Top Brokers Accepting Canadian Clients

Our 2021 Best Forex Brokers accepting Canadian Clients are;

Brokers Regulated by IIROC
Brokers Accepting Canadian Traders

AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Our Rating
8.33
7.33
7.28
7.17
8.17
79% of retail investor accounts lose money when trading CFDs with this provider
73.5% of retail investor accounts lose money when trading CFDs
72% of retail investor accounts lose money when trading CFDs
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
64% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
IIROC (Canada)

Brokerage

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
EUR/USD Avg. Raw Spread
N/A
GBP/USD Avg. Raw Spread
N/A
AUD/USD Avg. Raw Spread
N/A
EUR/USD Standard Spread
1.30 Retail
0.90 Professional
1.1
1.4
0.7
EUR/USD Fixed Spreads
0.9
Commissions (USD Base)
AUD 3.50
CAD$2 to $6
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
Commission Rebates
Minimum Deposit
USD $100
$0
CAD$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
7
6
4
6
4
No Funding Fees

Markets and Instruments

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Currency Pairs
55+
70+
80+ Standard Account
58 DMA
339+
115+
Cryptocurrency CFDs
15+
1+
12+
Index CFDs
33+
16+
15+ Standard Account
Cross DMA Account
46+
26+
Share CFDs
625+
220+ Standard Account
Cross DMA Account
9000+
1000+
Commodities CFD
30+
31+
12+ Standard Account
Cross DMA Account
111+
Stockbroking
9000+
50,000+
Retail Max. Leverage
30:1 (UK/Europe/Australia)
400:1 (South Africa)
30:1 (FCA, ASIC)
20:1 (MAS)
100:1(International)
50:1
30:1 (Europe/Australia)
20:1 (Singapore)
500:1(Other)
33:1
Professional Leverage
400:1
100:1
50:1
500:1

Trading Platforms + Tools

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
available only where European or ASIC regulation applies
ESMA regulated territories only
Only in ESMA regulated territories
ESMA regulated territories only
Demo Account
Unique Feature 1
Choice of social trading tools
Fast Execution
Owned by Capital Gains
Offers both CFD and Stock trading
125 Markets, 31 Countries, 22 Currencies
Unique Feature 2
Fixed Spreads
Customer Service
Variable Commission with
STP + DMA Execution
Trade Treasury notes
Earn interest on idle cash balances automatically

Overall