Brokers for Canadians?
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Thread: Brokers for Canadians?

  1. #1
    Hi there,

    I'm pretty sure that I'm not the only person who's searching for a fantastic answer to this. Many brokers out there has ceased taking any more US or customers.

    Yesterday I got the last notice email from Pepperstone stating their service into the Canadians will be finished in 3 months. So I have been looking to find a good broker to trade, outside of North America.

    I will be super appreciated if some of you guys can share your expertise with the brokers you are coping with, and hope I can find one very shortly.

    Due

  2. #2
    Thanks Piplife,

    One of my friends refered LMAX to me only now, plus they charge 0.2-0.5 for its major six pairs for spread. Which is pretty decent. But I talked to them just now, they simply take customers instead of retailers.

    At precisely the exact same time I downloaded the Fair Trading Tech, which is the bridge firm for Dukascopy, and their spread is somewhat bigger but the commission is also fairly standard approximately 7 per round lot.

    I don't want to run the risk with anohter Australian broker since I've my trading grid distribute so wide for extended runs, I just have three months to close all my positions. Stressed.

  3. #3
    I have been using EAs to manage most of my trades. And the reason I do not like to deal with american brokers for other things that are dumb and their FIFO rules.

    I am considering going with Dukascopy, however they've a third party bridge company that features MT4 that my EAs will probably be employed on. They're one of the brokers on the market as I understand.

  4. #4
    I got booted from xm in which I had my little account for scalping.

    I can't exchange with interactive brokers, since they don't encourage MT4. MT5 via a third party I guess.

    I don't really want to try different brokers that situated at some no name island either.

    Only big names please guys... we are desperate for your opinions :0)

  5. #5
    I had this issue as I was trading at Pepperstone and Global Prime and had to shut down my pepperstone account.

    Have not been kicked off Global Prime so I think they're still taking Canadians. I have been happy together for a while and they have excellent reviews http://www.forexpeacearmy.com/public...alprime.com.au

    Alternatively, maybe some of the other australian brokers? I really don't use them but heard Axitrader may be great.

  6. #6
    Quote Originally Posted by ;
    I too had this issue as I was trading at Pepperstone and Global Prime and had to shut down my pepperstone account. Haven't been kicked Worldwide Prime off so I believe they're still taking Canadians. I have been happy together for a little while and they have great reviews http://www.forexpeacearmy.com/public...alprime.com.au Or, maybe some of those other australian brokers? I don't use them heard Axitrader might also be great.
    Thanks for the reply. I am a little concerned that sooner or later these Australian brokers will all start to prohibit NA clients. I want to do some research first.
    I 'll read the reviews up on forexpeacearmy.

  7. #7
    Talked to the Global Prime online, I had been told by the agent if they have plans to boot the customers either he is not certain. This is what he said:

    If ASIC requires us to stop accepting Canadian clients, We Must comply however I believe Pepperstone has other regulatory authorities that does not allow them to take Canadians

  8. #8
    And in the exact same time... I had been speaking to Pepperstone and I had been told:

    Pepperstone Service Live Chat
    Unfortunately, it is because regulations in Canada, we'd have to take multiples licenses and regulations to be able to attend customers out of the different nations in Canada. It is not a possibility for us.

    So looks like it is the Canadian thing that doesn't allow it is resident to trade anywhere from north america. I think Pepper will be followed by Global Prime soon.

  9. #9
    I spoke to International and Pepperstone and it ends up that Pepperstone made a choice to no longer accept canadians due to commercial reasons. From accepting Canadians, they were not prohibited.

    Global prime said they do not intend on banning us Canadians, I hope they do not change their policy. For now I'll keep using them and wait and watch.

  10. #10
    Quote Originally Posted by ;
    I spoke to Pepperstone and International prime and it ends up that Pepperstone made a choice to no longer accept canadians because of commercial reasons. They weren't banned from accepting Canadians. Global prime said that they do not plan on banning us Canadians, I hope that they do not change their policy. For now I'll keep using them and wait and watch.
    How is the service comparing both of these? slipage? Execution speed and such? fees? commissions?

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