Make your losses in demo. Earn your profits live.
B Book Broker for Canadians? 4 replies
Which broker accepts Canadians? 56 replies
FOREX Broker for Canadians 4 replies
Recommended broker to trade Stocks? (for Canadians) 6 replies
Binary options broker for Canadians 0 replies
Disliked{quote} I don't know, Forexia, we had a pretty nice winter in Calgary this year compared to the rest of the country.Ignored
Disliked{quote} Maybe you opened your account BEFORE the change in regulations that now forbids trading of forex for Albertans.Ignored
Disliked{quote} You mean like -22 F (-30 C) in March and -13F (-25 C) in November of 2014? {image}Ignored
Disliked{quote} Ah, but what does the chart look like for January - March 2015?Ignored
DislikedIan, I don't want to fight my way through with IB even if I could. What is the point? I can talk to a different person and possibly get a different answer, I understand that. Most likely I won't be able to trade with them my way because of their minimum position requirements and margin anyway. I also cannot trade with FIFO rule which they are probably implementing. If they don't want me then I don't want them. I want my broker to love me. So far all that I discussed with Dukas sounds very encouraging.Ignored
DislikedYes, the Swiss protection is the main reason why I want to open an account with them, Switzerland based branch not European or any other. Although, now it looks like they are using one leverage during the week and for the weekend they are shrinking it down to 60 or even 1:30. I might not be able to trade with them because of that, still discussing as their weekend margin requirements can generate a margin call for me. If not them - I don't know who. Probably another Australian broker, likely Pepperstone, will see. As always, when you start looking...Ignored
DislikedInteractivebrokers is for trading stocks, options, etc, not for trading forex. It is true that u can see orders on level 2, but the leverage is only like 10:1. At that king of leverage, there is no point to trade forex because u will be lucky to make 20% annual return. With Interactivebrokers, you can trade stocks all over the world. If found a good stock that goes up 10000% in a year, then u do not need anything else.Ignored
DislikedAgree. Well, as I posted, so far Interactive Brokers offered me a leverage of 1:1 so they are out of question already because of that. And this is just because I am from Alberta. I am trading a system with a lot of small trades, so I may have, say, up to a 100 trades open at the same time. So I do need microlots even if I deposit a 100,000 as an example. Also that is why I care about leverage and margin so much as with this number of trades it may take a lot of margin to sustain them plus to the actual trades going into negative for some time. Also,...Ignored
DislikedTry Interactive Brokers if you have $10K. They are regulated by IIROC and is a member of CIPF so your investment funds with them are protected in case anything happen to the broker. Below is the pro's and con's of this broker: Pros: Fast execution with very little slippage, rarely widening of spread even during news time, fast and reliable deposit AND withdraws, one of the cheapest commission and TRUE ECN Cons: Horrible trading platform (slow and user-unfriendly AND error-prone), absolutely out of market rollover interest rate, higher required margin...Ignored
Disliked{quote} No leverage for trading forex at Interactive Brokers varies depending on the risk and liquidity of the currency pair. It's 33 - 40:1 for majors and as low as 5:1 for exotic pairs like the Russian Rubles. The 10:1 you mentioned is for South Korean Won if you want to trade it. LOL https://www.interactivebrokers.com/en/index.php?f=margin&p=forex So at 33:1 leverage, you can still profit as long as you have a good strategy. But then again if...Ignored
Disliked{quote} sadly getting killed slowly is more painful. is that why u like low leverage? lol. it doesnot prevent margin call but it does prevent rapid gain.Ignored