Top Brokers Accepting Canadian Clients

Our 2022 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
7.26
7.0
7.17
8.17
71% 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
73% 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)
Other Regulators

Brokerage

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
EUR/USD Avg. Raw Spread
-
-
-
-
-
GBP/USD Avg. Raw Spread
-
-
-
-
-
AUD/USD Avg. Raw Spread
-
-
-
-
-
EUR/USD Standard Spread
0.90
1.1
1.30
-
-
EUR/USD Fixed Spreads
0.90
-
-
-
-
Commissions (USD Base)
-
$7.00
$2.00-$6.00
-
0.08%-0.2%
Minimum Deposit
$100
$0
$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
7+
3+
4+
6+
8+
No Funding Fees

Markets and Instruments

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Currency Pairs
55+
71+
80+ (Standard Account)
58+ (DMA)
338+
105+
Cryptocurrency CFDs*
15+
-
8+
19+
-
Index CFDs
33+
16+
15+ (Standard Account)
46+
26+
Share CFDs
625+
-
220+ (Standard Account)
9,000+
1000+
Commodities CFD
30+
29+
26+
124+
4+
Stockbroking
-
-
-
9,000+
50,000+
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
Major Pairs: 52:1
Minor Pairs 16:1
Major Pairs 62.5:1
Minor Pairs 33:1
Retail Max. Leverage (With offshore regulators)
400:1
-
-
30:1
-

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

Trading Platforms + Tools

Feature
AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
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
Internationally Regulated
Owned by Capital Gains
Offers both CFD and Stock trading
125 Markets, 31 Countries, 22 Currencies

Overall

AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers