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.

Canada IIROC website

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
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, FTXM Trader
Regulation: CySEC,FCA, FSCA
1
FXTM Review
GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CySEC
2
GO Markets Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
BDSwiss Review 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
BDSwiss Review
Axiory logo Axiory
Min. Deposit: 50 US$
Max. Leverage: 1:777
Trading Platforms: MT4, cTrader
Regulation: IFSC
Axiory Review
HotForex 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
BlackBull Markets logo BlackBull Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
BlackBull Markets Review
Fortrade 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