Canadian Forex Brokers — Find Your FX Broker in Canada

Most Canadian Forex Brokers are regulated, offering both forex and CFD trading to residents of Canada. The loonie, or more officially known as the Canadian Dollar (CAD), remains in the list of major currencies worldwide, thanks to Canada’s well-developed economy. E-commerce has set footing in Canada as rapid infrastructure development contributed to the quick growth of online business in the metro. Because of this, forex trading has been widely accessible to all residents, providing a wide array of information that is understandable for both beginning and professional traders.

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With the help of wide financial information available on the internet, trading has never been easier. Due to Canada’s good economy and great access to technology, it has attracted many investors of forex trading across Canada, in the local Canadian dollar, and other foreign currencies.

Forex (fx) trading, which stands for foreign exchange trading, is a decentralized currency exchange that has been growing a large base of investors in the previous years, especially in the region of North America. However, before brokerage firms can provide trading assistance to investors in Canada, they must apply for authorization from the regulatory body, IIROC, or Investment Industry Regulatory Organization of Canada.

IIROC began as a non-profit corporation in 2008, before eventually becoming a self-regulating organization. This was the result of the Investment Dealers Association of Canada’s consolidation with the Market Regulation Services Inc., which means that the Canadian Securities Administration distinguishes it.

Top Forex Brokers

Broker Description Min Deposit Rating Trade Now
Forex

Power Trend
Regulation: IFMRRC
Leverage: 1:200
Spreads: Variable
 $500 ★★★★★ Review
Forex

Coinsmart
Regulation: CySEC,FCA,ASIC
Leverage: 1:500
Spreads: Low as 0.1 pips		 $75 ★★★★ Review
Forex

Coinbase
Regulation: ASIC
Leverage: 1:400
Spreads: Low as 0.0 pips		 $150 ★★★★★ Review
Forex

LimeFX
Regulation: ASIC, CySEC
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips		 $100 ★★★★ Review
Forex

Dowmarkets
Regulation: CySEC, FCA, ASIC
Leverage: 1:30
Spreads: Variable		 $50 ★★★★ Review
Forex

ActivTrades
Regulation: ASIC, CySEC
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips		 $70 ★★★★ Review
Forex

Alvexo
Regulation: ASIC
Leverage: 1:400
Spreads: Low as 0.0 pips		 $100 ★★★★ Review
Forex

Just2Trade
Regulation: ASIC
Leverage: 1:400
Spreads: Variable		 $150 ★★★★★ Review
Forex

HotForex
Regulation: ASIC
Leverage: 1:400
Spreads: Low as 0.0 pips		 $20 ★★★ Review
Forex

BlackBull Markets
Regulation: ASIC,JFSA,FSCA
Leverage: 1:400
Spreads: Floating from 1 pip
 $100 ★★★★ Review
Forex

Tickmill
Regulation: ASIC, CySEC
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips		 $300 ★★★★★ Review
Forex

Fusion Markets
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable		 $10 ★★★★★ Review
Forex

FP Markets
Regulation: ASIC
Leverage: 1:400
Spreads: Low as 0.0 pips		 $50 ★★★★ Review
Forex

Umarkets
Regulation: ASIC
Leverage: 1:400
Spreads: Low as 0.0 pips		 no minimum ★★★★★ Review
Forex

Lexatrade
Regulation: ASIC
Leverage: 1:500
Spreads: Low as 0.0 pips		 no minimum ★★★★★ Review
Forex

ITRADER
Regulation: ASIC
Leverage: 1:500
Spreads: Low as 0.0 pips		 no minimum ★★★★★ Review
Forex

Pepperstone
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable		 $10 ★★★★★ Review
Forex

Finexo
Regulation: ASIC,JFSA,FSCA
Leverage: 1:400
Spreads: Floating from 1 pip		 $170 ★★★★★ Review
Forex

FBS
Regulation: CySEC,FCA,ASIC
Leverage: 1:200
Spreads: Variable		 $75 ★★★★ Review
Forex

Velocity
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 $100 ★★★★ Review
Forex

Binance
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 no minimum ★★★★★ Review
Forex

Plus500
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 no minimum ★★★★ Review
Forex

FX Choice
Regulation: CySEC,FCA,ASIC
Leverage: 1:200
Spreads: Variable
 $100 ★★★★★ Review
Forex

AxiTrader
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 no minimum ★★★★ Review
Forex

IFC
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 $100 ★★★★ Review
Forex

XM
Regulation: CySEC,FCA,ASIC
Leverage: 1:500
Spreads: Low as 0.1 pips
 $5 ★★★★★ Review
Forex

Etoro
Regulation: CySEC,FCA,ASIC
Leverage: 1:30
Spreads: Variable
 $200 ★★★★★ Review
Forex

FXCM
Regulation: ASIC
Leverage: 1:500
Spreads: Low as 0.0 pips
 $200 ★★★★★ Review
Forex

AvaTrade
Regulation: ASIC,JFSA,FSCA
Leverage: 1:400
Spreads: Floating from 1 pip
 $250 ★★★★ Review