Forex Brokers in Canada
Trading Currencies or Forex trading is quite popular among Canadian residents, as well as offering numerous investment options. Yet, among the allured trading opportunities, the main concern is a safe trading environment and the protected investment itself, which indeed possible only through the well-regulated brokers.
- While the Canadian traders are not limited in their choices and able to choose most probably any broker from around the world, there are many favorable options and possibilities available through the Canadian based brokers.
- Yet, the Canadian law structure may diverse regulation requirements according to the region that affects the brokers incorporated in Canada.
Canadian Regulation
Over the last years, the 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.
In fact, IIROC is among the strictest financial authorities as it sharply controls operations, heavily fining unregulated firms 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, which also creates smooth competitiveness among the companies. Read more about IIROC via Wikipedia.
In addition, IIROC cooperates with one of the world-leading organizations Canadian Investor Protection Fund (CIPF) that compensate investors in case of the broker’s insolvency issue.
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 highest Trust Scores also defining excellent in its narrowed conditions.
- OANDA – Best Overall Broker in Canada 2020
- Interactive Brokers – Lowest Spread Broker in Canada 2020
- Forex.com – Best MT4 Broker in Canada 2020
- CMC Markets – Best Broker for Beginners in Canada 2020
- IG – Best for Scalping and EA Trading 2020
Canada Forex Brokers List
These are the regulated brokers that accept clients from Canada:
| Broker | Detail | |
|---|---|---|
 FXTM
|
Min. Deposit: US$200 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, MT5, FTXM Trader Regulation: CySEC,FCA, FSCA |
1
|
 BlackBull Markets
|
Min. Deposit: 200 US$ 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 Trading Platforms: MT4, MT5, cTrader 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 Mobile App Regulation: ESMA, CySEC, FSC, NFA, FSA |
5
|
 Axiory
|
Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: IFSC |
Axiory Review |
 HotForex
|
Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA |
HotForex Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC |
Eightcap Review |
 Fortrade
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: Fortrader Platfrom, MT4 Regulation: FCA, ASIC, IIROC, CySEC, NBRB |
Fortrade Review |
 GO Markets
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC, CySEC |
GO Markets Review |