highly enlighting info.

Correct, at the end of the day, when you look at your account balance only the cost of trading matters, so if, say an STP broker gives you the same spreads as MM, you won't see the difference... BUT the problem traders complain about isn't about the spreads or commissions or swaps, it's about the trade execution & transparency: speed, accuracy, absence of slippage, no manipulation on broker's side etc.
So, when your trades are being honored the way you expect them to be, you have no problems regardless the type of the broker you trade with.
But, when things go the opposite way - you become concerned, and that's where traders seek more reliability from STP and ECN brokers.

Canada doesn't have any mandatory regulatory institution to oversee Forex brokerage industry.
I wouldn't restrain myself to the local brokers only, try looking among US brokers as well.

Canada does have Provincial regulatory bodies that oversee forex trading, prominently in British Columbia, Ontario & Quebec.

For example, I tried to open accounts with ATC brokers, FXCM (same platform as ATC) and MB trading; they all have turn down my application because I am a Canadian resident or a Quebec resident in MB trading case (an Ontario resident may open an account with them).

During my research, I found a trader named Moonstar who posted this at babypips around the end of feb/09
This is the same kind of 'cradle to grave' govt care we in the US will probably soon have...

>>>>
Thank you for contacting the British Columbia Securities Commission (BCSC).

Forex trading, whether automated or not, requires registration in British Columbia. Forex dealers that are registered in jurisdictions outside of Canada are also required to register in British Columbia if they serve British Columbia residents.

British Columbia is the only jurisdiction in Canada that currently regards trading in forex contracts as trading in securities under the British Columbia Securities Act.

Prior to January, 2008, we required forex dealers to register with us as 'exchange contract dealers'. British Columbia Policy 31-601, Registration Requirements, as amended in January 2008, currently requires forex dealers to register as 'investment dealers' and become members of the Investment Industry Regulatory Organization of Canada ("IIROC", formerly: the Investment Dealers Association of Canada).
>>>>>

So far I discover that the following are registered in Canada:
AVA FX
Dukascopy
Mfglobalfx

I will look into renesource.com; thank you for the tips!

I am almost decided to open an account with Dukascopy. However, I heard comment about the higher commission rate and the possibility to reduce it by using an introducing broker... Is this a good and viable idea? And if so, then which introducing brokers will you recommend:

http://mobforex.com
http://www.molecule6.com

Thank you.

A few days later, and still I have not found my registered Canadian broker... but I am getting closer.

In my last post, I mentioned that my choice was geared toward Dukascopy, however I did not realized that their MT4 platform was still only in beta testing, thus not available for live trading, with no release date in sight.

Therefore I need your recommendation on these two brokers:

- http://www.divisafx.com
- http://www.vantagefx.com

Personally, I have a preference for Divisafx; any reason I should not open an account with them?

Thank you

hi guru,
1. please tell me about thinkforex. i wish to fund an account with them but i still need you to tell me how good and easy they are in terms of withdrawal of funds and transparency .
2. do think they really are what they say they are?

3. have there been any case of scam with them,.i mean clients not able to get there funds back?

kenneth enumah