Here I add the website which is the MAIN fxClearing broker at Canada..

http://www.fxclearing.ca/eng/

So,this broker is unregulated by Canadian authorities ?

A Broker is not a SCAM just because he offers 1 PIP spread on the four Majors. I think if we all would go to the Broker with a reasonable spread they would stop ripping off the traders. I can trade stocks for 5.00 all day long and they are very profitable, and it is certainly enough for Forex Brokers as well. It is time the lower priced Forex Brokers get rewarded for their services! IMO

http://www.fxclearing.ca/eng/services/terms.php#spreads

I will certainly consider this Broker. I am fed up with the Scam artists that break the traders backs ... with their unreasonable commissions. IMO

Sounds good .........


1 pip spread:
http://www.fxclearing.biz/trading_term.php

says.......

Note: Due to regulations, accounts for Canadian and US residents may not be opened at this time.

I just feel fishy when I looking at their website. Even with this word to support: They opened a brokeriege in Canada, but due to regulations, Canadian and US residents may not be open account this time? I dont remember there is any rules that regulate you open a company and you cant deal business with the local residents. They offer leverage 1:500 on account below 2000, but they dont let you trade with 50% expose. They want you to close position with 4pips profit and above, and must hold for atleast 3minutes...What about when I'm lossing a trade within 3 minutes, can I close trade? What about I hold a position for 5 days and the profit only up by 2pips, can I close trade? I seriously think NorthFinance is a much better scam then this 1... just my 2pips.

Regards

David

@davidke20
Out of curiousity, why did you say NF is a scam?
I know that I must be aware with this new canadian broker, but i dont think NF is included?
Could you link this NF thread so I can participate in it also?
Thanks before


@ALL
Anyone has ever tried live with this canadian broker?

I'm with Dave on this one. Trading is challenging enough as it is... I don't need any ridiculously absurd guidelines to handicap the process further.

As far as NF goes... why don't you check out where their corporate paper work was filed at and do the math. If they decided to pocket all their client's accounts, and then claim chapter 11 ... they could do so, and you would have no recourse. The reason I've put up with all the clowning around with IBFX over the years, is because they are held accountable by US governing laws and are insured... but even that is not enough at times. Remember Refco?

MM

Sounds like not only keep clear, but RUN!!!!!!!

Thats why I love forex-tsd.com
Thank you guys for sharing your honest opinion, and thank you david I agree with you, there is no regulations to stop a a Canadian broker from accepting traders from Canada or US.

and why a broker allow google adds on his site ? is he after some cents from google ?

I just think this link on forex-tsd.com is also related to this matter

MetaTrader Brokers List (compiled)

where Diam0nd has made a list of all the MT4 brokers but we lack the traders comments on that list

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”