econometricafx posted: or those who require you to move your account to Canada (e.g. OANDA).
This makes no sense to me....I would think being a Canadian resident, having a Canadian broker would be easiest for taxes and what not. Is there a reason you recommend against it? OANDA is headquartered in Canada and accepts traders in Canada as long as they have Canadian bank account. They are regulated by the IIROC and all customer funds are protected the CIPF. I am in the U.S. and have been with OANDA for 2 years now....no problems ever....best broker I've ever used.....best spreads I've ever encountered.....
I was with OANDA US for 10 years, but due to recent regulations changes, Canadians (at least Albetans) were required to move their US accounts to Canada. Funds protection is the only good thing about forex in Canada. OANDA IS GOOD, but the margin requirements in Canada suck big time
If you want to get away from the clunky MT4 platform and use a very nice charting package take a look at https://www.fxcm.co.uk , I'm a chart trader and their Trade Station 2 was the primary reason I choose them. They have excellent support and their dailyfx.com site offers a lot of training and live videos.
The charting software is very easy to use and makes trading from the charts very effective. Personally, I hate MT4, it's like bringing a knife to a gun fight.
Spreads are decent, not the best not the worse...I look for trades of at least 30 pips, the spread for eur/usd on average is 2 to 2.5 so I'm paying less than 10 percent per transaction.
But the platform is the real sell for me.
https://www.gftuk.com/ Dealbook 360 is also a nice easy to use platform. Trading from the charts is a pleasure. No need to add a bunch of ea's just to trade from the charts.
Personally, I found that once I got away from MT4 I didn't have to spend so much time trying to find ea's to make trading easier.
A trading platform should compliment your trading, you should not be a compliment to the trading platform.
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