6 Best Forex Brokers in Canada for 2026
The Canadian trading landscape is dynamic and evolving. More and more international brokers are looking to expand their operations there, but not everyone is authorized to serve local clients. And even fewer forex brokers are licensed and regulated by the country’s national regulator – the Canadian Investment Regulatory Organization (CIRO).
- How this list works. Our editors choose brokers that meet this page's criteria and impressed us in testing. The list is not in score order. Brokers pay to appear on our site, which can affect which brokers we feature and where. No broker can pay to change a score or a verdict.
- The authority on broker reviews since 2011. Traders have relied on our independent testing for over a decade.
- 70+ brokers tested. We test leading brokers the same way, so we can compare them fairly.
- Every broker takes the same test. One published scoring system, with 9 weighted categories and 250+ variables, all measured hands-on by our analysts.
- Key facts are checked before publishing. An editor re-checks licenses, spreads and fees against our test data.
We also understand that choosing a reliable forex broker can be daunting, requiring extensive research and head-scratching. That’s why we’ve cut out your work for you by scanning all the forex brokers serving clients in Canada and cataloging only the best of the best across several major categories.
List of Top Forex Brokers and Trading Platforms in Canada
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
 MultiBank Group | 4.5 | 4.0 | $50 | 1:500 (TFG) 1:30 (ASIC) · 1:500 (SCA) · 1:20 (MAS) · 1:30 (BaFin) · 1:30 (CySEC) · 1:500 (BVI FSC) · 1:1000 (CIMA) · 1:30 (FMA) · 1:500 (FSA) · 1:30 (AUSTRAC) · 1:500 (VARA) · 1:500 (VFSC) · 1:500 (FSCM) | MT5, MT4, MultiBank App | All forms of investment carry risk including an investor not recovering the amount invested. These services may not be suitable to all. |
 FXCC | 4.2 | 4.4 | $0 | 1:1000 (MISA) 1:30 (CySEC) | MT4, MT5 | Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. |
 PU Prime | 4.3 | 3.6 | $20 | 1:1000 (FSCA) 1:1000 (FSCM) · 1:1000 (FSA) · 1:1000 (CMA UAE) · 1:30 (ASIC) | MT5, MT4, PU Prime App, PU Web Trader, PU Copy Trading | Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. |
 AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:400 (ADGM) · 1:30 (ASIC) · 1:200 (BVI FSC) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) · 1:30 (CBI) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
 FP Markets | 4.6 | 4.1 | $0 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:500 (FSCA) · 1:400 (CMA) · 1:30 (ASIC) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
 OANDA | 4.4 | 3.9 | $0 | 1:30 (FCA) 1:25 (FFAJ) · 1:20 (MAS) · 1:50 (CIRO (IIROC)) · 1:50 (CFTC) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (KNF) | MT5, MT4, OANDA Trade Web Platform | Your capital is at risk. Spreadbetting only available in UK. |
How Did FXEmpire Choose the Best Forex Brokers in Canada?
- Regulation: I reviewed brokers’ licenses and safety policies and listed only the entities authorized to serve traders in Canada that also adhere to the best safety practices.
- Competitive Fees: I measured brokers’ spreads, commissions, and swaps and selected only those with the most favorable terms.
- Robust Trading Software: Only the brokers with the biggest and most diverse trading platform stacks made the final cut.
- Diverse Range of Trading Assets: I counted the available assets with each broker and awarded extra credit to brokers whose offerings exceeded the industry average and comprised instruments from different markets.
Best Overall
- $50Min Deposit
- 14187Tradable Instruments
- MediumFees
Why We Picked It
Right off the bat, we start with one of the better-known names in international trading. MultiBank holds multiple licenses from global regulators and stands out with its adherence to client safety. From my research, I learned that the broker entity serving traders in Canada provides $1 million in fund coverage under a Civil Liability Insurance policy.
Regional Features:
- Entity for Canadian Traders: MEX Atlantic Cooperation, licensed and regulated by CIMA (Cayman Islands)
- Available Platforms: MultiBank App (web and mobile), MT4, MT5
- Maximum Leverage: 1:1000
- Supporting Tools: VPS, FIX API
Canadian clients of MultiBank can enjoy one of the largest selections of instruments in the industry. The broker offers more than 14,200 assets across currency pairs, commodities, stocks, indices, and cryptocurrencies. The bulk of the offering is comprised of 14,100 stocks, making MultiBank an excellent choice for stock traders in Canada.
