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Recommended Brokers for Canadians

  • #181
  • Sep 23, 2019 3:57pm Sep 23, 2019 3:57pm
Quoting fullgasjoe
I have an account with Global Prime. They still can accept Canadians. Their spreads are amazing and no issues with funding via credit card. I also use an IB who offers rebates after every trade. So their price is very competitive. You can find some reliable IBs on Google if you search for Global Prime and rebates keywords. Their reviews on FPA is really impressive. I can only recommend them.
But you are not from Canada?
Don't Worry Be Happy
  • #182
  • Sep 27, 2019 3:45pm Sep 27, 2019 3:45pm
Global Prime is not longer looking to be an option....
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  • #183
  • Sep 30, 2019 8:33am Sep 30, 2019 8:33am
Quoting rbs270
Global Prime is not longer looking to be an option.... {image}
don't they accept clients from Canada for the offshore accounts? just like ICMarkets and many other Australian brokers?
Don't Worry Be Happy
  • #184
  • Sep 30, 2019 9:06am Sep 30, 2019 9:06am
Quoting rbs270
Global Prime is not longer looking to be an option.... {image}
I guess Global Prime is now a Mickey Mouse broker. No insult intended for Mickey Mouse
  • #185
  • Sep 30, 2019 9:39am Sep 30, 2019 9:39am
Quoting MrPresident
{quote} don't they accept clients from Canada for the offshore accounts? just like ICMarkets and many other Australian brokers?

Good point. I was at the AUS site. After digging deeper I found Global Prime FX. They do have a few limitations but replaced Canada with Vanuatu.

"International Clients

Global Prime is not able to accept clients from North Korea, Iran, United States of America and Vanuatu."

  • #186
  • Oct 1, 2019 5:43am Oct 1, 2019 5:43am
Im with Global Prime.....their new Sub Broker for Canadians (Vanauata....?!?). Working fine. Good broker. They are solid. I recommend them.

Only caveat is Global Prime spikes their spreads at the end of the trading day 5-6 PM EST. Not uncommon to see spreads widen 10-20 pips. Clears everyone out. Be careful on that.
  • #187
  • Oct 2, 2019 7:34am Oct 2, 2019 7:34am
Quoting Achilles28
Im with Global Prime.....their new Sub Broker for Canadians (Vanauata....?!?). Working fine. Good broker. They are solid. I recommend them. Only caveat is Global Prime spikes their spreads at the end of the trading day 5-6 PM EST. Not uncommon to see spreads widen 10-20 pips. Clears everyone out. Be careful on that.
Since I mostly trade using daily charts widening spreads at the end of the day is my worst enemy.
  • #188
  • Feb 1, 2020 12:34am Feb 1, 2020 12:34am
Anyone tried Axitrader? They have 500 leverage and accepts Canadian accounts
  • #189
  • Feb 1, 2020 2:52pm Feb 1, 2020 2:52pm
Quoting aleho
Anyone tried Axitrader? They have 500 leverage and accepts Canadian accounts
I checked Axitrader and their web site indicates: AxiCorp is authorised and regulated by the Financial Conduct Authority – FCA Reference Number 509746.
What is odd is that FCA can only authorize a leverage of 50:1. So I checked if the firm was regulated by FCA and found on the FCA web site:

No search results for https://www.axitrader.com/uk or forFCA Reference Number 509746. The FCA site indicated:

Axitrader FX (clone of FCA authorised firm)

Warnings Published: 21/11/2019 Last modified: 16/12/2019

Axitrader FX (clone of FCA authorised firm) is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself from scammers.

It's up to you to make your own decision but if the FCA data is accurate I would not invest a rusted penny with that firm
  • #190
  • Feb 1, 2020 5:19pm Feb 1, 2020 5:19pm
I put my live EA account with Oanda Canada. So far so good. I also manually trade with Questrade.ca but looking to move to someone else as they seem so enjoy to finding ways to hold your money whenever you want to withdraw.
  • #191
  • Feb 2, 2020 2:55pm Feb 2, 2020 2:55pm
Quoting hastings
I put my live EA account with Oanda Canada. So far so good. I also manually trade with Questrade.ca but looking to move to someone else as they seem so enjoy to finding ways to hold your money whenever you want to withdraw.
What I love about Canada is that it's easy to open an account. All traders need is a bank account in Canada. The best is that Canada has the highest account protection in the world with CIPF providing CAD 1 million per account in case the broker goes bust. Questrade is even better with CAD 10 million but their Mickey Mouse platform majorly sucks
  • #192
  • Feb 7, 2020 5:09am Feb 7, 2020 5:09am
Choosing an offshore broker is the only option left with Canadians now. Just like traders from United States. I agree to most of the points above, there is an issue with reliability with them, but some of them are actually genuine. if I were to name a few turnkeyforex, fxglory or lmfx etc. Read out for more information about these brokers on Babypips.
  • #193
  • Feb 16, 2020 8:53pm Feb 16, 2020 8:53pm
FXPig accepts Canadian clients. Haven't funded or tried them yet but not too bad of reviews on forexpeacearmy.
Evolve Markets funded with BTC is awesome. No problems at all. MT4 and MT5 and web platform.
  • #194
  • May 8, 2020 8:00am May 8, 2020 8:00am
I have live accounts with AxiTrader and AVAtrade. Use axi most of the time(better leverage) Like them both still after many years.
  • #195
  • May 8, 2020 8:09am May 8, 2020 8:09am
I am using Fusion Markets. The CEO is from Pepperstone, super nice guy. The spreads are good for zero commissions with the Classic account. The Zero account offer tighter spreads with a $4.50 CAD commission. 500:1 leverage and great customer support. I found Fusion on ForexPeaceArmy where Fusion has a link for Canadian clients. Happy trading!
  • #196
  • May 19, 2020 9:04pm May 19, 2020 9:04pm
Howdie all; has anyone had any real live account experience with Traders Way from Dominica etc. appreciate all feedback please, the good the bad and the ugly, lol
  • #197
  • May 20, 2020 6:50am May 20, 2020 6:50am
Quoting harrytorso
FXPig accepts Canadian clients. Haven't funded or tried them yet but not too bad of reviews on forexpeacearmy. Evolve Markets funded with BTC is awesome. No problems at all. MT4 and MT5 and web platform.
FXPig doesn't have a compensation fund in case it goes bankrupt so only traders that like to take chances would put their money at risk with this broker.
  • #198
  • May 20, 2020 6:56am May 20, 2020 6:56am
Quoting Trade-Master
Howdie all; has anyone had any real live account experience with Traders Way from Dominica etc. appreciate all feedback please, the good the bad and the ugly, lol
Trader's way is the same as FXPig since it doesn't have a compensation fund in case it goes bankrupt.
Only traders that like to take chances would put their money at risk with this broker.
  • #199
  • May 20, 2020 7:09am May 20, 2020 7:09am
Quoting Bob99
Choosing an offshore broker is the only option left with Canadians now. Just like traders from United States. I agree to most of the points above, there is an issue with reliability with them, but some of them are actually genuine. if I were to name a few turnkeyforex, fxglory or lmfx etc. Read out for more information about these brokers on Babypips.
Three points:

1. Could you please explain why choosing an offshore broker is the only option left for American and Canadian traders?

2. I'm American and I would never put a cent with an American broker because of crappy regulations and no protection in case the broker goes bankrupt. I have experience with many forex brokers that went bankrupt and the US ones are the worst unless you don't mind taking them to court. Best are those in Canada, Cyprus, Greece and UK.

3. I trade with OANDA Canada because it has great regulations backed up by a great protection fund of $1 million per account in case OANDA goes bankrupt.
  • #200
  • May 25, 2020 3:36am May 25, 2020 3:36am
Quoting Hutch
{quote} Three points: 1. Could you please explain why choosing an offshore broker is the only option left for American and Canadian traders? 2. I'm American and I would never put a cent with an American broker because of crappy regulations and no protection in case the broker goes bankrupt. I have experience with many forex brokers that went bankrupt and the US ones are the worst unless you don't mind taking them to court. Best are those in Canada, Cyprus, Greece and UK. 3. I trade with OANDA Canada because it has great regulations backed up by...
I think preferences of each trader are subjective. I know some offshore brokers can be a mess at times, but the ones I have mentioned, I have tested those and out of personal experience I say that they are good.
Coming to the brokers that come out of Canada, Cyprus and all, they might be good, no doubts about it. But as I said, it all ends up at personal preferences. Like if I talk about leverage, then OANDA just provides a max of 30:1, whereas with turnkeyforex, lmfx, it is expandable upto 500:1. Not all brokers provide the same trading conditions and so according to suitability, some factors have to be given up at times.
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