Forex Brokers in Canada
Trading Currencies or Forex trading and investment is quite popular among Canadian residents, while Canadian traders are not limited in their choices and able to choose mostly any broker from around the world. However, this is where concerns about safe trading environment come, so you need to choose only forex regulated brokers and avoid offshore brokers
Canadian Forex Brokers Regulation
Canadian Forex Brokers that operate in Canada or accept Canadian residents should be registered before it starts any operation within Canada, while the regulation and authorization of the trading companies established through IIROC – Investment Industry Regulatory Organization of Canada.
Check IIROC Website: www.iiroc.ca also we recommend following IIROC Twitter for the most recent updates, @IIROCinfo and @FINTRAC_Canada.
- Canadian law structure may diverse regulation requirements according to the region that affects both brokers incorporated in Canada and Traders too
- IIROC is among the strictest financial authorities as it sharply controls operations, protecting clients and heavily fining unregulated firms (Check unregulated forex brokers complete list) and controlling proposals. Read more about IIROC via Wikipedia.
- IIROC cooperates with one of the world-leading organizations Canadian Investor Protection Fund (CIPF) which compensates investors in case of the broker’s insolvency issue.
- Since Canadian traders are allowed to open account with international brokers in Europe, US or mainly elsewhere, for this reason there arent many brokers based in Canada
Best Forex Brokers Canada
Looking for the best Forex broker in Canada may be a tricky task as you should consider all the trading proposals and find conditions suitable for your trading style. Below you will find a listing we made to assist selection with the Best Reviewed Brokers offering regulated and good quality trading:
- BDSwiss – Best Overall Broker in Canada 2022
- BlackBull Markets – Lowest Spread Broker in Canada 2022
- FP Markets – Best MT4 Broker in Canada 2022
- Pepperstone – Best Broker for Beginners in Canada 2022
- HFM – Best for Scalping and EA Trading 2022
How to trade Forex in Canada?
Forex Broker in Canada List
These are the regulated brokers that accept clients from Canada, while only some of them are based in Canada:
| Broker | Detail | |
|---|---|---|
 HFM
|
Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA |
1
|
 BlackBull Markets
|
Min. Deposit: 0 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
2
|
 FP Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC, St. Vincent and the Grenadines |
3
|
 Pepperstone
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
4
|
 BDSwiss
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and App Regulation: FSC, FSA |
5
|
 Axiory
|
Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC |
Axiory Review |
 FBS
|
Min. Deposit: 1 USD Max. Leverage: 1:3000 Trading Platforms: MT4, MT5, FBS trader Regulation: CySEC, FSC, FSCA, ASIC |
FBS Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, TradingView Regulation: ASIC, SCB |
Eightcap Review |
 OANDA US
|
Min. Deposit: No minimum deposit Max. Leverage: 1:50 Trading Platforms: MT4, fxTrade Mobile, TradingView Regulation: NFA, CFTC |
OANDA US Review |
 IC Markets
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: cTrader, MT4, MT5 Regulation: ASIC, CySEC, FSA |
IC Markets Review |