The company takes special care in providing its clients with all necessary financial information. When initiating an account, all customers unfamiliar with the financial aspects of market operations require the following information:
- Laws on money laundering;
- Inter-bank transfers;
- Postal and electronic transfers;
- Taxation and reports on trading operations.
Laws on Money Laundering
Money laundering is an operation which hides the source/origin or destination of illegal moneys to make them legal. All civilized countries are fighting this phenomenon through improved legislation and international agreements.
Interbank Transfers
In order to facilitate the transfer of money to client trading accounts with brokers’ houses, the company provides the required information on money transfer via Israeli leading banks (Leumi, Mizrahi, Hapoalim, Discount, Beinleumi), as well as banks in other countries.
Postal and Electronic Transfers
Money transfers can be done via Eurogiro post offices in Israel or via WebMoney electronic wallets.
Taxation and Reports on Trading Operations
With regard to taxation of capital markets, one needs to pay special attention to the introduction of a tax on profits generated from stock operations. According to the reform, the real profit made via stock operations is taxed at 20% for citizens of the State of Israel. Tax authorities are entitled to request provision from persons carrying out trade operations on financial markets of reports on the accomplished deals. As such, all reports must be kept. Citizens of other States may obtain all information on taxation at appropriate institutions.