I read you should only have a forex account with a broker who is a member of your country's futures regulator. I have an account with Tradefreedom and I'd like to open a mini-forex account. (The minimum there is only $500.)
canada's regulatory system is currently out-to-lunch first of all there's no national regulator, it's regulation by province next, asked this year the provs of ontario and bc to provide a list of fx brokers and neither could do so !!!!! fx brokers and futures brokers are 2 different entities tho more futures brokers are also providing fx trading but via partnerships with fx brokers such as fxcm and gft who also supply the fx data into the futures brokers platform or a standalone program so a usa broker may be registered for ontario but not registered for bc etc fxcm are registered for all of canada and have offices in several countries, think their min margin is $2-300 and believe they now offer micro accounts accounts can be opened with usa fx and futures brokers tho some may not want canadian accounts, as well accounts are accepted by the many fx brokers registered in other countries countries such as the uk and cyprus for eg have broker failure indemnity, usa ? canada's is 'opt in' there is in some regards greater cooperation between canada and other countries particularly the usa concerning regulatory requirements than canada has domestically between provinces
Ah, thanks for the information on the brokers. I just read in "Getting Started in Currency Trading" that Canada's Forex regulator was Investment Canada.