Best Forex Trading App Canada

These brokers have the best mobile trading platforms

Brokers Regulated By IIROC
Brokers Accepting Canadian Traders
  • TMGM TMGM – Best Overall MT4 Forex Broker For Canadian Traders
  • Fusion Market Fusion Markets – Top Choice For Low Commissions
  • eightcap logo Eightcap – Great Range Forex And Cryptocurrencies

TMGM
Eightcap
Forex.com
Oanda
CMC Markets
Our Rating
8.33
9.00
7.28
8.83
7.17
IRESS Trading Platform For Shares
250 Crypto Products
Owned by Capital Gains
Fast Execution
330 Spot And Forward Currency Pairs

Regulations and Licenses

Feature
TMGM
Eightcap
Forex.com
Oanda
CMC Markets
IIROC (Canada)
VFSA (Vanuatu)

Brokerage

Feature
TMGM
Eightcap
Forex.com
Oanda
CMC Markets
EUR/USD Avg. Raw Spread
0.10
0.06
-
-
-
GBP/USD Avg. Raw Spread
0.42
0.73
-
-
-
AUD/USD Avg. Raw Spread
0.21
0.27
-
-
-
EUR/USD Standard Spread
1.0
1.06
1.30
1.1
0.73
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.50
$3.50
$2.00-$6.00
$3.50
-
Minimum Deposit
$100
$250 (Raw)
$500 (Standard)
$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
5+
8+
4+
6+
6+
No Funding Fees

Markets and Instruments

Feature
TMGM
Eightcap
Forex.com
Oanda
CMC Markets
Currency Pairs
60+
40+
80+ (Standard Account)
58+ (DMA)
70+
339+
Cryptocurrency CFDs*
12+
250+
8+
4+
-
Index CFDs
15+
10+
15+ (Standard Account)
16+
95+
Share CFDs
12,000+
400+
220+ (Standard Account)
-
9,451+
Commodities CFD
5+
4+
26+
34+
111+
Stockbroking
-
-
-
-
9,451+
Retail Max. Leverage (Canada)
-
-
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs: 52:1
Minor Pairs 16:1
Retail Max. Leverage (With offshore regulators)
500:1
500:1
Major Pairs 200:1
Minor Pairs 100:1
100:1
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
TMGM
Eightcap
Forex.com
Oanda
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

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 FMA, VFSA
ASIC
0.10 0.42 0.21 180ms $100 60+ 12+ 200:1 200:1
Visit Broker > 9.00 ASIC, SCB 0.06 0.73 0.27 115ms $250 (Raw)
$500 (Standard)
40+ 250+ 500:1 500:1
Visit Broker > 7.28 FCA, MAS
NFA, IIROC
- - - 125ms $100 80+ (Standard Account)
58+ (DMA)
8+ 30:1 400:1
Visit Broker > 8.83 FCA, IIROC
ASIC, FSC BVI
- - - - $0 70+ 4+
Visit Broker > 7.17 ASIC, FCA
MAS, IIROC
- - - 110ms $0 339+ - 30:1 500:1