Stock traders will also enjoy MultiBank’s favorable prices. I captured a 12-cent spread on Apple shares and a 35-cent spread on Tesla shares, both beating the industry average. My live tests also showed that MultiBank offers low costs on FX Crosses, like the GBPJPY, and indices. Commodity prices are also kept low, but FX Majors and cryptocurrencies are a different story. I captured a $40 BTCUSD spread, shooting above the industry average of $35.
MultiBank’s trading platforms and tools offering is another strong point of the broker. I gave the MultiBank App web trader a spin and appreciated its advanced charting, a clean interface, and integrated market research.
Pros and Cons
- 14,200+ assets for trading
- Competitive pricing
- FIX APIs
- Free VPS hosting
- Market analytics and trading signals
- High spreads on EURUSD and BTCUSD
Best Low Spreads
- $0Min Deposit
- 1042Tradable Instruments
- LowFees
Why We Picked It
FXCC breaks the mold of low-cost trading by offering some of the most competitive spreads in the industry. My research of the Cyprus-based forex broker, which was established in 2010, shows that FXCC beats the industry average across most instruments it offers.
Regional Features:
- Entity for Canadian Traders: Central Clearing Ltd, licensed and regulated by MISA (the Comoros Union)
- Available Platforms: MT4 and MT5
- Maximum Leverage: 1:500
- Supporting Tools: VPS hosting
Using FXCC’s universal trading account, I captured the broker’s spreads on popular instruments during the London and New York market openings. The first thing that stood out to me about the ECN XL account by FXCC was its unique pricing mechanism. It features raw spreads from 0.0 pips and zero commissions.
The highlights of my testing were the 0.0-pip EURUSD and 1.0-pip GBPJPY spreads I captured on FXCC’s MT5 platform. These impressive numbers make FXCC one of the premier options for forex trading. I also observed below-average costs on commodities and indices. The only outlier of my testing was the $60 BTCUSD spread I recorded.
FXCC integrates the standard suites of the MT4 and MT5 platforms, which can be enhanced using the broker’s free Virtual Private Server (VPS) hosting for low-latency trading. Canadian traders can use it to speed up their execution. The tool allows you to achieve average execution speeds of around 5-10ms.
Pros and Cons
- Low spreads, especially on forex pairs
- Zero commissions
- Free VPS hosting
- No minimum deposit requirement
- No alternatives to MetaTrader
Best for Copy Trading
- $20Min Deposit
- 1073Tradable Instruments
- HighFees
Why We Picked It
PU Prime delivers enhanced copy trading solutions to Canadian traders via its versatile PU Trading App. I downloaded the app from the Google store and had it up and running in a couple of minutes. It connects signal providers and signal followers seamlessly and enables cost-free copy trading.
Regional Features:
- Entity for Canadian Traders: PU Prime Ltd, licensed and regulated by the FSC (Mauritius)
- Available Platforms: PU Web Trader, MT4, MT5
- Maximum Leverage: 1:1000
- Supporting Tools: Autochartist
I used the PU Trading App to access the broker’s leaderboard of signal providers. It was very easy to use the filters to screen the available strategies by their performance. You too can sift through all trading systems by their average returns, maximum drawdown, trade frequency, and more.
Signal followers who replicate other traders’ strategies do not have to pay any servicing fee to PU Prime. However, they may encounter a subscription fee set by the signal provider, and also have to pay the spreads and commissions arising from the trading activity. In turn, signal providers are allowed to choose their own subscription fee rates.
I also learned that PU Prime offers content by Autochartist – one of the biggest and most trusted signal providers in the industry. It features actionable trading signals that can be replicated in just a few clicks.
Pros and Cons
- Mobile copy trading via the PU Trading App
- Cost-free copy trading
- Acceptable spreads
- Autochartist research content
- No alternatives to MetaTrader
Best for Beginners
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
AvaTrade is my pick as the best beginner-friendly broker in Canada thanks to its low-deposit accounts starting from $100, reliable customer support, favorable prices, and intuitive platforms. But what really takes the cake is AvaTrade’s extensive offering of learning materials for first-time traders wanting to learn the ropes.
Regional Features:
- Entity for Canadian Traders: Ava Trade Markets Ltd, licensed and regulated by the FSC (British Virgin Islands)
- Available Platforms: Ava Web Trader, AvaOptions, AvaSocial, MT4, MT5, DupliTrade
- Maximum Leverage: 1:200
- Supporting Tools: MetaTrader add-ons, Trading Central
I gave AvaTrade’s educational offering top scoring for its breadth and diversity. The standout feature of the learning academy was the 400+ past webinar episodes that zoom in on essential trading concepts. You can use them to learn in depth about technical analysis, fundamental analysis, risk management, and trading psychology.
I also scanned AvaTrade’s educational courses, which will keep you busy for days. The content spans 27 individual lectures and has a total runtime of more than 200 minutes. Learn how to read price action behavior, how to protect your market exposure using stop-loss orders, how to interpret major economic trends, how to adopt the proper trading attitude, and much more.
But AvaTrade does not stop there. It delivers a strong lineup of trading platforms serving novices, including its intuitive Ava Web Trader, AvaSocial, and DupliTrade. The last two accommodate social and copy trading.
Pros and Cons
- Comprehensive educational content
- Website, products, and services tailored to Canada.
- Intuitive AvaWebTrader and AvaTrade App
- Low-deposit accounts from $100
- Limited payment options
Best for Professional Traders
- $0Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
FP Markets caters to professional traders with its specialized accounts and range of sophisticated platforms. The broker also passed my tradable instruments testing with flying colors. I learned that it offers more than 10,000 assets across different markets via the advanced-grade Iress platform.
Regional Features:
- Entity for Canadian Traders: First Prudential Markets Ltd, licensed and regulated by the FSA (Seychelles)
- Available Platforms: MT4, MT5, cTrader, TradingView, Iress, Mottai
- Maximum Leverage: 1:500
- Supporting Tools: MT add-ons, Trading Central, and Autochartist content
I checked FP Markets’ professional account conditions and learned that traders from Canada have to meet at least two of the following three criteria to qualify. They must have an investment portfolio of at least EUR 500,000, have at least one year of professional experience in the financial industry, or have executed at least 20 trades per quarter of sufficient volume over the past 4 quarters.
I also reviewed FP Markets’ execution performance reports and discovered that the broker averages order execution speeds of around 40ms globally. This outpaces the industry benchmark of 60ms and accommodates the needs of high-frequency traders.
From FP Markets’ impressive stack of trading platforms, I can recommend cTrader as the best option for professionals. Its greatest perk is the built-in coding environment, which experienced traders can use to program their own algorithms.
Pros and Cons
- Dedicated professional accounts
- 10,000+ tradable instruments
- Fast order execution speeds
- Powerful cTrader platform for algo trading
- No VPS/FIX APIs
Best Trading Platform
- $0Min Deposit
- 2337Tradable Instruments
- MediumFees
Why We Picked It
OANDA is the only broker on our list to be licensed by Canada’s national regulator, CIRO. Under its regulatory framework, OANDA is required to keep client funds in segregated accounts and guarantee negative balance protection. I also learned that the retail leverage is capped at 1:50, while OANDA clients are ensured by up to CAD 1 million under CIPF.
Regional Features:
- Entity for Canadian Traders: OANDA (Canada) Corporation ULC, licensed and regulated by CIRO (Canada)
- Available Platforms: OANDA Trade Web Platform, MT4, TradingView
- Maximum Leverage: 1:50
- Supporting Tools: Autochartist
Using a Canadian VPN, I checked OANDA’s website and its available trading instruments. I counted 68 major, minor, and exotic currency pairs, 34 commodities and indices (available as CFDs and futures), and 21 metals contracts. I also learned that the broker provides gold and silver contracts denominated in CAD, so that local traders can trade the precious metals without incurring a conversion fee.
I also gave the OANDA Trade Web Platform a spin and enjoyed its high-definition charts. Its chart visuals are powered by TradingView, which means easy scalability and great detail.
I then reviewed the parameters of OANDA’s universal trading account. It has no minimum deposit requirement and features an all-inclusive spread. It includes the full stack of trading platforms offered by OANDA and offers FIX APIs for Direct-Market-Access (DMA) trading. In layman’s terms, DMA trading allows you to obtain raw spreads and achieve faster execution on average.
