CIPF_ENG_Member_COLOURThe Canadian Investor Protection Fund (CIPF) is a not-for-profit corporation created by the Canadian investment industry in 1969 to protect investor assets in the event of a CIPF member’s bankruptcy. CIPF is funded by its members, which are the approximately 200 investment dealer firms regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Investors automatically receive coverage by opening an account with a CIPF member. Each investor’s coverage is limited to $1,000,000 Canadian dollars for any combination of cash and securities held at CIPF members. When a CIPF member becomes bankrupt, the CIPF will move the investor’s account, within the limits of coverage, to another investment dealer where the investor can access it.

 

Depending on the province, where they are registered, brokers in Canada may need to comply with different regulations – Quebec and Ontario, for example, impose additional requrements on forex and CFD brokers (nothing too harsh, though). Unlike the United States, Canada does not ban hedging, there is no FIFO (firs-in-first-out) rule for closing positions, and leverage is not restricted.

 

Below is the list of New Zealand operating Forex Brokers:

Broker Bonus Rating Review Open Account
Questrade Get $150 for Referring a Friend Who Opens an Account 4.1 Review Visit Broker
Interactive Brokers 3.5 Review Visit Broker
InvestTechFX 100% cash bonus 3.5 Review Visit Broker
FXClearing Get 30% Bonus on Opening Trading Account 3.5 Review Visit Broker

 

 

Shares