That means now you can start an account with FXCM from BC. It's through Friedberg Direct. I haven't looked into them too much, but if anyone has any experience with them please chime in.
That means now you can start an account with FXCM from BC. It's through Friedberg Direct. I haven't looked into them too much, but if anyone has any experience with them please chime in.
HI:
private information deleted by staff, per request ...I'm using oanda....It has been fine to me...I'm not able to give you more info than all the posts here,sorry....so I just affirm what I believe correct from the above articles...
1. Oanda is fine, slow around data launch....FXCM is not any better than onada.
I used Questrade 2 decades ago, slower than Oanda and their JAVA was quite inconvinent....
Two....NEither TFSA nor RRSP inclued Currency Market profits....
About Taxes,I am quite sure Forex profit is handled as regular earned income....Creating a little business appears to be the sole way
to reduce some taxes...I'm borrowing the tax planing book from public library.... Here's the name, KPMG tax planning for you and your loved ones....Maybe the chapter 14 can assist you with this topic...
Hi jollypik,
Canadians residents can open an account through Friedberg Direct which is powered by FXCM technology: http://www.fxcm.com/ca
Friedberg Direct is part of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), so all accounts are protected from the CIPF for around $1 billion.
Jason