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.
With offices in New York, Dublin, Sydney, Milan and Tokyo (among others), it should come as no surprise that AvaTrade is among the top Forex brokers in the world. Perhaps more importantly, AvaTrade is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union. It is also regulated by ASIC in Australia, the Financial Services Commission (FSC) in Japan, and has regulation pending in the British Virgin Islands.
Questrade, a well-rounded Canadian broker, opened its doors in 1999 and has since been improving its services, culminating in a ranking as one of Canada’s best managed companies in 2012. For the past two years, the firm has been ranked by Investor Economics as the fastest-growing online brokerage.
ETX Capital is the trading name Monecor Ltd and it is authorized and regulated by the Financial Services Authority. ETX Capital was established in 1965 and is a member firm of the London Stock Exchange. ETX Capital trading services for individuals and institutions based in Europe and other locations with multi-asset and multi-market derivative dealing capability through CFDs and spread betting products.
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.
Established over ten years ago, is authorized and regulated by the Financial Conduct Authority (FCA). Plus 500 offers CFD trading only in the following spheres: Forex, commodities, indices, shares and ETFs. An uncluttered design both on the company's website and in their trading platform makes for a pleasant trading experience. With years of experience and confirmed credentials, it’s no surprise that Plus500 is growing rapidly as one of the top CFD services on the market. * Your capital may be at risk
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