Finding a Forex Broker in Canada
There are many different forex brokers out there.
Some are really good and reputable. Others are shady and need to be avoided.
There are certainly a good number of reputable online forex brokers currently operating in Canada that deserve your business. The broker that I have listed below actually has physical presence in Canada and is a regulated forex broker. This is an important distinction to make, as there are many unregulated forex brokers out there who will accept Canadian clients.
The broker that I have listed below is a member of the CIPF (Canadian Investor Protection Fund, which means that your account will be protected up to $1 million.
In addition, Questrade is a member of the IIROC (Regulatory Organization of Canada).
Questrade.com offers practically everything under one roof - the ability to trade stocks, options and, most importantly, forex.
As per usual with forex brokers, Questrade doesn't charge commissions - instead, they charge a spread between the bid and ask.
One more note about Questrade - their head office is located in Toronto, Ontario.
Click Here to Open an Account with Questrade
When choosing your forex broker, take your time, do your research and don't be afraid to give them a call if you have any questions.
Any forex broker that doesn't take the time to answer your questions doesn't deserve your business.
Important Note: Regulations can change - please make sure to fully research current rules regarding forex brokers in your country before signing up for an account. Also, do your own research before signing up at any brokerage, as I am not a financial professional.
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