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Felix Homogratus, USA
| Rating: | No Rating
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| Date of Post: | 2007-11-06
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| Review: | I don't have any experience with MfGlobalFx.ca (MF Global Canada) - forex broker. If you do, please kindly submit your review.
Thanks from forex trading community!
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West Coast Pips, BC
| Rating: | 
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| Date of Post: | 2008-07-23
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| Review: | I used to have an account with these guys before all the changes went through with Canadian margin requirements.
These guys really are for institutional traders as maximum leverage is only a mere 30:1. |
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Jason, Toronto,Canada
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| Date of Post: | 2008-05-19
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| Review: | I have been with them for 6 months and the trading platform is very stable. Orders executed very quickly and accurately. So far I am very happy to have chosen this broker. |
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Anthony, Montreal, Canada
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| Date of Post: | 2008-02-16
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| Review: | MfGlobal Canada is a publicly traded company.
What I can say for sure is that they follow the Investment Dealer's Association rules to the tee. Example: 3% Initial Margin required for all USD pairs, Maintenance margin also. They are the only ones that follow the IDA rules so tightly in Canada.
I am familiar with the IDA rules because I am a broker with one of the 5 large Canadian banks.
It is a bit of a double edged sword because Initial Margin is higher than others however, it's good to know that someone is following the rules.
In addition, they do seem to actually screen new accounts. They refused my brother because he had low income and little assets.
Nothing is guaranteed, however so far so good. |
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