Top Canada Brokers for 2024

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 - May 18, 2024

Canada Financial Markets

Canadian Brokers

In Canada, brokers, also known as brokerage firms, serve as intermediaries that 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 entities operate within a regulated framework, primarily overseen by national and provincial regulatory bodies to ensure investor protection, market integrity, and financial system stability.

Canada boasts prominent financial markets with a long and lucrative history. The TMX is the most prominent Canadian exchange, but traders can also access the CSE, NASDAQ Canada, MX (the Montreal Exchange), and ICE Futures Canada.

TThe Canadian dollar (CAD) is one of the top six most popular reserve currencies in the world and it amounts to about 2 percent of global reserves. This is due to economic soundness and political stability in the country. Canada has a stable legal procedure too.

The Canadian brokers come under the regulation of IIROC (or the Investment Industry Regulatory Organization of Canada) while the financial institutions are monitored by the Financial Institutions Supervisory Committee (FISC).

Best Canadian Brokers

IC Markets

IC Markets Platform Overview

As an experienced trader in Canada, 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.

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 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

eToro

eToro Screenshot

For Canadian traders interested in a community-driven approach, eToro offers an innovative social trading platform where you can copy trades of successful investors. With a user-friendly interface and a vast user base, eToro is perfect for those who value collective wisdom and easy-to-navigate platforms. It provides a secure trading environment, regulated by top financial authorities, ensuring a reliable space for trading a variety of instruments.

eToro in Canada

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 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.

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.

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.

Avatrade usd/cad

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 seeking technological sophistication coupled with cost efficiency. It's designed for those who demand precision and flexibility in their trading endeavors.

FP Markets Canada

Financial Markets in Canada

Canada's financial market is a sophisticated and well-regulated system that plays a crucial role in the country's economy. It consists of various segments, including capital markets, banking sector, insurance, and other financial services, which facilitate the flow of funds between investors and those in need of capital. Here's an overview of the key components of Canada's financial market:

Capital Markets In Canada

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 in the world, hosting a wide range of companies from Canada and abroad. The TSXV is geared towards smaller-cap companies.

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

Derivatives Market: The Montreal Exchange (MX) is Canada's derivatives exchange, facilitating trading in futures and options on stocks, indices, currencies, and interest rates.

Canada's Banking Sector

Canada's banking system is highly concentrated. The largest banks in the country provide a wide range of services, including retail banking, commercial banking, and investment banking.

The country is known for its strong regulatory framework, which helped it weather the 2008 financial crisis better than many other nations.

Investment Industry

The investment industry includes a variety of entities such as mutual funds, pension funds, and insurance companies that manage investments on behalf of individuals and institutions.

Canada also has 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.

The country is also a hub for financial technology (fintech) innovation, with numerous startups and established companies working on digital payments, blockchain, and financial management solutions. Some well-known examples include wealth management platform Wealthsimple and payment processing company Nuvei.

Canada has a well-regulated financial system, which helps to ensure stability and consumer protection. Key regulatory bodies include 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. You could mention the role of the Canadian Imperial Bank of Commerce (CIBC) and other prominent financial institutions in the future.

Canada's financial institutions are major players on the world stage. Briefly mentioning Toronto Stock Exchange (TSX) as a global financial center could be a good addition.

Canada's financial markets are integral to supporting economic growth by facilitating capital formation, providing liquidity, and enabling risk management. The system's strength lies in its comprehensive regulatory framework, diverse market participants, and a reputation for stability and innovation.

Regulatory Bodies in Canada

The two key regulatory bodies in Canada are:

Investment Industry Regulatory Organization of Canada (IIROC): A Canadian regulatory body. IIROC sets and enforces standards of conduct on companies offer financial services to Canadians and protects investors from unfair, improper, or fraudulent practices.

Provincial Securities Commissions: Each of Canada’s ten provinces and three territories has its own securities commission or regulator that oversees the securities industry within its jurisdiction. The largest and most notable is the Ontario Securities Commission (OSC), which regulates securities in Ontario, Canada's most populous province and home to Toronto, the country's financial hub.

Online Brokerages In Canada

Online brokerages allow you to buy and sell investments like stocks and forex (foreign exchange) entirely online. Compared to traditional brick-and-mortar brokerages, online brokers offer lower fees due to their reduced overhead.

These platforms cater to both beginners and active traders. They provide educational resources to help new investors learn the ropes and offer self-directed investing options for experienced traders.

Online brokers execute trades on your behalf and manage your investment account. They typically charge commissions for each trade executed. Some online brokers even offer commission-free trading, though they may have other fees associated with accounts or specific investments.

Here are some additional factors to consider when choosing an online brokerage in Canada:

Types of Canadian Online Brokers

There are two main types of online brokers to consider: discount brokers and robo-advisors.

