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Suggested Read: The RBI had issued a circular in prohibiting overseas forex trading through electronic or internet trading portals. Forex Trade takes place in the global market known as the Foreign Exchange market for currency trading, where one foreign currency trading in India is done for another.
On the contrary, Canadian Forex brokers do not enforce any trading restrictions; however, the country may change its policies from time to time to ensure that fraudulent financial practices are kept to a bare minimum. Modern regulators factor in market eventualities while developing their regulatory guidelines, which help in preventing cases of broker insolvency, but no broker is completely safe against liquidation or bankruptcy. Therefore, it is close to impossible for companies to offer various services to a small group of traders, as it is more viable from a business point of view to provide services to traders from an existing platform.