Rob chastain options trading company21 comments
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APEX has just been made aware of the recent News on Nadex regarding that they will no longer allow for Canadian residents to open or trade an account on the Exchange.
We have the same information that was relayed via email to all existing Canadian members of Nadex and have no other details regarding. Please feel free to comment on your experience with these 5 brokers who "seem" to have a good reputation.
Futures and Forex and some spot gold etc.. I will add more brokers or notes as they come in. Note if you post a bucketshop i will ban you so don't do it. Also you can trade futures and Forex. A chart is a chart dont feel like you can't trade just because you can't trade on Nadex. It will be back. From what I can tell, they are working on establishing an official presence in Canada. This will most likely move towards the OSC banning the bucketshop binaries brokers which are currently allowed in Canada and which the OSC frequently puts out warnings regarding them in order to protect Canadians.
To do this the right way, they Nadex probably has to pull out of Canada, file everything and then return. I fully expect that sooner rather than later, Nadex will be returning to Canada in full force. This is just opinion- solely my speculation. Is your trading career over? Feel free to PM me other brokers and I will be happy to review them and let us know if you have any questions.
I'm a Canadian trader so I guess my trading days are over We have valued having you as a member of the Nadex exchange. That's why it is with regret that we have to inform you that we will no longer have Canadian residents as members. We have been in communication with the Ontario Securities Commission regarding Nadex members residing in Canada and we are exploring the opportunity to establish a formal presence throughout Canada. While we explore this opportunity, we have decided to stop accepting new applications from Canadian residents and to close our existing Canadian members' accounts.
This policy change happened recently and takes effect immediately. If you have any open positions, you can exit them or let them expire. After the close of the Exchange on Friday you will not be able to deposit additional funds to your account or enter any new trades.
We will wire your funds to your primary bank account on file early next week. If you deposited via debit card and haven't finished verifying your bank account, we'll be reaching out to you. We will of course waive the wire transfer fee. If our policy changes in the future we will be sure to let you know, but at this time, we can't say if or when that will happen.
In the meantime, we wish you all the best and thank you for being a Nadex member. The Nadex Team Nadex Phone: Nadex is subject to U. Futures, options, and swaps trading involves risk and may not be appropriate for all investors. This is an advertisement or promotional email from Nadex. The contents hereof are not an offer, or a solicitation of an offer, to buy or sell any particular financial instrument listed on Nadex.
Thank you for applying to be a member of the Nadex exchange. Normally, we'd be writing about the completion of your application, but unfortunately we are no longer accepting applications from Canadian residents.
In the meantime, we wish you all the best and thank you for applying. This is odd - no explanation or anything about the reasons why Nadex has decided to do this. It's the first I've heard of it maybe I'm out of the loop? Anyone have an idea of what's up with this and if we have any alternatives this side of the border? It is the nanny state at its finest I don't know the exact details but it is in essence the Ontario Securities Commission hounding them and not wanting Canadians involved in any investing ventures outside of Canada where they OSC doesn't have any oversight.
Its for 'our protection. Hi - I just submitted an application to http: Here is an 8th one: This is key when looking make sure it is properly regulated. Dont just trust their site hop on the regulators site and look up complaints penalties fines.
The regulator needs to be in the USA or in Canada not some isle of man cyprus crap. These guys may be awesome. If anyone knows let us know. Dig in and share. I will have to verify but I seem to recall this when I was shopping for a forex broker. I look at the new brokers and think - "I'm lost.
I don't know, maybe I'm just dimwitted, but I would feel much more comfortable if we could get a training video featuring one or two of the brokerages suggested, explaining the ins and outs and differences between them and Nadex.
From another friend I know they are ok but personally I didn't take yet my first profit with them. The leverage is very good I have also a live and demo account with Oanda Canada which are regulated in our country but there the leverage is very small I will trade with them later when my account will grow.
Again I do only Forex and I wait for Nadex to come back to use them only for spreads. They are buy at one price sell at another. You dont have to worry about expiration or premiums or the such. So what do you need training on specifically. No one needs I have heard of IC Markets have not heard anything bad about them. These are not ranked from favorite to least favorite Its just a list Please feel free to comment on your experience with these 5 brokers who "seem" to have a good reputation.
But they do not have a lot of patience for basic questions demos come with funded accounts if i remember correctly been a while since I had an account with them. They offer about every product under the sun to trade and are highly regulated http: Having problems viewing this email? Nadex is no longer accepting applicants from Canada Thank you for applying to be a member of the Nadex exchange.
Sincerely, The Nadex Team This is odd - no explanation or anything about the reasons why Nadex has decided to do this. Thanks, Sad Staring Dog. Hi, It is the nanny state at its finest Since we as Canadians cannot trade with Nadex, what othere options do we have. Get Free Futures Data Link: Get Free Forex Data Link: