Noob looking for a FX Broker in Canada

Scersco · April 24, 2018, 7:55pm

I am trying to get into Forex and I am looking for a broker to make an account with that is legitimate. I am currently looking at FXCM and was wondering if this was a good broker to use. Thank you for your help!

captgrumpy · April 25, 2018, 5:16am

Hi Scersco-- You could look up oanda.ca–they have an office in Toronto.

Hadden · April 25, 2018, 10:18am

You can move in PFA about Canadian broker how they work with their clients.

Jason_Rogers · April 25, 2018, 6:19pm

Hi Scersco,

I’m FXCM’s representative here on BabyPips, and I’m happy to answer any questions you have about us.

FXCM offers our trading services in Canada through our partnership with Friedberg Direct. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg is also a member of the Canadian Investor Protection Fund (CIPF), so all accounts are protected by CIPF up to $1 million.

This allows you to trade on FXCM’s platform and trade execution while having your account held by a locally regulated broker.

Jason