for each pair, significantly enhancing your ability to mitigate risks. Ultimately, this strategy presents a compelling opportunity to achieve consistent profits while minimizing exposure to potential losses.
Description
If you have engaged in the buying, selling, earning, receiving, or any other form of acquiring digital currencies within a particular tax year, it's highly likely that you must report any profits or losses on your tax return. If there's any uncertainty regarding your obligations, consulting with the Inland Revenue or your accountant is advisable. In New Zealand, the Inland Revenue classifies digital currencies as a category of property. Their guidelines for cryptocurrency taxation specify that profits or losses must be assessed using the First in First Out method, converting values into New Zealand Dollars at the time of each trade, even when the transactions are between different cryptocurrencies. This process can be quite complex and may require several days to sort through, even with just a few trades. If you've incurred a loss, it could potentially be deducted from your income tax, providing some relief. Our advanced algorithms simplify this process by automating the necessary currency conversions and calculating your trading and mining profits and losses in line with Inland Revenue's regulations. Simply provide us with your exchange exports and mining addresses, and we will handle the rest to ensure your compliance and accuracy. This way, you can focus on your investments without the tax-related stress.
API Access
Has API
API Access
Has API
Integrations
Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex
Integrations
Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex
Pricing Details
$270 one-time payment
Free Trial
Free Version
Pricing Details
$99 per tax year
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Forex inControl
Founded
2013
Website
forex-incontrol.com
Vendor Details
Company Name
Taxoshi
Founded
2014
Country
New Zealand
Website
taxoshi.com
Product Features
Product Features
Crypto Tax
Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration