Forex Brokers in Canada
Over the last years, the Canadian Forex Brokers that are legitimate trading service providers in Canada extends their offerings, while the regulation and authorization of the trading companies established through IIROC – Investment Industry Regulatory Organization of Canada.
Among the allured trading opportunities, the main concern is a safe trading environment and protected investment itself, which indeed possible only through the well-regulated brokers. For this reason, the role of any authority, and IIROC, in particular, is a money and traders’ protection, along with a smooth operation that is enabled according to the strict policy of the respective regulator. 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. 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.
- 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.
- Due to the stability of the currency, which is a result of the Canadian economic system, the local CAD is a very popular trading instrument among the traders.
| Broker | Detail | |
|---|---|---|
 Alpari | Min. Deposit: 20 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: SVG FSC, IFSC | 1 |
 FXTM | Min. Deposit: US$200 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, MT5 Regulation: CySEC,FCA, FSCA | 2 |
 AvaTrade | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: MT4, AvatradeGo Regulation: Bank of Ireland, ASIC, JFSA, FSCA | 3 |
 GO Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC | 4 |
 IG | Min. Deposit: GBP 250 Max. Leverage: 1:30 Trading Platforms: MT4, IG Proprietary Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC | 5 |
 Velocity Trade | Min. Deposit: - Max. Leverage: 1:30 | 1:200 | 1:400 Trading Platforms: MT4, PFSOFT Regulation: ASIC, FCA, IIROC, FSB, FMA | Velocity Trade Review |
 Forex.com | Min. Deposit: 50US$ Max. Leverage: 1:40 Trading Platforms: MT4, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC | Forex.com Review |
 OANDA | Min. Deposit: no minimum deposit Max. Leverage: 50:1 Trading Platforms: MT4, fxTrade Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | OANDA Review |
 FXCM | Min. Deposit: 50 US$ Max. Leverage: 1:200 Trading Platforms: MT4, Trading Station Regulation: ASIC, FCA | FXCM Review |
 Interactive Brokers | Min. Deposit: 2000 US$ Max. Leverage: 1:40 Trading Platforms: TWS, IB WebTrader Regulation: US SEC & CFTC, ASIC, FCA | Interactive Brokers Review |