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Brokers for Canadians?

  • #321
  • Oct 8, 2021 6:26am Oct 8, 2021 6:26am
Finprotrading?
  • #322
  • Oct 14, 2021 11:47am Oct 14, 2021 11:47am
Quoting blunderbuss
Greetings from Canada, which is pretty much "No Man's Land" as far as online brokers are concerned. Before I go through this whole thread, I think this explains it: https://www.forexfactory.com/thread/...ce-to-be-an-fx? 4031248 That's no joke. I first found out about this the hard way a few years ago. I was trading with GFT, which was part of Gain Capital. They announced that they were ending their retail forex platform for small fry like me. Naturally, I started looking for another trader by email. To my surprise,...
Blunderbuss,

Do you mind if i ask whom you trade with? with Oanda and it is ok not great.
  • #323
  • Oct 14, 2021 10:53pm Oct 14, 2021 10:53pm
Quote
Blunderbuss,

Do you mind if i ask whom you trade with? with Oanda and it is ok not great.

When GFT stopped offering its services to retail accounts, I managed to find that forex.com was
still offering services so I opened an account with a paltry $500, hoping to refine my knowledge
and trade $1/pip. That way, a breakout trade at a respectable level of leverage could help me
get breakout trades in the 90-150 pip range. (This is just small beer to many of the traders on
board; I haven't quit my day job yet.)

However, I was appalled to learn that even great trades only allowed me to grab about $10,
not the $100 I was hoping to get. That doesn't even cover the cost of the internet.

I am going to have to either (i) start an offshore business and trade in Canada as an
employee of that firm, or (ii) move to either London or New York and trade there,
where online brokers will provide service.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #324
  • Oct 15, 2021 12:32am Oct 15, 2021 12:32am
Quoting blunderbuss
{quote} When GFT stopped offering its services to retail accounts, I managed to find that forex.com was still offering services so I opened an account with a paltry $500, hoping to refine my knowledge and trade $1/pip. That way, a breakout trade at a respectable level of leverage could help me get breakout trades in the 90-150 pip range. (This is just small beer to many of the traders on board; I haven't quit my day job yet.) However, I was appalled to learn that even great trades only allowed me to grab about $10, not the $100 I was hoping to get....

Look at your private messages
  • #325
  • Nov 9, 2021 4:16am Nov 9, 2021 4:16am
Quoting Antny
{quote} Blunderbuss, Do you mind if i ask whom you trade with? with Oanda and it is ok not great.
- Currently back in the UK after being in Canada during COVID and managed to find a good broker but looking for a few to spread risk.. any suggestions?
  • #326
  • Last Post: Nov 26, 2021 5:24am Nov 26, 2021 5:24am
Quoting TraderAlex01
{quote} - Currently back in the UK after being in Canada during COVID and managed to find a good broker but looking for a few to spread risk.. any suggestions?
Can check out coinexx for low spreads.
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