Forex.com Expands Trading Services in Canada

Forex.com, the brokerage brand owned by StoneX Group, announced on Wednesday that it has expanded its trading services in the Canadian market.

Services in the market are being offered by the locally established GAIN Capital- FOREX.com Canada Limited but under its generic Forex.com brand. Its offerings are fully regulated as it is a member of the Investment Industry Regulatory Organization of Canada and also of the Canadian Investor Protection Fund.

“Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor,” said the CEO of StoneX Group, Glenn Stevens.

Last October, the broker started offering its services in the Latin American markets under a Cayman Islands license.

The offerings of the broker to the Canadian investors include trading services in more than 2,500 markets. “We also give retail investors the ability to trade the way they want by providing access to fractional shares of indices and commodities and reducing our commissions,” Stevens added.

Canadians Can Trade CFDs Too

In addition, it will offer contracts for differences (CFDs) trading in Canada from July 1. Though the broker is stressing that the CFDs trading will be commission-free, traders will still be charged with bid-ask spreads.

“Providing a broader product offering with competitive pricing for our Canadian clients is a top priority for us,” Sixto Alonso, Regional Director of FOREX.com Americas, said. “For 20 years, we've been dedicated to bringing major markets to our global clients, and the investment in our Canadian service marks the latest demonstration of this commitment.”