Top 5 Forex Brokers In Canada

The best Canada forex brokers that accept Canadian traders are:Best-Forex-Brokers-Canada -Snippet-Image

  • Fusion Markets – Lowest fee forex broker offering CAD account
  • Interactive Brokers – Best IIROC Regulated ECN Broker
  • Forex.com – The best range of currency pairs and CFDs
  • OANDA – Best leverage for Canadian forex broker
  • Friedberg Direct – Best MT4 forex trading platform

Broker Reviewed

Fusion Markets X
Interactive Brokers
Oanda
Forex.com
Friedberg Direct
Our Rating
8.17
8.17
7.26
7.28
6
Lowest Trading Fees
66% of retail investor accounts lose money when trading CFDs
73.5% of retail investor accounts lose money when trading CFDs
72% of retail investor accounts lose money when trading CFDs
73.05% of retail investor accounts lose money when trading CFDs

Brokerage

Feature
Fusion Markets X
Interactive Brokers
Oanda
Forex.com
Friedberg Direct
Commissions (USD Base)
2.25
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
CAD$7
CAD$2 to $6
CAD$14.00-$18
Round-turn
Commission Rebates
Minimum Deposit
$0
$0
$0
CAD$100
CAD $50
Swap Free Account
No Inactivity Fees
Funding Methods
5
USA: 6
CAN: 8
3
4
2
No Funding Fees

Markets and Instruments

Feature
Fusion Markets X
Interactive Brokers
Oanda
Forex.com
Friedberg Direct
Currency Pairs
90+
105+
71+
80+ Standard Account
58 DMA
39+
Cryptocurrency CFDs
5+
Index CFDs
10+
26+
16+
15+ Standard Account
Cross DMA Account
13+
Share CFDs
1000+
220+ Standard Account
Cross DMA Account
Commodities CFD
16+
29+
12+ Standard Account
Cross DMA Account
9+
Stockbroking
50,000+
Retail Max. Leverage
500:1
USD N/A
CAN 43:1
50:1
50:1
20:1
Professional Leverage
500:1
N/A
50:1
50:1
20:1

Trading Platforms + Tools

Feature
Fusion Markets X
Interactive Brokers
Oanda
Forex.com
Friedberg Direct
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
xross
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Demo Account
Unique Feature 1
Lowest Fees
125 Markets
31 Countries
22 Currencies
Internationally Regulated
Owned by Capital Gains
Trading Station Platform
Unique Feature 2
CAD Accounts
Earn interest on idle cash balances
Execution Speed
under 10 millisecond
Variable Commission with
STP + DMA Execution
Powered By FXCM Technology

Overall