Decentralized Exchanges (DEXs): These platforms facilitate direct peer-to-peer trading without intermediaries.

1. Uniswap
2. SushiSwap
3. PancakeSwap
4. LocalBitcoins
5. Bisq
6. ShapeShift
7. Changelly
8. BitMEX

Peer-to-Peer (P2P) Platforms:

1. LocalBitcoins
2. HodlHodl
3. Binance P2P
4. Paxful
5. WazirX

Centralized Exchanges (CEX)

Limits, trading or withdrawing above a daily limit can trigger KYC usually $20,000 daily or 1BTC.

1. MEXC
2. CoinEx
3. PrimeXBT
4. BingX
5. Deribit

Coins

1. Bitcoin
2. Monero
3. Ethereum
4. Tether USDT

Tax-Free Stock/Forex Trading

1. United Arab Emirates (UAE)

taxsummaries.pwc.com

taxesforexpats.com

Legal status: Stock and forex trading are fully legal for residents and non-residents alike. Dubai and Abu Dhabi host major exchanges and brokerages.

Tax policy: The UAE levies no personal income tax or capital gains tax. Both resident and non-resident individuals pay zero tax on investment income

taxsummaries.pwc.com

taxesforexpats.com

. (UAE has a 5% VAT on goods, but not on investment gains.)

Reporting: Because there is no personal income tax, there is no requirement to file or report investment gains to UAE tax authorities

taxsummaries.pwc.com

. Individuals simply do not owe tax on trading profits.

Residency requirements: To benefit you must become a UAE tax resident (e.g. on a work or investor visa). Residency typically requires ~183 days’ presence or an approved business visa. Free‑zone and Golden Visa programs make it possible for wealthy investors to reside without UAE-sourced income.

Pros: No taxes on capital gains or forex, no wealth or inheritance taxes. Modern financial infrastructure and stable regulations. (The upcoming 9% corporate tax affects companies only, not individuals.)

Cons: Very high cost of living in Dubai/Abu Dhabi; residency can require investment or employment. (Note: US/other citizens still owe taxes to home country.)

2. Monaco

assets.kpmg.com

Legal status: Trading stocks and currencies from Monaco is legal. Monaco has no central bank and most investment is done through international brokers.

Tax policy: Monaco imposes no personal income tax and no capital gains tax on resident individuals (except French nationals, who still pay France’s tax). “There is no tax on investment income, capital gains, dividends… in Monaco”

assets.kpmg.com

. The principality also has no wealth tax or estate tax

assets.kpmg.com

.

Reporting: Because all such gains are untaxed, individuals generally do not file capital‑gains declarations in Monaco. (Monaco’s new CRS “tax certificate” only certifies residency abroad for other jurisdictions’ benefit, but doesn’t create local tax reporting.)

Residency requirements: Monaco residency is hard to obtain. Applicants must usually make a large bank deposit and reside ~6+ months/year. A residence card is obtainable after 6 months living there

assets.kpmg.com

. (Citizenship is very restricted.)

Pros: Truly tax‑free on trading profits. Extremely high standard of living, political stability, strong banking sector.

Cons: Extremely expensive residency (real estate and living costs); very strict application process; tiny market (most trading is online).

3. Singapore

iras.gov.sg

taxsummaries.pwc.com

Legal status: Stock and forex trading by individuals is legal and popular. Singapore is a major financial center.

Tax policy: Singapore has no capital gains tax for individuals. Profits from selling stocks, forex, or other financial instruments are generally considered capital (not income) and not taxed

iras.gov.sg

. (If a person is deemed a “trader in securities,” their gains could be reclassified as business income, but for passive investors all gains are tax‑free.) There is also no personal wealth or inheritance tax.

Reporting: Non-taxable gains do not need to be reported on a tax return

iras.gov.sg

. Only income (e.g. salary, or true business profits) is reported. A person with zero taxable income can generally skip filing.

Residency requirements: To be a “tax resident” one typically needs >183 days in Singapore or a qualifying work pass. Residents enjoy the absence of capital gains tax. Foreigners with only passive gains also pay nothing but may not have an obligation to file.

Pros: Clean, stable regulatory environment; no CGT on any personal investment or forex gains. Efficient exchange and banking systems. (Local stamp duty does apply on purchase/sale of Singapore-listed shares at 0.2% per transaction, however.)

