The Canadian Investment Regulatory Organization (CIRO) regulates trading activity in Canada and was originally called the IIROC. On their corporate website, they state that dealer members are required to be a member of the Canadian Investors Protection Fund (CIPF) established in 1969. This protects traders if the broker becomes insolvent as explained on the CIPF website.

Best Forex Brokers Regulated By CIRO

Our list of the top forex trading platforms is:

Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
81 FCA, CIRO, ASIC
MAS, JFSA, FSC-BVI
KNF, NFA/CFTC, MFSA
0.6 0.9 0.7 - - - - - $0 70+ 4+ Visit Site
61 CIRO, FCA, NFA, CFTC, MAS, JFSA, CIMA 1.2 1.5 1.4 - - - $7.00 30 ms (May 2023) $100 80+ - 33:1 33:1 Visit Site
70 ASIC, FCA
FSCA, CIRO
1.3 1.4 1.7 0.22 0.80 0.40 $3.00 150ms $300 39+ - 30:1 Visit Site
69 ASIC, FCA
MAS, CIRO
1.12 1.30 1.64 0.5 0.9 0.6 $2.50 138ms $0 339+ - 30:1 500:1 Visit Site
52 CIRO
NFA/CFTC,ASIC,FCA,MAS
- - - - 0.08%-0.2% 120ms $0 100+ - 30:1 Visit Site
71 ASIC, FCA, CySEC
FSA, EFSA, JSC
0.6 1 1 0.1 0.6 0.5 $3.0 132ms $100 122+ 37+ 30:1 500:1 Visit Site

1. OANDA

OANDA

Forex Panel Score

81

Average Spread

EUR/USD = 1.4
GBP/USD = 2
AUD/USD = 1.4

Trading Platforms

MT4, TradingView, OANDA Trade (fx Trade)

Minimum Deposit

$0

Why We Recommend OANDA

With a top score of 100/100 in our Trust category, OANDA’s long-standing reputation since 1996 and strict CIRO and FCA regulations ensure your trading is safe. We liked its OANDA Trade platform, which is remarkably user-friendly.

With OANDA Trade, you can start trading with small lot sizes, even less than a micro lot, as low as one currency unit. This flexibility offers a low-risk transition from demo to live trading, perfect for easing into risking your own funds.

Pros & Cons

  • Highest trust score broker
  • Requires no minimum deposit
  • Trade lower lot sizes than micro-lots
  • 24/7 customer support is not available
  • Does not offer share CFDs
  • No RAW Spread accounts

Broker Details

OANDA is one of the most trusted brokers with the best forex trading platform.

OANDA is one of the oldest forex companies on the market after being established in 1996. They offer a range of platforms, including the popular MetaTrader 4, TradingView, and their proprietary OANDA Trade. There is an array of useful trading tools powered by the platform TradingView to help analyse the markets.

Account Types

OANDA offers forex traders two account types, both with advantages based on your trading experience and skill level. Both of the accounts come with 24/5 support for customers and various features, as described below.

OANDA account types Canada

Standard Account

This account is popular for a forex trader with a smaller balance, as the minimum account balance is $0. You will get access to the full range of markets, including 70 FX pairs, and CFDs on major indices, commodities, metals, and bonds. We have listed some features below.

  • The full range of platforms, including web, desktop, MT4, and mobile applications available
  • Variable contract sizes (can go to 1 unit size) have advantages for small speculation trades
  • There is an option of having a joint account or a corporate account with multiple users. Unfortunately, there are inactivity fees if a user is not using their account for over 12 months

Execution Speeds

OANDA prides itself on its super-fast institutional-style execution speeds. As there is no dealer desk intervention, both platforms are 100% automatic, which will help maximise the speeds of the trades you place.

Despite the premium service to get your trade executed first, they execute most of their trades quick. The average speed for a trade to get executed is 0.012 seconds. Oanda makes it a key point to do no re-quotes and only reject a trade if it goes out of the specific bounds that you set.

oanda execution speed

Platforms

OANDA gives you the option of three different platforms. OANDA Trade, which comes complimentary with every account. The second is the popular MetaTrader 4 platform with the option of premium indicator plug-ins. The final platform is a new partnership with the social trading platform TradingView.

oanda Trade platform-overview

MetaTrader 4 (MT4)metatrader

MetaTrader 4 is the most popular forex platform on this list, as it has been called the ‘gold standard for trading platforms. It comes with a range of inbuilt features and optional plugins to suit your trading style. We have listed some of these features below.

