Following its success in other countries, Forex.com broker has now expanded to Canada to cater to its clients there with a wide variety of markets offerings.
Forex.com, a forex and CFD broker belonging to the StoneX Group, announced its plans to enter the Canadian market by offering trading services under GAIN Capital- FOREX.com Canada Limited which was incorporated locally but under the Forex.com brand.
Under IIROC and CIPF Regulation
Forex.com's product offerings will be fully regulated by the Canadian regulators, including Canadian Investment Industry Regulatory Organization as well as the Canadian Investor Protection Fund.
Glenn Stevens, CEO of StoneX Group, said that the company has a mission to open up markets, so the expansion in Canada is an important part of providing retail investors with comprehensive access. This global broker will offer Canadian clients access to more than 2,500 markets trading so they can trade as they wish with the facility of stock index and commodity fractions.
Additionally, Forex.com will be offering contracts for difference (CFD) trading in Canada from July 1. Although the broker emphasizes that CFD trading will be commission-free, traders will still be subject to the bid-ask spread.
Sixto Alonso, Regional Director of Forex.com America added that offering a wider range of products at competitive prices for Canadian clients is a top priority. This is a continuation of the company's vision and mission for 20 years to dedicate itself to bringing key markets to global clients. This expansion into Canada is one manifestation of that commitment.