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 or registered with IIROC, FINTRAC, or OBSI. Canadian Forex brokers are open to residents of almost every country in the world. You will find 8 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
Forex.com $250 6.4 0.1 1:200
  • Platforms
    • MetaTrader 4
    • DealBook 360
    • FOREXTrader PRO
    • Forex.com Website Trading
  • Countries
    AU GB US
  • Regulation
    • CFTC/NFA, 0339826
    • FCA (UK), 190864
    • FSA (Japan), 1539
    • IIROC, May 10, 2012
Interactive Brokers $10,000 - 0.25 1:100
  • Platforms
    • FX-Trader
    • Trader Workstation
  • Countries
    AU CA GB HK US
  • Regulation
    • CFTC/NFA, 0258600
    • FCA (UK), 208159
    • SEC (US), 8-47257
OANDA $1 6.4 0.00001 1:50
  • Platforms
    • MetaTrader 4
    • Currenex Classic
    • Oanda Platform
    • Web Trading
    • NinjaTrader
  • Countries
    AE CA CH GB JP SG US
  • Regulation
    • CFTC/NFA, 0325821
    • FCA (UK), 54257
    • FSA (Japan), 1571
    • Kanto Local Finance Bureau (Japan), 2137
FXCM $1 - 0.01 1:400
  • Platforms
    • MetaTrader 4
    • MirrorTrader
    • Active Trader
    • ZuluTrade
    • NinjaTrader
  • Countries
    AU CA CL DE FR GB HK IL IT JP US ZA
  • Regulation
    • ASIC, 309763
    • CONSOB (Italy), 76
    • DMCC (Dubai), 31171
    • FCA (UK), 217689
    • ISA (Israel), 2
    • SFC (Hong Kong), AIM232
Questrade FX $1,000 - 0.1 1:200
  • Platforms
    • QuestradeFX PRO
    • QuestradeFX
    • QuestraderELITE
    • QuestraderPRO
    • QuestraderWEB
  • Countries
    CA
  • Regulation
CMC Markets $1 - 0.0002 1:500
FXPCM $100 - 0.01 1:500
WesternFX $25 - 0.01 1:500

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.
  • You believe that the Canadian FX regulatory laws would mean better protection of your rights as a currency trader.

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