We found 11 online brokers that are appropriate for Trading Canadian Investment Platforms.
eToro, which was established in 2007 and is headquartered in the United Kingdom, had more than 17 million users in nearly 100 countries, with millions of active members in 43 U.S. states and Washington, D.C. eToro began as a visual Forex platform, and it has modified its tools for cryptocurrency trading. Customers from outside of the United States can trade additional investment vehicles such as contracts for difference (CFDs) and stocks on several exchanges.
eToro, a crypto and CFD trading platform, uses social networking to make investing simpler by letting users "follow" each other, display trade stats, and copy strategies. Trades in currencies, cryptocurrencies, indexes, stocks, and products are all supported by the network. To make it simpler, new users are given $100,000 in digital currency to test their abilities before risking actual cash.
Traders who wish to be copied and who obey risk-control laws can be found on the eToro site. This access then allows retail accounts to instantly duplicate the most successful clients' trades and investment vehicles. But you should not forget that copy trading doesn't promise profits or losses.
Sadly, the answer is no. eToro is no longer able to provide Canadian services due to regulatory developments.
You had to be a resident of the United States to open an eToro account. And even U.S. citizens living abroad do not qualify. Customers must have government-issued documents, such as a credential or driver's license, as well as proof of residence, to complete an identification process. Foreign indiviuls residing in the United States may meet these conditions, but Canadians are out of reach.
Yes, the firm pulled out in 2018 after the Ontario Securities Commission (OSC) sanctioned it $500,000 for unauthorized trading practices such as exchanging without being licensed and selling securities without a financial statement or waivers. Between 2010 and 2015, the OSC said it had notified eToro about these issues on several occasions. eToro, on the other hand, has claimed to have attempted to discourage Canadians from exchanging on its website.
Yes, indeed. In Canada, many investment firms provide low rates, useful market analysis resources, and access to a wide variety of financial products, including Forex, assets, stocks, shares, indices, ETFs, derivatives, cryptocurrencies, and much more.
eToro told its European customers on January 7, 2021, that due to the current extreme volatility in the cryptocurrency market and the danger it poses, the opportunity to open new leveraged crypto investments has been disabled. Currently, accessible leveraged crypto investments are unaffected. The very next day, it told its European clients that, due to excessive market uncertainty in the cryptocurrency market, all utilized crypto investments should be transferred to non-leveraged positions within 4 hours, or they will be locked. The firm terminated all capacity to utilize a few hours later. Money was transferred to users' accounts, along with any benefit or loss sustained.
Attorneys and customers in Cyprus have declared their intention to file a class-action lawsuit and a petition to withdraw eToro's license. eToro broke the agreements it had made with its clients. People have witnessed in their various cities and countries that their leveraged crypto positions had been closed due to a four-hour notice until closing all utilized crypto positions.
First of all, Bitcoin, Bitcoin Cash as well as Ethereum, Litecoin, and XRP are available to users in the United States.
The website and mobile app are virtually identical in appearance, are well-designed, and simple to use.
Traders will observe what other users are doing on the site and seek the instructions of those members who encourage you to replicate their trades.
Transactions are based on a unique spread that differs from coin to coin, even though no clear commissions are paid. Some of these margins are very wide.
Since the minimum order for any coin is $25, it is difficult for smaller investors to diversify their holdings beyond a few coins.
You can imitate some well-known traders' trades, but you will need a larger balance to duplicate their transactions. For each copy exchange, most businesses claim a minimum of $200.
The steps followed for creating a new account is straightforward and can be completed entirely online. It may take some time for your authenticity to be checked and your account to be opened after you've uploaded all of the necessary details. Plaid is used by eToro to integrate any bank or deposit account to a brokerage/trader account. You can finance an account with a credit card, PayPal, Skrill, Neteller, Rapid Transfer, iDEAL, and Sofort in certain countries outside of the United States.
Account-holders in the United States can only open cash accounts. Customers outside of the United States cannot open private pensions, although there is flexibility available for currency traders.
We have conducted extensive research and analysis on over multiple data points on eToro Canada to present you with a comprehensive guide that can help you find the most suitable eToro Canada. Below we shortlist what we think are the best Canadian Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching eToro Canada.
Selecting a reliable and reputable online Canadian 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 Investment Platforms more confidently.
Selecting the right online Canadian 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 Investment Platforms trading, it's essential to compare the different options available to you. Our Canadian 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 Investment Platforms broker that best suits your needs and preferences for Canadian Investment Platforms. Our Canadian Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Canadian Investment Platforms.
Compare Canadian Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Canadian Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Canadian Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Canadian Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Canadian Investment Platforms that accept Canadian Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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, | 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 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 Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Canadian Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that 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 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.