OANDA Canada vs OANDA Corp. | Forex Factory

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OANDA Canada vs OANDA Corp.

  • #1
  • First Post: Jan 18, 2011 7:11pm Jan 18, 2011 7:11pm
Hi all,

I'm a Canadian and not sure which of the two I should get an account with.
One issue are the margin rules. oanda corp has up to 50:1 (2%)
http://fxtrade.oanda.com/help/policies/margin-rules

but oanda canada provides lower margin, the lowest (only available on a few of the majors) is 3%
http://fxtrade.oanda.ca/help/policie...n-requirements

This is the major difference I can find between the two. Oanda Canada comes with lower margin, but a different regulatory agency and also convenience with depositing/withdrawing funds.

Are there any other issues I should be looking at when deciding which option to choose?
Are there any Canadians on the forums who trade with OANDA, which did you choose, and why?
  • #2
  • Jan 19, 2011 2:25pm Jan 19, 2011 2:25pm
FXNewbie1,

If your current place of residence is Canada, as per Canadian law you have to register with OANDA Canada. If your start registration on the US site you will be redirected once you fill out your residence details.

If you have any more questions post them here or directly through the OANDA fxTrade contact page:

http://fxtrade.oanda.com/help/customer-service/feedback


Alfonso Esparza
OANDA fxTrade Team
  • #3
  • Nov 8, 2011 8:08pm Nov 8, 2011 8:08pm
Quoting AEsparza
FXNewbie1,

If your current place of residence is Canada, as per Canadian law you have to register with OANDA Canada. If your start registration on the US site you will be redirected once you fill out your residence details.

If you have any more questions post them here or directly through the OANDA fxTrade contact page:

http://fxtrade.oanda.com/help/customer-service/feedback


Alfonso Esparza
OANDA fxTrade Team
Hi Alfonso,

Oanda Canada is member of CIPF, so in case Oanda Canada become incolvent, CIPF will guarantee up to $1mil, what about Oanda US ?
~~ Happy Trading ~~
  • #4
  • Nov 10, 2011 12:30pm Nov 10, 2011 12:30pm
starbucks,

In the U.S. the regulators do not insure customer funds for Retail Forex Brokers.
  • #5
  • Last Post: Jul 16, 2012 4:53pm Jul 16, 2012 4:53pm
Quoting FXNewbie1
Hi all,

I'm a Canadian and not sure which of the two I should get an account with.
One issue are the margin rules. oanda corp has up to 50:1 (2%)
http://fxtrade.oanda.com/help/policies/margin-rules

but oanda canada provides lower margin, the lowest (only available on a few of the majors) is 3%
http://fxtrade.oanda.ca/help/policie...n-requirements

This is the major difference I can find between the two. Oanda Canada comes with lower margin, but a different regulatory agency and also convenience with depositing/withdrawing...

Hello there,

For USD account, XAUUSD margin is like 5:1. that's a little too low i guess. I have been with FSCM UK for quite a while using 100:1 trading gold. This 5:1 seems like a joke. So I talked to this agent online, he told me that's the new Canadian regulation and all the brokers throughout Canada have to follow that! ... ...
Whatever is happening right now has happened before and will happen again.
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