We found 11 online brokers that are appropriate for Trading Canadian Dollar Investment Platforms.
If you want to trade the Canadian dollar, one thing that you need to do is to determine when to buy and sell. You will find the best times of the year for trading are during the fall and winter seasons. Most experts believe that the North American economy is suffering from the effects of the recession. Some economists believe that this will only last for a certain time, and it will soon be over. There are many economic indicators such as Consumer Price Index (CPI) growth, employment rate, inflation, and gross domestic product growth. All these factors play important roles in determining the direction of the Canadian dollar and its value against the US dollar.
If you want to succeed in the Forex market, you need to learn how to interpret the data and the trends in the market. One indicator that can show the onset of an interest rate move is the rise of the Canadian dollar against the United States dollar. The Canadian dollar has strong seasonal trends. You can watch them by looking at the following annual seasonal chart of Canadian dollar futures, which are usually traded relative to the USD.
The Canadian dollar is highly correlated with the US dollar, and a stronger dollar makes the Canadian dollar more expensive than the US dollar. In other words, as the exchange rate between the two currencies changes, the Canadian dollar will also go up or down to match the exchange rate movement in the US. However, it is best not to expect drastic changes because many factors determine the strength of the Canadian dollar, and any change may be temporary.
Canada's economy is one of the most diversified globally, with a combination of services, manufacturing and natural resources that make it one of the most stable economies in the G7. The economy behind the Canadian dollar ranked ninth in international rankings of GDP (in US dollars), making it one of the most resilient economies during recessions. This performance has been aided by the country's highly diversified economy, which has enough reach to ensure that it takes whatever form of change in its various sectors and industries. The Canadian dollar is also often called the 'real Canadian dollar' due to its higher exchange rate than the US dollar. As a result, Canada remains one of the major trading partners in the Global North (concerned with the economic performance of industrialised nations in the North), including energy, resources, and transportation. The following are five key indicators related to the Canadian economy.
The Debt-to-GDP ratio measures the debt of the Canadian government as a proportion of its gross domestic product. For most of the last decade, the loonie has been the primary currency used on the global financial market. Canadian financial institutions and businesses' current shift to the US dollar has significantly reduced the Canadian dollar's appeal to foreign investors. While the recent slew of negative reports regarding Canadian banks precipitated a sharp sell-off in the loonie, a rebound in the soured mortgage market should restore the currency's momentum.
The exchange rate between the Canadian dollar and the US dollar is largely dependent on the status of US interest rates. The stronger US economy provides an increased demand for the Canadian dollar, reducing the exchange rates between the two currencies. Should the US interest rates rise, the loonie is expected to lose value against the Canadian dollar. While this scenario isn't favourable for Canadian businesses, it provides some relief for its exporters.
The Canadian dollar is currently the strongest performing currency. However, some forecasters have several reasons why the loonie's outperformance isn't quite as high as it used to be. One of these reasons is the recent downgrade in the USD and the associated strengthening of the Canadian dollar. As the USD continues its downfall, the Canadian dollar (CAD) has begun to climb. While the loonie has stabilised or slightly strengthened, many traders remain unsure whether this can last.
According to reports, oil prices have dropped more than three per cent in recent weeks, which has a significant effect on the Canadian economy. The recent spike in oil prices was led by the United States and other top consuming countries such as Russia, Norway, Saudi Arabia, and Iran. Although most countries have been affected by the recent price increase, Canada's economy is not affected because of these price hikes. These price hikes in oil were triggered by an increased demand from Asian-Pacific countries (especially China) and the Middle East for cheaper crude oil. Many traders believe that the recent decrease in oil prices can last until the end of this summer (the summer of Canada's winter). Still, experts say that the current weakening of the loonie could lead to continued volatility in Canadian dollar prices.
With so much uncertainty surrounding the drivers of the Canadian dollar, traders look for answers. Traders will likely continue to monitor the price framework of oil prices for further decreases in the USD, possible changes in the European Central Bank's interest rates, and any developments in world events (such as the Arab Spring uprisings or unrest in Venezuela). It will enable traders to better determine which of the current drivers of the Canadian dollar will impact the Canadian economy in the long term. Knowing which of these long-term economic drivers will affect the Canadian dollar is important because it will give traders a way of anticipating which direction the economy will head in over the medium and long term.
The Canadian dollar is tied very closely to the USD. Suppose the USD currency weakens against the Canadian dollar. In that case, Canadian exporters will suffer from the loss because their imported goods will cost more in the US market than they are paying right now in the Canadian dollar. The same thing goes for the USD versus the Canadian dollar, if the US dollar weakens against the loonie. Thus, any weakening in the currencies would have a huge impact on the economies of both countries. So, when you look at factors that may affect the Canadian dollar, you have to take a long term view and not just look at the short term swings because they tend to overstate the effects of any given factor.
Some critical and influential factors affect the Canadian dollar, most notably the trade balance between the two countries, the level of political stability in Canada, and economic freedom at both the federal and state levels. These factors have had a large impact on the value of the Canadian dollar and how that currency acts against the United States dollar.
We have conducted extensive research and analysis on over multiple data points on Trading Canadian Dollar to present you with a comprehensive guide that can help you find the most suitable Trading Canadian Dollar. Below we shortlist what we think are the best Canadian Dollar Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Canadian Dollar.
Selecting a reliable and reputable online Canadian Dollar 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 Dollar Investment Platforms more confidently.
Selecting the right online Canadian Dollar 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 Dollar Investment Platforms trading, it's essential to compare the different options available to you. Our Canadian Dollar 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 Dollar Investment Platforms broker that best suits your needs and preferences for Canadian Dollar Investment Platforms. Our Canadian Dollar Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Canadian Dollar Investment Platforms.
Compare Canadian Dollar Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Canadian Dollar Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Canadian Dollar Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Canadian Dollar Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Canadian Dollar Investment Platforms that accept Canadian Dollar 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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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 Dollar 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 Dollar Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Canadian Dollar 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. 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.
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