city

Top Forex Brokers

Top Brokers in Canada

There are several ways to join online forex trading in Canada: you can choose a broker that regulated locally or search for an offshore Forex broker, which accept Canadian clients.

However if you are in Alberta, Quebec or British Columbia, you are restricted to trade Forex by ASC, BCSC.Retail traders living in other Canadian provinces are allowed to trade forex as long as it is through a Canadian-regulated broker.
However, there is nothing illegal about a Canadian citizen using an offshore broker and local regulator does not stop traders to do so.

Trading conditions are certainly a significant part of forex trading and offshore fxbrokers offer much more opportunities for traders vs IIROC in Canada so here we would like to let you know if the difference is that important:

  • Offshore brokers offer much higher leverage, while local companies offer up to 200
  • Better spreads in general and during news release Example: Let say your daytime spread with Canadian broker is 2 pips while Some offshore brokers offers spread up to 1 pip. You trade 100 lost per a month, so it means you economies 1000$ just on spreads with offshore broker!
  • Minimize the tax burden
  • Lower commission for trading, some broker don’t have such commission at all
  • Auto trading has more possibilities
  • More trading styles are available

Here is the list of the very best Canadian trader friendly Forex Brokers.

  • 7 years on the market
  • Cent\Mini\Fix-spread\Standard
  • Spreads from 0.3
  • No commission for trading
  • Trade American stocks, 60+ currencies, commodities
  • Leverage 1:500 (stable)
  • 5 years on the market
  • Classic\Pro
  • Spread from 0,1
  • Commission from 3,5$
  • Trade Forex, CFDs & Spot Metals
  • Leverage up to 1:200
  • 25 years on the market
  • Classic\Premium\Platinum
  • Spreads from 0.2
  • Commission from 5 £
  • Trade Forex, Forex Options, Stocks, Stock Options, Futures, Contract Options, BONDs, ETFS & ETCS
  • Leverage up to 1:50
  • 6 years on the market
  • Zero\Fix\Premium account
  • Spreads from 1 pip or from 0 + 4$ commission
  • Trade Forex, Shares, Indexes, Commodities
  • Leverage up to 1:1000
  • 6 years on the market
  • ECN account
  • Spreads from 2 pips
  • No commission for trading
  • Trade Forex, Shares, Indexes, Commodities
  • Leverage up to 1:100-1:3000 (depends on account balance)