Top Forex Brokers in Canada

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image Top Rated

Min. Deposit

$5


Bonus

Sign Up - 20%


Trading Platform

MetaTrader 4, MetaTrader 5


Max. Leverage

Flexible Leverage


Regulation

CySEC, FCA, IFSC

Best all-around: high floating leverage + fast execution

Min. Deposit

$5000


Bonus

None


Trading Platform

MetaTrader 4, Proprietary platform, Web-based


Max. Leverage

1:50


Regulation

IIROC

Competitive spreads + deposit insurance up to 1 million CAD

Min. Deposit

$1


Bonus

None


Trading Platform

MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based


Max. Leverage

1:400


Regulation

CySEC, FSC, BVI

Instant withdrawals and deposits via Visa/Mastercards

Min. Deposit

$50


Bonus

None


Trading Platform

MetaTrader 4, Proprietary platform


Max. Leverage

1:50


Regulation

CFTC, FCA, NFA, FSA, ASIC, IIROC, SFC, CIMA, MAS

Excellent trading conditions + NFA regulation

Min. Deposit

$300


Bonus

None


Trading Platform

MetaTrader 4, Proprietary platform, Web-based


Max. Leverage

1:50


Regulation

FCA, ASIC

No dealing desk execution + wide range of trading apps

Getting Started with Forex Trading in Canada

While trading conditions are certainly a vital part of the Forex trading experience, we believe that the most important parts of the trading experience are related to the reliability, professionalism and security of each Canadian Forex broker. There are several ways to participate in online trading in Canada: you can choose a broker that is regulated in Canada only. You can choose a broker that is regulated outside of Canada but that serves Canadian Forex traders. These brokers may be regulated in multiple jurisdictions which is a strong sign that they are reliable and that your money will be secure even if you're doing the online trading from Canada, and not within their country of licensing. Lastly, you can opt for an unregulated broker. These brokers accept brokers everywhere, but will not guarantee safety of funds in a reliable way. We have researched Forex trading in Canada extensively to bring you reviews and recommendations of the top Canadian brokers. The information we've compiled is as candid and updated as possible to ensure that you make a confident, educated decision. As you can see in the chart below there are several excellent options, and each broker may be the best Forex broker for different traders depending on their specific needs (as outlined above). There's no harm in opening a demo with a few brokers to see which one suits you best. After all, you're lucky to live in a country with so many options and possibilities – why not take advantage of all that online trading in Canada has to offer?