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Forex Brokers in Canada

Canada may not be famous as a country of origin for the biggest Forex brokers, but, nevertheless, it is a chosen location for offices of some foreign exchange companies. Strict regulatory environment makes Canada an attractive jurisdiction to brokers that value safety of funds and reduced risks for traders. Here you will find a list of brokers that either chose to open an office in this country, were founded here, or are regulated by the CIRO (formerly known as IIROC). The traders' funds at Canadian brokers are often protected by the Canadian Investor Protection Fund (CIPF). Canadian Forex brokers are open to residents of almost every country in the world. You will find 8 brokers listed in the table below.

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Forex Broker
Min. Account Size
Broker Rating
Min. Position Size
Payment
Max. Leverage
Serious Regulation
Spread
US Traders
Forex Broker
OANDA
Min. Account Size
$1
Min. Position Size
0.01
Max. Leverage
1:50
Broker Rating
7
Payment
  • Skrill
    Skrill
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • Neteller
    Neteller
US Traders
+
Serious Regulation
+
Spread
Account currencies
EUR, HKD, SGD, USD
Platforms
Oanda Platform
Web Trading
MetaTrader 5
Regulation
CFTC/NFA
FCA (UK)
FSA (Japan)
Kanto Local Finance Bureau (Japan)
MFSA
FSC (BVI)
CIRO
Forex Broker
Interactive Brokers
Min. Account Size
$10,000
Min. Position Size
0.25
Max. Leverage
1:100
Broker Rating
Payment
  • Wire transfer
    Wire transfer
  • Check
    Check
  • BPAY
    BPAY
US Traders
-
Serious Regulation
+
Spread
Account currencies
AUD, CAD, CHF, EUR, GBP, HKD, INR, JPY, MXN, NZD, SEK, USD
Platforms
FX-Trader
Trader Workstation
TradingView
IBKR Desktop
NinjaTrader
Regulation
CIRO
Forex Broker
FXCM
Min. Account Size
$1
Min. Position Size
0.01
Max. Leverage
1:400
Broker Rating
Payment
  • Skrill
    Skrill
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • Neteller
    Neteller
US Traders
-
Serious Regulation
+
Spread
Account currencies
CAD, CHF, EUR, GBP, ILS, JPY, NZD, RUB, USD
Platforms
MetaTrader 4
TradingView
Regulation
FCA (UK)
CONSOB (Italy)
ASIC
SFC (Hong Kong)
DMCC (Dubai)
ISA (Israel)
CIRO
Forex Broker
Questrade FX
Min. Account Size
$1,000
Min. Position Size
0.1
Max. Leverage
1:200
Broker Rating
Payment
  • Wire transfer
    Wire transfer
  • Check
    Check
US Traders
-
Serious Regulation
+
Spread
Account currencies
CAD, USD
Platforms
QuestradeFX PRO
QuestradeFX
QuestraderELITE
QuestraderPRO
QuestraderWEB
Regulation
CIRO
Forex Broker
CMC Markets
Min. Account Size
$1
Min. Position Size
0.0002
Max. Leverage
1:500
Broker Rating
Payment
  • Skrill
    Skrill
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • Neteller
    Neteller
US Traders
-
Serious Regulation
+
Spread
Account currencies
CAD, EUR, GBP, NOK, NZD, PLN, SGD, USD
Platforms
CFD Platform
Spread Betting Platform
CFD Trader
MetaTrader 4
TradingView
Regulation
FCA (UK)
BaFin
CIRO
Forex Broker
Fortrade
Min. Account Size
$500
Min. Position Size
0.01
Max. Leverage
1:100
Broker Rating
4
Payment
  • PayPal
    PayPal
  • Skrill
    Skrill
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • Neteller
    Neteller
US Traders
-
Serious Regulation
+
Spread
Forex Broker
Plus500
Min. Account Size
$100
Min. Position Size
0.005
Max. Leverage
1:300
Broker Rating
3.8
Payment
  • PayPal
    PayPal
  • Skrill
    Skrill
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • BPAY
    BPAY
  • iDEAL
    iDEAL
  • SOFORT
    SOFORT
  • giropay
    giropay
  • Przelewy24
    Przelewy24
US Traders
-
Serious Regulation
+
Spread
Forex Broker
Forex.com
Min. Account Size
$250
Min. Position Size
0.1
Max. Leverage
1:200
Broker Rating
6
Payment
  • Wire transfer
    Wire transfer
  • Credit/debit cards
    Credit/debit cards
  • SOFORT
    SOFORT
US Traders
+
Serious Regulation
+
Spread

When you are to choose a broker by its location or jurisdiction of its regulation, these reasons may turn your attention towards a Canadian one:

  • You reside in Canada. You will get better and faster service from a local company. It might also be a real problem to find a foreign broker who will take a Canadian trader.
  • You believe that the Canadian FX regulatory laws would mean better protection of your rights as a currency trader.
  • You don't need to use high levearage in your trading strategy.