Compare Forex Brokers In Canada

The August 2022 best Canadian forex broker list is.

Brokers Regulated By IIROC
  • Friendberg Direct AvaTrade Avatrade - Best Broker Overall
  • Friedberg direct with fxcm FXCM - Has Great Trading Platform Features
  • oanda logo Oanda - Top Broker With MetaTrader 4
  • forex.com logo Forex.com - Good Broker For Low Spreads
  • fortrade logo Fortrade - Good Broker For Low Spreads

Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets
Our Rating
8.33
7.93
7.26
7.0
7.17
Fixed Spreads
Excellent performance and slippage metrics supplied
Internationally Regulated
Owned by Capital Gains
330 Spot And Forward Currency Pairs

Regulations and Licenses

Feature
Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets
IIROC (Canada)

Brokerage

Feature
Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets
EUR/USD Avg. Raw Spread
-
0.22
-
-
-
GBP/USD Avg. Raw Spread
-
0.80
-
-
-
AUD/USD Avg. Raw Spread
-
0.40
-
-
-
EUR/USD Standard Spread
0.90
1.3
1.1
1.30
0.73
EUR/USD Fixed Spreads
0.90
-
-
Commissions (USD Base)
-
$3.00
$7.00
$2.00-$6.00
-
Minimum Deposit
$100
$300
$0
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
7+
8+
3+
4+
6+
No Funding Fees

Markets and Instruments

Feature
Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets
Currency Pairs
37+
39+
70+
82+ (Standard Account)
60+ (DMA)
339+
Cryptocurrency CFDs*
-
-
-
-
-
Index CFDs
18+
12+
16+
17+
95+
Share CFDs
589+
-
-
1000+
9,451+
Commodities CFD
12+
9+
7+
26+
111+
Stockbroking
-
-
-
-
9,451+
Retail Max. Leverage (Canada)
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs: 52:1
Minor Pairs 16:1
Retail Max. Leverage (With offshore regulators)
400:1

0-50k = 400:1
50k+ = 200:1
-
-
30:1

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

Trading Platforms + Tools

Feature
Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets
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
Choice of social trading tools
Large range of trading platforms
$0 Commission On CFD Shares

Overall

Friedberg Direct AvaTrade
Friedberg Direct With FXCM
Oanda
Forex.com
CMC Markets