  • Automated trading strategies from Expert Advisors (EAs) developed by third parties, or you can build your own
  • Over 50 different built-in indicators, 9 timeframes, and multiple displays
  • Option for a premium upgrade to use one-cancels-the-other (OCO) to catch a breakout or reversion trade

OANDA Tradeoanda logo

OANDA Trade is the award-winning flagship platform with powerful technology and features. This platform is available to all OANDA users and has a wide range of features, as listed below.

  • Personalised layouts to suit your trading preferences with multiple trading profiles and charting layouts
  • Market data on the most up-up-date news as it unfolds, with insights and analysis from large outlets
  • One-click trading straight from the charts makes trading a seamless experience

TradingViewBest Web-Based Trading Platform

This partnership is fairly new, as OANDA looked to expand on the ever-growing social trading industry. This trading software allows you to use the community features and powerful charts on TradingView in combination with OANDA’s fast execution speeds. We have listed some features below.

  • Identify and test strategies from either the community or your own using custom filters and indicators
  • A social community of over 15 million active investors and 6 million trading ideas to give you a better idea of where the sentiment in the market might be
  • Access hundreds of chart types and technical indicators on an easy-to-use charting layout

Final Verdict

We named OANDA not just the best CIRO regulated broker but they were the winner on our best forex broker in Canada list. On top of their competitive fees, strong customer support and trading experience they have no minimum deposit for traders making it easy to start testing the broker in a live environment.

View OANDA ReviewVisit OANDA

2. FOREX.com Top CIRO Broker With Solid All-around Offering

FOREX.com

Forex Panel Score

61

Average Spread

EUR/USD = 0.8
GBP/USD = 0.8
AUD/USD = 1.7

Trading Platforms

MT4, MT5, FOREX.com Trading Platform

Minimum Deposit

$100

Why We Recommend FOREX.com

We recommend FOREX.com as a top CIRO broker for its solid all-around offering. In our tests, it scored 60/100, showing strength in key areas like trading platforms and markets available.

You’ll benefit from low spreads, averaging one pip on EUR/USD, which means more of your money goes towards your trades, not fees.

Pros & Cons

  • Great selection of FX pairs
  • Provides decent market analysis for free
  • Low average spreads
  • Requires a minimum deposit
  • No weekend customer support
  • Lacks MetaTrader 4 platform

Broker Details

FOREX.com has over 80 currency pairs for trading

FOREX.com has experience in the online brokerage industry after servicing clients for 20+ years. They offer two different account types, including a standard and RAW Pricing account.

Account Types

FOREX.com offers two different account types for you to choose from each with different trading models. To open an account you need to choose one with the standard account having no commission (but higher spreads) which are the primary broker fees. The account type is the Raw Pricing account which offers very low spreads with a fixed commission. We recommend that higher volume or more advanced traders open the latter.

forex-com account types and products for canadian traders 1.2 pips

Standard Account

This account is perfect for the beginner or casual trader because of the simple no-commission cost structure. We have listed some more benefits below.

  • Access to over 80 forex pairs, 12+ commodities, and cryptocurrency markets
  • Typical spreads of 1.20 pips for EUR/USD forex pair
  • Opportunity to get up to 15% of cash rebates with Active Trader Program

RAW Pricing Account

FOREX.com’s RAW pricing account will appeal to experienced traders because of the lower spreads of their lower spreads. This account has spreads from 0 pips plus a commission of $14.00 round-turn per lot.

FOREX.com Gives Good Rebates For High-Volume Traders

If you trade at least 50 million in the month, you will be eligible for discounts through the FOREX.com active trader program. The more you trade, the greater the cash rebate which can see as much as 15% deposited into your trading account.

Cash Rebates with Forex.com

Platforms

FOREX.com offers a range of different platforms to either trade on or view the markets from. The first is their proprietary platform available as a web or mobile application. The second option is MetaTrader 4 platform available as a desktop application, web format, or for mobile devices on IOS or Android.

forex.com trading platforms canada

FOREX.com Web

This version has a range of features, including indicators, analysis tools, and account management features. We have listed some of these below.

  • Smart trading ticket to set orders based on P&L levels, pip amounts, or price to manage the risk to your portfolio on each trade
  • Personalize layouts to suit your trading style and preferences
  • Advanced charting tools including over 70 technical indicators and 50 drawing tools to give you an edge on reading the market

MetaTrader 4 (MT4)metatrader

MetaTrader 4 is the world’s most popular trading platform originally designed for the forex markets but now includes a multi-asset integration. We have listed some features below.

