Forex brokers canada

Canadian forex brokers.

One of the biggest perks of trading with a Canadian forex broker is the Canadian Investor Protection Fund (CIPF), which insures every trader's account for up to $1 million against suffering losses due to an insolvent broker. See a list of all CIPF members here. Furthermore, all brokers in the country must be registered with the Investment Industry Regulatory Organization of Canada (IIROC).

Depending on the province, where they are registered, brokers in Canada may need to comply with different regulations – Quebec and Ontario, for example, impose additional requrements on forex and CFD brokers (nothing too harsh, though). Unlike the United States, Canada does not ban hedging, there is no FIFO (firs-in-first-out) rule for closing positions, and leverage is not restricted.

Despite being a vast country, Canada is not particularly popular destination for forex brokers; one of the reasons for this is that Canadian citizens are not mandated to trade with nationally-licensed brokers only and can trade with pretty much any brokerage from any country.

Nonetheless, major brokers like FXCM and Forex have chosen to set up offices there so that they can cater to the needs of their Canadian clients better.

* InvestTechFX and Fx Clearing claim to be Canadian forex brokers, but they are not CIPF members.

Canadian forex brokers.

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Forex Industry News.

Latest forex brokers.

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Top Forex Brokers in Canada - Dec. 2017.

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AvaTradeAct AvaTradeGo Mac Trading Meta Trader 4.

Forex Trading in Canada.

Canada’s proximity to the United States means that many Canadian traders invariably trade in New York or Los Angeles. However, the Canadian financial markets are sufficiently developed to provide for the needs of local and international clientele. Thanks to a diverse financial network, Canadian traders get to enjoy many favourable trading opportunities at their preferred brokers.. Read More>>

400:1 leverage Tight spreads Multiple trading platforms (AvaTrader, MT4, mobile and others) Powerful tools and resources available.

Deposit and Withdrawal information limited on the website Fewer currency pairs compared to other brokers Limited bonuses and promotions.

Tight spreads 400 to 1 leverage Multiple tradable assets 3 Trading Platforms (Web, Mobile and PC)

Listing of Deposit & Withdrawal options not evident Do not accept US traders.

Top8ForexBrokers helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

Is the Forex Broker regulated? Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better). Availability of Customer Service. Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.

Top Forex Brokers in Canada.

Unlike in the US where traders are permitted to deposit money with nationally-licensed brokers only (NFA regulated brokers), Canadian traders are able to trade with nearly any brokerage of their choosing. With this in mind it's worth considering whether you want to choose a Canadian Forex broker based in your country (or in your state), or whether you want to expand your horizons and consider a broker that serves Canadian Forex traders while being based elsewhere.

The classification of the Canadian dollar (CAD) as one of the world's major currencies has made Canadian Forex trading both accessible and understandable to traders at all skill levels and in all geographic locations. Still, it's not enough to merely understand the market – it's just as critical to have a Forex broker that offers the best trading conditions for Forex trading in Canadian dollars (and all currency pairs). Start by determining which pairs you'll be trading. USD/CAD, also known as the "Loonie" is Canada's most popular Forex pair, but our traders also watch others including CAD/JPY, CAD/CHF, EUR/CAD and AUD/CAD. Start by checking each broker to make sure it offers the pairs you want. Next, check the spreads of each of the top Canadian Forex brokers to compare their offerings and determine where you'll pay the least commission.

You'll also want to check each Canadian broker's policy about swaps, rollovers a leverage, all of which will ensure that your trades will be executed exactly how you want them, and that your Canadian Forex experience will be as pleasant (and hopefully profitable as possible).

Getting Started with Forex Trading in Canada.

While trading conditions are certainly a vital part of the Forex trading experience, we believe that the most important parts of the trading experience are related to the reliability, professionalism and security of each Canadian Forex broker. There are several ways to participate in online trading in Canada: you can choose a broker that is regulated in Canada only. You can choose a broker that is regulated outside of Canada but that serves Canadian Forex traders. These brokers may be regulated in multiple jurisdictions which is a strong sign that they are reliable and that your money will be secure even if you're doing the online trading from Canada, and not within their country of licensing. Lastly, you can opt for an unregulated broker. These brokers accept brokers everywhere, but will not guarantee safety of funds in a reliable way.

We have researched Forex trading in Canada extensively to bring you reviews and recommendations of the top Canadian brokers. The information we've compiled is as candid and updated as possible to ensure that you make a confident, educated decision. As you can see in the chart below there are several excellent options, and each broker may be the best Forex broker for different traders depending on their specific needs (as outlined above). There's no harm in opening a demo with a few brokers to see which one suits you best. After all, you're lucky to live in a country with so many options and possibilities – why not take advantage of all that online trading in Canada has to offer?

Canadian Forex Brokers.

AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.

Questrade, a Canadian discount broker located in Toronto, opened its doors in 1999 and has been rated one of Canada’s best managed companies several years running. Questrade was the first brokerage to offer dual currency registered stock accounts and commission-free ETF’s. Their focus remains the same but to keep up with other online brokerages, they have now added Forex platforms and CFD’s to their list of trading options. Questrade Inc. is registered as an investment dealer with IIROC.

FXCM (Forex Capital Markets) was founded in 1999 in the U. S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U. K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U. S. exchange listing the equity of large technology-based companies.

FOREX is a currency trading website operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP).

FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.

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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Forex Brokers in Canada.

Canada may not be famous as a country of origin for the biggest Forex brokers, but, nevertheless, its home to offices of many foreign exchange companies. Looser regulatory environment makes Canada an attractive home to brokers that are sought by many traders. Here you will find a list of brokers that either chose to open an office in this country or were founded here. Canadian Forex brokers are open to residents of almost every country in the world. You will find 8 brokers listed in the table below.

FX-Trader Trader Workstation.

CFTC/NFA, 0258600 FCA (UK), 208159 SEC (US), 8-47257.

MetaTrader 4 Oanda Platform Web Trading.

CFTC/NFA, 0325821 FCA (UK), 54257 FSA (Japan), 1571 Kanto Local Finance Bureau (Japan), 2137.

MetaTrader 4 MirrorTrader Active Trader ZuluTrade NinjaTrader.

ASIC, 309763 CONSOB (Italy), 76 DMCC (Dubai), 31171 FCA (UK), 217689 ISA (Israel), 2 SFC (Hong Kong), AIM232.

QuestradeFX PRO QuestradeFX QuestraderELITE QuestraderPRO QuestraderWEB.

CFD Platform Spread Betting Platform CFD Trader.

FCA (UK), 173730.

When you are to choose a broker by its location, these reasons may turn your attention towards a Canadian one:

You reside in Canada. You will get better and faster service from a local company. Due to some complicated rationalization you believe that the Canadian FX regulatory laws will be good for your currency trading.