Restrictions for a Canadian trader...

Recently a friend of mine from canada tried to open account with oanda, but as the OANDA CANADA offers very less leverage she expressed interest in opening account with OANDA BVI because the leverage there is good, but she was denied saying as she based in canada she can open account only with OANDA CANADA. She tried with FXCM and FXCM also replied the same. now she tried with FP markets, to open account with there Australia office but they too refused but they let her open the account with there "St.Vincent and Grenadines" office where the leverage is 1:500 ......... then there are some other brokers also who have high leverage and are ready to let her open a trading account with them. but now she is in a dilemma whether to open account with them or not as those are unregulated brokers.
She still trusts FP Markets "St.Vincent and Grenadines' office as FP markets Australia office is under ASIC regulations and in operations since last 10-15 years.
Anybody have an account in FP Markets St.Vincent and Grenadines, Please share your experience about them. how is there withdrawal? Would you recommend to open account with FP market St.Vincent and Grenadines ?? Your reply will be appreciated.

In my personal opinion, trusting a broker licensed in an offshore zone like the St. Vincent and the Grenadines cannot be entirely trusted.

Offshore zones are inherently risky due to a number of factors - provide very little oversight, no compensation schemes should something go wrong, the initial capital requirements for the broker in questions are tiny, etc.etc. One should be pretty careful when working with a broker with such a license.