Any thoughts on Ava Trade for Canadian residents? An feedback is highly appreciated.
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DislikedI have reviewed oanda and cmc... and their leverage is about 1:50... and monstrous spreads..... i need 1:500 to do roller coaster trading.... i have been icmarkets, vantagefx etc user before they kicked me. Now i am going with unregulated one which is tradersway.... ontario govt is making harder n harder for forex traders.... rest of Canadians can go with fpmarketsIgnored
Customer service 04:44:14
are you still available here
04:44:23
yes
Customer service 04:45:18
the passport ID, could you resent it again ? because we need the full images of it
Customer service 04:45:31
Customer service 04:45:46
as these are also important to us
Customer service 04:46:04
and your driving license as well
Customer service 04:46:40
that's the reasons that is why your request was rejected
04:49:35
What if you do not feel comfortable completely revealing all the sensitive information not asked before uploading the documents? I understand a proof of address from a government-issued ID which is what is visible in both of my documents.
Customer service 04:51:23
I'm sorry to hear that but we can't do anything if you feel uncomfortable revealing the sensitive information and it will not be able to opened an account unless you given the full image of it.
04:54:35
Okay, why are the driver's license and passport numbers needed to confirm my address
?
Customer service 04:57:23
we need to make sure that those information because we need to know it is the person who is using the account and not any other third party.
Customer service 04:58:54
and also unsure that the person does not have any criminal records
Customer service 04:59:15
are you still available here ?
04:59:29
yes I am available
Customer service 04:59:52
Is there anything else that we can help with you?
05:00:01
yes one moment
I guess I will be hearing from their account manager and I will be taking a look into them more to make sure they aren't super sketch. I would appreciate some help because they seem like the last people to give some sort of light at the tunnel without going completely offshore and dealing with all that added crap
DislikedThey are new... i am not comfortable with new ones... as for tradersway in business since 2009 and i do my due diligence before going with any new broker... so for me till now its good... i used bitcoin for deposit using my coinbase account.. fast deposit and i tried withdrawal thru same and it was quick as welll....Ignored
Disliked{quote} I hope that -$390 wasn't from a bad position and high leverage lol.... trying out Pacific Union Prime and so far theyre nice, super tight spread no commission. Ill let you guys know how it goes once i try to withdraw lolIgnored
Disliked{quote} sure let me know.... aaah thats nothing... i am just warming up with small accounts as i am coming from 3-4 months of complete no trading vacation... already blown 3-4 micro accounts i guess... if you see my history i tend to go 1000-2000 into 50000 in 3-4 weeks in casino style...I have done it multiple times with vantage on live TE...you can check my previous screenshots..... I am not bragging just letting you know it has nothing to do with the broker..... Only issue with tradersway they won't provide INdices... People say they are just...Ignored
DislikedYour best bet is to find an ASIC reg broker that also has an offshore license, and then on board there. They have the same protection for the offshore business but that's where they will accept Canadian clients. You will also get access to full leverage so it's best of both worlds, not for everyone though who doesn't rate offshore, can be controversial.Ignored
Markets
Current maximum leverage New maximum leverage for retail clients
Major Forex
1:500 1:30
Minor Forex
1:500 1:20
Major Indices
1:200 1:20
Gold
1:500 1:20
Commodities
1:100 1:10
Shares
1:20 1:5
Cryptos
1:5 1:2
Who are affected by the changes?
Only retail investors are affected by the changes.
QuoteDislikedFP Markets guarantee no re-quotes, no price manipulation and no dealer intervention... In addition, FP Markets provides access to stock and commodity markets during their pre-open and pre-close phases.
DislikedI'm surprise no one has mentioned FP-Markets yet. They're an MT4/5 ECN broker that's popular with Canadians, in part because they support CAD as an account base currency. {quote} Source: https://trustedbrokers.com/ca/fpmarketsIgnored
Disliked{quote} they don't accept Ontario clients..... otherwise i already mentioned pretty much similar to icmarkets trading conditions....which is one of the best in the industry......Ignored