Best forex trading platform in canada
Lots of our website visitors and as such we do know and understand all of those website visitors will be looking for information regarding where and how they can place all manner of different Forex trades online or via their mobile devices. This Forex Brokers guide will introduce you to each of our top rated Forex Brokers and we will also let you know what additional benefits out will have on offer by signing up to any or all of those Brokers.
We have compiled some very informative and definitive Forex Broker reviews for each of the following Forex Brokers, so please read through the overview of each of them and if out are interested in learning more about any of them then follow the links to read through our review of those brokers.
Finexo — You will be able to open up a demo or real money Forex trading account at Finexo in a matter of minutes and it will be time well spent for you are going to find their currency trading platform a breeze to use and you will also have plenty of trading opportunities available too.
Plus if you are new to the works of Forex trading then their online and free to access trading guides will come in very handy. No matter when or what type of Forex related trade you are looking to place today or in the very near future we just know they can always be relied on to deliver you with those trading opportunities and their trading platform is easy to use too!
NSFX — You will always find that your trading bankroll and trading budget will stretch much further at NSFX for they are committed to giving all of their traders the maximum value. They do this via their ongoing monthly promotional offers that will allow you to get the best trading value no matter whether you are a high or low volume real money based Forex trader.
AVATrade — Should you be seeking out a Broker that is going to award you with one of the highest valued new trader bonuses then there is a lot to like about AVATrade , By making your initial deposit today you will find it is given a very large boost in value by their deposit match bonus offer which you should seriously consider making full use off.
As you are going to be able to open up a no obligation demo trading account at each of the Forex Brokers listed above you will be able to experience firsthand but in a no risk trading environment how each of those Brokers respective trading platforms work and operate, so do consider opening up such an account as soon as you can do.
The following are the main Canadian regulatory authorities in charge of regulating companies:. Canada has the largest number of regulatory organizations in the world due to the lack of a central regulatory authority. Canada has conducted numerous case studies and has sought recommendations from experts to create a single regulatory authority that will be able to regulate and supervise all financial firms operating in the country. Nevertheless, at present, Forex brokers in Canada are regulated according to the territory of operations.
Existing Canadian laws state that any Forex broker can operate in Canada without a regulatory license. Of course, there are tax benefits and the renewed sense of trust from Canadian traders by getting regulated by a Canadian authority; however, the cost involved in setting up a company from scratch along with a confused Canadian regulatory structure can act as the primary deterrent for brokers. The ultimate aim for any business would be to achieve consistent profits, which can only be gained through a stable marketplace.
The Canadian regulatory structure is still in its primitive phase, and there is a lot of uncertainty surrounding the future course of action regarding the regulation of financial entities. It is also common among Canadian traders to choose international FX brokers according to their trading requirements. Several brokers have different features and functionalities that are unique to a particular group of traders. Therefore, it is close to impossible for companies to offer various services to a small group of traders, as it is more viable from a business point of view to provide services to traders from an existing platform.
Some international regulatory agencies do have an excellent reputation, which ensures that their member firms adhere to all statutory guidelines of FX trading, irrespective of the geographic location of an investor.
Therefore, overseas brokers only need to set up a Canadian presence either through a website or through seasonal presentations and conferences to attract retail traders from that region. Forex brokers in Canada do not follow the same rules as adopted by American brokers. US Forex trading rules are considered to be highly restrictive, as the US regulatory authorities act as policy makers to prevent their citizens from losing money.
Although some regulatory changes of the US help in reducing risk, some are outright against the freedom of retail trading markets. On the contrary, Canadian Forex brokers do not enforce any trading restrictions; however, the country may change its policies from time to time to ensure that fraudulent financial practices are kept to a bare minimum.
Canada is also pretty lenient towards sending and receiving money from international brokers, provided that both the trader as well as the company adheres to all existing anti-money laundering laws. In the US and several other countries, it is illegal to send funds to overseas FX brokers. The US also enforces strict regulations on international payments due to threats to national security; hence, US citizens have very limited freedom while moving their funds around.
On the other hand, Canada does not have any such strict regulations, and traders are free to move their capital to any broker, provided that both the trader, as well as the broker, keeps accurate statements and records of transactions for future verification. Disregarding the fact that Canadian citizens have the option of choosing any Forex broker of their choice, choosing FX brokers and other related companies in Canada provides unprecedented levels of security of client funds.
The one thing that worries all investors worldwide is the security of funds, as there is a significant chance of a broker going bankrupt due to any unexpected market volatility. Modern regulators factor in market eventualities while developing their regulatory guidelines, which help in preventing cases of broker insolvency, but no broker is completely safe against liquidation or bankruptcy.
Under such circumstances, it makes sense for a trader to choose some of the best Canadian Forex brokers if they wish to trade with large sums of money. Due to the multiple regulatory agencies in Canada and the lack of laws that do not force brokers into setting up an office in Canada, it is indeed difficult to get a large number of choices for Forex brokers from Canada.
Nevertheless, there are a few FX brokers that have set up their offices in Canada to cater to Canadian investors, and some of these branches are from established mainstream companies. Trusted Forex Brokers that accept Canadian Traders. These brokers enable traders to enjoy all the benefits of Canadian regulation along with the expertise and popularity that they hold in the international trading market.
A majority of these brokers have an excellent reputation in the industry and are thoroughly committed to the welfare of their clients. There are hundreds of brokers that offer the chance for traders to test the market using a small initial capital and a higher margin requirement. The maximum leverage has not limit for Canadian traders, as traders can take advantage of even 1: