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Québec, Canada - Can't find a forex broker

  • #1
  • First Post: Jul 30, 2015 3:46pm Jul 30, 2015 3:46pm
Hi everyone,

This morning I receive a message from my broker at fxpro who said that quebec client can no longer have an account due to some new canadian regulation. So my account have been close and I'm seeking for a new broker.

Is there someone from quebec who can point me out a forex broker who accept quebec resident?

Thanks!
  • #2
  • Jul 30, 2015 5:56pm Jul 30, 2015 5:56pm
Interactive Brokers, Questrade and Oanda I know for sure, I think Dukascopy and Fxcm also.
It's not about what you make, it is about what you don't lose
  • #3
  • Jul 30, 2015 6:09pm Jul 30, 2015 6:09pm
Check Pepperstone



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #4
  • Jul 30, 2015 6:10pm Jul 30, 2015 6:10pm
I am from Montreal, Quebec. I do business with Dukascopy and Dukascopy Europe. Pepperstone, AvaTrade and Questrade.
Check them out.
  • #5
  • Jul 30, 2015 6:11pm Jul 30, 2015 6:11pm
Quoting Salmas
I am from Montreal, Quebec. I do business with Dukascopy and Dukascopy Europe. Pepperstone, AvaTrade and Questrade. Check them out.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #6
  • Jul 31, 2015 6:04am Jul 31, 2015 6:04am
Thanks for all the reply I will check it out ! Cheers
  • #7
  • Jul 31, 2015 11:23am Jul 31, 2015 11:23am
Quoting Salmas
I am from Montreal, Quebec. I do business with Dukascopy and Dukascopy Europe. Pepperstone, AvaTrade and Questrade. Check them out.
DON'T EVERY trade with Questrade for Forex!!! THE casino broker in Canada! Market maker that don't hedge. Basically it's going to be you against them. You won't make money with them.

Questrade is all right if you daytrade stocks with them but NOT forex.

If you live in Quebec, ALL of the brokers except the ones that refuse outright to take Canadian clients should be available to you.

Good luck!
Make your losses in demo. Earn your profits live.
  • #8
  • Jul 31, 2015 11:28am Jul 31, 2015 11:28am
Quoting McClish
Hi everyone, This morning I receive a message from my broker at fxpro who said that quebec client can no longer have an account due to some new canadian regulation. So my account have been close and I'm seeking for a new broker. Is there someone from quebec who can point me out a forex broker who accept quebec resident? Thanks!
There is NO new canadian regulations. They probably became aware of the draconian regulations from some other provinces like Alberta and British Columbia and think that they apply to Quebec as well assuming Canada, like US has financial regulations at national level without knowing that in Canada financial regulations is at provincial level (which is dumb) so every province is different or they just don't want to deal with Quebecers anymore because Quebecers are too smart for them.

Anyway not worth it to deal with fxpro! Just another market maker that hedge. Good riddance!
Make your losses in demo. Earn your profits live.
  • #9
  • Oct 19, 2016 3:05am Oct 19, 2016 3:05am
Quoting Forexia
{quote} There is NO new canadian regulations. They probably became aware of the draconian regulations from some other provinces like Alberta and British Columbia and think that they apply to Quebec as well assuming Canada, like US has financial regulations at national level without knowing that in Canada financial regulations is at provincial level (which is dumb) so every province is different or they just don't want to deal with Quebecers anymore because Quebecers are too smart for them. Anyway not worth it to deal with...
Pfft.
  • #10
  • Oct 19, 2016 6:53pm Oct 19, 2016 6:53pm
Quoting sriloba
Check Pepperstone Sai Ram
Quoting Salmas
I am from Montreal, Quebec. I do business with Dukascopy and Dukascopy Europe. Pepperstone, AvaTrade and Questrade. Check them out.
' Pepperstone is not able to accept applications from applicants in the following countries: United States of America, Japan, Burma, Canada, Côte d’Ivoire, Democratic People's Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Iran, Iraq, Lebanon, Liberia, Libya, Somalia, Sudan, Syria, and Zimbabwe. '

That's from the PS new account page - you guys may have signed up prior but doesn't look like they are taking new Canadian clients.
I know Vantage is still taking Canadian clients.

Surprised financial markets are regulated at provincial level in Canada - that's really strange.
  • #11
  • Oct 20, 2016 4:59am Oct 20, 2016 4:59am
Quoting vinnytrades
{quote} {quote} Surprised financial markets are regulated at provincial level in Canada - that's really strange.
This is indeed very curious
  • #12
  • Last Post: Oct 25, 2016 9:24pm Oct 25, 2016 9:24pm
Quoting meyoik
{quote} This is indeed very curious
Did you see that story the other day re: Canadian trade deal?

Regional governments in Belgium (and apparently a lot of other EU nations) have veto powers over the national parliament ---> a single small regional government in Belgium has managed to block a trade deal between the entire European Union and Canada as they have Veto'd in Belgian parliament and EU needs Belgium to agree ie this strange form of democracy gives a small regional council veto powers over the entire EU in some situations hahahaha democracy gone bonkers
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