welcome to sign up and trade at any of the online brokers, without restrictions. Existing Canadian laws state that any Forex broker can operate in Canada forex software indicator harmonic detection without a regulatory license. Legal Status The legal status of forex trading in Canada is quite clear, Canadians are legally allowed to trade forex. Canadian financial market is divided into different territories that impose different regulations through multiple regulatory organizations. EToro are fully regulated in several different jurisdictions and their licensing authorities include the NFA (US CySEC (Cyprus asic (Australia cftc (US MiFID (Europe) and the FCA (UK). Therefore, it is close to impossible for companies to offer various services to a small group of traders, as it is more viable from a business point of view to provide services to traders from an existing platform.
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US Forex trading rules are considered to be highly restrictive, as the US regulatory authorities act as policy makers to prevent their citizens from losing money. Should I Switch To A Broker From Canada? The Canadian regulatory structure is still in its primitive phase, and there is a lot of uncertainty surrounding the future course of action regarding the regulation of financial entities. A majority of these brokers have an excellent reputation in the industry and are thoroughly committed to the welfare of their clients. Only if you earn quite large amounts of money trading forex, the tax authorities will consider forex as an important source of income and tax your income as capital gains. These currencies are usually paired with the US dollar, which is by far the most traded currency in the world. Several brokers have different features and functionalities that are unique to a particular group of traders.
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