Deposit: 100 Leverage: 1:30, review! Revenue - While ranking forex brokers by revenue will render more accurate results, this criteria is still far from being relevant in this particularRead more
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Best canadian forex trading platform
operating in the country. Ontario Securities Commission, ontario Securities Commission known by the abbreviation OSC is not a government, but an independent Forex regulator agency, which covers Ontario legislation territory. This is not very common, but you can find it as binary options hacks a trend for many different trader types. Iiroc is a national self-regulatory organization (SRO) that was established as a non-profit corporation on June 1st, 2008 as part of the consolidation of the Investment Dealers Association of Canada (IDA) and the Maket Regulation Services Inc. On the other hand, if you are from Canada, switching your investments to a Canadian-based broker will let you enjoy several benefits and make you are part of the cipf program. Meanwhile, this country is very precise as to the personal data safety. Forex brokers might be distinguished in many ways, but the main criterion is usually their residence. Canadian regulators are also committed to the welfare of their investors and offer the freedom to traders to choose any broker in the world.
The cipf guarantee of 1 million in compensation, if a broker fails, in itself a great way of ensuring the safety of customer funds. Of course, international and overseas brokers cannot be supervised or controlled, but the Canadian Government is proactive in ensuring that its citizens are made aware of potential scams that may lead to consumer abuse of theft. Good luck with the search for the most suitable for you broker! 1 million is a lot of money, especially when comparing it to the FCA of the UK that provides only up to 50,000 in compensation in the event a broker files for insolvency. For example, here's the key disclosure text from oanda's website: oanda (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (iiroc which includes iiroc's online advisor check database (iiroc AdvisorReport and customer accounts are protected by the Canadian Investor Protection Fund. Best CA Forex Brokers List, to find the best forex broker regulated in Canada, we created a list of all iiroc member brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the m 2018 Review. Therefore, it doesnt make sense for companies to set up their base of operations in Canada to cater to a relatively small portion of the retail trading market.
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