Top 10 canadian online trading


ING Direct Canada 4. No Fee Credit Cards 6. RBC Online Investing 1. Scotia Bank Canada 6. Scotia iTrade Canada 1. TD Canada Trust 6. TD Waterhouse Canada 1. Questrade is a Canadian owned and operated online discount investment brokerage for Canadians. Questrade was established in and since than has been providing Canadians with the lowest online trading commissions, along with many other unique services and products you won't find at any of Canada's larger banks and brokerages.

Questrade is our top rated online stock trading site for Canadians. No trade requirement needed. Existing Canadian laws state that any Forex broker can operate in Canada without a regulatory license. Of course, there are tax benefits and the renewed sense of trust from Canadian traders by getting regulated by a Canadian authority; however, the cost involved in setting up a company from scratch along with a confused Canadian regulatory structure can act as the primary deterrent for brokers.

The ultimate aim for any business would be to achieve consistent profits, which can only be gained through a stable marketplace. 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. It is also common among Canadian traders to choose international FX brokers according to their trading requirements. Several brokers have different features and functionalities that are unique to a particular group of traders.

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.

Some international regulatory agencies do have an excellent reputation, which ensures that their member firms adhere to all statutory guidelines of FX trading, irrespective of the geographic location of an investor.

Therefore, overseas brokers only need to set up a Canadian presence either through a website or through seasonal presentations and conferences to attract retail traders from that region. Forex brokers in Canada do not follow the same rules as adopted by American brokers. 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.

Although some regulatory changes of the US help in reducing risk, some are outright against the freedom of retail trading markets. On the contrary, Canadian Forex brokers do not enforce any trading restrictions; however, the country may change its policies from time to time to ensure that fraudulent financial practices are kept to a bare minimum.

Canada is also pretty lenient towards sending and receiving money from international brokers, provided that both the trader as well as the company adheres to all existing anti-money laundering laws. In the US and several other countries, it is illegal to send funds to overseas FX brokers.

The US also enforces strict regulations on international payments due to threats to national security; hence, US citizens have very limited freedom while moving their funds around.

On the other hand, Canada does not have any such strict regulations, and traders are free to move their capital to any broker, provided that both the trader, as well as the broker, keeps accurate statements and records of transactions for future verification.

Disregarding the fact that Canadian citizens have the option of choosing any Forex broker of their choice, choosing FX brokers and other related companies in Canada provides unprecedented levels of security of client funds.

The one thing that worries all investors worldwide is the security of funds, as there is a significant chance of a broker going bankrupt due to any unexpected market volatility. Modern regulators factor in market eventualities while developing their regulatory guidelines, which help in preventing cases of broker insolvency, but no broker is completely safe against liquidation or bankruptcy.

Under such circumstances, it makes sense for a trader to choose some of the best Canadian Forex brokers if they wish to trade with large sums of money. Setting up your Questrade Canada Online Trading Account Setting up a new account at Questrade is quick and easy, and can be completed online or offline. To set up an account online, simply Visit Questrade and click on the "Open Account" tab at the top of the screen. Be sure to have your personal information handy and simply follow the steps.

If you wish to set up an account offline, via mail or if a Questrade branch is close by, you can print off the forms and fill them out and send them in. Once your account is registered online, you will recieve an account number and password and can begin to fund and trade in your new Questrade account.

How to Fund your Questrade Canada Account Canadians can fund their Questrade online investment accounts a number of ways. The easiest way is to use the bill payment option from your regular online chequing or savings account. You can also set up pre-authorized payments from your bank account, or traditional bank wire. You can also fund your Questrade account should you wish to transfer investments from another institution or send a certified or non-certified cheque. Transfering your investments to Questrade Canada You may be unhappy with your current broker who handles or RRSP's or other investments, or maybe you want to switch to Questrade for the lower commissions.

This can be done very easily.