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 Last updated - March 17, 2024

Canada Financial Markets

Canadian Brokers

Brokers in Canada are known to be some of the most prominent across international financial markets. Canada has had a long yet lucrative financial history, the TMX being the most prominent Canadian exchange.

Traders can also accrue wealth in the CSE, NASDAQ Canada, MX (the Montreal Exchange), and ICE Futures Canada.

The Canadian dollar (CAD) is one of the top five 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 legalization of cannabis in recent years has helped in moving the economic graph even further.

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).

Online Brokerages In Canada

Online brokerage is another term for online brokers in Canada. Whether clients are selling stocks or trading forex, an online broker can provide aid over the internet. Online brokers can educate clients on international trading or provide financial advice among other customer support services for a commission fee. Compared to physical offices, online brokerages have a lower cost in comparison. Additionally, virtual brokers can also provide resources to an active trader whos interested in self directed investing.

A stock broker works as a medium that can sell stocks on behalf of clients. An online broker can execute trades and purchases on behalf of clients. They also manage clients' brokerage accounts as well but will charge account maintenance fees for doing so.

Types of Canadian Online brokers

It is worth noting however there are two types of online brokers that investors will find, discount brokers and full-service brokers.

A discount brokerage offers investors all the trading tools they need to trade stocks or swap currencies. Discount brokerage requires a minimum deposit for giving away financial instruments and allowing investors to access an online trading platform as a means of self-directed trading similar to ci direct trading. Trading fees are much lower with discount brokers along with account fees.

On the other hand, a full-service online brokerage platform can manage retail investor accounts, provide guidance on investment decisions, and so much more. The downside is the account maintenance fees and trading fees that are much higher than what investors will find with a discount brokerage. General management fees are high but the range of services a broker can are numerous.

Regardless of who you choose, remember to only opt for a virtual broker who has guaranteed investment certificates as it ensures their legitimacy.

Why Choose an Online Broker in Canada?

Online brokers have different specializations that they can offer to traders. Stock trading, forex trading, or another form of investments can be tedious for newcomers. virtual brokers in general can allow retail investors to control their investments in a refined manner. An online broker can also give investment advice and act as a medium in online trading as well. Some of the best online brokers give investors access to the stock market via a trading platform that utilizes next-gen technology and financial tools. Managing an investment account becomes easier with online brokerages in Canada.

Trading With Canadian Brokers

When you are looking for Canadian brokers to help and guide you for all your trading needs in Canada, to safely trade and increase the chances of your investment strategy being successful have a good understanding of the below:

Canadian Regulatory Authority

Canadian online brokerages are regulated to ensure the protection of retail investors and customers. Every financial institution in the state is regulated by the Financial Consumer Agency of Canada. Online brokers in Canada all abide by the regulations of the FCAC which reinforces the Canadian investor protection fund policies. In addition to protecting consumer funds, the Agency also implements negative zero balance protection from online stock brokers and oversees all markets in the state. Canadian investors can rest assured when signing up with regulated online trading platforms from the FCAC in allegiance with the national bank.

Canadian Forex

Forex trading is the exchange of one country's currency with that of others and the difference between the buy price and sell price is the profit or loss. Canada has a sound Forex market and almost all the Canadian brokers offer trading in it for clients.

Canada Contracts For Difference (CFD)

CFD means speculating on the future price of an asset. CFDs benefit from offering traders increased leverage over the trades deposited amount. Can buy more stocks or currency for example thank your deposited amount. But be careful because you could lose more than your deposited amount. It is common among most brokers in Canada to offer clients CFDs. Assets such as stocks, stock indexes, currency pairs, commodities, and other such financial instruments can be traded as CFDs.

Canadian Demo Accounts

When you start trading in Canada, it helps to explore the markets via a demo account. Register demo accounts with multiple brokers. Take time to understand the different platforms and tools. A majority of Canadian brokers will let you begin with a demo account. This way, you will not have to risk your real capital in the beginning. These types of accounts are crucial if you have inadequate experience in trading or no prior information about the Canadian financial markets. Demo accounts help by giving you a simulated trading environment so you can practice trading before actually doing it with real capital.

Trading opportunities In Canada

Traders find Canada to be one of the best financial markets for their investments. Getting credit in Canada is easier than in most countries. It is ranked 12th in the world. In terms of ease of doing business, the World Bank has ranked it 22nd. Small investors are well protected in Canada.

Trading Challenges In Canada

The country is highly dependent on foreign trade like the United States and so the market may become volatile anytime. Currently, there is a trade tariff war is ongoing between the US and China. It is uncertain what the outcome will be of this. If the US is impacted negatively, the Canadian market will react the same way.

Last year the TMX exchange was partially shut down due to technical issues for about an hour and this worried some of the operators.

Things To Know About Trading In Canada

Before going on to trade in Canada, below are the facts you should be aware of before doing anything else:

The Prices Will Be in CAD

When you go through stock quotes on Canadian exchange platforms, you will see a majority of assets with their prices listed in CAD, in place of the usual currency used on Wall Street, i.e., USD> Even though some trading platforms will let you switch through the displayed currencies, the online listings will by default list Canadian securities in their national currencies, i.e., CAD. For reference, use a currency conversion calculator – you will come across many for free. To improve your trading experience, consider converting prices back to your locally used currency.

