Looking for a good forex broker.. im in Canada

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..

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).

   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

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

Be sure to sign up for rebates on your trading volume.

https://www.exness.com

Best broker in the world
Instant payment
0.4 spread

   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

   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

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.

https://www.fbs.com/ 😀
they have nice contest made 2k last week and lost it next day gambling haha

I'm in Manitoba and have been with IBFX (Interbank FX)for a couple years. I've got a demo account w/ OANDA, and while I like their spreads, I find (at least with the demo) that there is a lot more re-quotes and connection issues than with IBFX. I may open an account w/ OANDA in the future and run it in parallel to my IFBX one.

try www.fbs.com or roboforex.com

nice and fast server

eu starting 0.3 pips

Experienced traders already know the games dealing desk forex brokers play. Having said that my advice is this:. Stick to only so called “reputable” brokers.Most of brokers you know are cheaters.If you are TRUE forex trader ,I will recommend you the best one.Try https://www.fxprimus.com and feel the difference

Splexin posted:

   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.....

Well to your suprise, Canadian forex brokers are NOT among the best, far from it. Canada's retail forex industry is WAY behind countries like US (until CFTC stepped in and killed it a bit), UK (the best), and even Australia. Canada's retail forex industry is mostly comprised of brokers extended to Canada from the US and UK. The only native Canadian retail forex broker is Questrade which started out as a stock daytrading firm and got into retail forex after sensing 'a change in the wind'. Except a few ECN's, majority of the fx brokers in Canada including Questrade are MM's with non-competitive spread and relatively high commissions and are clearly really not the best choices for retail forex traders. Whereas brokers outside of Canada have evolved to not only ECN's but exchange-like ECN's with No 'last look' for the liquidity providers, no requotes, instant milliseconds fast execution, extremely tight spread of even 0 for EUR/USD and very competitive commission rates. And they are heavily regulated by financial regulatory bodies of their countries that are in many cases 10x more competent and experienced than the Canadian IIROC or IDA or those provincial regulatory bodies.

Canada has a LOT catching up to do in the retail fx industry and in the meantime, denying Canadian traders access to foreign fx brokers who offer superior service at more competitive cost is clearly doing Canadian traders a disservice.

Auroea posted:

Splexin posted:

   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.....

Well to your suprise, Canadian forex brokers are NOT among the best, far from it. Canada's retail forex industry is WAY behind countries like US (until CFTC stepped in and killed it a bit), UK (the best), and even Australia. Canada's retail forex industry is mostly comprised of brokers extended to Canada from the US and UK. The only native Canadian retail forex broker is Questrade which started out as a stock daytrading firm and got into retail forex after sensing 'a change in the wind'. Except a few ECN's, majority of the fx brokers in Canada including Questrade are MM's with non-competitive spread and relatively high commissions and are clearly really not the best choices for retail forex traders. Whereas brokers outside of Canada have evolved to not only ECN's but exchange-like ECN's with No 'last look' for the liquidity providers, no requotes, instant milliseconds fast execution, extremely tight spread of even 0 for EUR/USD and very competitive commission rates. And they are heavily regulated by financial regulatory bodies of their countries that are in many cases 10x more competent and experienced than the Canadian IIROC or IDA or those provincial regulatory bodies.

Canada has a LOT catching up to do in the retail fx industry and in the meantime, denying Canadian traders access to foreign fx brokers who offer superior service at more competitive cost is clearly doing Canadian traders a disservice.

canada is a big sucker in the forex game.

FXCM UK will not take Canadian clients.

I have have been with Dukascopy Swiss for a year and they have been really good. They are a bank so your funds are insured up to 100K plus your trading account can be in CDN dollars

OnTheEdge posted:
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.

Try Mayzus Investment Company. I am in Canada and work with them. No limits for residents of Canada.

I was with FXCM UK and they transferred my account to FXCM Canada. Terrible leverage.
I trade GBP/NZD with a micro account and need $120 margin for 1K. My leverage is only approx. 8.5:1