The short answer
UZO rewards paid to you are real money, so they may be taxable depending on where you live. UZO does not provide tax advice. How payouts are treated, and what you owe, depends on your country of residence and your personal situation, so the safe move is to keep good records and speak to a qualified tax professional.
UZO is a simulated trading firm. The trading is on simulated capital, but the rewards we pay when you succeed are real funds that arrive in your bank account or crypto wallet. That distinction matters: the simulation does not change your real-world tax position on the money you actually receive.
This is general information, not tax advice
Nothing here is tax, legal, or financial advice, and it is not tailored to your circumstances. Tax rules differ widely between countries and change over time. We can explain how our payouts work and provide records of what we paid you, but we cannot tell you how to report it or how much to set aside. For that, you need a professional who knows your jurisdiction.
Payouts are real income to you
When you reach a reward and we approve and clear your payout, that is real money leaving UZO and arriving with you. Many tax authorities treat money you receive as income, or as another taxable category, regardless of whether the underlying activity was simulated. The fact that you traded virtual capital does not, by itself, make a real payout tax-free.
A practical way to think about it: the question is usually not was the trading real, but did real money reach me. If the answer is yes, it is sensible to assume it may be reportable until a professional confirms otherwise for your country.
Why treatment varies by country
There is no single global rule. Depending on where you are tax resident, a payout might be treated as self-employment or business income, as miscellaneous or other income, or under another category entirely. Rates, thresholds, allowances, and filing deadlines all differ. Your residency, your other income, and how the authority classifies prop-firm rewards in your country all feed into the outcome.
This is also why we cannot give a number or a percentage. The same payout could be handled very differently for two traders living in two different places. Only someone qualified in your jurisdiction can map your situation to the correct treatment.
Keeping records for your taxes
Good records make tax time far easier and protect you if you are ever asked to explain the funds. Keep your own log rather than relying on memory, and store it somewhere safe.
The date and amount of each payout you received
The payout method (bank or crypto) and the receiving account or wallet
Any evaluation fees you paid, including the fee that is refunded on your first reward payout
Currency and any conversion at the time funds arrived
Your payout confirmations and proof-of-payout documents from UZO
You can request proof of your payouts and performance records from us, which your accountant may want to see. See the related articles below.
Whether UZO issues any specific tax forms or statements can depend on your situation, so please contact our team at support@uzo.com rather than assuming. We will tell you exactly what documentation we can provide.
A note on our entities
For context that your tax professional may ask about: UZO is operated by EonStrategy L.L.C-FZ (UAE, licence 2204298.01) as principal operator, with UZO LTD (Saint Lucia) operating the MetaTrader 5 simulation platform. We can confirm these details and provide payout records on request.
Where to get proper advice
Talk to a professional in your country
A qualified accountant or tax adviser licensed where you are tax resident is the right source. Bring your payout records and ask how prop-firm rewards are categorized and reported for your situation.
If you need documentation from us to support your filing, contact support@uzo.com and we will help with what we can provide. We are happy to support your accountant with proof of payouts. We simply cannot give tax advice ourselves.
Related
Proof of payout and performance certificates
Contact and support