Cons: Cost of living is high; the absence of CGT can invite scrutiny if trading appears business-like. (If authorities deem frequent trading as a business, then normal income tax rates may apply to those profits

taxsummaries.pwc.com

.)

4. Hong Kong

taxsummaries.pwc.com

Legal status: Stock and forex trading is fully allowed. Hong Kong is a global brokerage hub.

Tax policy: Hong Kong imposes no capital gains tax on individuals

taxsummaries.pwc.com

. Personal investment gains (stocks, bonds, forex, etc.) are not taxed. (By contrast, business/trading profits sourced in HK could be taxed as profits, but passive investing is not.) There is also no wealth tax or inheritance tax in Hong Kong

taxsummaries.pwc.com

.

Reporting: There is no separate capital gains return for personal investments. Investors with no other income typically don’t need to file at all. (Only salary, rental, or business income is taxed.)

Residency requirements: You must be a Hong Kong tax resident (generally >60 days in the year with a valid visa) to establish tax status. Offshore (foreign‑source) income is also exempt.

Pros: A mature financial market with no tax on trading profits. Low personal tax rates on employment income (up to 17%). Highly liquid stock market.

Cons: Stamp duty on stock trades (0.2% each way on Hong Kong-listed shares). Very high living costs. (Be careful: if large gains arise from HK-sourced business or “profit-seeking activities,” profits tax could technically apply, but such cases are unusual for private investors

taxsummaries.pwc.com

.)

5. Bahamas

taxesforexpats.com

Legal status: Individuals may trade stocks and forex freely via Bahamian or foreign brokers. The Bahamas has no local stock exchange for most equities (trading usually happens offshore), but it has a well-developed offshore banking sector.

Tax policy: The Bahamas levies no personal income tax and no capital gains tax on residents

taxesforexpats.com

. “There is no income tax, capital gains tax… in Bahamas”

taxesforexpats.com

. By law both individuals and resident companies pay zero tax on trading profits.

Reporting: With no income or capital gains tax, Bahamian residents have no obligation to report investment gains to the government. The Bahamas has no tax return for individuals at all. (Note: There are no tax information exchange agreements in force

taxesforexpats.com

, reflecting the privacy regime.)

Residency requirements: The Bahamas offers a citizenship-by-investment (CIP) program (approx. USD 750k donation or real estate purchase) and a “Annual Residence” permit for significant investors. Spending ~35 days/year may establish tax residency (though there is effectively no Bahamian tax to avoid even with minimal stays).

Pros: Full tax exemption on trading profits, strong banking privacy, no exchange controls. Tropical environment and established expat community.

Cons: Limited local market infrastructure; one typically trades foreign securities via overseas brokers. High cost of living on imported goods. Political stability is good but it can be hurricane‑prone.

6. Cayman Islands

taxsummaries.pwc.com

taxsummaries.pwc.com

Legal status: Trading is legal (though Cayman has no stock exchange for regular equities, most Cayman residents trade through international markets). The Cayman Islands is a leading offshore finance center.

Tax policy: Caymans has no direct personal taxes at all: no income tax, no capital gains tax, no wealth tax, etc. As PwC notes, “with no direct taxation, the islands are a thriving offshore financial centre”

taxsummaries.pwc.com

. All personal investment profits are therefore tax‑free.

Reporting: The Cayman government requires no income-tax filings from individuals. “There are no tax filing requirements in the Cayman Islands”

taxsummaries.pwc.com

. (Wealth or asset declarations are not collected for tax purposes.)

Residency requirements: One must be a Cayman resident (via work permit or permanent residency) to legally live there. The Cayman government offers Economic Residency Certificates (by real estate investment) and a residency Certificate of Permanent Residence for Persons of Independent Means.

Pros: Absolute tax neutrality on investment profits. Excellent financial services and legal infrastructure. No foreign exchange controls for moving funds.

Cons: Extremely high cost of living and real estate. Residency requires substantial investment or employment. Small, tourism-driven economy (so everyday life is limited).

7. British Virgin Islands (BVI)

ocorian.com

ocorian.com

Legal status: Stock and forex trading is legal (carried out through international brokers). BVI is an established offshore jurisdiction.

Tax policy: The BVI has a tax-neutral regime: no capital gains tax and no personal income tax. As a BVI financial briefing states, the jurisdiction imposes “No capital gains tax; No … personal income tax on offshore entities”

ocorian.com

. In practice all personal investment gains (regardless of source) are untaxed.

