below shows the main regulatory agencies which are tasked to regulate financial services providers such as forex brokers in Canada. What is the situation with the Canada Forex broker regulation? In order to avoid such disappointments at a later stage, it is wise to take your first steps with a Canadian forex broker that is regulated by the authority. The Ontario Securities Commission, hence despite the lack of a central regulatory agency in Canada, the country still has the largest number of financial regulatory agencies in one single country. The best forex brokers are those which provide their traders with different methods of contacting the support team hence ensuring that you can communicate with the broker with minimum hassles.
Why should you choose. Canadian, forex brokers, when you have a lot of different options in the market? A list of TradersAsset's Top 10 Forex brokers for Canada.
But lets discus these things in details, because they seem to form any Canadian traders choice for opening an account in a certain broker based in Canada. In addition, no hedging is permitted (eg. NetoTrade offer attractive bonuses, tight Forex spreads, flexible leverages, low rates, an established platform and the offer of straight through processing (STP). So, lets talk about the best Forex brokers in Canada now! This type of trading account typically requires a minimum investment which runs into tens of thousands of dollars. Their minimum deposit requirement usually ranges from 100 to 250. These forex brokers are all strictly evaluated on the same criteria that we have mentioned above in this guide. The British Columbia Securities Commission, the Canada Revenue Agency, the Canadian Securities Administrators (CSA). Can Forex traders from Canada trade in any broker they want? Micro or Mini trading accounts typically have the lowest minimum deposit requirements and are geared towards beginner traders. The Canadian brokers are specific for their own regulation body, which provides the safety for each trading website, as well as the safety for the customers, themselves. Perfect for the more experienced trader that wants to asses his levels of risk/reward or conduct more extensive technical analysis.