The best forex brokers in canada

The foreign exchange market, or Forex, or simply FX has been growing in both interest and size in North America since the last decade. Its quality has risen to the point that it has aided with advancements in technology, further launching Forex trading services into accessible, cost-effective, and easily comprehensible venture for anyone with any level of skill or knowledge.

Traders interest

Canada’s booming economy and infrastructure have only but resulted in online trading businesses and Forex brokers flourishing and accessible to the public.

Interest is not limited to just Forex brokers or the FX market but to Canada’s currency as well – the Canadian Dollar (or CAD), which is considered a major currency by all Forex brokers and traders in the FX market.

The well-developed economy of Canada provides a path for financial markets, e-commerce, and online businesses to traverse, therefore making the Canadian Dollar a lucrative investment opportunity for many Forex (or FX) traders of all expertise from novice to seasoned, among people inside and outside of Canada.

Canada forex broker list

As interest, demand, and the FX industry for Forex brokers grow over the years in Canada, so makes its regulations. Regulations are compulsory as they prevent scams and fraudulent actions from occurring. Most of Canada’s Forex brokers have regulations authorized by the Investment Industry Regulatory Organization of Canada (IIROC). Established back in 2008, when it was a non-profit corporation, IIROC is now officially recognized by financial entities such as the Canadian Securities Administrators (CSA) and the Market Regulation Services (RS) as Canada’s self-regulatory organization. This comprises all provinces and regulatory bodies from Canada.

Top Forex Brokers



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Regulation: CySEC, BVI FSC
Leverage: 1:30
Platforms: MT4, MT5
$1 ★★★★★ Review
Regulation: CySEC,FCA
Leverage: 1:500
Spreads: Low
$5 ★★★★★ Review
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
$200 ★★★★★ Review
Regulation: ASIC, CySEC
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips
$100 ★★★★ Review
Regulation: ASIC,JFSA,FSCA
Leverage: 1:400
Spreads: Floating from 1 pip
$250 ★★★★★ Review