  • Expert Advisors (EAs) for auto-trading your strategies or from the MetaTrader community for a simpler trading experience
  • Real-time account data with no third-party bridges to hold up the refresh rate
  • Advanced tools and analysis with access to Reuters news reports, Forex.com research, and Trading Central technical analysis

3. Friedberg Direct Powered by FXCM Best Broker With Free Trading Tools

Friedberg Direct Powered by FXCM

Forex Panel Score

72

Average Spread

EUR/USD = 0.3
GBP/USD = 0.9
AUD/USD = 0.4

Trading Platforms

MT4, TradingView, Trading Station, Capitalise.ai

Minimum Deposit

$50

Why We Recommend FXCM

FXCM is a well-established forex broker, but what stands out for us is that FXCM offers over 50+ trading tools that can make your trading smoother. Among these tools, eFXPlus stands out, providing valuable FX picks and trade ideas from top major banks’ research desks.

With eFXPlus, you get access to insights from experts, helping you trade the forex market more confidently. You’re essentially getting access to investment bank-level research, and it’s all available to you for free.

Pros & Cons

  • Small trade sizes available
  • Wide choice of trading tools
  • NDD execution
  • Large minimum deposit
  • Limited customer support hours
  • No TradingView

Broker Details

Friedberg Direct Powered By FXCM Technology Spreads Are Sourced from the best providers

FXCM is a multi-regulated international forex broker that has partnered with Friedberg Direct, a subsidiary of Friedberg Mercantile Group Ltd, one of Toronto’s top asset management companies to offer online forex and derivatives trading to traders. We know this combined company as ‘Friedberg Direct Powered By FXCM Technology’ with FXCM offering the trading technology and clearinghouse and Friedberg Direct holding the CIRO licence and providing the CFD brokerage services.

Trading Accounts

Friedberg Direct Powered By FXCM Technology offers two trading accounts. With these accounts, you can access over 60 trading products including Forex, soft commodities, precious metals, energies, indices and treasuries.

When trading forex, you will need to pay a commission of $7.00 side-ways or $14.00 per standard (100,000) lot round turn for major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF. Minor and exotic pairs have a commission is $18.00 round-turn.

friedberg direct fxcm account types products brief canada

 

CFD Trading Products

Friedberg Direct Powered By FXCM Technology offers 39 currency pairs with leverage determined by CIRO regulation, which often changes. Leverage can be up to 50:1 but expect it to be lower, usually 33:1 or 22:1.

Other trading products include hard and soft commodities with corn, soy and wheat being options not found with many other CIRO regulated brokers. You can also trade indices and the Bund for treasuries. Stock is not available.

Platforms

Friedberg Direct, powered by FXCM Technology, has two different platforms to choose from. The first is ‘Trading Station’, which is an FXCM proprietary platform designed for forex and CFD trading only for FXCM clients. The second option is the more popular MetaTrader 4 (MT4) platform, which offers automated trading capabilities. We have gone into more detail below on the features of each platform.

friedberg-direct-powered by fxcm technology canada trading platform

MetaTrader 4

MetaTrader is one of the most popular trading platforms in the world since it is a standard offering from many brokerage firms. Its reach with traders makes the platform one of the safest choices you can make in choosing a platform. Key features include:

  • 3 types of order execution – profit target, stop loss and trailing stops
  • 30 inbuilt technical analysis indicators with the option of over 2000 free custom indicators and 700 paid indicators
  • Customisable charts
  • 9 Timeframes
  • 3 Chart types – Line, bar, candlesticks
  • 24 Graphical objects
  • 4 Pending order types

Expert Advisors

A significant feature that comes with the MT4 platform is the use of Expert Advisors (EAs). They automate these trading strategies using the MQL4 programming language. If you never want to miss a market move, then you can program these EAs with your strategies. There is also an option of using some of the community strategies from pre-made EAs with back-testing of their effectiveness.

fxcm expert advisors

Trading Station

Trading Station comes in a web, mobile, and desktop format to allow for trading easily anywhere. We have listed some features that come with the platform below.

