Lowest Spread Forex Broker Canada

Low spreads mean lower trading costs, here are the best brokers to save

IIROC Regulated Brokers
  • fxcm friedberg direct logo FXCM – Best Low Spread Broker For Overall in Canada
  • friedberg direct powered by avatrade Avatrade – Top Broker With Low Fixed Spreads
  • oanda logo Oanda – Good IIROC Regulated Canadian Forex Broker
  • cmc markets logo CMC Markets – Great Range Of CFD Trading Products
  • interactive brokers logo Interactive Brokers – Good ECN Trading Conditions
  • forex.com logo new Forex.com – Top DMA Forex Trading Execution
  • fortrade logo Fortrade – Great MetaTrader 4 Trading Platform

FXCM
AvaTrade
Oanda
CMC Markets
Interactive Brokers
Our Rating
7.93
8.33
7.26
7.17
8.17
66% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when trading CFDs with this provider
76.6% 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
FXCM
AvaTrade
Oanda
CMC Markets
Interactive Brokers
IIROC (Canada)
Other Regulators

Brokerage

Feature
FXCM
AvaTrade
Oanda
CMC Markets
Interactive Brokers
EUR/USD Avg. Raw Spread
0.22
-
-
-
-
GBP/USD Avg. Raw Spread
0.80
-
-
-
-
AUD/USD Avg. Raw Spread
0.40
-
-
-
-
EUR/USD Standard Spread
-
0.90
1.1
-
-
EUR/USD Fixed Spreads
-
0.90
-
-
-
Commissions (USD Base)
$3.00
-
$7.00
-
0.08%-0.2%
Minimum Deposit
$300
$100
$0
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
8+
7+
3+
6+
8+
No Funding Fees

Markets and Instruments

Feature
FXCM
AvaTrade
Oanda
CMC Markets
Interactive Brokers
Currency Pairs
42+
55+
71+
338+
105+
Cryptocurrency CFDs*
7+
15+
-
19+
-
Index CFDs
13+
33+
16+
46+
26+
Share CFDs
15+
625+
-
9,000+
1000+
Commodities CFD
12+
30+
29+
124+
4+
Stockbroking
-
-
-
9,000+
50,000+
Retail Max. Leverage (Canada)
Major Pairs: 50:1
Minor Pairs: 33:1
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs 50:1
Minor Pairs 33:1
Major Pairs: 52:1
Minor Pairs 16:1
Major Pairs 62.5:1
Minor Pairs 33:1
Retail Max. Leverage (With offshore regulators)
Balance:
0-50k 400:1
50k+ 200:1
400:1
-
30:1
-

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

Trading Platforms + Tools

Feature
FXCM
AvaTrade
Oanda
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
Large range of trading platforms
Choice of social trading tools
Internationally Regulated
Offers both CFD and Stock trading
125 Markets, 31 Countries, 22 Currencies

Overall

FXCM
AvaTrade
Oanda
CMC Markets
Interactive Brokers