Brokers for Canadians? - Page 3
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Thread: Brokers for Canadians?

  1. #21
    Quote Originally Posted by ;
    Canadians will eliminate access to Australian brokers?? When is this occurring and why? . . .Im with IC markets, will get kicked out?
    They aren't saying all of the Australian brokers will kick the canadians out today, but with Canada and US are pushing so hard on their law and limitation to all those brokers, I think its only a matter of time.

    I have my EA egy spreading onto a very long term program, today it really sucks all of a sudden I was told that only 3 weeks will be allowed till the CLOSE ONLY manner kicks in. And after one final month, then the account will be closed down.

    Ironically, the IB account will probably be still open and working, obviously they are still hoping to use us to secure more non-canadian clients, how dumb that is. I am switch of my IB clients to cashbackforex.

  2. #22
    Have been trying on FTT for several days now, with my EA so I have been far from computer to see all the executions, although not detecting any items.

    However, I did tried manually open and shut postions, at the exact same time performing the samething on pepperstone, execution time on pepperstone (demo, not real account differently we're comparing apple to organge) is faster than FTT.

    I am curious to find out how you guys do with FTT?

  3. #23
    There are other threads nowadays showing up quick. I can curiously found out that a number of our fellows are with Dukascopy

  4. #24
    I emailed pepperstone for an explanation for why they service customers. Here's the vague response:

    Thanks for your email.
    Pepperstone made the commercial decision to depart the Canadian market a while back and has not approved new Canadian clients since 2016. Its relationships are currently winding down with its small number of remaining clients as part of the final stage of its process.
    Pepperstone does not offer legal or regulatory guie, so sadly we are unable to provide you with the information that you're seeking.
    We apologise for the inconvenience that we have caused and wish you all the best for your upcoming trading endeavours.
    Kind regards,

    As you can see, very vague. I feel it's due to IIROC regulations specifically stating any broker offering Canadians Forex accessibility must be regulated. Each state has their particular Securities Commission - absurd. To acquire a license costs money; moreover IIROC is the only company I'm mindful of the changes allowed leverage requirements often. This makes company for a broker very difficult. Pepperstone decided conducting business with Canadians isn't worth it. This is likely the exact same story with different brokers that no longer offer us Forex access.

    My only worry with Duka is that they may return this route too, in the not too distant future. I'll ask them and attempt to find an answer if that is in the works.

  5. #25
    Quote Originally Posted by ;
    Additionally, I emailed pepperstone for an explanation for why they no more service Canadian customers. Here's the answer: Thank you. Pepperstone made the commercial decision to exit the market some time ago and has not accepted new Canadian customers since 2016. Pepperstone is currently winding down its relationships with its small number of customers as part of the last stage of its procedure. Pepperstone does not offer legal or regulatory guie, so unfortunately we aren't able to supply you with the advice that...
    I myself have tried numerous times through online chatting, the only answer I got is yes, I do accept Canadian customers, however no corporate accounts, so small Canadian retailers continue to be accepted. When I asked about what is coming later on, they all said they don't have any idea, it's the upper management's decision.

  6. #26
    I've talked. He also has an account with Dukas and did not use it much due to the platform. He won trading contests here in Canada trader. And he explained that the reason he opened up that account together with Dukas is because it's been such a respectable broker for many decades.

    He is currently trading in IronFX, perhaps not the very best but seems as though they aren't booting any Canadians outside yet. Might worths checking it all out. I feel it's situated at Cyprus.

  7. #27
    Seems like even if FTT asserting to be 24/7, through the weekend, the server shows not connected. Not positive if it is true with the actual account. I do my assignments including downloading of the data and analysis on weekends. This kinda sucks.

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