Top ten canadian forex brokers
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.
Whilst you will of course find lots of different Forex Brokers available to you online, you do ideally need to select one that specifically caters for traders. By doing so you will discover a range of additional benefits that other Brokers may not have on offer, and below are some of those benefits which can Broker you sign up to should be offering you as Forex trader. On Time Cash Outs — As soon as you have placed any number of winning Forex trades you will of course want to get access to those gains as quickly as is possible, all of our featured and top rated Forex Brokers have been chosen for several different reasons and one of those reasons is that they always payout traders gains quickly and by a method of their own choosing.
Multiple Platforms — We can highly recommend to you any of the above Forex Brokers and if you make the wise decision of signing up to any of them you will be able to use a mobile trading platform allows you to instantly be able to place your Forex trades wherever you are quickly and very easily, however they do all have of course their own highly advanced online trading platforms too, and as such you can use a web browser based trading platform if you prefer.
Trader Support — If at any time when using the trading platforms at any of our featured and highly recommended Broker, you have any question or are unsure about the way the trading platforms work or operate then simply contact the customer care team at those respective sites.
You will find that the customer care teams are available around the clock and they will soon be able to get the answers you are seeking to you, however very helpful and informative question and answer type guides are available to view on all of their websites so do check them out when you can as most if not all questions you may have will be answered in those guides.
Top 10 Forex Brokers and Platforms by TradersBible 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. 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: Although it is possible to use a higher leverage, traders are recommended to exercise caution while trading the markets with higher leverage.
It is highly recommended to start with a slightly higher initial deposit and a lower leverage. Canadian regulatory authorities have a highly descriptive set of guidelines that determine broker regulation, which is amended according to new findings and market conditions.