Top Canada Brokers for 2025

We found 11 online brokers that are appropriate for Trading Canadian.

Best Canadian Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - January 28, 2025

Canada Financial Markets

Canadian Brokers

In Canada, brokers, also known as brokerage firms, act as intermediaries to facilitate the buying and selling of financial instruments such as stocks, bonds, forex, mutual funds, ETFs (Exchange Traded Funds), and derivatives like options and futures. These firms operate within a regulated framework overseen by national and provincial regulatory bodies to ensure investor protection, market integrity, and financial system stability. The primary regulatory body for brokers in Canada is the Investment Industry Regulatory Organization of Canada (IIROC), which enforces industry standards and safeguards traders like me.

Canada boasts prominent financial markets with a long and successful history. The TMX Group, which includes the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), is the most prominent Canadian exchange. Traders like me can also access other key exchanges such as the Canadian Securities Exchange (CSE), NASDAQ Canada, the Montreal Exchange (MX), and ICE Futures Canada.

The Canadian dollar (CAD) is one of the top six most popular reserve currencies in the world, accounting for approximately 2 percent of global reserves. This popularity is due to Canada’s economic stability, political soundness, and robust legal framework. These factors contribute to making Canada an attractive destination for traders and investors like me.

The regulation of Canadian brokers falls under the jurisdiction of the IIROC, which ensures that brokerage firms adhere to strict standards to protect investors. Additionally, financial institutions in Canada are monitored by the Financial Institutions Supervisory Committee (FISC), which oversees the stability and integrity of the financial system. This dual-layered regulatory framework gives traders like me the confidence to invest and trade securely in Canada’s markets.

Traders in Canada, including myself, seek brokers that offer security, accessibility, and a range of options suited to various trading styles and needs. Canadian brokers stand out with their robust regulatory framework, innovative platforms, and comprehensive support for traders. Whether you're investing in stocks, forex, or CFDs, these brokers help navigate the financial markets effectively.

Canada's financial sector has always been one of the most stable and reliable in the world. With Toronto as a leading financial hub, traders can be confident in a well-regulated and transparent environment. The Ontario Securities Commission (OSC) and other provincial regulators ensure that investments are protected and brokers comply with strict standards. The Canadian financial system's resilience provides the confidence to trade and invest without hesitation.

Canada's Financial Market

Canada's financial market reveals a sophisticated and well-regulated system that plays a crucial role in the economy. It comprises various segments, such as capital markets, banking, insurance, and other financial services, which facilitate the flow of funds between investors and those needing capital. Let me walk you through the key components of Canada's financial market:

Capital Markets

The capital markets in Canada play a crucial role in facilitating the flow of funds between investors and businesses or governments that need capital. These markets are diverse, ranging from stock exchanges to bond markets and derivatives, each serving different types of investors and capital needs. Below are the key components of Canada's capital markets:

Stock Markets: The Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV) are the primary stock exchanges in Canada. The TSX is the larger of the two and ranks among the largest stock exchanges globally, hosting a wide range of companies from Canada and abroad. The TSXV focuses more on smaller-cap companies.

Bond Market: Canada also has a substantial bond market, offering government and corporate bonds. The government bond market, in particular, is significant, with securities issued by the federal, provincial, and municipal governments.

Derivatives Market: The Montreal Exchange (MX) facilitates trading in futures and options on stocks, indices, currencies, and interest rates.

Largest Canadian company stock list

Banking Sector In Canada

Canada's banking system is highly concentrated, with the largest banks providing a wide array of services, including retail, commercial, and investment banking. The regulatory framework here is strong, which helped Canada weather the 2008 financial crisis better than many other countries.

Investment Industries In Canada

The investment industry in Canada includes various entities such as mutual funds, pension funds, and insurance companies that manage investments on behalf of individuals and institutions. I also see a growing segment of alternative investments, including private equity, hedge funds, and real estate investment trusts (REITs).

Financial Services In Canada

In addition to banking and investment services, Canada has a robust insurance sector offering life and health insurance, property and casualty insurance, and reinsurance. Canada is also a hub for financial technology (fintech) innovation. Numerous startups and established companies work on digital payments, blockchain, and financial management solutions. Notable examples include the wealth management platform Wealthsimple and payment processing company Nuvei.

I appreciate that Canada's financial system is well-regulated, ensuring stability and consumer protection. Key regulatory bodies like the Office of the Superintendent of Financial Institutions (OSFI) for banks, insurance, and pensions, and the Canadian Securities Administrators (CSA) for capital markets and investments are central to this. As I look ahead, the Canadian Imperial Bank of Commerce (CIBC) and other financial institutions are likely to remain important players.

