For Canadian traders: Interactive Brokers now allow RRSP and TFSA accounts for Canadians: "In response to the numerous requests we’ve received to offer tax advantaged accounts to our Canadian clients, Interactive Brokers is pleased to announce the ...

Interactive Brokers - experiences and opinions

I live in Alberta. I agree with Forexia that Interactive Brokers is the best choice for Canadians. I have been using them for years with no issues. Particular to Canada, your deposit is protected by the Canadian Investor Protection Fund. You don't ...

Best Broker for Canadians from Alberta

Here we go, that actually didn't take long because the NFA has a page dedicated for faqs about the anti-money laundering requirements. In short, US forex brokers are required to have a customer identification program that ensures they know the true ...

OANDA Discussion

This is almost certainly a regulatory requirement, and not specific to your broker. Forex Scam Alerts has a page on US forex regulations, but it doesn't mention this one specifically. It is probably related to anti-money laundering requirements that ...

OANDA Discussion

Here is the link to their profile: url They are called Excel Markets, but they do business under cashbackforexusa

Regulated U.S Broker for U.S citizens

Glad you got it working.

Best Broker for Extreme Scalper - When Spreads Matter

If you are concerned about forex broker scams, there are a couple of sites that might help you: 1) Forex Fraud provides a ton of great information about forex scams in general. However, be wary of their broker reviews, since they earn affiliate ...

What is the best broker for beginners

Did you change the setting shown in the attached? Works for me. image

Best Broker for Extreme Scalper - When Spreads Matter

A couple of recently updated Oanda reviews, published since the Swiss Franc debacle, and detailed interview with Oanda by Forex Magnates: url http://www.fxkeys.com/oanda-review url Also, for perspective, a useful list of brokers who were ...

OANDA Discussion

The NFA site shows the Interactive Brokers list of fines. There is actually one other broker that has never been fined by the US regulators, and that is TD Ameritrade, per this list of CFTC regulated brokers. I use Oanda as one of my brokers as you ...

Need expert’s suggestion on choosing economical broker

Thanks for your time in putting together this response. I feel bad that I provoked such a strong reaction. I'll make some comments here for clarification, but I hope it doesn't provoke you to spend additional hours arguing with a stranger on the ...

Alpari exits North American Market. Alternatives?

Forexia, I have to respectfully disagree with you on this one. This is a thread started by a Canadian who wants to know about Canadian forex brokers. The margin limits in Canada (even tighter than the US in most cases) are set by the IIROC and have ...

Alpari exits North American Market. Alternatives?

This is exactly right. If you do a Monte Carlo simulation of 10,000 trades with a 50% win rate, you will get a distribution of win % around 50%, but each individual simulation run will give an answer different than 5000 wins, with a small number of ...

Money management - What is the secret?

FXDD almost certainly has to pay the fine themselves. The NFA was withholding approval of FXDD's status to withdraw as Futures Commission Merchant until the matter was settled.

FXDD fined by the NFA

FXCM.ca is not FXCM. You are dealing with Friedberg Direct and FXCM can't do much about their spreads. Friedberg Direct uses FXCM branding and platform. Oanda offers MT4, have an excellent record with the regulators, are available to Canadians and ...

Alpari exits North American Market. Alternatives?

Thanks for the link to LCG. They seem to have a pretty good offering. I'll add them to my broker shortlist.

Best Broker for Extreme Scalper - When Spreads Matter

FXCM is misleading you about Oanda. They are not a very small company. They are one of the biggest forex dealers operating in the USA with almost as many customers as FXCM in that country. Further, their customers are regularly more profitable than ...

OANDA Discussion

Respectfully, the data doesn't agree with your claim: I use IB as my primary broker. They charge 0.4 pips per roundtrip (0.2 pips per side). Further, their spreads tend to be wider, about 0.5 pips on average for EUR/USD. So overall costs are higher ...

Best Broker for Extreme Scalper - When Spreads Matter

I haven't seen too much mention of Dukascopy on this thread. Their roundtrip costs are certainly lower than the brokers mentioned at the start of the post. Dukascopy EUR/USD spread ~0.3 pips. Roundtrip Commission with 50k deposit: 3.6 $/100k or ...

Best Broker for Extreme Scalper - When Spreads Matter

Since there is a little bit of Oanda bashing on the thread, I feel compelled to add my two cents. Oanda has been one of my forex brokers for years. Never had any problem with them of any kind. Note also that they are one of the only forex brokers ...

unable to withdraw from oanda