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Which broker accepts Canadians?

  • #21
  • Sep 4, 2012 4:15am Sep 4, 2012 4:15am
Its seem the best and only option right now if your small is to just trade the micro futures of currencies. You can't trade the crosses but you can trade the majors.

The volume is very small but there is usually a 1 pip spread during an active period.

And if you trade commodities such as dow jones, gold, oil your best bet is to trade the ETFs on the stock market. But you need $25000 to daytrade.
  • #22
  • Sep 5, 2012 9:50pm Sep 5, 2012 9:50pm
Quoting Jack_Larkin
Hey Jason,

Could you provide more info on the requirements for Quebec residents? I was doing some digging and couldn't pull up any special requirements for them a-la Alberta's restrictions.

And just for clarity, the requirement for all other Canadian residents to trade with an IIROC regulated broker isn't fully true.

There's some requirements if the broker has a Canadian division that's locally regulated, but most other province's securities regulators do not explicitly restrict residents from conducting business with brokers who are...
The OSC told me that Ontario residents can open an account anywhere they want, but the broker is required to be registered with IIROC in order to accept Ontario residents.
  • #23
  • Feb 28, 2013 2:22pm Feb 28, 2013 2:22pm
Quoting DamCo
Ya it's getting really weird when i think about it.

I just recently moved up here to Alberta, the richest province in Canada because of the oil business with Americans. You would think this would be the last province to ban something like FOREX for "little" people coz everyone got the money. I'm making $18 bucks an hour for a simple job, highest wage i ever had so far in Canada.

Casinos, liquor stores and strip clubs are all over the place and illegal drugs are the easiest in Canada to come by. blah

I see Americans are always laughing...
Get out of Canada and move to Singapore, the best place to be for FX traders, the best time zone, the best weather, access to ALL brokers around the world, the best people to be around and safest place to be !! If you have been successful trading in FX, you should be able to afford to move to Singapore!!
Make your losses in demo. Earn your profits live.
  • #24
  • Mar 1, 2013 1:26pm Mar 1, 2013 1:26pm
Quoting ramy3
From what little info i can gather it's more of a corporate business decision than a regulation decision.
http://www.forexfactory.com/showthread.php?t=380954
http://50.22.104.143/~forum/images/b...-highlight.gif

Open one with another broker when you move. End of story...
I'm Canadian (from Quebec) and I do most of my trading with Exness. Never had any trouble with them. Except I have to control myself with their 2000 leverage ahaha
If you aim for the stars- but miss, you still get the moon...
  • #25
  • Edited 8:29pm Mar 1, 2013 2:20pm | Edited 8:29pm
Quoting aiming4stars
I'm Canadian (from Quebec) and I do most of my trading with Exness. Never had any trouble with them. Except I have to control myself with their 2000 leverage ahaha
Hmmnn...It seems Canada permits more brokers from Australia and New Zealand than from other countries in the world to do business with Canadians & Quebecers.

That's interesting...
Make your losses in demo. Earn your profits live.
  • #26
  • Jun 4, 2013 11:21am Jun 4, 2013 11:21am
I guess it's never been a better time than now to open a prop trading shop in Alberta. All the capital seeking trading talent will want to work for you.
Trax Tibidax Tibidox...
  • #27
  • Jun 4, 2013 12:27pm Jun 4, 2013 12:27pm
Quoting Forexia
{quote} Get out of Canada and move to Singapore, the best place to be for FX traders, the best time zone, the best weather, access to ALL brokers around the world, the best people to be around and safest place to be !! If you have been successful trading in FX, you should be able to afford to move to Singapore!!
Singapore is definitely on my list
Do you know anything about how they tax income from FX trading ?
  • #28
  • Jun 4, 2013 4:17pm Jun 4, 2013 4:17pm
i believe icmarkets (international capital markets) still does.
if you find a broker in australia, chances are they will accept canadian clients, it's just that they can't accept us clients. however, in canada, you will have to know your local provincial laws.
  • #29
  • Nov 29, 2013 10:49am Nov 29, 2013 10:49am
I think the only broker is Dukascopy that accepts Canadian and Albertans.
  • #30
  • Jan 25, 2014 8:53am Jan 25, 2014 8:53am
Any Canadians from Ontario dealing with FBS Markets.
Nobody ever went broke closing a trade in profit
  • #31
  • Mar 7, 2014 7:44pm Mar 7, 2014 7:44pm
Giving this thread a bump. Wondering if any Albertans are trading forex and with which broker?