Canada's financial markets are integral to economic growth, supporting capital formation, providing liquidity, and enabling risk management. What stands out to me is the system's strength, stemming from its comprehensive regulatory framework, diverse market participants, and a reputation for stability and innovation.

Canada's Investment Regulatory Oversight

In Canada, regulatory bodies like the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) play a crucial role in safeguarding investments. They ensure brokers segregate client funds, conduct regular audits, and adhere to ethical trading practices. With these protections, traders can focus on their strategies and goals, knowing their funds are secure.

What You'd Want to Consider While Trading in Canada

Before you start trading in Canada, here are some key factors to consider:

Currency: Stock quotes on Canadian exchanges are listed in Canadian dollars ($CAD) by default. While some platforms offer currency conversion, it's helpful to be comfortable with $CAD or use a currency converter. If trading in foreign currencies, be mindful of the impact of currency exchange rate fluctuations on your investment returns. For more information, visit the Bank of Canada for official currency exchange rates and resources.

Market Liquidity: The Canadian stock market (TSE) generally has lower trading volumes compared to larger markets like the US (NYSE). This means some Canadian stocks may have lower liquidity, potentially impacting your ability to buy or sell quickly at desired prices. Learn more about the Toronto Stock Exchange (TSE) by visiting the official TSE website.

Investment Options: Canadian brokers offer varying investment options, including stocks, bonds, ETFs, options, futures, and in some cases, cryptocurrencies. Research your chosen broker to ensure they offer the assets and investment products that align with your investment goals. For a list of regulated brokers in Canada, visit the Investment Industry Regulatory Organization of Canada (IIROC) website.

Account Maintenance Fees: Many Canadian brokers charge annual or maintenance fees unless you meet specific trading activity requirements or have a high-value account. Consider these fees carefully when choosing a broker to avoid unexpected costs. You can find a comparison of broker fees and services on the Financial Consumer Agency of Canada (FCAC) website.

Regulatory Environment: The Canadian securities market is overseen by regulators like the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC). These organizations play a crucial role in ensuring a fair and orderly market for investors.

Tax-Advantaged Accounts:Registered Retirement Savings Plans (RRSPs) offer tax advantages for Canadian residents. If you're not a Canadian resident, you may have limited access to RRSPs and may be restricted to taxable accounts.

Tax Implications: Be aware of the tax implications of your trading activities, including capital gains taxes and other relevant tax considerations. For more information on Canadian tax laws, visit the Canada Revenue Agency (CRA).

Key Qualities of a Good Trading Platform in Canada

Selecting the right trading platform in Canada is critical to achieving your investment goals. Canadian traders must consider specific factors tailored to the local trading environment:

Low Commissions and Fees: In Canada, commissions and fees can vary widely across brokers. Look for platforms that offer competitive pricing, low commission rates on Canadian stocks, and no hidden charges, especially for active traders and frequent investors.

Advanced Charting Tools: Ensure the platform provides advanced charting tools suited for Canadian market analysis. Features like customizable charts, access to TSX-specific data, and integration with technical indicators for Canadian equities are vital for in-depth research.

MT5 live trading chart example Canada

Real-Time Market Data: Accurate real-time data for Canadian markets, including TSX and TSXV quotes, is essential for timely decisions. Prioritize platforms that provide up-to-the-minute updates on Canadian stocks, relevant economic news, and exchange rates.

Diverse Trading Products: Beyond Canadian stocks and ETFs, choose a platform offering diverse products such as options, mutual funds, and fixed-income securities specific to Canada. For cryptocurrency trading, ensure the platform complies with Canadian regulations.

Mobile Trading App: A reliable mobile trading app is indispensable for Canadian traders. Verify that the app supports Canadian market orders, offers TSX data access, and allows seamless trade execution while on the move.

Research and Due Diligence: Leverage brokers that provide research tools tailored to Canadian markets. Access to analyst reports, Canadian company financials, and economic forecasts can be instrumental in making informed decisions.

Risk Management: Implement effective risk management strategies, such as stop-loss orders, especially for volatile Canadian stocks or commodities. Look for platforms offering built-in risk tools and calculators to help you safeguard your investments.

Risk management in stock market

Best Canadian Brokers

When selecting a broker, it's important to match their offerings with your trading style. Day traders may prioritize low spreads and fast execution, while long-term investors might value comprehensive research tools and portfolio management features. Regardless of your preference, I have put together a list of reputable brokers that can make your trading seamless in the Canadian market.

