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  #1  
Old 05-18-2009, 09:56 PM
Shumba Shumba is offline
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Default Canadian Friendly Broker

Looking to purchase and to get started with fapturbo and require a Canadian friendly broker account. Any suggestions / recomendations for a BC based user ?
Much Appreciated.
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  #2  
Old 05-18-2009, 10:02 PM
AngelSpike AngelSpike is offline
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www.fxclearing.ca

They're pretty good but have a few restristions on scalping. So, its best you go through their website.
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Old 05-18-2009, 10:25 PM
Craig BC Craig BC is offline
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Quote:
Originally Posted by AngelSpike View Post
www.fxclearing.ca

They're pretty good but have a few restristions on scalping. So, its best you go through their website.
You might find this interesting, but I'm not sure what it means. Looks like the company is in Canada, but services people outside Canada.

From their FAQ page

Are you a regulated brokerage?

A: As a financial institution, FX|Clearing reports to the Canadian anti-money laundering organization, FinTRAC.

There is no forex licensing in Canada, and we are not required to obtain a security license if no Canadian clients are solicited or accepted for opening of trading accounts.


And it does not look very friendly to American clients either. So I'm not sure where the go to get their clients, and why they are in Canada?

Last edited by Craig BC; 05-18-2009 at 10:34 PM.
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Old 05-19-2009, 12:17 AM
Shumba Shumba is offline
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Craig BC, I noticed your location as Vancouver, BC. Do you have any recommendations for broker. I was looking at InterbankFX but they do not accept clients from BC.

Much appreciated.
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Old 05-19-2009, 08:32 AM
Craig BC Craig BC is offline
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Quote:
Originally Posted by Shumba View Post
Craig BC, I noticed your location as Vancouver, BC. Do you have any recommendations for broker. I was looking at InterbankFX but they do not accept clients from BC.

Much appreciated.
I am currently using FXDD, but it will not work with fapturbo.
They widen the spread every day 1 hour or more before the start of trading.
I have also used Broco, which works, but I still took a huge hit with the stoploss so far down. It wiped out the gains for an entire month, and most of that months gains were not from fapturbo.
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Old 05-19-2009, 06:21 PM
Craig BC Craig BC is offline
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Quote:
Originally Posted by AngelSpike View Post
www.fxclearing.ca

They're pretty good but have a few restristions on scalping. So, its best you go through their website.
I would stay away from these guys. It sounds like a one man office.
And I think their clients are mostly from Middle East.
That is why the no swap.
I called the guy and he was not very professional at all.
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