Since the My Number system was introduced in Japan, submitting your My Number has been mandatory for domestic FX trading. Many beginners in overseas FX trading may be wondering whether it is also necessary. This article will introduce the basic knowledge and points to note about My Number that you should know when opening an overseas FX account and filing your tax return. This article answers common questions about overseas FX trading, so please use it as a reference. Beginners in overseas FX trading are advised to read the Complete Guide for Overseas FX Beginners. Contents 1. Is My Number necessary when opening an overseas FX account? Basic knowledge you should know 1.1 What is the mechanism and purpose of My Number? 1.2 You do not need to submit your My Number when opening an account with an overseas FX broker 1.3 Submission of My Number is mandatory with domestic FX brokers 1.4 Why is submission of My Number mandatory with domestic FX brokers? 1.5 The tax evasion case of a millionaire FX trader 2. What documents are required instead of My Number with overseas FX brokers? 2.1 Identity verification documents issued by public institutions 2.2 Resident registration documents 3 Points to note when opening an account using My Number with overseas FX brokers 3.1 Some overseas FX brokers do not accept My Number notification cards 3.2 Additional identity verification documents are required when using My Number 3.3 Profits earned from overseas FX must be declared in a tax return 3.4 My Number is required for tax returns for overseas FX 4 Can you get away with tax evasion if you don't submit your My Number? 4.1 Tax evasion in overseas FX will be detected 4.2 Deposit and withdrawal data of financial institutions 4.3 Reports of overseas remittances, etc. 4.4 Corporate Social Responsibility (CSR) 5 Recommended overseas FX brokers that do not require My Number 5.1 FXGT 5.2 Vantage Trading 5.3 BigBoss 5.4 XMTrading 5.5 Exness 6 How to open an overseas FX account 6.1 Four easy steps to open an account 7 Q&A regarding My Number in overseas FX 7.1 Is it mandatory to submit My Number for overseas FX? 7.2 Is overseas FX the only way to open an account without My Number? 7.3 Is it true that iForex requires My Number? 7.4 Are there any overseas FX brokers that do not require identity verification? 7.5 Can I get overseas FX bonuses without My Number? 7.6 Is it possible to get away with tax evasion from overseas forex trading? 7.7 Is submitting your My Number mandatory when filing a tax return for overseas forex trading? 8 Summary: Always file a tax return if you make a profit from overseas forex trading. Is a My Number required when opening an overseas forex account? Essential basic knowledge. What is a My Number for in the first place? We will first explain the use of My Number in opening an overseas forex account and provide basic knowledge about My Number. What is the mechanism and purpose of My Number? Let's start by looking at an overview of the mechanism and purpose of My Number. What kind of system is My Number? My Number is a system for efficiently managing three things: taxes, social security, and disaster countermeasures. The government believes that having a My Number will improve the convenience of administration and the lives of citizens, and lead to the realization of a fair and just society. What is a My Number (individual number)? – Digital Agency. Purpose and overview of My Number. Purpose of My Number. Overview. Realization of a fair and just society… Continue reading Is a My Number required when opening an overseas forex account? A thorough explanation of required documents and procedures for beginners.