  • News and economic calendars are fully integrated into the platform, so you don’t miss any key international events
  • Education and research tools available to equip yourself with the best trading skill-set
  • Multiple pre-loaded indicators and trade directly from the charts for a seamless trading experience

4. Friedberg Direct Powered By AvaTrade Top Fixed Spreads For Day Trading

Friedberg Direct Powered By AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

AvaTrade offers the best fixed spreads for day trading, which is why it’s our top pick. It’s a cost-effective choice with tight spreads starting from just 0.6 pips on EUR/USD and no commission.

These low spreads are great if you are a day trader, as they help keep your fees the same even during volatile market conditions (variable spreads get more expensive). AvaTrade also provides a decent range of markets, including forex, popular shares, commodities, and indices, offering you plenty of options for day trading.

Pros & Cons

  • Tight fixed spreads
  • Good range of markets
  • Decent risk management tools
  • No RAW spread pricing is available
  • Has inactivity fees
  • Support is limited to market hours

Broker Details

Friedberg Direct Powered By AvaTrade Spreads Don’t Change

AvaTrade offers one of the largest range of markets with over 170 tradable instruments, including forex and a range of CFDs. At the same time, this brokerage may seem similar to the previous, AvaTrade works on a zero-commission basis with a Straight Through Processing (STP) execution style.

Spreads

As AvaTrade uses an STP execution, it means that there is no commission on any side of the trade. It has built the usual commission costs into their spread costs, but AvaTrade has still kept them at a low and guaranteed fixed spread costs of 0.60 pips for the forex pair EUR/USD.

Friedberg Direct powered by AvaTrade is the only brokerage on this list that has fixed spreads. The benefit for you as a trader is that there are no hidden costs, and your trade will always cost the same amount every time. The downside is that the spread cost could be lower on a variable spread at some points in time.

Friedberg Direct AvaTrade Canada

As there are only a few brokers around the world that have fixed spreads, so we have found a few of them and compiled their costs into this chart. As seen below in this chart, Friedberg Direct powered by AvaTrade has some of the best-fixed spread rates compared to other fixed spread brokers. The charge below confirms this.

Fixed Spreads
0.90 1.00 1.50 1.10 1.50
1.94 1.83 2.11 2.36 2.05
1.60 1.60 1.70 1.90 2.10
1.50 1.80 2.00 1.80 2.00
3.00 3.00 3.00 3.00 3.00
4.00 4.00 3.00 4.00 5.00
2.01 1.86 2.31 2.52 2.22

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Range Of Markets

AvaTrade has one of the most diverse ranges of markets compared to any of the brokers on this list including forex, stocks, commodities, indices, FX options, and bonds. Below, we have listed examples of some available instruments to trade.

  • 37 different forex pairs including majors like EUR/USD & GBP/USD
  • 589 stock shares with the option of over 500 additional stocks on the MT5 platform, including Apple, Amazon, & Tesla
  • 23 commodities including Crude Oil & Gold and the option for more with MT5
  • 18 Indices
  • 44 Options (42 Forex plus gold and silver)

Platforms

AvaTrade has a range of different platforms available for CFD trading, Options trading, and FX trading. These platforms include WebTrader, MetaTrader 4, MetaTrader 5, and AvaOptions. We have gone into more detail about some platforms below.

Avatrade Trading Platforms

WebTrader

AvaTrade gives you access to downloadable web-based and mobile versions of their proprietary platform WebTrader. We have listed some benefits below.

  • Take control of the markets with AvaProtect—a risk protection tool to protect your trading portfolio easily
  • Live market sentiment to make educated decisions from the AvaTrade community
  • Access a wide range of timeframes, studies, and indicators with the option for Trading Central for further technical insight

AvaOptions

Options trading is a way of trading instruments that give you the right to buy or sell at a specific date and price. AvaTrade makes this easy with its advanced options trading platform. We have listed some benefits below.

  • Trade options visually with their unique interactive page showing historical data and the potential confidence interval
  • Live streaming for prices for over 40 FX pairs & Gold with no additional fees
  • 13 different option strategies to trade spot, calls, puts, or a combination all from an easy-to-use menu and interface

5. CMC Markets Good CIRO Broker With Most Currency Pairs

CMC Markets

Forex Panel Score

69

Average Spread

EUR/USD = 0.5
GBP/USD = 0.9
AUD/USD = 0.6

Trading Platforms

MT4, CMC NGEN

Minimum Deposit

$0

Why We Recommend CMC Markets

CMC Markets is a top CIRO broker with many decent benefits, but what sticks out for us is it has the most currency pairs available, over 330+ in total.

