ECN Forex Broker for Canadian Residents

Hi,

I am searching for a good ECN Broker. I live in BC, Canada and that is why I am searching for a broker who allows you to open an account from here.
I also want to start with a $500 account.

Can you guys help me to find a good broker who could fulfill my demands.

would mbtrading futures? they start at 400$ and have position size 1k$ minimal. spreads 1-3 and commission is 1 pip for a round trade. they use to not work with a french speaking state of canada.

Whats up w/ BC? What did your govt do now? - just joking- I love that area - but am curious about why the prob w/ brokers. ie I think Alpari wont open an acct for you all and i've read elsewhere that brokers wont open accts.

they won't work with ANY canadian citizen...resident..or not...been there done that.

What's wrong canadians?

oh, how about interactivebrokers?
but they don't have small account/small lots I guess.

I'm thinking for hundred $ acc a 1pip spread microlot market-maker might be just fine.
avoid the news and don't risk too big leveraged position...

ecns are typically not for tinies, isn't it?

so no ecn broker for us canadians ?

A trader named Moonstar posted this at babypips around the end of feb/09
This is the same kind of 'cradle to grave' govt care we in the US will probably soon have...

>>>>
Thank you for contacting the British Columbia Securities Commission (BCSC).

Forex trading, whether automated or not, requires registration in British Columbia. Forex dealers that are registered in jurisdictions outside of Canada are also required to register in British Columbia if they serve British Columbia residents.

British Columbia is the only jurisdition in Canada that currently regards trading in forex contracts as trading in securities under the British Columbia Securities Act.

Prior to January, 2008, we required forex dealers to registered with us as 'exchange contract dealers'. British Columbia Policy 31-601, Registration Requirements, as amended in January 2008, currently requires forex dealers to register as 'investment dealers' and become members of the Investment Industry Regulatory Organization of Canada ("IIROC", formerly: the Investment Dealers Association of Canada). Link to 31-601, URL: <http://www.bcsc.bc.ca/policy.aspx?id...%20Related%20M atters>.

Many forex dealers shy away from registering in British Columbia because of IIROC's stringent margin requirements.

You may be interested to read a summary we created on the subject of forex trading for our InvestRight web site, URL: <http://www.investright.org/investprod.aspx?id=175>.

You can also conduct a search on our main web site to locate information on enforcement actions we have pursued that relate to forex trading, simply enter 'forex' in search bar, URL: <http://www.bcsc.bc.ca/>.

The following dealers offer FOREX:

FXCM Canada Ltd.
Interactive Brokers Canada Inc.
MF Global Canada Co.
Questrade, Inc.
TradeFreedom Securities Inc.

If you need more help, please contact us again.
>>>>

I'm going to open an account with Oanda. they allow bc residents to open an account. leverage is 50:1 though.

Actually mbtrading will work with Ontario residents. I am in manitoba and thought that i could use my cottage address in ontario but they wouldn't go for that. I trade through my company in manitoba and even told them that i would open an ontario office but they said no to that as well.

But residents of Ontario they will accept.

The ones that will accept CDNs use bigger account sizes. They will also allow you to keep your account in CAD.

I am currently looking for another broker.

prefer ecn, prefer account in CAD, prefer MT4. (I know I want a lot)

$500 is very small start deposit. Most of ECN brokers require at least $1000

I live in Canada, BC, Richmond, There are many Asian here with Money but I am not one of them, My sister told me, She joined a non-register free help Currency trading club in BC, Richmond using FXCM or Apriri UK?, She met many Asian house wife, She lose 80,000+, and She met some ladies lose 7 figures there then never come back.

I am new and I did demo for few week with good results , I find that it is hard to find a low fee reliable broker doing business for BC Canada resident.

I find couple low fee Forex ECN/STP Broker, They are too new and not in North American, FXopen, Hotforex, Etc, not sure how reliable they are and Not sure how hard to wire transfering money to them and withdrawal to them(harder).

FXOpen is an ok broker, no worries deposits/withdrawals.

there are many brokers that publish their brands as ECN but they are not realy ECN brokers so you should test their demo first. Anyway, I recommend on two brokers in which I have live accounts: sunbirdfx & Alpari. Both are real ECN brokers without no dealing desk. Very fast executions…. Alpari min is 500$ and sunbirdfx 100$ so you are qualified for both of these brokers…good luck.