Forex Brokers in Canada
Trading Currencies or Forex trading and investment is quite popular among Canadian residents.
- Canadian traders are not limited in their choices and able to choose most probably any broker from around the world, and this is where concerns about safe trading environment comes, so you need to choose only forex regulated brokers and avoid offshore brokers
- Canadian law structure may diverse regulation requirements according to the region that affects the brokers incorporated in Canada.
Canadian Forex Regulation
Canadian Forex Brokers that are legitimate trading service providers in Canada extend their offerings, while the regulation and authorization of the trading companies established through IIROC – Investment Industry Regulatory Organization of Canada.
IIROC Website: www.iiroc.ca also we recommend follow IIROC Twitter for the most recent updates, @IIROCinfo and @FINTRAC_Canada.
- IIROC is among the strictest financial authorities as it sharply controls operations, heavily fining unregulated firms (Check unregulated forex brokers complete list) and controlling proposals. Actually, any brokerage firm that operates in Canada or accepting Canadian residents should be registered with IIROC before it starts any operation within Canada.
- The Brokerage companies authorized by IIROC are following and obliged to perform a regulated operation with clients’ protection of interests. Read more about IIROC via Wikipedia.
- IIROC cooperates with one of the world-leading organizations Canadian Investor Protection Fund (CIPF) which compensate 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 designed to assist your selection with the Best Reviewed that offers fully regulated service and were ranked with the highest Trust Scores also defining excellent in its narrowed conditions.
- 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
Forex Broker in Canada List
These are the regulated brokers that accept clients from Canada:
| Broker | Detail | |
|---|---|---|
 BDSwiss
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: FSC, FSA |
1
|
 BlackBull Markets
|
Min. Deposit: 50 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 |
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
|
 HFM
|
Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA |
5
|
 Axiory
|
Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC |
Axiory Review |
 FBS
|
Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC |
FBS Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Eightcap Review |
 Blueberry Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Blueberry Markets Review |
 InstaForex
|
Min. Deposit: 0 $ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, WebTrader, MobileTrader Regulation: CySEC, FSC BVI |
InstaForex Review |