Lowest Spread Forex Broker Canada

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

Brokers Regulated By IIROC
  • Friedberg direct with fxcm FXCM – Best Low Spread Broker For Overall in Canada
  • Friendberg Direct AvaTrade Avatrade – Top Broker With Low Fixed Spreads
  • oanda logo OANDA – Good IIROC Regulated Canadian Forex Broker
  • CMC Markets CMC Markets – Great Range Of CFD Trading Products
  • interactive brokers logo Interactive Brokers – Good ECN Trading Conditions
  • forex.com logo Forex.com – Top DMA Forex Trading Execution
  • fortrade logo Fortrade – Great MetaTrader 4 Trading Platform

Friedberg Direct With FXCM
Friedberg Direct AvaTrade
Oanda
CMC Markets
Interactive Brokers
Our Rating
7.93
8.33
8.83
7.17
8.17
Excellent performance and slippage metrics supplied
Fixed Spreads
Internationally Regulated
330 Spot And Forward Currency Pairs
Spot (Not CFD) Trading

Regulations and Licenses

Feature
Friedberg Direct With FXCM
Friedberg Direct AvaTrade
Oanda
CMC Markets
Interactive Brokers
IIROC (Canada)

Brokerage

Feature
Friedberg Direct With FXCM
Friedberg Direct 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
1.3
0.90
1.1
0.73
-
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
Friedberg Direct With FXCM
Friedberg Direct AvaTrade
Oanda
CMC Markets
Interactive Brokers
Currency Pairs
39+
37+
70+
339+
100+
Cryptocurrency CFDs*
-
-
-
-
-
Index CFDs
12+
18+
16+
95+
13+
Share CFDs
-
589+
-
9,451+
1000+
Commodities CFD
9+
12+
7+
111+
4+
Stockbroking
-
-
-
9,451+
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)

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
*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 With FXCM
Friedberg Direct 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

Overall

Friedberg Direct With FXCM
Friedberg Direct AvaTrade
Oanda
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 > 7.93 ASIC, FCA
FSCA, IIROC
0.22 0.80 0.40 150ms $300 39+ - 30:1
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 > 7.17 ASIC, FCA
MAS, IIROC
- - - 110ms $0 339+ - 30:1 500:1
Visit Broker > 8.17 ASIC, FCA
MAS, IIROC
- - - 120ms $0 100+ - 30:1