Oanda is a good solid broker for Canadians. I know of several traders who have been using them for years. If I need another FX / CFD broker I will be going with them. I have used FXCM (Canadian side is run by Friedberg Direct). I was unimpressed, ...

IB is solid all around broker, have been with them for years as well. I don't trade spot FX much at all anymore, but they do have a weird restriction where you can't place limit orders at anything but 5 pipette increments. It doesn't matter for most ...

Regulations. Ontario, BC, and Quebec all have their own regulatory bodies on top of the national IIROC. Ontario is especially a pain in the ass, and due to that all these brokers have been writing off Canada as a whole. What started most of this was ...

Metatrader is the worst backtester there is I didn't know this until I moved on some years ago.. Unlike Forex which is primarily locked to proprietary platforms, mostly MT4/5, i'm not aware of any futures broker that locks you into their ...

If spreads and execution are that important to your strategy maybe stay out of spot FX and look at futures? There is technically a spread but it's a tick (pip/pippette - smallest movement possible) Sometimes it goes to 2 ticks, but it's rare. ...

Agree, if you don't have enough money that you need 200:1 leverage, make enough with 30:1 at a regulated Canadian broker until it's not an issue. Spreads are a non issue at any decent broker.

I don't at this time, when I made my decision I narrowed down my research on IIROC (Canadian) and ASIC regulated brokers. Dukascopy was my backup, Swiss is a fairly safe choice in my opinion. I feel any IIROC broker like Oanda or FXCM Canada ...

It's not OK or a good choice for me personally. We lose all the regulatory power of ASIC, instead you deal with CIMA (Cayman Island's own authority). I don't know much about CIMA, but they are the regulations of a tiny country/nation state, so ...

Just a note to all that due to new ASIC regulations, any ASIC brokers are now at risk to Canadian and other international traders. I got my notice that VantageFX are closing all non-Australian accounts. My option is to move to another subsidiary in ...

This whole discussion on leverage is way over hyped, and people are bringing a lot of emotion into something that is actually very simple. There are three situations I can think of where leverage comes into play: - You want to mitigate your risk at ...

Just to further add, it doesn't matter if the markets are actually open and there is price movement, what matters is liquidity. More buyers and sellers means lower spreads. Any kind of holiday or low liquidity times (Sunday evenings for those of us ...

I also use Vantage FX for about a year with no issues. Good commissions. As I only like to keep limited funds in non-Canadian brokers the leverage with Vantage is a good plus as well.

Yeah the FIFO would be problematic. I've been lucky so far in not coming across it. Good to know GP. I am having second doubts of putting more funds in with Friedberg. I had an account open with VantageFX in less then 12 hours after a request on a ...

I have my own business to run as well and have been dropping clients lately to free up my time for things that motivate me, trading forex is a skill I spent quite a few years on and realized I could start leveraging it as a source of income. I'm ...

Yeah the overseas move is a consideration in the next few years I'd consider my account big enough that I'd be worried about keeping the amounts in a broker account that is not Canadian regulated and insured. With Vantage I can get around that by ...

OK thanks appreciate the insight. I see Oanda is regulated the same and is comparable. I will consider a smaller account at an offshore that isn't Canadian regulated, i'll take a look at Vantage and Dukas as suggested earlier in the thread.

Hi, i'm curious on what the reasons are for avoiding this broker? I was planning on investing more of my account with them. The rep I work with has been very upfront with me and I have no complaints. The base commissions, spreads, and leverage are ...

I have been looking for this kind of indicator for awhile, works good I am using it on JPY pairs with no problems I am a mini account so I just add m to the pair. GBPJPYm USDJPYm

Hey Josh, Do you have an updated version? 1.4 Just expired on the first

And if you are using a mini feed like IBFX, you just need to edit DDE entires and add an "m" to the end of the pair.