theCyberGuy:
Hello People,
I am from Canada and today I registered a live account with Oanda. I provided my license and the utility bill, but they are asking for my bank or creditcard statement. Support said that its the canadian Law? … Anyone else registered with Oanda?
Open to other broker suggestions too, Please.
I don’t have any experience with Oanda but just out of curiousity if I may ask, did they tell you why it is required? Perhaps they want to verify your bank account or use it for authorization of any deposits/withdrawals?
Here is the above mentioned thread about Canada
Regulations on Trading Forex in Canada | fxcanada.com (see full article at bottom half of page with highlights, most importantly, [I][B]only IIROC regulated investment dealers can trade OTC forex contracts with Canadians[/B][/I])
The IIROC ([B]I[/B]'m [B]I[/B]rrationally [B]R[/B]etarded [B]O[/B]n [B]C[/B]ommand) have made sure that they are the biggest retards in all of Forex, and have gone the extra mile to do so AND make Canada the LEAST desired place to trade Forex in the entire World. I kno…
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