The Markets In Canada Are Not As Liquid

Even though the Canadian stock market may see expansion daily, when compared to the American market, it still has a long way to go. The net market cap of the TSE (or the Toronto Stock Exchange) is around 2.28 USD trillion compared to the 30.2 trillion USD on the NYSE.

This indicates that the stock shares are dealt with a lot less often on the stock market in Canada in comparison to the American stock market. If you plan to trade every day via a Canadian firm, keep in mind this fact when coming up with your trading techniques and strategies.

This is particularly crucial when diversifying your trading portfolio. While you can try diversifying by utilizing Canadian stocks, you will reach a dead-end soon enough. You might have to look for other investment forms; such as silver, gold, bonds, commodities, cryptocurrencies, etc.

Different Canadian Brokers Offer Different Equities

In the US, a majority of brokerages provide various types of equities to amplify their commissions and attract more prestigious traders. It is commonplace for Canadian brokers specializing in stock offerings to also allow traders to trade futures contracts, options, ETFs, mutual funds, currencies, and cryptocurrencies.

Online equity trades in Canada vary greatly based on the broker offering them. Hence, it helps to make sure your broker provides all the assets you want to trade before you can set up an account or deposit funds.

Canadian Trading Accounts Often Come With Maintenance Charges

It is not common in the US for a brokerage account to charge dormancy or maintenance fees; that is unless the brokerage only targets seasoned traders. In Canada, most brokerage firms impose annual fees or service fees unless the trader manages to make a vast majority of trades or has access to a high-value trading account.

The best-known brokerage firms establish a low account minimum to steer clear of annual charges. These minimums, however, may go as high as 5K CAD. In this case, it should not surprise you when you find out that annual fees are inescapable for most traders. Consider your potential brokerage’s annual charges when deciding on a brokerage.

Canadian Brokers Come With Different Types Of Tax-Advantaged Accounts

US brokers are usually accustomed to multiple account types. When you set up an account with a Canadian broker, you may be restricted to two account types, i.e., RRSPs (or Registered Retirement Savings Plans) or taxable trading accounts.

Anyone younger than 69, regularly paying salary taxes to the government, will most likely be eligible for an RRSP. An RRSP is similar to a conventional US-based IRA account in terms of tax functions. If you are not a Canadian local, you will most likely be eligible for a basic taxable account.

What To Look For In A Trading Platform In Canada

The following are the factors to look out for in a Canadian trading platform:

Low Commissions And Other Fees

Low commission charges are integral for investors, and more so for traders. Whenever a trader’s trading activities increase, they have to pay commission fees more often. It is rare to come across a stock broker offering commission free trades in Canada. In this case, even 1 CAD per transaction can eventually amount to a lot. Hence, it is crucial to focus on commission fees.

Charting Tools

Investors are usually fixated on fundamental analyses to make investment decisions. Traders, on the other hand, use charts to figure out their next moves. Hence, a trading platform with numerous options for creating charts should be considered mandatory, most particularly tools targeting the indicators you may need.

Access To Data

Short-term trading is normally dependent on access to fast and accurate data. For example, price quotes that lag would be considered no-goes for a majority of traders as they will normally seek access to a vast range of real-time indicators.

Trading Product Access

While it is viable to trade ETFs and stocks, a lot of trading products are geared towards traders and may not be available on all sorts of platforms. Such products usually include precious metals like silver and gold, currencies and cryptocurrencies, options, naturally derived resources, and futures products.

Mobile Application

Since time is of the essence for all successful traders, it helps to have access to a trading platform you can access when you are away from your computer. Most broker platforms today offer applications. However, not all of them offer a full-fledged platform or offer the type of interface a trader may need for trading stocks on the go.

Trading Platforms to Start in Canada

Financial institutions in Canada are numerous for investors to start trading at. Youthful clients can take advantage of the trading tools and accounts offered by the institutions.

Some common names that Canadian investors can start at including the following

CI DIrect investing

CI direct trading makes self-directed trading convenient and easy. Investors can trade in commission free ETFs or invest in other projects as well. They also provide services at low fees and provide smart tools.

CIBC Investor Services inc

CIBC investor services inc provides a combination of investment services. They also provide estate and tax planning assistance as well and provide guidance on finances. The institution has a subsidiary CIBC investor's edge which features an upgraded trading platform and refined website interface as well as financial services. <./p>

RBC direct investing

RBC direct investing provides management services, treasury, and investment services along with tools to provide self-directed investing. RBC's account maintenance fee is adequate for Canadian investors.

Interactive brokers

One of the best Canadian brokers is Interactive. The establishment features satisfactory stock brokers offer, ETF trading, and a separate line of services for non registered accounts. Ultimately it is their trust and professionalism that make them one of the best online brokerage firms in Canada.

Canadian Brokers Verdict

Although the Canadian trade market is mainly dependent on overseas trade, traders have benefited from it the most. Canadian brokerage firms are thoroughly regulated and provide top-tier trading platforms and conditions.

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 935,000+ 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, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, 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
Learn More Sign Up with
xtb
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fpmarkets
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easymarkets
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spreadex
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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
Sign Up with
forexcom
Sign Up with
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 935000+ 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, 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, 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.