Reporting: There is essentially no personal tax filing. The BVI maintains strong confidentiality and “limited reporting obligations” for wealth

ocorian.com

. Residents do not declare their trading holdings or profits to tax authorities.

Residency requirements: Gaining BVI residency typically involves a work permit or significant investment. The BVI also offers a Cayman-style path: after 5 years of residence or via an annual fee (~US$50k) for economic permanent residency.

Pros: Fully tax-free on trading profits with a common-law legal system. Very high banking secrecy (no TIEAs). Stable British Crown territory.

Cons: Remote Caribbean locale with limited amenities. Residency by investment can be costly. Very small local market, so traders must use foreign exchanges.

8. Vanuatu

investvanuatu.vu

Legal status: Vanuatu residents can freely trade stocks/forex through internet brokers. The country is mainly known for offshore banking and forex licensing.

Tax policy: Vanuatu has no personal income tax and no capital gains tax

investvanuatu.vu

. The official investment promotion site confirms “No income or company tax: for residents; No capital gains tax”

investvanuatu.vu

. In other words, all trading profits are tax‑free.

Reporting: Vanuatu has no requirement to report financial holdings or transfers to tax authorities. It even boasts “no reporting requirements in relation to the movement of funds”

investvanuatu.vu

. Personal residents simply enjoy tax exemption.

Residency requirements: Vanuatu offers straightforward Permanent Residency (via ~US$130k donation or offshore investment) and Citizenship-by-Investment programs. One must maintain residence in Vanuatu to remain in the favorable tax regime.

Pros: Simple tax environment (often cited as a classic low-tax jurisdiction), English‑speaking, and 12.5% VAT on consumption only. Growing financial services sector.

Cons: Extremely limited local market/economy; quality of life and infrastructure are modest. Not a financial hub, so trading requires international brokers.

9. Andorra

andorrainsiders.com

Legal status: Trading in financial markets is permitted. Many European traders consider Andorra for its low taxes.

Tax policy: Personal income tax is low (0–10%), but importantly capital gains on most securities are exempt. Andorran tax law “does not tax the capital gains generated by the purchase and sale of shares” for individuals

andorrainsiders.com

. In practice, any profit from listed share trades by a natural person (with <25% stake) is completely untaxed

andorrainsiders.com

. (By contrast, a corporate entity in Andorra would pay 10% on profits.)

Reporting: A resident must still file a personal tax return, but since capital gains are 100% exempt, those gains simply aren’t reported as taxable income. There’s no separate “trading schedule” needed for exempt profits.

Residency requirements: To benefit, one must be a tax resident (usually by living 183 days/year). Residence requires ~€50k+ bank deposit and regular presence, or real estate investment. After ~3 years (and fulfilling other conditions), one can apply for indefinite residency.

Pros: Low flat income tax on wages and no tax on trading profits, making Andorra very attractive for active traders. High standard of living (ski resorts, safety).

Cons: Must pay up to 10% on other income (salaries, etc.). The exemption only covers capital gains on small holdings or over long terms. Geographic isolation (landlocked, limited flights). Relatively small expat community.

10. Georgia

pbservices.ge

Legal status: Georgia’s market is small, but trading international stocks/forex is allowed via global brokers. (Tbilisi’s own stock exchange is tiny.)

Tax policy: Georgia has a territorial tax system. Residents pay 20% personal income tax on Georgia‑source income, 5% on dividends, but critically no capital gains tax

pbservices.ge

. Moreover, foreign-source income (including capital gains on foreign stocks or forex) is exempt from Georgian tax

pbservices.ge

. In other words, an expat tax resident can profit from global trading without Georgian tax.

Reporting: Tax residents must file an annual return for Georgian-source income, but they need not report or pay tax on exempt foreign gains. (Non-residents have no filing obligations unless they have Georgian income.)

Residency requirements: Georgia offers an easy “Citizen by Investment” (USD 300k real estate or 35k bank deposit) or permanent residency for business. One needs only ~183 days (or a local address) to be tax resident.

Pros: Very low cost of living and simple tax code with no CGT or wealth tax. Banking is liberal (no capital controls). Attractive temporary residency visas.

Cons: Georgian banking still developing (may need a foreign account for trading). Limited domestic market and fewer local service firms. The regime relies on territoriality – truly only foreign gains are untaxed (trading Georgian assets would be taxed at 20%).