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Good Broker to start...

Discussion in 'Beginners Bootcamp' started by wwasbad, Oct 25, 2007.

  1. wwasbad

    wwasbad Recruit

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    Hi,
    I live in Canada and I need a good broker to start out with, any recommendation. MB Trading is not authorized to handle accounts for Canadian residents.
    With all the SCAMS around, I am just looking for some advice.
    Thanks.
     
  2. liviob

    liviob Recruit

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    brokers?

    maybe looking for a broker in your own country may be safer than looking out side of your country? I use velocity4x.com. Located in Chicago u.s.a. I saw some bad reviews as well as many good reviews about them on this site however i have had no problems. I have been using them for about a year. They have a very user friendly trade platform.
     
  3. 3BlackCrows

    3BlackCrows Corporal

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    Otherwise go for FXSOL.

    Spreads are a bit large but they've been around for a long time and take Canadian accounts.

    Not too sure how good they are though so don't quote me! :)
     
  4. wwasbad

    wwasbad Recruit

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    Thanks for your information guys; I was just about to answer myself… :) I would be more comfortable with a Canadian broker but I guess I will just have to take a chance. I will look into FXOL and velocity4x.com to get more information about them.
    There is a saying “puss and dog don’t have the same luckâ€￾ ;) for those that understand it.
    Thanks again.
     
  5. Migo

    Migo Private, 1st Class

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    Where in Canada are you from? I'm from Ontario and have an MBTrading account.
     
  6. wwasbad

    wwasbad Recruit

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    Hi Migo,
    I am from Winnipeg, Manitoba. I was told "Our clearing firm Penson Financial Services is not authorized to handle accounts for Canadian residents due to government regulations."
    I just saw your post and replied in another thread...sorry.
     
  7. Migo

    Migo Private, 1st Class

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    NP. Yea I spoke to my rep at MB Trading, and he mentioned that they only accept Ontario clients.
     
  8. wwasbad

    wwasbad Recruit

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    I wonder why they don't accept Manitobans, it's still apart of CANADA? I noticed that they don’t include Canada on the list of countries either. Is Toronto a part of the US...??? :):D
     
  9. Pharaoh

    Pharaoh Colonel

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    Shhhhh.... the US acquired Ontario a few years back as part of a secret deal. Canada got New Jersey and Maine in exchange. They decided to keep it secret until they could work out the new postal codes.
    :D
     
  10. wwasbad

    wwasbad Recruit

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    That explains everything, Thanks Pharaoh, I’ve been kept in the dark to long… will contact my MLA before Manitoba gets switched with Montana…:eek:oh:
    Does anyone know about MF Global FX?
     

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