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 9 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 | 6.0 | 0.1 | 1:200 | ||||
|
||||||||
| Interactive Brokers | $10,000 | - | 0.25 | 1:100 | ||||
|
||||||||
| OANDA | $1 | 6.4 | 0.00001 | 1:50 | ||||
|
||||||||
| FXCM | $1 | - | 0.01 | 1:400 | ||||
|
||||||||
| Questrade FX | $1,000 | - | 0.1 | 1:200 | ||||
|
||||||||
| CMC Markets | $1 | - | 0.0002 | 1:500 | ||||
| FXPCM | $100 | - | 0.01 | 1:500 | ||||
| WesternFX | $25 | - | 0.01 | 1:500 | ||||
| Fortrade | $500 | - | 0.01 | 1:100 | ||||
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.