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Best Countries to Trade Forex

  • #1
  • First Post: Feb 22, 2010 7:24pm Feb 22, 2010 7:24pm
Hello all,

I was wondering, what is the best country in the world to trade forex?

Please take into consideration lowest taxation, time (GMT), and of course weather!

Thanks!
  • #2
  • Feb 22, 2010 8:03pm Feb 22, 2010 8:03pm
Just come to Australia, mate! All will be well. No worries.
  • #3
  • Feb 22, 2010 8:26pm Feb 22, 2010 8:26pm
Quoting ToeCutter
Just come to Australia, mate! All will be well. No worries.

He wants "Lower Taxation!!"
  • #4
  • Feb 22, 2010 8:43pm Feb 22, 2010 8:43pm
Quoting matthewi
He wants "Lower Taxation!!"

how about Iraq or Afghanistan?...no proper government..no system...SO, no tax.....
-happyTrading-myFx.
  • #5
  • Feb 22, 2010 8:57pm Feb 22, 2010 8:57pm
You may want to have a look inside this thread:

http://www.forexfactory.com/showthread.php?t=178825

where the same subject was under discussion lately...
  • #6
  • Feb 22, 2010 8:59pm Feb 22, 2010 8:59pm
I vote anywhere that you can hedge!
  • #7
  • Feb 22, 2010 9:11pm Feb 22, 2010 9:11pm
Quoting matthewi
He wants "Lower Taxation!!"
Heh heh.. touche!

Yeah, we get hammered from pillar to post. Of course, Matty, you understand this! (I'm Matthew from Melbourne, too!) Everywhere you look there's multiple layers of local, state, federal and other duties, taxes and levies.

Through my company, I pay 30% flat, from dollar one, on the net income from trading.

Were I to pay income tax as an "individual", I could take advantage of the marginal income tax rate structure, but it *averages* 30%, same as the company, at an income of approximately AU$150,000. Sure, anything under $150K, I'd potentially pay less in income taxation, but this does not take into consideration the flexibility and other benefits of running a company. Of course, anything over $150K, and I'm better off at 30% flat, so that was the decision we made about 12 years ago.

Still, bugger the taxes, if you don't live here, get over here anyway!! What the bloody hell are ya waiting for?
  • #8
  • Feb 23, 2010 2:39am Feb 23, 2010 2:39am
I know a lot of midstakes poker players who have moved/are moving to Thailand. Beautiful place and ridiculously cheap to live - a few US dollars goes a hell of a long way.
si hoc legere scis nimium eruditionis habes
  • #9
  • Feb 23, 2010 6:13am Feb 23, 2010 6:13am
Quoting tdot-ozone
Hello all,

I was wondering, what is the best country in the world to trade forex?

Please take into consideration lowest taxation, time (GMT), and of course weather!

Thanks!
so where are u right now ?
  • #10
  • Feb 23, 2010 6:28am Feb 23, 2010 6:28am
How about the Arctic? Beautiful atmosphere, awesome environment, ocean-front home, and chill out with the local polar bears.

Laptop will last forever due to super-cooling, thus near zero electric resistance.

Tax-free zone as well. Use the money to invest in igloos.
  • #11
  • Feb 23, 2010 6:50am Feb 23, 2010 6:50am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ToeCutter
Just come to Australia, mate! All will be well. No worries.
I'm with you on this one, moved over 18months ago. great weather, great people, and the timezone for me works realy well.

Tdot:- With regards Tax - you want somewhere with good education, a good police force etc - your gonna have to pay tax, consider it child care
  • #12
  • Feb 23, 2010 6:56am Feb 23, 2010 6:56am
Quoting myfx
how about Iraq or Afghanistan?...no proper government..no system...SO, no tax.....
no banks and no internet too
  • #13
  • Feb 23, 2010 7:17am Feb 23, 2010 7:17am
come to my country buddy where most people run away from taxes
you can start from japan open till late US mid day.
weather quite friendly no snow and tornado
Don't mind me.. i'm crazy
  • #14
  • Feb 23, 2010 11:39am Feb 23, 2010 11:39am
Hong Kong is not bad, no taxes on capital gains. Also you are only a few hours plane ride away from thailand getaway!
  • #15
  • Feb 24, 2010 4:50pm Feb 24, 2010 4:50pm
Ah, great to hear from one of the locals

A company would be a great way to go for sure. Unfortunately, if I was trading through a company, it would end up mainly dealing in losses

Got to agree though, great place to live!!! Have been here all my life, and not really seeing much reason to leave..... except for frustration at our governments. They drive me insane!

Quoting ToeCutter
Heh heh.. touche!

Yeah, we get hammered from pillar to post. Of course, Matty, you understand this! (I'm Matthew from Melbourne, too!) Everywhere you look there's multiple layers of local, state, federal and other duties, taxes and levies.

Through my company, I pay 30% flat, from dollar one, on the net income from trading.

Were I to pay income tax as an "individual", I could take advantage of the marginal income tax rate structure, but it *averages* 30%, same as the company, at an income of approximately AU$150,000. Sure, anything...
  • #16
  • Apr 13, 2010 6:15am Apr 13, 2010 6:15am
Quoting tdot-ozone
Hello all,

I was wondering, what is the best country in the world to trade forex?

Please take into consideration lowest taxation, time (GMT), and of course weather!

Thanks!
All brokers are registrated in offshores. There are no taxes in this countries, so may be the best place ti trade is there.
  • #17
  • Apr 13, 2010 6:30am Apr 13, 2010 6:30am
Singapore also is a nice country with no taxes on capital gains.
  • #18
  • Apr 13, 2010 6:35am Apr 13, 2010 6:35am
I think indonesia the best country for trading ...
" Pips by pips to my pocket "
  • #19
  • Jul 29, 2014 1:02pm Jul 29, 2014 1:02pm
Nigeria.
  • #20
  • Mar 17, 2015 10:28pm Mar 17, 2015 10:28pm
How about UAE or hong kong ? any one who actually have company incorporated in this countries care to advice please
Everything is possible in trading
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