Top 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.
Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
AvaTrade $100 $100
A minimum deposit is required to receive this bonus.
MetaTrader 4 1:400 MiFID, Central Bank of Ireland
9.9/10
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FXCM $50
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform 1:200 FCA, NFA, ASIC, SFC, ACP Accepts US clients
Accepts US clients
9.8/10
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FOREX $500 None MetaTrader 4 1:50 FCA, NFA Accepts US clients
Accepts US clients
9.6/10
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4 ETX Capital $100 50% of your first deposit, up to £5,000 MetaTrader 4, Proprietary platform 1:200 FCA
9.5/10
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5 Plus 500 €100 $100 Proprietary platform 1:200 CySEC, Financial Conduct Authority (FCA)
9.0/10
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Canadian Forex Brokers

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.
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. FXCM has over 165,000 tradable accounts on its platforms and a monthly average of over $250 billion in trade volume. See review of FXCM at DailyForex.com.
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.
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.
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.
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Help me choose a broker

Welcome to our "Help Me Choose A Broker" help desk. We are happy to provide all traders with this special service so that you can find the best Forex broker to meet your needs. All you have to do is fill in your trading information in the 3 easy steps below and we will connect you with the broker that is most compatible for you.

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