CMC Markets offers its award-winning proprietary Next Generation web and mobile platforms, known for advanced charting and features. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. Between 74-89% of retail investor accounts lose money when trading CFDs.

Reviews

This is the only forex broker on our list headquartered in Canada. Both the MT4 and MT5 mobile platforms are available through apps that can be downloaded on iOS and Android devices. These are among the most popular and respected in the industry and allow for a host of customizable features, indicators, and charts and are accessible and easy to navigate for almost any level of trader. Both MT4 and MT5 platforms are available to choose from. Commodities, including gold, silver, platinum, crude oil, and other energy commodities, are offered for trading as CFDs.

Learn, Trade, Succeed

Firstly, in terms of forex trading, more than 90 currency pairs are available. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument. Get a better understanding of how the markets work with our easy to ready "how-to" guides. Quickly compare vetted accounts to see which providers are most appropriate for you. Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.

Related Broker Guides

FXCM employs a variable spread structure, meaning that spreads will fluctuate depending on liquidity levels and market conditions. Forex.com also do not charge a monthly account fee – although they do charge a small inactivity fee after one year of no trading. As a result, these spreads tend to be extremely tight on the Standard account – as low as 1 pip on EUR/USD. Finally, Interactive Brokers have no minimum deposit requirements – meaning that users can begin trading with as little capital as they wish.

Cost of Trading

It uses MT4, supports zero-deposit accounts, and includes free VPS for automated trading. You can trade over 650 instruments, enjoy micro-lot accounts and Islamic account options, and benefit from low minimum deposit requirements. It offers a wide array of platforms, including MT4, MT5, and its proprietary NetTradeX, which uses patented Price Quotation Matrix (PQM) technology for granular price display. The broker supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its proprietary VT Markets App and TradingView integration, making it easy to trade on desktop or mobile. VT Markets gives traders access to more than 1,000 instruments across forex, indices, commodities, share CFDs, and cryptocurrencies. Here's an overview of the top brokers that made the list of the best forex brokers in Canada.

When you trade with an unregulated broker, none of these safeguards apply. If CIRO and the relevant provincial regulator do not authorise a Forex broker, Canadian traders risk having little to no legal protection if disputes or losses occur. Select another broker to another broker to compare features, fees, and platforms side by side.

Interactive Brokers

BDSwiss is also a very well-decorated broker, having collected a number of awards, particularly in recent years as they have expanded their industry presence. They are also have regulatory oversight in place from a number of trusted bodies in the industry. Options trades are $9.95 + $1 per contract, while ETFs are commission-free.

What platforms are available for trading?

A broker that offers a range of forex tools is another vital thing to look out for. If you are an advanced trader, you might even want to keep an eye out for brokers that offer minors and exotics to trade. Low spread forex brokers are an excellent way to ensure you aren’t paying hefty amounts in fees. These two entities provide excellent protection for forex traders – so if your chosen broker is covered by one (or both) of them, then you’re onto a winner.

AvaTrade is able to offer trading opportunities to Canadian residents due their Collaboration with Friedberg Direct in Canada. Most traders fit under their Questrade Democratic pricing plan, which is $0.01 per share with a $4.95 minimum and $9.95 maximum. If you are interested in stock trading, this broker has two competitive pricing structures. These include access to the third-party Market Intelligence tool, which helps you gather as much data as possible on your potential trades.

Final Verdict: Is Interactive Brokers right for you?

This makes FXCC a perfect choice for those interested in quality service, favorable prices, and affordable accounts. My test revealed that the broker’s spreads on popular instruments are generally lower than the industry benchmark, except for its EURUSD and BTCUSD spreads. Our team of experts has identified brokers’ strengths and weaknesses using FXEmpire’s comprehensive methodology. In fact, this document legalized Canadian residents’ access to leveraged forex and CFD products. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. This is because Avatrade does not charge any commissions when opening a position and offer full support for MT4 and MT5.

