I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
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[Tax Saving] Forex Brokers Corporate Account

The high leverage and negative balance protection system of forex allow you to trade for high returns, but one of the concerns is the high tax rate.

The more money you make, the more taxes you will pay.

Many of the forex traders who have been making money are trading with corporate accounts.

Or, if you already have a company, you can trade forex with a corporate account.

In this article, I will explain followings.

  • What is a corporate account?
  • Advantages and disadvantages of corporate account
  • Forex broker that offer corporate account

Difference in tax rates between corporate and individual accounts

This varies from country, but in general, when it comes to profits from forex trading, tax payments tend to be lower when trading as a corporation than when trading as an individual.

In Japan, for example, the top tax rate for individual traders is 55%, while the rate for corporations is about 30%.

Advantages of Corporate Accounts

When compared in this way, although the benefits of forex Broker’s high leverage and NBP are significant, the differences between individual and corporate accounts do not seem to be that great in terms of taxation, except for traders who continue to make very large profits.

In fact, corporate accounts have significant advantages other than the tax rate.

In other words, these will lead to significant tax savings.



Advantages of Corporate Accounts
  • Many expenses can be recorded
  • Profit and loss can be added up
  • Losses can be carried forward

These can be used to save a great deal of tax.
There are some people who make profits from forex traidng but pay little or no tax.

All of these are generalizations, and the rules vary depending on the country where the tax is paid.

However, especially in terms of expense, various costs can be treated as necessary expenses for accounting purposes, which means that you can lower your tax payment by reducing your actual profit.

Disadvantages of Corporate Accounts

On the other hand, there are some disadvantages to having a corporate account.
The main ones are hassle and cost.

Disadvantages of corporate accounts
  • Time and cost for establishment
  • Maintenance cost
  • Time and cost for closing accounts

To establish a corporation, you need to register it.
This can be done by yourself, but it is usually done by a professional.
There are costs associated with the preparation and creation of various documents, as well as fees.

There is also the cost of maintaining the corporation.
If the profit is negative, you don’t need to pay tax, but some cost is needed to maintain company.

Also important is the closing of accounts.
Although it is not impossible to do by yourself, it requires a great deal of expertise, such as journalizing and preparing tax documents, so it is common to ask a tax accountant to do it. Basically, this will cost.
In addition, it is necessary to keep receipts and other documents for processing expenses in order on a daily basis.

Who should trade with a corporate account?

People who should trade with a corporate account are as follows.

  • Those who are profitable in Forex. 
  • Those who already have or are planning to set up a company.

If you already have a company, then you should trade forex with a corporate account.

If you are always profitable, you may change from a personal account to a corporate account now.

Please check your country’s taxation system well and make a decision.

Forex brokers that offer corporate accounts

The following are some of the forex brokers that support corporate accounts.

Among them, XM is the only one that does not support corporate accounts.
All other forex companies support corporate accounts.

Forex BrokerCorporate AccountRemark
XM×
FXGTNeed to contact support
FBSNeed to contact support
GEMFOREX
HotForex
TitanFX
LAND-FX
AXIORY
Tradeview
iFOREXNeed to contact support
TMGMNeed to contact support

Documents required to open a corporate account

Depending on the broker, the following documents are required.
Please check with each broker for details.

  • Articles of Association
  • Proof of Business Address
  • Company Incorporation Certificate / Affidavit
  • Verification of Shareholders
  • Verification of Directors
  • Share Register

How to open a corporate account in each broker

FXGT Corporate Account

From the FXGT top page, click on CLIENT REGISTER to open a individual account.

Then contact support and ask to switch to a corporate account.

\Just 3 minutes!!/
Open a Corporate Account

FBS Corporate Account

From the FBS top page, click on OPEN ACCOUNT to open a individual account.

Then contact support and ask to switch to a corporate account.

\Just 3 minutes!!/
Open a Corporate Account

GEMFOREX Corporate Accont

From the GEMFOREX top page, click on Open a Real Account.

Then select “Corporate Accounts”.

\Just 3 minutes!!/
Open a Corporate Account

HotForex Corporate Account

From the HotForex top page, click on Open Live Account.

Then select “Corporate Accounts”.

\Just 3 minutes!!/
Open a Corporate Account

TitanFX Corporate Account

From the TitanFX top page, click on Open a live account.

Then select “Corporate Trading Account”.

\Just 3 minutes!!/
Open a Corporate Account

LAND-FX Corporate Account

From the LAND-FX top page, click on Open Account.

Then select “Corporate Account”.

\Just 3 minutes!!/
Open a Corporate Account

AXIORY Corporate Account

From the AXIORY top page, click on Open Account.

Then select “Corporate Account”.

\Just 3 minutes!!/
Open a Corporate Account

Tradeview Corporate Account

From the Tradeview top page, click on Live Account.

Then select “Corporate Account”.

\Just 3 minutes!!/
Open a Corporate Account

iFOREX Corporate Account

From the iFOREX top page, click on REGISTER to open a individual account.

Then contact support and ask to switch to a corporate account.

\Just 3 minutes!!/
Open a Corporate Account

TMGM Corporate Account

From the TMGM top page, click on Start Trading to open a individual account.

Then contact support and ask to switch to a corporate account.

\Just 3 minutes!!/
Open a Corporate Account

ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].