same rules as adopted by American brokers. The loonie is one of the most popular currencies among traders, not just in Canada, mostly due to the stability of the currency, which is usually regarded as a result of the stability of Canadas political and economic system as a whole. The Alberta Securities Commission, the British Columbia Securities Commission, the Financial Transactions and Reports Analysis Centre of Canada. Spreads1 PIP and lower1.5 PIP and lower2 PIP and lower2.5 PIP and lower.
For example, eUR/CAD, CAD/JPY and GBP/CAD are all minor currency pairs. Since traders can choose any broker according to their preferences, the absolute minimum initial deposit for Forex trading starts from. Iiroc is a non-profit, self-regulatory organization which was formed after the merger of two similar organizations, the Investment Dealers Association of Canada (idac) and Market Regulation Services Inc. How To Choose The Best Canadian Forex Brokers. There is also no way by which a Canadian authority can impose sanctions on any other regulated broker, even if Canada has bilateral relations with that nation. It is also common among Canadian traders to choose international FX brokers according to their trading requirements. The following are the main Canadian regulatory authorities in charge of regulating companies: The Investment Industry Regulatory Organization of Canada (iiroc). Brokers have to offer two different prices because that is how they make their profit. That can usually be done either via email, phone, or live chat. Canadian regulatory authorities have a highly descriptive set of guidelines that determine broker regulation, which is amended according to new findings and market conditions. Nevertheless, there are a few FX brokers that have set up their offices in Canada to cater to Canadian investors, and some of these branches are from established mainstream companies.