We found 11 online brokers that are appropriate for Trading Canadian And Usd Currency Investment Platforms.
Canada and the United States of America are neighbors and also have relatively strong currencies. To find the value of one currency against another, we usually look at the currency pairs. In this instance, the first currency is the Canadian Dollar (CAD) and the second currency is United States Dollar (USD). This currency pair is expressed as the USD/CAD and is present in the major category of FX pairs.
USD/CAD tells us the value of 1 USD against the CAD. In other words, how many Canadian Dollars are required to purchase 1 USD can be found by looking at the rate of USD/CAD. Among the trader's community, the USD/CAD is pair is also known by another name, 'Loonie.' This word was used because it is the name of a bird that is engraved on the Canadian coin.
If the current rate of USD/CAD is around 1.50, it means that 1 USD can be exchanged for 1.50 Canadian Dollars. As the rate of these currencies keeps changing, the value of CAD may become higher than that of the USD. In the past, the value of these 2 currencies has also reached parity which shows that both currencies are very strong. When we compare the USD/CAD with USD/JPY, it becomes apparent that the CAD is much stronger as compared to the JPY.
If we look at the overall history, it becomes apparent that the USD is stronger than the CAD. With strong trade relations between the two countries and being important economies, the USD/CAD pair is very volatile and actively traded.
For starters, the Bank of Canada and the Federal Reserve are the two central banks of Canada and the USA respectively. From time to time, these banks announce various policy measures, future guidance, news events, and so on. These events can cause a positive or negative movement in the USD/CAD currency pair.
Then we have the economic releases that highlight various economic indicators from time to time. Depending on the importance of a specific economic release, the USD/CAD can witness high volatility.
Any news from Canada and the USA which has significant importance can also impact the USD and the CAD. If the news is positive for the USD, the USD/CAD pair can move higher. Similarly, if the news is positive for the CAD, the USD/CAD pair moves lower, which means CAD is getting stronger against the USD.
Canada is a net exporter of oil, and as such, its currency has a high degree of correlation with oil & other commodities. Increased oil prices can have a good effect on the CAD as its value increases against other currencies. Similarly, low oil prices can drag down the CAD and make it weak against the USD & other currencies. Due to such a positive correlation between commodity prices and CAD, many people call it the commodity currency.
In the past, the two currencies have witnessed periods of parity in which both currencies became equal to each other in terms of value.
After the great recession in the USA, the USD became weak against most of the currencies. As a result, the CAD started to inch higher against the USD and reached around 0.95. It means that the value of 1 USD became equal to 0.95 CAD.
If we look at the reason for most of the parity events, it can be linked to financial problems in the United States of America and strong demand for oil prices. In the recent past, the oil price suffered a significant blow, and as a result, the value of the Canadian Dollar dropped against the United States Dollar. At that time, the price of 1 barrel of oil was around $30 (2016) - As a result, 1 USD became equal to around 1.46 CAD.
If we look at the historic chart of USD against CAD, we can see that the pair made a high in 2002. At that time, the price managed to touch 1.618 (1 USD equals 1.1618 CAD).
However, the price took a sharp U-turn and started going down for the next few years. As a result, the USD/CAD touched 0.9057 in the year 2007. So far, that's the most recent low witnessed by this currency pair, as the USD/CAD has already recovered quite a lot from that low point.
Right now, the USD/CAD is trading above 1.2000. This means that the USD is stronger against the CAD at the moment.
In the future, the economic progress of each country (USA & Canada) can dictate the future price of the USD/CAD currency pair. A major commodity that can have a significant effect on the USD/CAD pair is oil prices. The world is coming out of the COVID-19, but the progress is going to be slow. Experts point towards increased demand for crude oil as the economies are gradually opening up.
The policies of Canada and the USA's central bank are also going to be important for the USD and the CAD currency.
We have conducted extensive research and analysis on over multiple data points on Canadian Vs Usd Currency to present you with a comprehensive guide that can help you find the most suitable Canadian Vs Usd Currency. Below we shortlist what we think are the best Canadian and Usd Currency Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Canadian Vs Usd Currency.
Selecting a reliable and reputable online Canadian And Usd Currency Investment Platforms 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 And Usd Currency Investment Platforms more confidently.
Selecting the right online Canadian And Usd Currency Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Canadian and Usd Currency Investment Platforms trading, it's essential to compare the different options available to you. Our Canadian and Usd Currency Investment Platforms 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 and Usd Currency Investment Platforms broker that best suits your needs and preferences for Canadian and Usd Currency Investment Platforms. Our Canadian and Usd Currency Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Canadian And Usd Currency Investment Platforms.
Compare Canadian and Usd Currency Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Canadian and Usd Currency Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Canadian and Usd Currency Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Canadian and Usd Currency Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Canadian and Usd Currency Investment Platforms that accept Canadian and Usd Currency Investment Platforms clients.
Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | 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) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, 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 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, CA, IR |
You can compare Canadian And Usd Currency Investment Platforms 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 And Usd Currency Investment Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Canadian and Usd Currency Investment Platforms below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.
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