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 $40-$5000 MetaTrader 4, Proprietary platform, Web-based 1:400 MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC Accepts US clients
Accepts US clients
9.9/10
Read Review
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
Read Review
Questrade $1000 None MetaTrader 4, Proprietary platform 1:-
Varies according to currency pair
IIROC
9.6/10
Read Review
4 FOREX $250 None MetaTrader 4, Proprietary platform 1:50 FCA, NFA Accepts US clients
Accepts US clients
9.6/10
Read Review
5 ETX Capital $100 50% of your first deposit, up to £5,000 MetaTrader 4, Proprietary platform 1:400 FCA
9.5/10
Read Review
6 Plus500 €100 $100 Proprietary platform 1:200 CySEC, Financial Conduct Authority (FCA), ASIC
9.0/10
Read Review

Canadian Forex Brokers

AvaTrade, established in 2006, is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan Tokyo and other locations. 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, as well as by the B.V.I Financial Services Commission 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.
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.
FOREX.com, based in New Jersey, is operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange(NYSE: GCAP).
ETX Capital, founded in 2002 and domiciled in the UK, is authorized and regulated by the Financial Services Authority. It is a member firm of the London Stock Exchange and offers multi-asset and multi-market derivatives through CFDs and spread betting products to individuals and institutions based in Europe and other locations.
Plus500 Ltd is located in London, UK. It operates its CFD business through its subsidiaries: Plus500UK Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA); Plus500AU Pty Ltd which is regulated by the Australian Securities and Investments Commission (ASIC) and Plus500CY Ltd which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as well as by the Financial Conduct Authority (FCA). Plus500 is also listed on the London Stock Exchange.
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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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