Brokers in British Columbia -
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thread: Brokers in British Columbia

  1. #11
    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.

  2. #12
    Member Rentt's Avatar
    32
    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...

  3. #13
    Hey Sean. I'm trading on the BC coast. I exchange with a 3rd world supplier and though it's been going well, I know whether I need to get my money out of there before another wave of financial collapse gathers steam, banks collapse and I can't get my money out. So I've been looking into local Canadian alternatives. Clearly one needs to exchange in a manner that one is not paying capital gains taxation. People today discuss the pros and cons of different trading platforms, spreads and such, and while all that's important, if you are paying a capital gains tax in the conclusion of...
    hey man great article, hows your TFSA account with questrade going?

  4. #14
    HI: private information deleted by employees, per petition ...I am using oanda....It was ok to me...I am not able to provide you more info than most of the posts here,sorry....so I only affirm what I presume correct in the preceding posts... 1. Oanda is ok, slow around data launch....FXCM is no better than onada. I used Questrade two years back, slower than Oanda and their JAVA was very inconvinent... two....NEither TFSA nor RRSP inclued forex profits.... About Taxes,I am quite certain Forex profit is treated as regular earned income....Creating...
    where does it say that there TFSA doesn't consist of forex earnings?

  5. #15
    So you can now start an account with FXCM in BC. It is via Friedberg Direct situated in Toronto. I haven't looked into them too much, but if anyone has got any experience with them in.
    Is fxcm still servicing as there was a rumor about it being booted out from america. . !

  6. #16
    quote Is fxcm nonetheless servicing since there was a rumor about it being booted out from america. . !
    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

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