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

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.

  • 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
How to trade Forex in Canada?
Trading Forex in Canada isn’t complicated, trader should select a broker, while Canadian Traders can open trading account almost with every international broker, then deposit funds and trade Forex.

Forex Broker in Canada List

These are the regulated brokers that accept clients from Canada:

Broker Detail
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
Scandinavian Capital Markets logo Scandinavian Capital Markets
Min. Deposit: 10,000 US$
Max. Leverage: 1:30 | 1:100
Trading Platforms: Currenex, cTrader, MT4
Regulation: Swedish FSA
Scandinavian Capital Markets Review
easyMarkets
Min. Deposit: 100 EUR
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, WebTrader, Mobile App
Regulation: CySEC, ASIC
easyMarkets Review
Advanced Markets Review Advanced Markets
Min. Deposit: 2,500 US$
Max. Leverage: 1:100
Trading Platforms: MT4, DMAhub, Fortex 5 & 6
Regulation: ASIC
Advanced Markets Review
CIX Markets Logo CIX Markets
Min. Deposit: 500 US$
Max. Leverage: 1:30
Trading Platforms: CIX Trader, MT4
Regulation: FCA
CIX Markets Review
CharterPrime logo CharterPrime
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: FSP
CharterPrime Review
Naga
Min. Deposit: -
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, NAGA Web
Regulation: CySEC
Naga Review