Compare Forex Brokers In Canada

The May 2022 best Canadian forex broker list is.

IIROC Regulated Brokers
  • friedberg direct powered by avatrade Avatrade - Best Broker Overall
  • fxcm friedberg direct logo FXCM - Has Great Trading Platform Features
  • oanda logo Oanda - Top Broker With MetaTrader 4
  • forex.com logo new Forex.com - Good Broker For Low Spreads
  • fortrade logo Fortrade - Good Broker For Low Spreads

AvaTrade
FXCM
Oanda
Forex.com
Our Rating
8.33
7.93
7.26
7.0
71% of retail investor accounts lose money when trading CFDs with this provider
66% of retail investor accounts lose money when trading CFDs with this provider
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
AvaTrade
FXCM
Oanda
Forex.com
IIROC (Canada)
Other Regulators

Brokerage

Feature
AvaTrade
FXCM
Oanda
Forex.com
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
-
1.1
1.30
EUR/USD Fixed Spreads
0.90
-
-
-
Commissions (USD Base)
-
$3.00
$7.00
$2.00-$6.00
Minimum Deposit
$100
$300
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
7+
8+
3+
4+
No Funding Fees

Markets and Instruments

Feature
AvaTrade
FXCM
Oanda
Forex.com
Currency Pairs
55+
42+
71+
80+ (Standard Account)
58+ (DMA)
Cryptocurrency CFDs*
15+
7+
-
8+
Index CFDs
33+
13+
16+
15+ (Standard Account)
Share CFDs
625+
15+
-
220+ (Standard Account)
Commodities CFD
30+
12+
29+
26+
Stockbroking
-
-
-
-
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
Retail Max. Leverage (With offshore regulators)
400:1
Balance:
0-50k 400:1
50k+ 200:1
-
-

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

Trading Platforms + Tools

Feature
AvaTrade
FXCM
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
Choice of social trading tools
Large range of trading platforms
Internationally Regulated
Owned by Capital Gains

Overall

AvaTrade
FXCM
Oanda
Forex.com