Current location - Loan Platform Complete Network - Foreign exchange account opening - Is the foreign exchange platform regulated by Canada safe?
Is the foreign exchange platform regulated by Canada safe?
Compared with FCA and NFA supervision, it has poor reliability and safety, poor supervision authority and popularity, and low international recognition. The most important regulatory agency in Canada is IIROC, a non-profit national self-regulatory organization. IIROC was established on June 1 2008, which is part of the merger of the Canadian Association of Investment Dealers (IDA) and Market Supervision Services (rs). The agency has been approved by CSA, covering Canada 10 provincial regulators.

Canada's foreign exchange regulatory license only needs to identify roc, and companies of other provincial regulatory agencies ultimately need roc regulatory license to conduct foreign exchange transactions. According to the advertisement of the license applicant, Canada's MSB license has no maintenance fee and no deposit. It can be released quickly and can be operated in one month. Therefore, compared with the requirements of FCA, NFA and other institutions in terms of platform audit and deposit amount, Canada's supervision is weak, so it is recommended that you consider many aspects before making an investment decision.