Hi Kyle, I’m from BC too. I’ve just been looking at brokers again. My short list is now down to ThinkMarkets. I was considering FOREX.com but have recently crossed them off. FOREX.com is regulated in Canada just like Oanda, FXCM, IB, CMC & Questrade so will have lower leverage amounts (nothing more than 40:1). If you are looking for higher leverage you will need to look outside of Canada. ThinkMarkets will accept Canadians but a std account is only 30:1. Seems like more and more of the “better” ones that aren’t registered in Canada are getting scared off. I thought they didn’t need to register if they didn’t solicit their business to us directly. In the end, this just sends more retail traders to the bucket shops and makes things worse.
I just tried signing up for a demo with EasyMarkets but got this message: “For regulatory and compliance purposes, unfortunately we cannot register clients residing in British Columbia, Ontario and Manitoba.”
Similar issue with FXTM - “Kindly note that FT Global Limited does not provide services to residents of the USA, Belize, Japan, British Columbia, Quebec, Saskatchewan, Haiti, Suriname, Democratic Republic of Korea and the countries of the European Economic Area.”
I had read about Alberta being restrictive but BC is looking worse.
These brokers are also not accepting clients from Canada anymore - FX Pro, Pepperstone, AVATRADE & ActivTrades.
Tickmill might be an option. The UK branch won’t allow Canadians but their Seychelles one will. Their enrolment says " If your country is not included in “Country of Residence” list, please choose FSA of Seychelles regulator."
Reviews for FX Choice, LMFX, Vantage and USG didn’t impress me or gave conflicting results. But if you look hard enough you can find something negative about every broker.
Other links of interest:
Dealers We Regulate (can download a PDF). It’s surprising how few are registered in Canada.
Good luck with your search.