Thread: Recommended Brokers for Canadians

Originally Posted by ;

, I feel you about the need for a stable trustworthy broker. Can I ask why you've decided on duka? Swiss or Europe branch? Im guessing you'll use their Java platform completely? I want brokers could have ninjatrader as an alternative. Look likea toy is made by it with DOM order entry which is very good for short term trades and setting limit orders.

I chose Duka Swiss, because they have a longstanding track record, and that I feel really comfortable with my 5 figure trading account with them. Yes, the java platform is going to be the one that I use.

I seemed at Pepperstone too, I guess they're a MM. Might be hard to make any money when they're currently taking the other side of your trade.

I know that it's been a while since anyone has been on this particular thread. This is seen by hoping somebody. I discovered Pepperstone was good for Canadians. I'm interested in finding a broker which enables hedging. Two transactions, in reverse directions, on a single advantage, at the exact same moment. I am not overly concerned about withdrawal fees or withdrawals. I'd obviously prefer a tight disperse but it's the hedging I am really interested in loing.

I've heard brokers from the UK or outside of Australia are my best choice. Any thoughts?

Also, because I am pretty new to this and that I have not traded live however (just demonion) I really like the Tradestation platform. Is that?

Gotta add FX into the list at the top.

I have no idea why Pepperstone stopped accepting Canadian traders but (also in Australia) have kept me on board.

Give them a try.

Originally Posted by ;

Gotta add to the Listing at the top. I have no idea why Pepperstone ceased accepting Canadian traders but (also in Australia) have kept me on board. Give them a try.

Just confirming that may accept Canadian customers (excluding people in British Columbia).

It is very difficult to loe brokers for Canadian since they usually need spreads and potential commissions. The most of the brokers in the business are currently offering commissions or spreads. If they're good at commissions and spreads, they do charge on deposits withdrawals.

Originally Posted by ;

Gotta add FX into the Listing at the top. I don't have any idea why Pepperstone stopped accepting Canadian traders but (also in Australia) have kept me on board. Give them a go.

Sorry to hear that, I simply started a demo account at Pepperstone and like it so much better. I had attempted to start an account at Axi commerce in Australia and was advised that the can't open accounts but could everywhere else in Canada. Big Brother strikes again.

Originally Posted by ;

quote Sorry to hear this, I simply opened a demo account at Pepperstone and like it so much better. I had attempted to open an account at Axi commerce and was informed that the cannot open Canadian accounts but can anyplace else in Canada. Big Brother strikes again.

That is interesting that AxiTrader said no to a customer in Ontario. We've been advised that British Columbia can not be only accepted by us.

Good luck in your trading partner!

OANDA doesn't let traders from Alberta.

Originally Posted by ;

I am from Quebec and I trade on Etoro

EToro is actually IC Markets just so that you know. IC Markets claims they have no affliation with EToro but if you check the company regiion info. On ASIC it shows that IC Markets came from EToro.

Originally Posted by ;

it's very tricky to discover brokers for Canadian because they usually require tight spreads and lowest potential commissions. The the majority of the brokers in the business are currently offering huge commissions or spreads. If they are good at commissions and spreads, they do charge on deposits withdrawals.

The biggest problem for Canadian traders for finding a forex broker is because of the dumb IIROC regulations which set up strict requirements for brokers in choosing on Canadian traders that scared away many respectable brokers like LMAX who employed to take on Canadians traders but not anymore so all you are left are brokers who charge huge commissions or spreads. It's the regulators who put up what's called trade obstacles to disrupt free market which would've led to aggressive prices and services for traders.