IC Markets

IC Markets Platform Overview

IC Markets stands out for its high-performance trading platforms like MT4, MT5, cTrader, and TradingView, ensuring swift trade execution with an average latency of just 40ms. Its tight spreads across various instruments, including Forex and cryptocurrencies, make it an ideal choice for those of us looking to maximize returns. With features tailored for sophisticated trading strategies, such as free low latency VPS and advanced automation options, IC Markets aligns well with the demanding needs of seasoned traders in Canada.

IC Markets in Canada

RoboForex

RoboForex Platform Overview

RoboForex caters to the Canadian market with its competitive spreads and high leverage, which are crucial for maximizing our investment returns. The platform's compatibility with MT4 and MT5 ensures a seamless trading experience, which is vital for executing trades efficiently. With a focus on providing flexible trading conditions and a user-friendly interface, RoboForex is a compelling option for traders in Canada looking to exploit rapid market movements, though it's important to be cautious of the increased risk that comes with high leverage.

Roboforex USD/CAD trading

XTB

XTB Platform Overview

XTB offers an unparalleled suite of research tools and educational materials, catering to Canadian traders looking for deep market analysis and learning resources. With robust regulatory backing from FCA and CySEC, XTB provides a secure and trustworthy environment, making it an excellent choice for those of us in Canada seeking a platform that supports both our trading and educational needs.

XTB EUR/CAD trading

XM

XM Screenshot

XM stands out for Canadian traders with its strong emphasis on customer support and a broad selection of trading instruments. Whether you're looking to trade Forex, stocks, or commodities, XM provides a versatile platform backed by regulatory authorities such as ASIC and CySEC, ensuring a high standard of trading practice in Canada.

XM GBP/CAD trading

Pepperstone

Pepperstone Platform Overview

For Canadian traders prioritizing diversity in trading options and exceptional client service, Pepperstone offers a wide range of instruments, including Forex, CFDs, and cryptocurrencies. With regulatory oversight from FCA and ASIC, it's a platform that balances broad trading capabilities with the reassurance of strict regulatory standards, making it a reliable choice for Canadian traders.

Pepperstone CAD spreads

AvaTrade

AvaTrade Screenshot

AvaTrade is particularly appealing for Canadian traders looking for flexibility and a community-oriented trading experience. The platform provides a range of funding and withdrawal options, catering to various CFD trading preferences. Its mobile application, AvaTradeGo, and the social trading feature, AvaSocial, offer an engaging and convenient trading environment. The commission-free structure allows for more profitable trading, making AvaTrade a top pick for those valuing a mix of community engagement and cost efficiency in Canada.

AvaTrade USD/CAD trading

FP Markets

FP Markets Screenshot

FP Markets integrates cutting-edge technology with trading, offering Canadian traders an enhanced experience on MetaTrader platforms. The focus on optimizing trading performance through competitive spreads and a wide array of trading options positions FP Markets as an excellent choice for traders in Canada seeking technological sophistication coupled with cost efficiency. It's designed for those who demand precision and flexibility in their trading endeavors.

FP Markets Canada

Features that Make Canadian Brokers Stand Out

Canadian brokers are known for their reliability and innovation. The most important features include advanced trading platforms, comprehensive research tools, and responsive customer service. Many brokers also offer demo accounts, which help traders test strategies risk-free before committing real funds. This combination of features ensures confident and efficient trading.

Trading Costs and Transparency For Canadian Brokers

One of the things I appreciate about Canadian brokers is their commitment to transparency. They clearly outline trading fees, including commissions, spreads, and account maintenance costs. Knowing exactly what I'm paying helps manage expenses and focus on maximizing returns.

Comparison of fees and services

Education and Support for Traders In Canada

As a trader, continuous learning is essential. Many Canadian brokers offer educational resources such as webinars, tutorials, and market analysis to keep traders informed. Customer support teams are also highly responsive, ensuring any issues are resolved quickly.

Trading education in Canada

Canadian Brokers Verdict

When evaluating Canadian brokers, consider several crucial aspects: investor needs, regulatory compliance, range of services, and technological infrastructure. Canada's brokerage landscape offers a wide spectrum of options catering to diverse investor profiles, from beginners to seasoned traders.

The best Canadian broker for you depends on your investment style, experience level, and specific needs. Regulatory compliance and investor protection are given, thanks to Canada's stringent financial oversight. However, the decision often comes down to the trade-off between costs and the breadth of services.

