I hope I ask this in the right place.
Because of that CHF trouble I have closed all my accounts as an individual and thinking of trading as a company with limited liability, so I will not loose my last shirt on negative balance in the future. I have a few questions. The experience of Australian traders using Australian providers will be very useful.
1. Are companies with limited liability have an ability to trade as individuals using brokers like IC Markets, Think Forex or FXCM or others on the same conditions as individuals (leverage, spread, swaps, commission, minimal deposit)?
2. What kind of company is better for this kind of activity (trading), (I just came from overseas and I'm not very good rules on companies in Australia, but I know there are problems if you register a company that is not suitable for trading business).
3. Do I need to get an ABN number?
4. Do I need to register for GST?
5. Should I use my home address for a company like that or I can use a PO box?
Thanks in advance for your useful answers.
Because of that CHF trouble I have closed all my accounts as an individual and thinking of trading as a company with limited liability, so I will not loose my last shirt on negative balance in the future. I have a few questions. The experience of Australian traders using Australian providers will be very useful.
1. Are companies with limited liability have an ability to trade as individuals using brokers like IC Markets, Think Forex or FXCM or others on the same conditions as individuals (leverage, spread, swaps, commission, minimal deposit)?
2. What kind of company is better for this kind of activity (trading), (I just came from overseas and I'm not very good rules on companies in Australia, but I know there are problems if you register a company that is not suitable for trading business).
3. Do I need to get an ABN number?
4. Do I need to register for GST?
5. Should I use my home address for a company like that or I can use a PO box?
Thanks in advance for your useful answers.