Best Forex Brokers in Canada (2020): Fees, Customer ...

For Canadian Clients of VantageFX (or Canadian Forex Traders in General)

As you likely already know, VantageFX will no longer service Canadians residents as of Nov 30th. This is unfortunate, since VantageFX has done an excellent job serving Canadian clients with higher leverage account options from a well regulated and trusted broker.
Through contacts in the industry, we've been made aware of a new retail account offering at Pacific Union. Pacific Union has a good history of servicing institutional accounts and has only just started taking on retail clients, but they are positioned to service the Canadian clients in the space that VantageFX has left behind.
Further, we were made aware of Pacific Union first by contacts at VantageFX, and then this recommendation was backed up by a trusted source who works closely with both companies.
Again, to be very clear, this post isn't to give undue attention to some random broker.. we are providing this info because Pacific Union is a proper alternative for Canadian based traders that will no longer be serviced by VantageFX.
On that note, I've updated the wiki to include Pacific Union Prime - https://puprime.com:
Subreddit's Canadian Brokers Wiki Page
The only major difference I have noticed so far is lacking MT5, but the word is that Pacific Union will be reviewing MT5 and other enhancements to their offing next quarter after they get past the launch of their retail offering.
Key highlights from my perspective:
Remember, going offshore means you lose CIPF protection on funds, so a well vetted and properly regulated broker is a must!
UPDATE #1: Oct 6th: Took this post off sticky and redacted some info as the connection between VantageFX and Pacific Union Prime was not "official". Pacific Union is still a great alternative / replacement for Canadian clients seeing higher leverage accounts and who are no longer serviced after VantageFX left Canada.
UPDATE #2, Oct 8th: Adjusted this thread again to best reflect where Pacific Union Prime fits with VantageFX and former Canadian VantageFX cleints.
submitted by finance_student to Forex [link] [comments]

Can't seem to find a good Forex broker

Hey folks.
I'm rather new to Forex and I've been looking for a broker but I can't seem to find one that both works and has a somewhat simple user interface (on mobile)
I originally was going to try Oanda after really liking their mobile application, but I found out that even though I'm a Canadian, because I am currently living in South Korea I am unable to use their service.
I was looking at finpro trading, hotforex, and simplefx but I can't seem to find many reviews on any of them.
I am mostly looking for one with a low minimum deposit and also one with a good (and simple) mobile app, since I'll be doing most of my trading that way (I am often travelling for 2-3 hours a day).
Does anyone have a broker they recommend that works for both Korea and Canada?
submitted by masterbreti to Forex [link] [comments]

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