Forex and CFD Brokers Canada
In Canada, the financial regulatory authority is the Office of the Superintendent of Financial Institutions (OSFI). The OSFI is an independent agency of the Government of Canada and is responsible for regulating and supervising federally regulated financial institutions. Its main objective is to ensure the stability, soundness, and solvency of the Canadian financial system and protect the interests of consumers and investors.
CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.