Top Brokers Accepting Canadian Clients

Our 2022 Best Forex Brokers accepting Canadian Clients are:

Brokers Regulated by IIROC
Brokers Accepting Canadian Traders
  • eightcap logo Eightcap – Best Forex Broker for Cryptocurrency
  • Fusion Market Fusion Markets – Best Forex Broker with Lower Commission
  • TMGM TMGM – Best Overall Forex Broker in Canada

Friedberg Direct AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Our Rating
8.33
8.83
7.0
7.17
8.17
Fixed Spreads
Internationally Regulated
Owned by Capital Gains
330 Spot And Forward Currency Pairs
Spot (Not CFD) Trading

Regulations and Licenses

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

Brokerage

Feature
Friedberg Direct 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
0.73
-
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
Friedberg Direct AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Currency Pairs
37+
70+
82+ (Standard Account)
60+ (DMA)
339+
100+
Cryptocurrency CFDs*
-
-
-
-
-
Index CFDs
18+
16+
17+
95+
13+
Share CFDs
589+
-
1000+
9,451+
1000+
Commodities CFD
12+
7+
26+
111+
4+
Stockbroking
-
-
-
9,451+
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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Friedberg Direct 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

Overall

Friedberg Direct AvaTrade
Oanda
Forex.com
CMC Markets
Interactive Brokers
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.33 IIOC, FSCA
ADGM, CBI
- - - 160ms $100 37+ - 33:1 33:1
Visit Broker > 8.83 IIROC - - - 120ms $0 70+ - 50:1 100:1
Visit Broker > 7.0 IIROC, FCA - - - 140ms $100 82+ (Standard Account)
60+ (DMA)
- 33:1 33:1
Visit Broker > 7.17 ASIC, FCA
MAS, IIROC
- - - 110ms $0 339+ - 30:1 500:1
Visit Broker > 8.17 ASIC, FCA
MAS, IIROC
- - - 120ms $0 100+ - 30:1