ASIC, CySEC, FSCA +2 more
Top Forex brokers in Canada
Canada is the second-largest country globally, stretching from the Atlantic to the Pacific and north to the Arctic. Its border with the USA is the longest international land border. The capital is Ottawa, and the biggest city is Toronto. Official languages are English and French, reflecting Canada's history of British and French colonization.
Canada has a constitutional monarchy with a parliamentary democracy. Justin Trudeau has been the prime minister since 2015. The country is recognized for its high quality of life, transparent government, and competitive economy.
The financial sector is well-established and plays a crucial role in the economy. Trusted Forex brokers in Canada operate under the oversight of the Canadian Investment Regulatory Organization (CIRO), which was formed in June 2023. The CIRO has taken on the roles of the Investment Industry Regulatory Organization (IIROC) and the Mutual Fund Dealers Association (MFDA).
Before they can accept Forex and CFD traders, Canada's Forex brokers need authorization from the CIRO. Canada also has a strong cooperative banking sector with the world's highest per-capita credit union membership.
Below, we've compiled a comprehensive list of the top Forex brokers in Canada, making it simpler for Canadian traders to choose a reliable broker.
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
Platforms
MT4, MT5
8.46
7.92
MT4MT5Copy tradingHigh leverageSignals
Regulations
CySEC, FCA UK, FSA Labuan +2 more
Platforms
MT4, MT5
7.74
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
7.57
7.39
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CMA, FSA Seychelles +1 more
Platforms
MT4, MT5
7.21
MT4MT5Copy tradingECNHigh leveragePAMM
Regulations
FCA UK, FSC Mauritius
Platforms
MT4, MT5
6.85
6.49
5.95
MT4MT5Copy tradingECNHigh leveragePAMMSignals
Regulations
CySEC
Platforms
MT4, MT5
Canada boasts a highly developed mixed-market economy, ranking as the world's eighth-largest in 2022 with a nominal GDP of around US $2.221 trillion. The nation's economy is globally connected, with advanced trading systems. In 2021, Canadian trade totaled $2.016 trillion, with exports of over $637 billion and imports surpassing $621 billion, mainly from the USA. Despite some trade deficits, Canada remains an economic force.
The Toronto Stock Exchange ranks ninth globally, hosting over 1,500 companies with a collective market capitalization exceeding US$2 trillion.
Given its advancement, the best Forex brokers in Canada offer attractive conditions, including Canadian Dollar-denominated Forex accounts. Stock trading, commodities, and Forex are all popular in Canada.
The country is among the few developed nations with net energy exports and substantial oil and natural gas reserves. It's also a significant exporter of agricultural products, minerals, and metals. Despite this progress, Canada continues to invest significantly in research and development, producing Nobel laureates and ranking high in scientific publications.
Overall, Canada is a highly developed nation with a robust economy and living standards. Canada's Forex brokers are among the most secure intermediaries in financial services.