Trade forex, CFDs, crypto and more with low spreads and commissions and fast, quality execution. The forex market is open to participants from around the world, including individuals who are not Canadian citizens or residents. No matter your experience level, the right platform should align with your trading goals, risk tolerance and preferred strategy.

Best for Active Trader and All Around Offerings: FOREX.com

CMC Markets Canada offers a robust trading environment for Canadian investors, featuring a wide range of instruments, advanced trading platforms, and strong regulatory oversight. Since that time, it has grown to become a major forex broker that now offers trading services in more than 180 countries worldwide. While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the sector offering services around the world. These mobile platforms have all of the functionality of the other platform types and are very easily accessible to traders. With no minimum deposit, commission-free spread accounts, and access to elite tier rebates, it’s a clear leader in cost‑efficient trading. With award-winning interactive learning, multi-platform access, strong regulation, and a powerful copy-trading ecosystem, it’s ideal for newbies and social traders who want guided growth.

We have listed the 10 Best Forex Brokers in Canada, offering access to Forex, stocks, indices, and commodities. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long https://forex-review.net/ as an account is active. I’ve made a few profitable trades, and the AI recommendations have been really accurate. The "send us a message" chat in their tradezone.ai portal no longer responds to my messages so they just keep ignoring me and holding my funds. My savings were nearly lost after a poor investment, but 𝚅𝚎𝚛𝚒𝚝𝚊𝚜𝚁𝚎𝚍𝚛𝚎𝚜𝚜'𝙾𝚛𝚐 stepped in and resolved the whole situation professionally.

• This subsidiary is registered with CIRO (formerly IIROC) and is a CIPF member, offering investor protection within specified limits.
• The standards for international firms offering forex-type services are very strict.
• Check out our dedicated guides on best MT4 brokers and best MT5 brokers.
• The broker’s parent company, StoneX Group, is listed on the NASDAQ – highlighting how reputable Forex.com is.

Keep a trading journal, reflect on both winning and losing trades, and refine your strategy over time. We recommend beginning with a demo account to familiarise yourself with the platform and practice strategies. The most frequently asked questions about Forex trading in Canada, including regulation, trading times, and how to place a trade. CIRO requires brokers to use secure and transparent funding channels.

While Classic Account offers spreads from 1.0 pips with zero commissions. From my examination, Edge Account offers spreads from 0.0 pips with $3.50 commission per lot, per side. There are also two account types for MT4 users which can both be funded in CAD, USD, EUR, GBP, and others to trade forex, indices, commodities, cryptos, and some stocks. The app features a wide selection of analytical tools and chart configurations and allows traders to set price alerts, customize their favorite watchlists, and even practice one-tap trading.

• Education is key—attend webinars, join trading forums, and listen to market podcasts to stay sharp.
• Many Canadian Forex traders lose money—not just because of the risks of trading, but because of high spreads, weak regulation, and poor broker choices.
• It’s designed to analyze trends in the cryptocurrency market, enabling smarter, automated trading decisions.
• No matter your experience level, the right platform should align with your trading goals, risk tolerance and preferred strategy.

Because they are not accountable to CIRO or your provincial securities regulator, there’s no authority to intervene on your behalf. They can manipulate prices, delay trades, or refuse to pay out profits. This ensures you can’t end up owing more than your initial deposit. If the broker refuses withdrawals or shuts down, you have no legal recourse in Canada.

Typically there are two fee types when forex trading – commissions and spreads. Notably, FXCM offers a selection of 39 pairs to trade, including the majors, minors, and some exotics. Notably, if you use the IBKR Lite account, you’ll get larger spreads but commission-free trading!

As you can see from the list above, there are numerous forex brokers to choose from, each having its own unique selling point and fee structure. While not all brokers offer them, many international brokers that accept Canadian clients, and even some regulated by CIRO (like Admirals and AvaTrade), provide this option. Admirals stands out as a highly regulated and reliable broker for Canadian traders. Eightcap offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available across desktop, web, and mobile. However, Canadian clients should be mindful of the regulatory and support differences compared to brokers directly regulated within Canada. TMGM is a good fit for traders who value low minimum deposits, fast execution, and flexible account options.