2024-09-23 01:54
IndustryChoosing a Broker in Canada
When selecting a broker, Canadians have two primary directions to consider:
*Onshore Brokers*
- Physically located in Canada
- Registered and licensed by Canadian regulatory authorities (IIROC)
- Typically part of the Canadian Investor Protection Fund (CIPF) program, providing:
- Insurance against broker insolvency
- Protection for up to $1 million per account
- Often offer free bank transfers for deposits and withdrawals with local Canadian banks
*Benefits:*
- Enhanced security and regulation
- Convenient banking options
-
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Choosing a Broker in Canada
| 2024-09-23 01:54When selecting a broker, Canadians have two primary directions to consider:
*Onshore Brokers*
- Physically located in Canada
- Registered and licensed by Canadian regulatory authorities (IIROC)
- Typically part of the Canadian Investor Protection Fund (CIPF) program, providing:
- Insurance against broker insolvency
- Protection for up to $1 million per account
- Often offer free bank transfers for deposits and withdrawals with local Canadian banks
*Benefits:*
- Enhanced security and regulation
- Convenient banking options
-
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