Top 10 Forex Brokers in Canada
Unlike in the US where traders are permitted to deposit money with nationally-licensed brokers only, Canadian traders are able to trade with nearly any brokerage of their choice. Though only a handful of Forex brokers in Canada that are regulated within the country’s borders, we found that international brokers are both more prevalent and more popular in Canada. Forex brokers offer different services and trading conditions, and choosing the right one will depend predominantly on your trading strategy, and preferences.
Before depositing with any broker, take a look at our top 10 Forex brokers in Canada, chosen for their customer support during Canadian hours, trading conditions and ability to deposit and withdraw funds in CAD.
FXCM Holdings, LLC has been listed as one of the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row (2004-2006). FXCM Holdings, LLC is headquartered in New York, with offices around the world including U.K., Japan, Hong Kong, France, Italy, and Australia, and is regulated and licensed in each of them. As of June 30, 2010 FXCM has over 165,000 tradable accounts on platforms offered by FXCM. An average of over $250 billion in notional volume is traded each month on trading platforms offered by FXCM.
Many traders think of Forex trading an ‘independent sport’, but eToro is a Forex broker that is looking to negate this stereotype. In addition to offering a user-friendly traditional trading experience, eToro has pioneered the ‘social’ trading arena. The company’s OpenBook platform allows users to follow the trades of other users and to share own their trading experiences, a give-and-take which will likely revolutionize your personal trading strategy and the way the private trading arena functions. But don’t be confused - this established Forex broker also offers excellent services who wish to keep their trading private.
Among the many Forex reviews we conducted, Markets.com was one of the best. With the choice between MT4 and the company’s own platform, excellent charting tools and competitive trading conditions, Markets.com makes all traders comfortable from the start. The broker also holds multiple licenses and regulations which works well to build trader confidence. We tested the company’s trading platform, customer service and more and recorded our findings in this comprehensive Markets.com review.
As a broker that trades over 1.5 billion trades each month, there’s no question that Ava FX is one of the leading Forex brokers online today. What sets Ava FX apart from other Forex brokers, however, is not only the volume of trades it processes each month, but the site’s intuitive user interface that caters both to both financial professionals and new Forex traders. All necessary information for someone new to AvaFX is accessible and clear on their website, and their trading platform mimics this convenience with robust features that are never more than a click away.
If you’re looking for a reputable Forex broker and the ability to trade over 50 currency pairs, Forex.com may be just the broker you’re looking for. Forex.com is operated by Gain Capital, a financial services company that’s been in business since 1999, and even a cursory look at Forex.com will confirm that this online trading website was developed by industry veterans. After depositing funds you’ll have access to a wide range of research charts, news headlines and online tutorials to help you make the best investments.
FX Renew is a Florida-based Forex brokerage that is looking to revolutionize the Forex industry by offering accessible, professional guidance to all clients so that they can have profitable, long-term trading careers. Run by a group of licensed traders who monitor the market 24 hours a day, FX Renew offers excellent customer support, a live trading room and free Forex signals (some restrictions apply) so that traders will trade comfortably, intelligently and successfully. Read our full FX Renew review to learn more about this top notch brokerage.
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