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Looking for a good forex broker.. im in Canada

Hafizesh (hafizesh)
Feb 12 2012 at 11:01
4 posts
Can anybody suggest a really good forex broker. I live in Canada and i know some brokers dont deal with traders in Canada.

thanks in advance..

econometricafx
Feb 12 2012 at 18:48
2 posts
I would suggest Go Markets. Definately, do not use brokers in Canada or those who require you to move your account to Canada (e.g. OANDA).

Splexin
Feb 15 2012 at 00:10
202 posts

   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.....

econometricafx
Feb 15 2012 at 03:25
2 posts
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

Panagiotis Karagiorgis (panoska)
Feb 16 2012 at 07:10
1 posts
Try https://eng.fxclearing.ca/ . They've much better leverage than OANDA. Commission 0.4 of a pip is acceptable I believe...

Mighty are the numbers!
www.forexproptrader.com
Feb 17 2012 at 19:43
25 posts
Be sure to sign up for rebates on your trading volume.

shopnoman
Feb 18 2012 at 19:29
1 posts
https://www.exness.com

Best broker in the world
Instant payment
0.4 spread

Hafizesh (hafizesh)
Feb 20 2012 at 07:16
4 posts

   shopnoman posted:
   https://www.exness.com

Best broker in the world
Instant payment
0.4 spread


Thank you so much. I think i will be going with these guys.. there spreads are really really low

Hafizesh (hafizesh)
Feb 20 2012 at 07:17
4 posts

   panoska posted:
   Try https://eng.fxclearing.ca/ . They've much better leverage than OANDA. Commission 0.4 of a pip is acceptable I believe...



I contacted them. Cant believe Canadian Citizens are not allowed to open accounts with this broker. Go figure

OnTheEdge
Feb 20 2012 at 09:25
44 posts
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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