Thanks
  • #32
  • Mar 12, 2014 9:54pm Mar 12, 2014 9:54pm
Quoting adaseb
Giving this thread a bump. Wondering if any Albertans are trading forex and with which broker? Thanks
Just click my username and look at my trade explorers and you see which brokers I am currently using. I am planning to transfer my funds from Alpari to Global Prime due to slippage not acceptable anymore.
Fear prevent possibilities, and so does Greed
  • #33
  • Mar 13, 2014 7:11pm Mar 13, 2014 7:11pm
Do you guys know any tax accountants/lawyers in Canada who are familiar with tax treatment of gains/losses from Forex transactions in the Canadian Income Tax laws? It's tax time now and I need to find an accountant who are able to calculate all those losses that I have incurred from my fx trading for me to offset my regular income and so far I can't find any.

Thanks
Make your losses in demo. Earn your profits live.
  • #34
  • Mar 28, 2014 1:32am Mar 28, 2014 1:32am
xtrader101: Pepperstone treating you alright? From Alberta? Details on how long you been with them, slippage,etc..
Razor spreads seem a lot tighter than OandA so the commission is probably worth it?

I'm finding this whole Accredited Investor garbage quite laughable. Anyone can buy a penny stock on the TSX-Venture,
hold the stock for a couple years, get rolled back 10:1 and basically have nothing left. But when someone who is
knowledgeable about one of the largest markets on the planet wants to try and trade a mini account, and accepts
the risk, why do I have to be making $200k a year or be worth $1M in assets (not allowed to include the house I
have the majority paid off). Pure stupidity. When they allowed a few brokers to become registered in Canada I was
happy because I new my money would be protected but then I find out I can't even open an account with them.
Ridiculous.
  • #35
  • Mar 28, 2014 2:09am Mar 28, 2014 2:09am
Quoting infodine
xtrader101: Pepperstone treating you alright? From Alberta? Details on how long you been with them, slippage,etc..
Pepperstone is alright. I've been with them for over a year.Do no expect not to have high slippage during high impact news. As an example recently, I was short GJ last night before the release of GBP retail sales and had my stop at 1.6940, but it got filled at 1.6970 (30 pip slippage), but I also took the opposite trade just before the news and closed at +102, so just make sure you know what you're doing.

Yes, i'm in Calgary. How about you?

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #36
  • Mar 28, 2014 3:23am Mar 28, 2014 3:23am
I think only Canadian and US brokers can accept Canadian trader since Canada is a part of South America. There are a strict regulation in trading so it's impossible for a offershore broker accept Canadian.
  • #37
  • Mar 28, 2014 9:44am Mar 28, 2014 9:44am
Well I look out my window and see a whole bunch of snow so I'm pretty sure Canada is in North America
not South America.
  • #38
  • Mar 29, 2014 11:35am Mar 29, 2014 11:35am
Hello everyone,

Would like to join in this conversation. Could someone recommend a broker (lol when typing this I forgot an "r" and typed it as "broke", and now i wonder is this where the word came from lol) for Ontario resident with low initial deposit? I had an account with CMSFX aka GAIN aka forex.com now. But they need 1000$ minimum now.

Just need a solid broker without headaches that uses meta trader. Thanks you all.
  • #39
  • Mar 30, 2014 4:15pm Mar 30, 2014 4:15pm
Anyone have any further information on regulations recently passed by the BC Securities commision? I received an email from VantageFX Aus, where I had a live account and they said due to new regulations they were no longer able to hold accounts of BC residents?
Enter Signature
  • #40
  • Mar 30, 2014 4:36pm Mar 30, 2014 4:36pm
danbo19, what are the regulations and how they impact us, trader? I live in Ontario but i hope they dont screw up anything here
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