Canadian and Toronto Forex Brokers

In my previous article on picking good forex brokers, I emphasized the importance of the jurisdiction in which the broker is located in. If the security of your assets is a top priority then it is be highly advisable to pick a broker that is located in either U.S.A, England or Europe. There have been many brokers that have gone bust over the years, and as a trader you want to make sure that no matter what happens you get your money back. Having said that, the one part of the world I have not written about is Canada. The city of Toronto is a major financial and economic center and there are quite a few reputable forex brokers that are headquartered in Toronto. Unlike the U.S.A where traders are permitted to only use national-licensed brokerages, in Canada you are allowed to trade with any brokerage of your choosing. Before picking a currency exchange in Toronto or Canada in general, make sure to do a lot of due diligence both online and offline.

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