Yes but we are not talking about Canadian banks. These little Canadian bucket shops are small companies with limited assets. I just can't see how they can take the risk of letting a foreigner blow up their company.
Yes, they are, like Questrade, prettiest web site I've ever seen, but not much behind the makeup.
No business in Canada is not tied to the five major Canadian banks, no way, no how, indirectly or directly, there are personal guarantees signed over by the principals for the underlying liabilities of the firm, including the prime broker doing the execution, margin, clearing, compliance, all of it.
So it's virtually the same as in the USA, the issue here is cross-border trading, the physical location of the trader is mostly irrelevant.
