Forex.com, the brokerage brand owned by StoneX Group, announced on Wednesday that it has started offering services to customers in Canada.
A locally established GAIN Capital- FOREX.com Canada Limited will offer the services locally but under its generic Forex.com brand. It will be fully regulated as it has become a member of Canada’s Investment Industry Regulatory Organization and the Canadian Investor Protection Fund.
StoneX Group expands its FOREX.com services to the Canadian market to provide complete access to retail investors. Last October, the company started offering its services in Latin American markets under a Cayman Islands license.
The broker offers services to Canadian investors that will let them trade in more than 2,500 markets. Stevens also said that the broker would give retail investors the ability to trade the way they want by providing access to fractional shares of indices and commodities and reducing commissions.
Canadians can also trade CFDs.
FOREX.com is expanding its product offerings in Canada. Starting on July 1, Canadian traders will be able to trade contracts for difference (CFDs). However, there will be no commissions charged on these trades. But traders will still have to pay the bid-ask spreads.