CMC Markets has an impressive NGEN platform, the broker’s own user-friendly trading platform and comes equipped with advanced charts and tools that challenge TradingView’s charts. We like the market scanners, which help discover new trade ideas, making the trading process more efficient.

Pros & Cons

  • The NGEN platform is excellent
  • Most currency pairs
  • Has low average spreads
  • No social trading tools
  • Support is limited over the weekend
  • Can only automate trades with the MT4 platform

Broker Details

CMC Markets NGEN has over 100 technical indicators for analysis

CMC Markets is one of the more global brokers on this list with regulated offices in the UK, Australia, Singapore, and New Zealand. With over 10,000 financial instruments to trade, CMC definitely offers the widest range of markets for you to trade. CMC Markets has a wide range of platforms for you to choose from, including their next-generation platform and MetaTrader 4.

Spreads

Since CMC Markets only has one account type, it makes calculating trading costs simple. There is no commission on this account as they have already been pre-built into the spreads. We have made a chart with their average spreads below to compare to other brokers.

 

cmc markets account types products overview canada

Platforms

CMC Markets has a range of platforms for you to choose from. The first choice is one of the best proprietary platforms on the market in their next-generation platform. Second, they offer the world’s most popular MetaTrader 4 platform specializing in trading currencies, commodities, and indices. We have gone into more detail about the two platforms below.

cmc markets next generation platform

Next Generation Platform

This platform is CMC Markets’ award-winning flagship platform available for all users. It gives you access to the full range of tradable instruments, including currencies, commodities, indices, shares, and treasuries. We have listed some features below.

  • Advanced charting tools with 115 technical indicators, over 70 chart patterns, and 12 chart types pre-built into the platform
  • Client sentiment tool to gauge the overall position of the market
  • Morningstar quantitative equity research reports to compare the estimated value of a share to its actual price

MetaTrader 4

CMC Markets also offers the more popular platform MetaTrader 4. This platform has a limited range of markets, only being able to access currencies, commodities, and indices. However, it has a few additional features, as listed below.

  • Automated trading strategies are available for testing and application with Expert Advisors (EAs) or other MT4 traders
  • Wide range of sentiment analysis as it stretches a range of brokers, not just CMC
  • Mini-terminal that can allocate your lot size to cash risk (for example, placing a trade with 3% of your account at risk)

Learning Centre

CMC Markets has one of the best customer learning systems in the market. Available 24/5 their team of experts is always on hand to help with any queries. We have listed some ways they can help you trade below.

  • Webinars and events to learn everything from basics in trading to advanced trading strategies
  • Library of market analysis videos to help you use their Next Generation platform and build an effective strategy
  • Articles on technical and fundamental analysis with day trading strategies to give you an extra edge
  • Financial terms glossary to get up-to-date on the financial language you might see in articles or webinars

6. Interactive Brokers Great CIRO Broker For Professional Traders

Interactive Brokers

Forex Panel Score

52

Average Spread

EUR/USD = N/A
GBP/USD = N/A
AUD/USD = N/A

Trading Platforms

Trader Workstation

Minimum Deposit

$0

Why We Recommend Interactive Brokers

Our top choice for professional traders is Interactive Brokers due to its advanced trading tools and platforms. While it may be complex for beginners, if you’re an experienced trader, you’ll appreciate the capabilities that can significantly enhance your analysis and trading speed.

Interactive Brokers’ access to various markets and exchanges is invaluable. It allows you to explore diverse markets and capitalize on volatility, potentially increasing risk and reward.

Pros & Cons

  • Excellent trading tools and platforms for professionals
  • It doesn’t require a minimum deposit
  • Commissions are low if you trade 1-lot and above
  • $2.00 minimum cost per trade (expensive for small trades)
  • No third-party platforms like MT4 or TradingView
  • IBKR has a steep learning curve

Broker Details

Interactive Brokers lets you trade Forex, Shares, Bonds, Futures

Interactive Brokers is one of the more well-known brokers on this list, with over 1.5 million client accounts. They are one of the few brokers that are listed on the NASDAQ as a publically traded company.

Invest in over 130 different markets, including stocks, options, futures, currencies, bonds, and funds from their single account. Interactive brokers only offer one trading platform, but in multiple versions to suit your device.