Active traders might prioritize low transaction costs and advanced trading platforms, while long-term investors may value comprehensive research, advisory services, and a broader investment selection.

Ultimately, investors are advised to conduct thorough research, compare multiple brokers based on the criteria most important to them, and consider starting with a demo account to test the trading platform and services offered.

Choosing the right broker is crucial for successful investing in Canada's diverse markets. Whether you're interested in Exchange-Traded Funds (ETFs), individual stocks, currency trading between CAD and USD, or the burgeoning sector of artificial intelligence (AI), it's important to research and compare brokers that best suit your investment goals. Useful resources like Canadian ETF, Canadian stock brokers, Canadian vs USD currency, and Canadian AI stocks can provide insightful comparisons and analyses, helping you make an informed decision.

Best Canadian Brokers

We have conducted extensive research and analysis on over multiple data points on Canada Brokers to present you with a comprehensive guide that can help you find the most suitable Canada Brokers. Below we shortlist what we think are the best canadian brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Canada Brokers.

Trading in Canada

When trading in Canada you will need to chec what your options with your Canada trading broker are.

We list below the various regulated trading account types available to traders in Canada. If you are looking for a trading platform or broker in Canada that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Canada broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Canada

You've probably noticed how Forex trading is really taking off in Canada, right? Over the past half-dozen years or so, the trading volume in Canada has been on a steady climb. It's like everyone in Canada is getting in on the action. But traders in Canada must understand the risks.

Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.

Modern software, more affordable mobile devices in Canada and higher internet uptake in Canada has increased competition for new trading clients among brokerages in Canada, which has opened Forex trading to a new audience.

Is Forex Trading Legal in Canada?

There's this common myth floating around that diving into Forex trading in Canada is illegal, this is not the case, but Forex trading in Canada is risky. Forex trading in Canada is not a get rich quick scheme, you will be competing with people not just in Canada, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Canada that's not just reputable but also strictly regulated and allowed to offer services to traders in Canada.

Trading in Forex is allowed in Canada as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Canada and investing internationally. Canada Forex trading is not banned, their are many top-notch international online brokers available to traders in Canada offering regulated trading environments.

Do Forex Traders Pay Tax in Canada?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Canada the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Canada. You've must file taxes in Canada even if the markets chewed you up and you spat out losses this year. Also in Canada you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Canada who knows the ins and outs of the tax labyrinth in Canada. In Canada, Islamic accounts are not restricted.

Cryptocurrencies in Canada

Here in Canada, the crypto scene is still pretty new, and cryptocurrency in Canada is getting more and more tangled up in the local financial regulatory rule in Canada. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Canada, they're not as rattled by interest rate shifts or the political drama in Canada that's always on the news. Crypto in Canada is a different beast altogether.

You know, with the surge of younger traders in Canada, who are not only tech-savvy but also starting to speculate with decent money in Canada, there's a noticeable shift happening in Canada towards the crypto market (which is highly volitle and high risk in Canada). Cryptocurrency traders in Canada contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Canada

In Canada commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Canada since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Canada are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Canada here.

Islamic Accounts in Canada

Canada brokers support Islamic accounts or swap-free accounts. Canada Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Canada offer accounts that are suitable for Islamic traders. These Canada brokers complies with Sharia law.

Benefits of Trading in Canada

Canada economy and population is growing. The middle class population in Canada is increasing which means a growing consumer base. Many business and financial opportunities exist in Canada. Canada has a young population educated in technology and the internet.

Concerns of Trading in Canada

Canada digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Canada guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Canada Brokers offering high leverage trades in Canada can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Canada brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Canadian Brokers Checklist

Selecting a reliable and reputable online Canadian trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Canadian more confidently.

Selecting the right online Canadian trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Canadian broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Canadian Brokers in Our Brokerage Comparison Table

When choosing a broker for canadian trading, it's essential to compare the different options available to you. Our canadian brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a canadian broker that best suits your needs and preferences for canadian. Our canadian broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Canadian Brokers of 2025 compared

Here are the top Canadian Brokers (CA).

Compare canadian brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a canadian broker, it's crucial to compare several factors to choose the right one for your canadian needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are canadian brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more canadian brokers that accept canadian clients.

