CGD Forex Broker

CGD Review SummaryFounded2001Registered Country/RegionCanadaRegulationCIROMarket InstrumentsEquities, ETFs, Options, Futures, Fixed Income, GICs, ForexDemo Account❌LeverageNot mentionedSpreadNot mentionedMin Deposit$5,000 (cash/registered account) / $15,000 (margin account)Customer SupportPhone: (514) 985-8080, 1-866-608-0099Address: 360, Saint-Jacques Street West, Suite G-102Montreal (Québec) CanadaH2Y 1P5CGD Information Canaccord Genuity Direct (CGD), founded in 2001 and regulated by CIRO, offers a range of self-directed investing services to Canadian residents. It provides access to equities, ETFs, options, fixed income, futures, and forex but does not offer a demo or Islamic account.Pros and ConsProsConsAccess to major Canadian marketsHigh non-trading feesStrong regulatory background (CIRO)No demo account and no Islamic accountWide asset offering (Equities, ETFs, Fixed Income)High minimum deposit requirement ($5,000 / $15,000)Is CGD Legit? Yes, CGD (Canaccord Genuity Corp.) is legitimately regulated. It is regulated by the Canadian Investment Regulatory Organization (CIRO). The license type is Market Maker (MM), although the license number is unreleased.What Can I Trade on CGD? Canaccord Genuity Direct (CGD) offers access to a wide range of trading products, focusing mainly on equities, ETFs, options, futures, fixed income, and foreign exchange, with professional-grade Direct Market Access (DMA).Tradable InstrumentsSupportedEquities✅ETFs✅Options✅Futures✅Fixed Income (Bonds)✅GICs✅Forex (Foreign Exchange)✅CFDs❌Commodities❌Crypto❌Account Types Canaccord Genuity Direct offers several types of real (live) accounts including investment, retirement, and savings accounts. Demo accounts and Islamic (swap-free) accounts are not available. Different accounts suit different investor needs, mainly for Canadian residents interested in self-directed investing or retirement planning.Account TypeDescriptionSuitable forStandard Investment AccountFor self-directed equity, ETF, and options tradingActive traders, investorsTFSA (Tax-Free Savings Account)Investment gains are tax-freeLong-term savings without taxRSP (Registered Savings Plan)Tax-deferred savings plan for retirementRetirement-focused investorsRIF (Retirement Income Fund)Withdrawals from RSP after retirementRetirees managing their savingsGIC Investment AccountPurchase of guaranteed investment certificatesConservative investors seeking securityCGD Fees CGDs trading fees are higher than industry average, especially for active or high-volume traders. While flat fees may suit occasional retail investors, per-trade and account activity costs can accumulate for more frequent users.Trading feeAmountGuaranteed Investment Certificated-GIC (Buy)$1.00 per $1000 investment**minimum $25.00, maximum $250.00Equities & ETFs (Sell & buy)$9.99 / trade**exchange fees passed throughOptions (Sell & buy)$1.00 / contract**minimum $10.00Non-Trading FeesNon-Trading Fee TypeAmountDeposit FeeNot explicitly listedWithdrawal Fee (EFT)$5.00Wire Transfer (CAD)$40.00Wire Transfer (USD)$50.00Wire Transfer (International)$65.00Inactivity Fee$20.00 / monthClose Account$75.00Annual Registered Account$125.00Transfer of Account (Full)$125.00Partial Transfer$75.00Deposit and Withdrawal Canaccord Genuity Direct charges fees for deposits and withdrawals depending on the method used. The minimum deposit is $5,000 for cash or registered accounts and $15,000 for margin accounts. Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeWire Transfer (CAD)$5,000 (cash/registered) / $15,000 (margin)$401–2 business daysWire Transfer (USD)$5,000 / $15,000$501–2 business daysWire Transfer (International)$5,000 / $15,000$65 (in account currency)1–3 business daysEFT (Electronic Funds Transfer)$5,000 / $15,000$51–2 business daysCertified Cheque$5,000 / $15,000$25VariesCheque (Standard)$5,000 / $15,000$10VariesWithdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeWire Transfer (CAD)Not mentioned$401–2 business daysWire Transfer (USD)Not mentioned$501–2 business daysWire Transfer (International)Not mentioned$65 (in account currency)1–3 business daysEFT (Electronic Funds Transfer)Not mentioned$51–2 business daysCertified ChequeNot mentioned$25VariesCheque (Standard)Not mentioned$10Varies