Pros and Cons
- Regulated by CIRO
- $0 deposit accounts
- Powerful trading platform
- FIX APIs trading for DMA
- Narrow range of trading instruments
All Brokers That Accept Clients from Canada
| Broker | Entity for Canada | Max Leverage | Score | Fees Score | Min Deposit | Platforms | Visit Broker |
|---|---|---|---|---|---|---|---|
IG International Limited BMA Bermuda | 1:200 | 4.7 | 3.8 | $50 | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money | |
First Prudential Markets Limited FSA Seychelles | 1:500 | 4.6 | 4.1 | $0 | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. | |
Ava Trade Markets Ltd BVI FSC Virgin Islands, British | 1:200 | 4.5 | 4.2 | $100 | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. | |
FOREX.com Canada Ltd. CIRO (IIROC) Canada | 1:50 | 4.5 | 3.7 | - | MT4, WebTrader | 72.5% of retail investor accounts lose money when trading CFDs with this provider. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:500 | 4.5 | 4.4 | $0 | MT4, MT5, cTrader, TradingView, DupliTrade | All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable for everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance. | |
Hantec (Seychelles) Services Limited FSA Seychelles | 1:1000 | 4.5 | 4.2 | $10 | MT4, MT5, Hantec Mobile, Hantec Web Trader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Interactive Brokers Canada Inc. CIRO (IIROC) Canada | 1:50 | 4.5 | 4.6 | $0 | IBKR Client Portal, IBKR Desktop, IBKR App, Trader Workstation (TWS), GlobalTrader App | Your capital is at risk | |
MEX Atlantic Corporation CIMA Cayman Islands | 1:1000 | 4.5 | 4.0 | $50 | MT5, MT4, MultiBank App | All forms of investment carry risk including an investor not recovering the amount invested. These services may not be suitable to all. | |
Startrader Financial Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $50 | MT5, MT4, STARTRADER App | All investments entail risks and may result in both profits and losses. I | |
VT Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $100 | MT5, MT4, VT Markets app, TradingView | Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks. | |
XTB International Limited IFSC Belize | 1:500 | 4.5 | 4.3 | $0 | xStation 5 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. | |
Notesco (BVI) Limited BVI FSC Virgin Islands, British | 1:2000 | 4.4 | 4.0 | $50 | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. | |
OANDA (Canada) Corporation ULC CIRO (IIROC) Canada | 1:50 | 4.4 | 3.9 | $0 | MT5, MT4, OANDA Trade Web Platform | Your capital is at risk. Spreadbetting only available in UK. | |
Trademax Global Limited VFSC Vanuatu | 1:1000 | 4.4 | 4.1 | $100 | MT4, MT5, TMGM Mobile App, HubX | 80.26% of retails CFD accounts lose money. | |
IUX Markets (MU) LTD FSCM Mauritius | 1:3000 | 4.3 | 4.9 | $30 | MT5, IUX Web Trade, IUX App Trade | This website is not designed to encourage or promote trading activities. Please note that leveraged margin trading and binary options carry significant risks, including the potential for rapid financial losses. | |
Royal CM Limited VFSC Vanuatu | 1:1000 | 4.3 | 3.5 | $0 | MT4, MT5 | Your capital is at risk. | |
PU Prime Ltd FSCM Mauritius | 1:1000 | 4.3 | 3.6 | $20 | MT5, MT4, PU Prime App, PU Web Trader, PU Copy Trading | Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. | |
YWO (CM) Ltd MISA Comoros | 1:1000 | 4.3 | 4.4 | $10 | MT5 | Trading our products involves margin trading and carries a high level of risk, including the potential loss of your entire capital. These products may not be suitable for all investors. You should fully understand the risks involved before trading. | |
FP Trading Ltd FSRA Finland | 1:500 | 4.2 | 4.7 | - | MT4, MT5, cTrader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There is a possibility to lose all your initial capital. The legal documents should be considered before entering into transactions with us. | |
Central Clearing Ltd MISA Comoros | 1:1000 | 4.2 | 4.4 | $0 | MT4, MT5 | Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:2000 | 4.2 | 4.0 | $50 | MT4, MT5, FXT WebTrader, FXTrading App | Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should carefully consider the appropriateness of advice in light of his or her financial circumstances and should carefully review the Product Disclosure Statement regarding the relevant financial product as provided by your investment broker. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement, right or obligation to the underlying financial asset. | |
Mitrade International Ltd FSCM Mauritius | 1:200 | 4.2 | 3.8 | $20 | Mitrade Trading Platform, Mitrade Mobile App | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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. | |