Education and information are some of the most important aspects of being a successful trader, which is why Interactive Brokers give you all the tools that you need to succeed. Some of these tools include:

  • Traders Academy – Improve your understanding of the markets and the platform
  • Traders Insights – To analyse the markets with leading experts in the field.
  • IBKR Quant – For the latest news on computer and data science, with updates on python, R, and more.
  • IBKR Webinars – A range of free webinars on a range of markets, technology, and trading

ECN Spreads

Interactive Brokers is unique in that they only offer a single account to trade with. They operate this account under an ECN style trading execution with low commissions. With spreads being such a major trading cost, Interactive Brokers take their spreads straight from interbank quotes to ensure they are as low as possible. This means there is no mark-up on the spreads or hidden pricing.

Commissions

Interactive Brokers has some of the lowest spreads on the market for an ECN broker. The amount of commission that you pay depends on the volume of trading in any month and will decrease the more it is. We have listed the commission costs for spot currencies below.

 

interactive brokers currency tiers

Platforms

Interactive Brokers only offer one choice of platform, but it comes in multiple forms, including web browser, desktop application, mobile app, and FIX API. We have listed a few of the features of Trader Workstation which is their proprietary platform.

Available in multiple formats, this powerful platform comes with a range of different features, as listed below.

  • Mosaic gives direct access to trading, orders, live quoting, and technical research all in a simple to use interface window
  • Research news from leading newsagents and analyst research from a range of hosts, including Morningstar & Zacks
  • A range of risk management tools, including the risk navigator, model navigator, and options analytics to help protect your portfolio

interactive brokers trading platform

With the simplicity of only one account type, Interactive Brokers only charges a USD $2.00 per order (scaling down the more you trade).

7. Admirals Best CIRO Broker For MetaTrader 4

Admirals

Forex Panel Score

71

Average Spread

EUR/USD = 0.1
GBP/USD = 0.6
AUD/USD = 0.5

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend Admirals

We recommend Admirals as the top CIRO-regulated broker for MetaTrader 4. The broker’s MetaTrader Supreme Edition adds 15+ expert advisors to improve your overall trading workflow.

The additional utilities allow you to trade more efficiently, so you can focus on trading and finding new ideas instead of doing your account admin.

Pros & Cons

  • Good selection of markets
  • Offers free trading tools for MT4
  • Low average spreads
  • Limited customer support on weekends
  • Charges an inactivity fee
  • Demo accounts expire

Broker Details

avaAdmirals offers an extensive collection of trading tools suitable for almost any trading style

While Admirals may seem somewhat limited in the trading account department, it more than makes up for it with an excellent collection of third-party apps and integrations.

Spreads

If you’re in Canada, Admirals makes the process of selecting a trading account straightforward and speedy. The broker offers one account type, the Trade.MT4, which you can use to trade a wide range of products.

While you may balk at the single, spread-only option if you’re accustomed to a RAW spread account, you may find that the Trade.MT4 account deserves a second look when you consider the trading conditions. Minimum spreads start at a competitive 0.6 pips, and straight through pricing helps keep them low, even in volatile conditions.

We also like that Admirals uses STP for trade execution. STP minimises the risk of a mis-match between the broker’s quoted price and the actual price at the time of execution. Known as ‘slippage’, these small discrepancies can cost you big money, so we appreciate the combination of low variable spreads and fast processing times.

Range of Markets

If you decide to trade with Admirals, you’ll have a solid selection of products and financial instruments from which to choose. While 37 forex pairs isn’t the most of any broker, it’s a respectable number that includes the major and minor pairs. You also have the option to trade six commodities, including metals and energies, as well as indices, bonds and treasuries.

If you prefer Admirals does stand out for its stock offering. With 220 different shares to trade, it outclasses most brokers with a focus on MT4.

Trading Platforms

Whether you opt to trade onshore via Admirals’ in Canada or offshore through another entity with a Tier 1 license, you’ll find Admirals has the tools you need.

Note that Canadians trading through the CIRO-regulated entity will need to choose MetaTrader 4 as their platform, however those that opt for an offshore account regulated by the FCA or CySEC can take advantage of MetaTrader 5

Regardless of your platform choice, Admirals offers tools to help you make the most of your trading strategy. Social and copy traders can take advantage of MyFxBook when trading through an offshore account to follow and mimic the decisions of popular traders or those whose strategies you’d like to learn.

For advanced trading, Admirals offers StereoTrade, a scalable interface that integrates with MT4 and MT5 to help you fully automate your high-volume trading activity. Admirals has also partnered with FixexWare, an asset and portfolio management service, to allow you to oversee assets for multiple parties.