ECN Forex Broker Canada

These are the best brokers with no dealing desk

Brokers Regulated By IIROC
  • Friedberg direct with fxcm FXCM – Best Forex Broker in Canada
  • interactive brokers logo Interactive Brokers – Best Forex Broker For Long Range of Markets
  • forex.com logo new Forex.com – Best Forex Broker For Top High Leverage
Brokers Accepting Canadian Traders
  • eightcap logo Eightcap – The Top Choice Forex Broker For Cryptocurrency
  • TMGM TMGM – Top MT4 Forex Broker
  • fusion markets logo Fusion Markets – The Forex Broker With The Lowest Trading Costs
  • FP Markets Logo FP Markets – Best Forex Broker For Lowest Spreads

TMGM
Friedberg Direct With FXCM
Interactive Brokers
FP Markets
Our Rating
8.33
7.93
8.17
8.17
IRESS Trading Platform For Shares
Excellent performance and slippage metrics supplied
125 Markets, 31 Countries, 22 Currencies
Fastest Limit Order Execution Speed

Regulations and Licenses

Feature
TMGM
Friedberg Direct With FXCM
Interactive Brokers
FP Markets
IIROC (Canada)
VFSA (Vanuatu)
Other Regulators

Brokerage

Feature
TMGM
Friedberg Direct With FXCM
Interactive Brokers
FP Markets
EUR/USD Avg. Raw Spread
0.10
0.22
-
0.20
GBP/USD Avg. Raw Spread
0.42
0.80
-
0.60
AUD/USD Avg. Raw Spread
0.21
0.40
-
0.40
EUR/USD Standard Spread
1.0
1.3
-
1.30
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
$3.00
0.08%-0.2%
$3.00
Minimum Deposit
$100
$300
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
5+
8+
4+
10+
No Funding Fees

Markets and Instruments

Feature
TMGM
Friedberg Direct With FXCM
Interactive Brokers
FP Markets
Currency Pairs
60+
39+
100+
63+
Cryptocurrency CFDs*
12+
-
-
4+
Index CFDs
15+
12+
26+
14+
Share CFDs
12,000+
-
1000+
12,986+
Commodities CFD
5+
9+
4+
7+
Stockbroking
-
-
50,000+
Retail Max. Leverage (Canada)
-
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs 62.5:1
Minor Pairs 33:1
-
Retail Max. Leverage (With offshore regulators)
500:1

0-50k = 400:1
50k+ = 200:1
-
500:1

*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
Friedberg Direct With FXCM
Interactive Brokers
FP 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

TMGM
Friedberg Direct With FXCM
Interactive Brokers
FP Markets
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 > 7.93 ASIC, FCA
FSCA, IIROC
0.22 0.80 0.40 150ms $300 39+ - 30:1
Visit Broker > 8.17 NFA, CFTC
ASIC, FCA
- - - 110ms $0 100+ - 30:1 500:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.60 0.40 95ms $100 63+ 4+ 30:1 500:1