Forex Trading in Alberta Canada

Thanks for this! Very useful!

Blueberry Markets, Austrailian Broker

I have been using FX Choice regulated in Belize for the past 3 months. They alow 200:1 leverage and really low spreads. 3 months ago I easily wire transferred from my TD bank, but they no longer accept wire transfers….so now I am in the process of setting up a E Payments account to wire transfer into (ben 3 days to get approval so far and still waiting) , then deposit into FX Choice m(1 of FX Choice suggested deposit methods)…so an added hassle and cost, but FX Choice is a good broker with great regular account reports and leverage and Alberta friendly so can get trading.

I tried Oanda in February 2019 and they wouldn’t take my application with an Alberta address. Has that changed?

HI DID YOU EVER GET YOUR EPAYMENT ACCT WORKING I BEEN TRYING FOR OVER AWEEK AND BEEN HAVING PROBLEMS

Hello Roland, I’ve read some good things about Global Prime. Have you had any issues getting money back from them? It’s a pain with this draconian ASC rules. Just trying to find a reputable offshore FX broker :-)

fxtm.com takes Albertans. i’ve been trading with them since Feb 2018. Very stable. Never had a single problem yet.

Hello. I am an Iranian, and living in Thailand. Do you have any idea, what broker is better I work with them and can be trusted. I want to know if they let me trade here in Thailand or they just service for Canadian? Thanks alot for your time and answer me.
BYE.

I live in Edmonton, Alberta and wants to go into force trading, newly. Please, give a guide as regard laws, regulations and whim and where to learn in order not or be scammed.
Thank you

How about Ic market ?
Do they take Canadian traders ?

Hi, I am from Alberta and have been doing a lot of research on brokers who accept Canadians.

I have come across a couple others that are not listed – Friedberg Direct, they come across as a little pushy though, and I have read that they had some issues in the past, but that may have changed by now.

VantageFX.com – They are not IIROC regulated so would that make them illegal to trade with for Canadians. They are however, ISIC regulated. I was considering opening an account with them, since coming across your site, don’t want to do anything illegal.

No they still dont.

In Alberta, in order to trade Forex you need to prove your an accredited investor. There are about 10-15 different criteria you can use to prove it. For example, $5M net worth, or $1M investible assets, or personally make $200K+ per year over the last 2 years, or together with your spouse make $300K per year over last 2 years, etc… if you are securities licensed that works as well.

It’s not really about the rich getting richer, but rather they want to make sure you are in a position to lose the everything you’ve invested.

Has anyone used HongKong Aisait? I have a friend there and they said I should use them I’m a little weary about using them because I e never done this before.

I thinks is fucken BS. If I’d make 250 000 $ year I would even care about trading . So unfair . I was really gonna change my life and since you need to be rich to trade in Alberta is fucken retarded. Like why just Alberta .

Non of these sites will allow you to trade in alberta unless you are an accredited investor

Can I set up an Alberta corporation for trading FX just to get over the stupid accredit investors rules? Anyone knows?

Hey boss,
Have you found an alternative ?

Has anyone in Alberta thought of opening an account with a non-Alberta address? Probably incorporate a company with a friend’s address in another province. Technically the company is not an Alberta residence.

If you live in Alberta you can’t join an FX company to do trades, I live in Calgary, Alberta and as citizens we are under the Marxist Socialist Regime called the ASC Alberta Securities Commission.
It is pretty sad that I have no rights to use my money how I see fit especially after I have been in the financial industry for 18 years.
They won’t let us do FX Trading but yet look at all the people who go to all of the Casinos in Alberta and even mortgage their homes to waste their money.

Hi Elder,
That’s a great point ref opening an account with a non-Alberta address and/or having an incorporate company. Have you had any feed back as to whether this will allow us legally to Trade Forex, CFD’s etc? I’m also looking at Trading with a Prop Company as opposed to opening my own live account and looking into seeing if this gets around the ASC BS.

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