First Interstellar Global Ltd FSA Seychelles | 1:500 | 4.1 | 3.2 | $0 | MT4, MT5, FISG App | Forex and CFD trading involve a significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. Trading foreign exchange and leveraged financial products has high risks and may cause you to lose your principal. You should not take the risk of loss more than you can afford and please ensure that you fully understand the risks involved. Trading leveraged products is not suitable for all investors. Trading unleveraged products such as shares also involves risk as the value of shares can go down as well as up, meaning you may get back less money than you originally invested. Past performance is no guarantee of future results. Before trading, please consider your level of experience, investment objectives and seek independent financial advice if necessary. It is the customer’s responsibility to ensure that the legal requirements of his/her country of residence allow him/her to use the services provided by the Interstellar Financial Group Limited. | |
TIO Markets Ltd MISA Comoros | 1:1000 | 4.1 | 3.8 | $20 | MT4, MT5 | Trading on margin comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. | |
Alchemy International Ltd FSA Seychelles | 1:500 | 4.0 | 3.2 | $1000 | MT4, MT5, TradingView | All instruments offered by Alchemy Markets are traded as CFDs. We offer only commission-free trading on Forex, Indices, and Metals for Classic, Premier and Demo accounts. For more information on our charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit our product pages and sheets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with us. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
AMarkets LTD MISA Comoros | 1:3000 | 4.0 | 2.4 | $100 | MT5, MT4, AMarkets App | Your capital is at risk | |
4xCube Ltd FSC CA Cook Islands | 1:500 | 3.9 | 3.6 | $50 | MT5, MT4 | Online trading with margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with 4XC, retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by 4XC, any affiliates of aforementioned firms, or other firms within 4XC of companies [collectively the “4xCube Ltd”], carefully consider your financial situation and experience level. 4xCube Ltd may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. 4xCube Ltd assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on 4xCube Ltd websites prior to taking further action. | |
Evalanch Ltd FSA Seychelles | - | 3.9 | 3.9 | $10 | MT5 | “Contract for Differences” (CFDs) are usually leveraged products. Trading Over-The-Counter (OTC) CFDs related to commodities, Forex, Indices and Shares, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be appropriate and/ or suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with OTC CFDs trading, and seek advice from an independent and suitably licensed financial advisor. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. General information and/ or recommendations provided by the Company should not be interpreted as investment advice. For more information please visit our General Risk Disclosure Policy. Disclaimer: Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. | |
DLS Markets Limited VFSC Vanuatu | - | 3.7 | 4.1 | $100 | MT5, MT4, DLSM GO App | Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all traders. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. | |
Anzo Capital Limited (SVG) LLC | 1:1000 | 3.6 | 3.6 | $50 | MT4, MT5 | Investing in leveraged products carries significant risks and is not suitable for all investors. You could lose more than your deposits. | |
Equitex Capital Limited FSA Seychelles | 1:500 | 3.6 | 3.0 | $100 | MT5 | Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the- counter derivatives carries significant risks and is not suitable for all investors. | |
TradeSmart Capital Limited | 1:2000 | 3.3 | 4.5 | $50 | MT5 | Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. | |
DuraMarkets Ltd MISA Comoros | 1:500 | 3.2 | 3.9 | $10 | MT5, MT4 | CFDs and margin trading carry a very high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any amount due from your end, in the course of trading. Hence, you should ensure that you’ve fully understood the risks involved and invest the amount that you are willing to lose. |
This guide covers brokers that accept clients from Canada. For the full ranking across all countries, see our best forex brokers worldwide.
Best Forex Brokers in Other Countries in the Americas
Each guide ranks the brokers we tested that accept clients in that country, under its own regulation.
Not from Canada? See the best forex brokers worldwide or all our country guides.
Where to Go Next
More of our best-broker guides, grouped by what you trade, the platform you use, how you trade and where you trade from.
All the Brokers We Tested
Update History
About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has edited and fact-checked more than 350 broker reviews and guides. She continually refines FXEmpire’s proprietary broker rating system and keeps a close eye on industry trends, making sure our reviews reflect the latest changes in the market.
- List of Top Forex Brokers and Trading Platforms in Canada
- How Did FXEmpire Choose the Best Forex Brokers in Canada?
- Best Overall
- Best Low Spreads
- Best for Copy Trading
- Best for Beginners
- Best for Professional Traders
- Best Trading Platform
- Best Forex Brokers in Other Countries in the Americas
- Where to go next
- All the Brokers We Tested
- Update History