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The Forex Brokers in Canada.

10:27 AM |

the local foreign exchange community offers many favorable options to choose from when looking for your most important business partner in this endeavor. These firms will have already built relationships with other business partners where major trading centers are located, thereby giving you the best of both worlds – local responsiveness and expertise and experience where the action is. # Broker Features Bonus Platforms Next Step 1 No US Clients Exceptional Auto-Trading Tools $100,000 Virtual Currency Demo Account User-Oriented Brokerage: Makes you Feel Priveleged. More Information FREE iPAD Mini!! MetaTrader4 Open Live Open Demo Read Review 2 No US Clients Great for non experienced traders Tools for new traders Stop-loss orders Not the best for Advanced Traders More Information $50 Minimum Deposit OpenBook Open Live Open Demo Read Review Want to be featured in this broker list? Send an email to: brokers[@]forextraders.com Having historical ties to the British Commonwealth has its advantages, too. London has always been the world’s financial center for foreign exchange, and many professionals from the London area have migrated over time to Canada. The same is true for many financial professionals from the New York area, as well, so Canadians can count on a sound foundation for trading within the country. This history does not imply that all brokers are the same. There are good and bad in all markets, and your due diligence should include independent reviews and recommendations from other traders. International commerce is a strong component of the Canadian economy, driven primarily by the export of oil and gas from the second largest known reserves in the world next to Saudi Arabia. A thriving foreign exchange market has developed to support this trade, and it is often said, “So goes oil, so goes the Loonie”, the nickname for the Canadian Dollar. The regulatory infrastructure is active also and has been patterned to mirror similar versions in the U.K. and the U.S., a noted benefit when dealing with a Canadian forex broker. Safety and security are key selection criteria when choosing a forex broker. The first guiding step when making your decision should involve validating that the broker is in good standing with the local regulatory body (if there is one) and that the firm is appropriately funded and capitalized to handle the risks involved. The office of the Canadian Securities Administrators (CSA) regulates forex trading in Canada. Until recently, there was light oversight on the activities of forex brokers. Canada corrected this in February 2009 with the implementation of a new framework for derivatives regulation, designed to cover the burgeoning activities of Canadian forex brokers. Each state has its own regulatory bodies, but the CSA is the main body of financial oversight in the nation .

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