Best Canadian Forex Broker List

Our May 2022 Canadian best forex broker list is.


TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com
Our Rating
8.33
8.17
8.17
7.26
7.0
TMGM don't provide % of clients who lose money
Lowest Commissions
64% of retail investor accounts lose money when trading CFDs
76.6% of retail investor accounts lose money when trading CFDs
72% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com
IIROC (Canada)
Other Regulators

Brokerage

Feature
TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com
EUR/USD Avg. Raw Spread
0.10
0.02
-
-
-
GBP/USD Avg. Raw Spread
0.42
0.09
-
-
-
AUD/USD Avg. Raw Spread
0.21
0.50
-
-
-
EUR/USD Standard Spread
1
-
-
1.1
1.30
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.50
$2.25
0.08%-0.2%
$7.00
$2.00-$6.00
Minimum Deposit
$100
$0
$0
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
5+
12+
8+
3+
4+
No Funding Fees

Markets and Instruments

Feature
TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com
Currency Pairs
60+
90+
105+
71+
80+ (Standard Account)
58+ (DMA)
Cryptocurrency CFDs*
12+
8+
-
-
8+
Index CFDs
15+
10+
26+
16+
15+ (Standard Account)
Share CFDs
12,000+
-
1000+
-
220+ (Standard Account)
Commodities CFD
5+
16+
4+
29+
26+
Stockbroking
-
-
50,000+
-
-
Retail Max. Leverage (Canada)
-
-
Major Pairs 62.5:1
Minor Pairs 33:1
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs 33:1
Minor Pairs 17:1
Pro. Max. Leverage (Canada)
-
-
-
-
-
Retail Max. Leverage (With offshore regulators)
500:1
500:1
-
-
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Servers in Tokyo TY3
Industry low commission fees
125 Markets, 31 Countries, 22 Currencies
Internationally Regulated
Owned by Capital Gains

Overall

TMGM
Fusion Markets
Interactive Brokers
Oanda
Forex.com