Canadian Forex Brokers

Canadian Forex Brokers

4.6
Founded: 2009

Key Features

Min. Deposit: $250
Spread from: 0.8 pips
Leverage: 1:50
Support: 24/5 Multilingual

Platforms:

MT4, MT5, Proprietary Platform

Regulation:

IIROC, CSA

Canadian Forex brokers operate under strict regulatory oversight from the Investment Industry Regulatory Organization of Canada (IIROC) and Canadian Securities Administrators (CSA), ensuring high standards of investor protection.

Trading Environment

Canadian brokers typically offer a conservative trading environment with lower leverage limits compared to offshore brokers, but this is balanced by strong regulatory protection and reliable trade execution.

Available Markets

Most Canadian forex brokers provide access to:

  • Major and minor currency pairs
  • Stock CFDs (both Canadian and international)
  • ETFs and indices
  • Commodities
  • Limited cryptocurrency offerings

Client Protection

IIROC-regulated brokers must:

  • Keep client funds in segregated accounts
  • Maintain adequate capital requirements
  • Provide negative balance protection
  • Report regular financial statements
  • Participate in the Canadian Investor Protection Fund (CIPF)

Trading Instruments

Forex
CFDs
Stocks
ETFs
Options

Advantages

  • Strong regulatory oversight
  • Local support team
  • Advanced research tools
  • Multiple account types

Limitations

  • Lower leverage limits
  • Limited cryptocurrency offerings
  • Higher minimum deposit

Related Brokers

OANDA
XM
Pepperstone

Last updated: January 5, 2025