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 best forex 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 (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, 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 the highest Trust Scores also defining excellent in its narrowed conditions.

Canada Forex Brokers List

These are the regulated brokers that accept clients from Canada:

Broker Detail
Capital.com
Min. Deposit: 20 US$
Max. Leverage: 1:30
Trading Platforms: MT4, Capital.com WebTrader and Mobile App
Regulation: CySEC, FCA, ASIC, NBRB
Capital.com Review
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, FTXM Trader
Regulation: CySEC,FCA, FSCA
FXTM Review
OANDA vs Forex.com OANDA
Min. Deposit: no minimum deposit
Max. Leverage: 50:1
Trading Platforms: Oanda trade, MT4
Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
OANDA Review
Velocity Trade logo Velocity Trade
Min. Deposit: -
Max. Leverage: 1:30 | 1:200 | 1:400
Trading Platforms: MT4, PFSOFT
Regulation: ASIC, FCA, IIROC, FSB, FMA
Velocity Trade Review
KVB Kunlun Review KVB Kunlun
Min. Deposit: 1,000 US$
Max. Leverage: 1:200
Trading Platforms: MT4, ForexStar, KVB EFX Platform
Regulation: FSC, ASIC, FMA, MSB
KVB Kunlun Review
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, FSC
Alpari Review
Interactive Brokers (IB) 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
OANDA vs Forex.com review Forex.com
Min. Deposit: 50US$
Max. Leverage: 1:40
Trading Platforms: MT4, MT5, FOREX.com Platforms
Regulation: FCA, IIROC, ASIC, CFTC
Forex.com Review
IG Markets review IG
Min. Deposit: GBP 250
Max. Leverage: 1:30
Trading Platforms: MT4, IG Proprietary
Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC
IG Review
cmc markets_logo CMC Markets
Min. Deposit: 0 GBP
Max. Leverage: 1:30
Trading Platforms: CMC Web, CMC Mobile, MT4
Regulation: FCA, ASIC, FMA, IIROC, MAS
CMC Markets Review