Forex Brokers in Canada

Q: What is the best forex broker in Canada?

Finding the best forex broker in Canada is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Canada, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.

Q: Where can I trade forex in Canada?

The list in this page can be a good reference if you look to trade with in Canada. We have sorted specific forex brokers that accept clients from Canada, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.

Q: What is the best forex broker for beginners?

If you are a beginner and looking for the right broker to trade forex in Canada, some aspects that you need to pay attention to are the low minimum deposit, demo account , and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.

Q: What is the purpose of broker ratings?

Even though reviews are completely subjective, but it can be useful to learn about a broker's overall performance . Continue Reading at How to Avoid Fake Broker Reviews

Q: Why is a balanced review actually a good thing?

Because it is almost impossible for promotional websites and paid reviewers to mention a negative review about a broker . While a genuine reviewer can also leave a positive review and praise the broker for their services, they would state the reasons clearly instead of just saying how good the broker is, and maybe add some flaws that the broker has despite the other excellent services. Keep in mind that getting negative results in the reviews does not necessarily mean that the broker is straight unsafe or bad . It shows the reality of how forex brokers offer their service; there will always be a trade-off that traders need to weigh on carefully. In fact, showing just the positive side of a broker is not realistic and may seem dangerous since it is just what a scammer would definitely do to attract clients. Continue Reading at How to Avoid Fake Broker Reviews

Q: What does registered broker mean?

If a broker is 'registered', that means that the broker's registered as a company in a certain country and has one or more offices in that country. In this category, the broker does not necessarily have a license to operate as a broker and is usually not actively monitored by the country's regulatory body. The company's operations are also not always centered on the main office address but it could be outsourced to other areas. Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

Q: How should we rate brokers based on the trading conditions?

If you're looking for a good broker, make sure that it offers favorable trading conditions. This includes offering low fees, low commissions, low minimum deposits, and higher leverage . More specifically, find a broker that fits your criteria and fulfills your trading needs. For instance, choose a zero-spread broker if your trading strategy is spread-sensitive or if you want to press the cost as much as possible. It would be helpful if you make a comparison table between several brokers before deciding where to register. Continue Reading at 5 Things to Rate in Forex Brokers Quality

HOME / AMP / COUNTRY / CANADA

In Canada, forex brokers are overseen by the Investment Industry Regulatory Organization of Canada (IIROC). Unlike many other countries, IIROC is the industry's self-regulatory organization. The organization is recognized by the separate financial regulators that exist in Canadian provinces, such as the British Columbia Securities Commission and the Ontario Securities Commission.

Regarding the strict financial regulations by the Canadian government, many international forex brokers refuse to accept Canadian residents as their clients. Most of the Canadian traders are forced to sign up with a Canada-based forex broker. Therefore, many international forex brokers choose to set up a local presence with legal business entities registered in Canada, in order to serve the local Canadian traders better.

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	Score	Broker	Country	Regulation	Min Deposit	Max Leverage
723	73	Admirals	Canada	IIROC	$1	1 : 500	Review Website
43	55	Forex.com	Canada	IIROC	$250	1 : 200	Review Website
766	46	Crystal Ball Markets	Canada	FINTRAC (Canada)	$50	1 : 1000	Review Website
575	49	Fortrade	Canada	IIROC	$500	1 : 100	Review Website

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.