Forex Brokers in 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.

Broker Regulation Max Leverage Min Deposit General Rating
FXCM
Canada
1999
ASIC 309763
CONSOB (Italy) 76
DMCC (Dubai) 31171
FCA (UK) 217689
ISA (Israel) 2
SFC (Hong Kong) AIM232
1:400 $1 Review
OANDA
Canada
1995
CFTC/NFA 0325821
FCA (UK) 54257
FSA (Japan) 1571
Kanto Local Finance Bureau (Japan) 2137
1:50 $1 Review
Interactive Brokers
Canada
1977
ASIC 453554
CFTC/NFA 0258600
FCA (UK) 208159
Monetary Authority of Singapore CMS100917
SEC (US) 8-47257
1:100 $10000 Review
CMC Markets
Canada
1989
FCA (UK) 173730 1:500 $1 Review
Questrade FX
Canada
1999
None 1:200 $1000 Review
FXPCM
Canada
2007
Dubai Gold and Commodities Exchange 114
SCA (UAE) 204
1:500 $100 Review
WesternFX
Canada
2013
FSA (St. Vincent & the Grenadines) 21937 1:500 $25 Review
ads

ads

ads

ads





Search Other Brokers