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Best Broker for Canadians from Alberta

  • #161
  • Nov 24, 2017 11:23pm Nov 24, 2017 11:23pm
Quoting DoRight
appreciate for your comments. Yes, I know about these 2 criteria, cash and asset, where eventually reach have chance to become richer, but what shall we-I do? I do not have tons of cash or 500k asset, cant move out of Alberta yet, and definitely not looking to avoid taxes, but want to trade forex. So I am planning to open account in Dukascopy in Swiss or Lawtvia, so my question is, lets assume I make 1 mil/a year and will withdraw here in RBC and will pay taxes or course, SO will CRA say, eh- you did not have the right to open account oversees!-...
The CRA doesn't care where you earned your money as long as you report the income.
  • #162
  • Nov 25, 2017 10:03am Nov 25, 2017 10:03am
Quoting DoRight
appreciate for your comments. Yes, I know about these 2 criteria, cash and asset, where eventually reach have chance to become richer, but what shall we-I do? I do not have tons of cash or 500k asset, cant move out of Alberta yet, and definitely not looking to avoid taxes, but want to trade forex. So I am planning to open account in Dukascopy in Swiss or Lawtvia, so my question is, lets assume I make 1 mil/a year and will withdraw here in RBC and will pay taxes or course, SO will CRA say, eh- you did not have the right to open account oversees!-...
Like I said. It's governed provincially, not federally. Worst case scenario, the province says "stop trading". You could likely appeal your case given your success at trading, and get some kind of temporary pass to trade. Or better yet, help end their draconian laws. Most laws are put in place to protect people. I'm willing to bet Alberta's rules are set like that because some dumbass bet the barn on a trade, and lost it all. So the government went way too far overboard with their policies in order to "protect" people.

The CRA won't have anything to say about your trading, the are a part of the federal government. It's the province that might come in and say "you have to stop now". But the Canada Revenue Agency is not going to confiscate your money.
  • #163
  • May 17, 2018 12:25pm May 17, 2018 12:25pm
Quoting aa1
{quote} bull no. the way i traded stopped working so i am not trading live now, demoing a new way to trade. when i start live again will do another broker's research. last time australians seemed to be the best.
Curious if you are live trading with someone today. I ask because I am a Alberta Trader.
  • #164
  • Jun 26, 2018 4:33am Jun 26, 2018 4:33am
Well, I did not think I would be ever reviving this thread - I ended up trading with ICM from Australia and was happy so far. Now I just received a letter from them saying that the rules have changed and they are terminating all of their Canadian clients. It looks like the same applies to all Australian brokers so unfortunately the nice Australian niche is out for us.

Back to the search again - so what decent broker options do we have left as Canadians or to narrow it down even more, as Albertans now?
  • #165
  • Edited 4:48am Sep 21, 2018 4:32am | Edited 4:48am
If Australian brokers are terminating all of their Canadian clients, you can go with Tradeview markets https://www.tradeviewforex.com/ which provides both Metatrader 4 and ctrader platforms. Xenia http://xenia.ky/ provides only ctrader. Both are two good brokers in Cayman Islands who take Canadian clients. They are both strictly regulated by the Cayman Island monetary Authority which is similar to FCA UK, NFA US, ASIC Australia.
  • #166
  • Sep 21, 2018 8:35am Sep 21, 2018 8:35am
Global Prime accepts Canadian residents but I still prefer IC Markets due to more friendly deposit/withdrawal

Vantage FX is more like a bucket shop that begs you to deposit money
Don't Worry Be Happy
  • #167
  • Dec 17, 2019 1:02am Dec 17, 2019 1:02am
Hi All,
I am from Alberta and new to forex trading world. I am really struggling with identifying reliable broker. Can someone please suggest reliable broker.
  • #168
  • Feb 8, 2020 4:45pm Feb 8, 2020 4:45pm
REVIVE!! anyone interested in joining me to fight these bs alberta laws concerning forex trading? I'm sick and tired of it. I want to sign up with a regulated broker and I simply can't. When I called the alberta security commission, they told me that I need 2 million in assets if I wanted to trade with a regulated broker. how insane.

I want to fight to change the laws here. they are not needed. I don't need a commission of any kind dictating my life, and where I choose to invest/trade MY money.


Let's get this going guys, I need some support.
  • #169
  • May 4, 2020 5:59pm May 4, 2020 5:59pm
Quoting florin79
REVIVE!! anyone interested in joining me to fight these bs alberta laws concerning forex trading? I'm sick and tired of it. I want to sign up with a regulated broker and I simply can't. When I called the alberta security commission, they told me that I need 2 million in assets if I wanted to trade with a regulated broker. how insane. I want to fight to change the laws here. they are not needed. I don't need a commission of any kind dictating my life, and where I choose to invest/trade MY money. Let's get this going guys, I need some support.
Let's do it!!
  • #170
  • Last Post: Aug 28, 2020 12:21am Aug 28, 2020 12:21am
As Australian brokers are no longer accepting foreign clients, you can go with broker Tradeview markets which provides both Metatrader 4, Metatrader 5 and ctrader platforms. Another good broker is Xenia xenia.ky/ which provides only ctrader platform. Both of these good brokers are located in Cayman Islands who accept Canadian clients. They are both strictly regulated by the Cayman Island monetary Authority which is similar to FCA UK, NFA US, ASIC Australia.
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