IIROC Regulated Forex Brokers

Canada has an intricate Forex regulatory landscape, requiring brokers to follow varying guidelines and provide secure authorization in order to operate with a valid financial license. However, Canadian Traders may open account almost with any international Brokers, therefore IIROC Regulated Brokers are not so widely presented. 

IIROC Forex Trading Platform

Forex Trading is legal in Canada while being fully regulated with strict rule compliance, all the operations must be observed by the local supervisor IIROC for Forex Trading Platforms or Broker operating in Canada.

  • IIROC Platforms and Brokers provide highly secure trading environment suitable for various types and sizes traders.
  • The main authority that stands on a Canada national level is the IIROC, so IIROC-regulated Forex Brokers and platforms strictly comply with financial standards providing their clients with a safe trading environment.
  • For further information proceed to IIROC Wikipedia, also check out our article about Canada Forex brokers.
🏦RegulatorThe Investment Industry Regulatory Organization of Canada (IIROC)
🛡️Is it Safe to Trade with IIROC Broker?Yes
📊Max. Leverage30:1
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes (up to $1 million)

Canada IIROC Forex Regulation

The regulation supervises and establishes operational standards for all securities-related companies within the country, which ensures a firm’s good standing with further professional investment service providing.

Check IIROC’s official websitewww.iiroc.ca, and we recommend following the regulator on Twitter – @IIROCinfo.

See some of our notes on how IIROC has made changes in its regulation imposing several trading conditions on Forex trading:

  • IIROC is considered a strict and well-respected Forex Regulators, besides in among the few regulatory agencies that offer significant compensation to investors in the case of broker bankruptcy. See IIROC-regulated OANDA broker.
  • IIROC Regulated Forex Brokers also participate in the CIPF – Canadian Investor Protection Fund that covers investors’ claims in the case of the company’s insolvency. CIPF compensates traders with up to $1 million dollars, protecting brokers’ investments.
  • We can conclude that the increasing popularity of the Forex Market among Canadian traders encourages a steady increase in the number of Canada Brokers pushing them to establish offices under IIROC entity, however, so far only a few International Broker run branches in Canada under IIROC regulations, since Canada traders are legal to open accounts under other entities.
  • IIROC allows very low leverage. Many forex brokers need to revise their trading conditions in order to be able to operate in Canada, in otherwise traders opening accounts under particular jurisdiction will fall under the Leverage conditions this country provides. This also attracts many offshore and unsafe brokers to offer high leverage access, which we hardly advise not to be allured of due to high risks of losing money.

IIROC License

Top 5 Best Forex Brokers IIROC

Our experts have selected some of the top forex brokers that are IIROC-Regulated, which is fact only a few, and majority are Brokers accepting Canadian traders so you can check Canada Brokers here, since Canadians can easily open accounts with its other entity.

Based on our research these are Brokers with IIROC licenses and legal entities in Canada, also selected with optimal trading conditions among reputable companies:

What is IIROC Trading Halt?

Trading Halt is a brief stoppage in trading for a specific security or securities at one particular exchange or various exchanges, generally used before news announcements in order to correct the consequences of abrupt changes in the share price. Trading halts can occur at any time and can happen several times during the day.

Are IIROC Brokers Good?

Yes, IIROC Brokers are good and safe following very strict guidelines to maintain their licenses. One of their most notable advantages is the high level of protection and safety, where according to the CIPF program, traders can receive up to $1 million in case of brokers’ insolvency.

IIROC Forex Brokers List

These are our reviewed Regulated brokers with IIROC license or brokers accepting clients from Canada:

Broker Detail
Saxo Bank
Min. Deposit: $5,000
Max. Leverage: 1:30
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
Saxo Bank Review
Qtrade Review Logo Qtrade
Min. Deposit: $0
Max. Leverage: Margin Trading
Trading Platforms: Qtrade Proprietary Trading Platform
Regulation: IIROC, CIPF
Qtrade Review
Questrade Review Logo Questrade
Min. Deposit: $1,000
Max. Leverage: Margin Trading
Trading Platforms: Questrade Web, QuestMobile, Questrade Edge Mobile, Questrade Edge, Questrade Global
Questrade Review
Wealthsimple Review Logo Wealthsimple
Min. Deposit: $1
Max. Leverage: Not Offering
Trading Platforms: Wealthsimple App
Regulation: IIROC
Wealthsimple Review
Fidelity Review Logo Fidelity
Min. Deposit: $0
Max. Leverage: Margin Trading
Trading Platforms: Active Trader Pro, Fidelity Go, Fidelity.com Web
Regulation: SEC, FINRA, IIROC, etc.
Fidelity Review