Discount Brokers: These brokers offer a platform for self-directed investing, with lower fees compared to full-service brokers. Investors have access to trading tools and research to make their own investment decisions. Discount brokers may require a minimum deposit to open an account.

Robo-Advisors: These automated investment platforms use algorithms to manage your portfolio based on your risk tolerance and investment goals. After you answer an online questionnaire, the robo-advisor invests your money in a diversified portfolio, typically using a mix of ETFs, stocks, and mutual funds. Robo-advisors typically have lower fees than full-service brokers but higher fees than self-directed discount trading.

Choosing an Online Broker in Canada:

Ensure the online broker you choose is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) for investor protection.

Why Choose an Online Broker in Canada?

Online brokers offer several advantages for Canadian investors:

By choosing an online broker, you gain greater control and flexibility over your investments, while potentially saving on fees.

Trading With Canadian Brokers

Understanding the Canadian Market:

Before you start trading in Canada, it's important to understand some key aspects:

Benefits of Trading with Canadian Brokers:

Challenges of Trading in the Canadian Market:

Things To Know About Trading In Canada

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

Currency

Prices in CAD: 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.

Market Liquidity

Less Liquid Compared to US: The Canadian stock market (TSE) has a smaller market capitalization compared to the US (NYSE). This means stocks are traded less frequently in Canada. Consider this when developing your trading strategies, especially if you prefer frequent trading.

Investment Options

Variety by Broker: Canadian brokers offer varying investment options. Some specialize in stocks, while others might offer futures, options, ETFs, and even cryptocurrencies. Research your chosen broker to ensure they offer the assets you want to trade before opening an account.

Account Maintenance Fees

More Common: Unlike the US, many Canadian brokers charge annual or maintenance fees unless you meet specific trading activity requirements or have a high-value account. Consider these fees when choosing a broker.

Tax-Advantaged Accounts

RRSPs: Canadian brokers offer Registered Retirement Savings Plans (RRSPs) similar to US IRAs, allowing for tax-advantaged investing. If you're not a Canadian resident, you'll likely be limited to a regular taxable account.

What To Look For In A Trading Platform In Canada

Choosing the right trading platform in Canada is crucial for your investment success. Here are some key factors to consider:

Low Commissions and Fees

Commissions and fees can significantly impact your returns, especially for active traders. While commission-free trades are rare in Canada, compare brokerages and prioritize those with low commission structures. Even a small difference per trade can add up over time.

Advanced Charting Tools

Technical traders rely heavily on charts to make informed decisions. Look for a platform with a variety of charting tools that cater to your specific needs. This includes the ability to create custom charts, apply technical indicators, and conduct in-depth analysis.

Real-Time Market Data

Fast and accurate real-time market data is essential for short-term trading strategies. Look for a Canadian trading platform that provides up-to-date quotes, news, and economic data to stay ahead of the curve.

Diverse Trading Products

While stock and ETF trading are popular, some platforms offer a wider range of trading products suited for active traders. This may include options, futures contracts, commodities like gold and silver, and even cryptocurrencies (depending on regulations).

Mobile Trading App

Modern trading platforms often offer a mobile app, allowing you to trade on the go. However, not all apps offer the same functionality as the desktop platform. Ensure the mobile app provides a user-friendly interface with the features you need to execute trades effectively.

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 2024 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) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Min Deposit No minimum deposit 100 100 1 100 1 100 100 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+ 10,000+ 142,500+ 10,000+ 10,000+ 10,000+ 10,000+ 1,000,000+ 10,000+ 200,000+ 239,000+
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
  • Guaranteed stop loss
  • 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
  • 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
  • ECN 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
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4,WEB,desktop MT4, Tablet & Mobile apps MT4, Binary, Tablet & Mobile apps Web Trader, NinjaTrader, Tablet & Mobile apps MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
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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fxprimus
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forexmart
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eightcap
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fortrade
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interactivebrokers
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forexcom
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ig
Risk Warning 76-85% 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
IG
Demo
Excluded Countries US, IN, PK, BD, NG , ID, BE, AU US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. RU US US US BE US, BE, FR, IN, IL, PL, ZW


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 2024 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. 76-85% 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

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 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ 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

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

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), Markets In Financial Instruments Directive (MiFID)
forexmart
(3/5)
Min deposit : 1
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

MT4,WEB,desktop

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)
Eightcap
(3/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 10000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC)
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

MT4, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
IB
(3/5)
Min deposit : 10000
Interactive Brokers was established in 1977 and is used by over 10000+ traders. Losses can exceed deposits Interactive Brokers offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, NinjaTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Forex.com
(3/5)
Min deposit : 100
Forex.com was established in 1999 and is used by over 200000+ 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

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC)
IG
(2/5)
Min deposit : 0
IG was established in 1974 and is used by over 239000+ 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, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)

Learn more Learn more about XTB.
76-85% 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
76-85% 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.