Best Forex Brokers In Canada

The best Canadian forex trading platforms in Oct 2022 are.

Brokers Regulated By IIROC
  • friedberg direct avatrade logo AvaTrade – Best Forex Broker In Canada With Fixed Spreads
  • oanda logo OANDA – Best high leverage Canadian forex broker
  • interactive brokers logo Interactive Brokers – Top IIROC Regulated Forex Broker
  • forex.com logo Forex.com – Great Range Of Currency Pairs And CFDs
  • CMC Markets CMC Markets – Top Canadian Forex Broker For Beginners
  • questrade logo Questrade – Good All-In-One Trading Broker
Accepting Canadian Traders
  • TMGM TMGM – Best Forex Broker Overall
  • eightcap logo Eightcap – The Top Cryptocurrency Forex Broker
  • Fusion Market Fusion Markets – Lowest fee broker offering CAD account
  • FP Markets FP Markets – Best Forex Broker For Canadian Traders

TMGM
Fusion Markets
Friedberg Direct AvaTrade
Oanda
Forex.com
Our Rating
8.33
8.17
8.33
8.83
7.0
IRESS Trading Platform For Shares
Industry low commission fees
Fixed Spreads
Internationally Regulated
Owned by Capital Gains

Regulations and Licenses

Feature
TMGM
Fusion Markets
Friedberg Direct AvaTrade
Oanda
Forex.com
IIROC (Canada)
VFSA (Vanuatu)

Brokerage

Feature
TMGM
Fusion Markets
Friedberg Direct AvaTrade
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
1.0
-
0.90
1.1
1.30
EUR/USD Fixed Spreads
-
-
0.90
-
-
Commissions (USD Base)
$3.50
$2.25
-
$7.00
$2.00-$6.00
Minimum Deposit
$100
$0
$100
$0
$100
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
5+
12+
7+
3+
4+
No Funding Fees

Markets and Instruments

Feature
TMGM
Fusion Markets
Friedberg Direct AvaTrade
Oanda
Forex.com
Currency Pairs
60+
90+
37+
70+
82+ (Standard Account)
60+ (DMA)
Cryptocurrency CFDs*
12+
10+
-
-
-
Index CFDs
15+
10+
18+
16+
17+
Share CFDs
12,000+
-
589+
-
1000+
Commodities CFD
5+
16+
12+
7+
26+
Stockbroking
-
-
-
-
-
Retail Max. Leverage (Canada)
-
-
Major Pairs 33:1
Minor Pairs 17:1
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
400:1
-
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
TMGM
Fusion Markets
Friedberg Direct AvaTrade
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

Overall

TMGM
Fusion Markets
Friedberg Direct AvaTrade
Oanda
Forex.com
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.33 FMA, VFSA
ASIC
0.10 0.42 0.21 180ms $100 60+ 12+ 200:1 200:1
Visit Broker > 8.17 ASIC, VFSA 0.02 0.09 0.50 110ms $0 90+ 10+ 500:1 500:1
Visit Broker > 8.33 IIOC, FSCA
ADGM, CBI
- - - 160ms $100 37+ - 33:1 33:1
Visit Broker > 8.83 IIROC - - - 120ms $0 70+ - 50:1 100:1
Visit Broker > 7.0 IIROC, FCA - - - 140ms $100 82+ (Standard Account)
60+ (DMA)
- 33:1 33:1
Visit Broker > 8.50 ASIC, SCB 0.06 0.73 0.27 115ms $100 40+ 250+ 30:1 500:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.60 0.40 95ms $100 63+ 4+ 30:1 500:1