Broker XTB FP Markets EasyMarkets SpreadEx FXPrimus forexmart Eightcap ForTrade IB Forex.com IG
Rating
locality XTB accept Canadian clients FP Markets accept Canadian clients easyMarkets accept Canadian clients SpreadEx accept Canadian clients FXPrimus accept Canadian clients ForexMart accept Canadian clients Eightcap accept Canadian clients ForTrade accept Canadian clients Interactive Brokers accept Canadian clients Forex.com accept Canadian clients IG accept Canadian clients
Regulation FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (137723) Belize SCB (Securities Commission of The Bahamas) (SIA-F220), ASIC (Australian Securities and Investments Commission) (391441), FCA (Financial Conduct Authority) (921296), CySEC (Cyprus Securities and Exchange Commission) (246/14) FCA (Financial Conduct Authority) (609970), CIRO (Canadian Investment Regulatory Organization) (BC1148613), ASIC (Australian Securities and Investments Commission) (493520), CySEC (Cyprus Securities and Exchange Commission) (385/20), FSC (Financial Services Commission, Mauritius) (GB21026472), Investment Industry Regulatory Organization of Canada (IIROC) NYSE (New York Stock Exchange), FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation), CIRO (Canadian Investment Regulatory Organization), FCA (Financial Conduct Authority) (208159), CBI (Central Bank of Ireland), ASIC (Australian Securities and Investments Commission) (453554), SEHK (Securities and Futures Commission, Hong Kong), MAS (Monetary Authority of Singapore) (CMS100917) CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority)
Min Deposit No minimum deposit 100 25 No minimum deposit 15 15 100 100 10000 100 No minimum deposit
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 1,000,000+ 200,000+ 250,000+ 60,000+ 300,000+ 10,000+ 80,000+ 1,000,000+ 3,120,000+ 454,000+ 313,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
Platforms MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) TradingView, MT5, MT4, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play) Fortrader, MT4, Mobile Apps, iOS (App Store), Android (Google Play) IBKR GlobalTrader, IBKR Desktop, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR ForecastTrader, IMPACT, Mobile Apps, iOS (App Store), Android (Google Play) Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
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Risk Warning 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits Your capital is at risk Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Demo XTB
Demo
FP Markets
Demo
easyMarkets
Demo
SpreadEx
Demo
FXPrimus
Demo
ForexMart
Demo
Eightcap
Demo
ForTrade
Demo
Interactive Brokers
Demo
Forex.com
Demo
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All Canadian brokers in more detail

You can compare Canadian Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Canadian Brokers for 2025 article further below. You can see it now by clicking here

We have listed top Canadian brokers below.

Canadian Brokers List

XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPrimus
(3/5)
Min deposit : 15
FXPrimus was established in 2009 and is used by over 300000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14)
forexmart
(3/5)
Min deposit : 15
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (137723) Belize
Eightcap
(3/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 80000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

TradingView, MT5, MT4, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by SCB (Securities Commission of The Bahamas) (SIA-F220), ASIC (Australian Securities and Investments Commission) (391441), FCA (Financial Conduct Authority) (921296), CySEC (Cyprus Securities and Exchange Commission) (246/14)
ForTrade
(3/5)
Min deposit : 100
ForTrade was established in 2014 and is used by over 1000000+ traders. Your capital is at risk ForTrade offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Fortrader, MT4, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (609970), CIRO (Canadian Investment Regulatory Organization) (BC1148613), ASIC (Australian Securities and Investments Commission) (493520), CySEC (Cyprus Securities and Exchange Commission) (385/20), FSC (Financial Services Commission, Mauritius) (GB21026472), Investment Industry Regulatory Organization of Canada (IIROC)
IB
(3/5)
Min deposit : 10000
Interactive Brokers was established in 1977 and is used by over 3120000+ traders. Losses can exceed deposits Interactive Brokers offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

IBKR GlobalTrader, IBKR Desktop, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR ForecastTrader, IMPACT, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by NYSE (New York Stock Exchange), FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation), CIRO (Canadian Investment Regulatory Organization), FCA (Financial Conduct Authority) (208159), CBI (Central Bank of Ireland), ASIC (Australian Securities and Investments Commission) (453554), SEHK (Securities and Futures Commission, Hong Kong), MAS (Monetary Authority of Singapore) (CMS100917)
Forex.com
(3/5)
Min deposit : 100
Forex.com was established in 1999 and is used by over 454000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies. Cryptocurrency availability with Forex.com is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD
IG
(2/5)
Min deposit : 0
IG was established in 1974 and is used by over 313000+ traders. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. IG offers Forex, CFDs, Spread Betting, Share dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority)

Learn more Learn more about XTB.
74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TRADE NOW Try XTB today
74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.