Brokers in British Columbia - Page 2
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Thread: Brokers in British Columbia

  1. #11
    That means you can start an account with FXCM in BC. It's via Friedberg Direct loed in Toronto. I have not looked into them too much, but if anybody has any experience with them please chime in.

  2. #12
    HI:
    private information deleted by staff, per petition ...I'm using oanda....It has been fine to me...I'm not able to provide you more info than all the posts,sorry....so I only affirm what I think right from the above articles...


    1. Oanda is fine, slow around data launch....FXCM is not any better than onada.
    I used Questrade 2 decades ago, slower compared to Oanda and their JAVA was quite inconvinent....


    2....NEither TFSA nor RRSP inclued Foreign Exchange profits....

    About Taxes,I am quite sure Forex profit is treated as regular earned income....Creating a little corporation seems to be the sole way
    to reduce some taxes...I'm borrowing the tax planing book from people library.... Here is the title, KPMG tax preparation for you and your loved ones....Maybe the chapter 14 can help you on this topic...

  3. #13
    Quote Originally Posted by ;
    Hey Sean. I'm trading on the BC coast. I exchange with a world supplier if I need to get my money out of there before another wave of meltdown gathers steam and though it's been going well, I know, banks collapse and I can not get my money out. So I've been looking into solutions that are Canadian that are neighborhood. One needs to exchange that you isn't paying taxation to capital gains. People discuss the pros and cons of different trading platforms, such and spreads, and while all that's important, if you're paying a capital gains taxation at the end of...
    hey man great post, hows your own TFSA account with questrade going?

  4. #14
    Quote Originally Posted by ;
    HI: private information deleted by staff, per request ...I am using oanda....It was fine to me...I am unable to give you more info than all the articles here,sorry....so I only confirm what I presume correct from the preceding posts... 1. Oanda is fine, slow around information release....FXCM is no better than onada. I used Questrade 2 years ago, slower than Oanda and their JAVA was quite inconvinent... 2....NEither TFSA nor RRSP inclued Currency Market profits.... About Taxes,I am pretty sure Forex profit is treated as routine earned income....Creating...
    where does it say that there TFSA doesn't include Currency Market earnings?

  5. #15
    Quote Originally Posted by ;
    Thus you can now open an account with FXCM in BC. It's via Friedberg Direct loed in Toronto. If anybody has some experience with them in, although I have not looked into them too much.
    Is fxcm still servicing since there was a rumor about it being booted out from america. . !

  6. #16
    Quote Originally Posted by ;
    quote Is fxcm still servicing since there was a rumor about it being booted from america. . !
    Hi jollypik,

    Canadians residents may open an account via Friedberg Direct which is powered by FXCM technologies: http://www.fxcm.com/ca

    Friedberg Direct is part of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), so all accounts are protected from the CIPF for up to $1 million.

    Jason

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