Thread: Brokers for Canadians?

Hi there,

I am pretty sure that I am not the only one who's looking for a great solution to this. Many brokers out there has stopped carrying any more US or customers.

Yesterday I received the previous note email from Pepperstone stating their service into the Canadians will be ended in 3 months. So I have been looking to find a good broker to exchange, outside of North America.

I will be super appreciated if some of you guys can discuss your experience with the brokers you're coping with, and hope I can find one very soon.

Thanks

I got booted out of xm where I had my account for scalping.

I can't exchange with interactive brokers, since they do not support MT4. MT5 via a third party I guess.

I do not really want to try different brokers that loed at some no name island.

Only large names please men... we're desperate to your remarks :0)

IC Markets takes Canadian clients, been together for 3 years now. Do not whine spreads, ECN account. Cant ask for to much more then.


Edit: I've read in another thread Ontarioians cant open accounts in IC, I feel bad for you.

Dukas are the next option, as mentioned before.

I've been using EAs to manage the majority of my transactions. And why I do not like to take care of american brokers because of other things and their FIFO rules.

I am thinking about going with Dukascopy, however they've a third party bridge company that features MT4 which my EAs will probably be employed on. They're among the best brokers on the market as I as I know.

I had this issue as I was trading at Pepperstone and Global Prime and needed to close down my account.

Haven't been kicked off Worldwide Prime so I believe they're still taking Canadians. I have been happy with them for a little while and they have good testimonials http://www.forexpeacearmy.com/public...alprime.com.au

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

Originally Posted by ;

I also had this dilemma since I was trading at Pepperstone and Global Prime and needed to shut down my pepperstone account. Haven't been kicked Global Prime off so I believe they're still taking Canadians. I have been happy with them for a while and they have excellent reviews http://www.forexpeacearmy.com/public...alprime.com.au Alternatively, maybe some of the additional australian brokers? I don't use them heard Axitrader might also be great.

Thank you for the reply. I am a little worried that sooner or later these Australian brokers will start to ban NA customers. I need to do some research.
I will read up the reviews on forexpeacearmy.

Talked to the Global Prime online, I had been told by the agent if they have plans to boot all of the customers 30, that he isn't sure. Here is what he said:

If ASIC requires us to cease accepting Canadian Customers, We Must comply however I think Pepperstone has other regulatory government That Doesn't allow them to take Canadians

And at the same time... I had been talking to Pepperstone and I had been told:

Pepperstone Service Live Chat
Regrettably, it is due regulations in Canada, we would have to take multiples regulations and licenses to have the ability to attend clients from various states in Canada. It isn't a potential for us.

So seems like it's the Canadian thing which does not allow it's resident to trade anywhere from north america. I think Pepper will be followed by Global Prime soon.

I spoke to Global and Pepperstone prime and it turns out that Pepperstone made a choice. They were not banned from taking Canadians.

Global prime stated that they don't intend on prohibiting us Canadians, I hope that they don't change their policy. For now I will continue using them and wait and watch.

Originally Posted by ;

I talked to Pepperstone and Global prime and it ends up that Pepperstone decided to no longer take canadians due to commercial reasons. From taking Canadians, they weren't banned. Global stated that they do not intend on banning us Canadians, I hope that they do not change their policy. For now I will keep using them and wait and watch.

How is the service comparing these two? slipage? Execution rate and such? fees? commissions?