Top Forex Brokers in Canada
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DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships.Unlike in the US where traders are permitted to deposit money with nationally-licensed 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).
Min. Deposit
$10
Bonus
Sign Up - 20%
Trading Platform
MetaTrader 4, MetaTrader 5
Max. Leverage
Flexible Leverage
Regulation
CySEC, FCA, FSC
Best all-around: high floating leverage + fast execution
Hybrid execution model + scalping, hedging and more trading options
Alpari International Review
Min. Deposit
$5
Bonus
50%
Trading Platform
MetaTrader 4, MetaTrader 5, Web-based, Other
Max. Leverage
N/A
Regulation
FSC
Hybrid execution model + scalping, hedging and more trading options
Min. Deposit
$50
Bonus
None
Trading Platform
MetaTrader 4, Proprietary platform
Max. Leverage
1:50
Regulation
CFTC, FCA, NFA, FSA, ASIC, IIROC, SFC, CIMA, MAS
Min. Deposit
$100
Bonus
None
Trading Platform
MetaTrader 4, Proprietary platform, Web-based
Max. Leverage
1:50
Regulation
IIROC
Competitive spreads + deposit insurance up to 1 million CAD
Min. Deposit
$1
Bonus
None
Trading Platform
MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
Max. Leverage
1:400
Regulation
CySEC, FSC, BVI
600+ Instruments, Canadian Stocks, Spreads from 0.4 pip