I know a few UK brokers already don’t deal with Canadians because of regulatory BS.
Is this a sickness that is spreading to other brokers?
I don’t want to have to deal with the small pool of awful and expensive North American regulated brokers.
Not too many broker accpeting North America traders but I suggest you FxCM and LMFX. They are allowed accepting all traders.
I thought Canada was a free and Democratic country.
It’s really stupid … apparently there are only two provinces in Canada that have this regulation … Canadians from other provinces should be fine but some brokers are blanket banning the whole country out of laziness. I know Vantage is still taking Canadians.
Well, in terms of good Brokers which will accept Canadian citizens I believe you could find loads of them and FCA regulated.
- BlackPearlFX (ECN/STP)
- Darwinex (ECN/ESP)
- GKFX (Market Maker). Obviously I do not like Brokers MM but i understand some people just want MM. If this is your case, then at least you would have a good regulated MM.
However, for ECN/STP Brokers the first 2 are the best. If you are trading in stocks…i usually use for it London Capital Group (LCG).
After U.S election, many brokers would want Canada based traders 