CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Di best fx brokers wit loonie accounts
Di Canadian dollar (CAD) na di official fiat currency of Canada, wey divide into 100 cents. Dem dey call am "loonie" because of di picture of a common loon wey dey im one-dollar coin, and "toonie" because of di two-dollar coin. Di popularity of CAD dey show for di high trading volumes and narrow spreads of di USDCAD currency pairs. Traders dey commonly call dis pair "loonie".
To take care of Canadian traders, plenty well-known brokers dey provide CAD FX trading accounts, wey offer range of benefits. When traders use CAD as di base account currency, e fit reduce currency conversion fees and lower transaction costs. By no need to buy foreign currencies for deposits and trading, Canadian traders fit save money and keep more of their trading capital.
Di strength of di Canadian dollar dey show more because e be di 6th most-held reserve currency for di world. Canada economic stability, strong sovereign position, reliable legal and political systems na im make dis happen. Additionally, di connection with Canada status as one of di world oil-producing countries dey make di USDCAD pair one of di commodity pairs, wey dey attractive to traders. As a result, plenty FX brokers wey dey offer accounts in Loonie dey try to appeal to Canadian traders with low costs and desirable conditions.
Di popularity of di USDCAD pair no fit argue, because e be di 6th most traded currency for di world. E high liquidity and consistency of trading activity make am di choice for traders wey dey find opportunities for di forex market.
Overall, di Canadian dollar position as important reserve currency, di way e dey attractive to traders because of di stability of di country economy, and di way e dey hold im rank as one of di most traded currencies na im show say e dey important and get influence for di global financial landscape.
9.54
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.28
8.10
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
7.74
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
5.23
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSCA, VFSC
Platforms
MT4, MT5
4.69
MT4MT5cTraderDeposit bonusECNHigh leverageSignalsSTP
Regulations
Platforms
MT4, MT5, cTrader +1 more
4.15
MT4MT5cTraderCopy tradingECNHigh leveragePAMM
Regulations
ASIC, CySEC, FSCA
Platforms
MT4, MT5, Myfxbook AutoTrade +1 more
3.79
CAD, or di Canadian dollar, start to dey float for 1970, but e start from 1871. Dem dey call am "buck," dis currency dey influence by supply and demand, e get strong connection with oil prices because of di important role wey Canada dey play as major oil producer. Forex brokers wey get loonie accounts fit dey provide oil trading with low spreads and commissions, wey dey make am attract Canadian residents.
Canada, as one of di strong countries wey dey globally, get regulator wey dem dey respect for Forex brokers wey dem dey call Investment Industry Regulatory Organization of Canada (IIROC). Dis regulator wey strict wella, dey make sure say Canadian investors and traders dey safe. Forex brokers wey dey offer CAD accounts must follow IIROC rules and guidelines.
Even though some traders gather mind mistakenly consider USDCAD as major pair, e no be so. But e still dey one of di most traded pairs for di FX market.
Dem dey fully acknowledge di stability of di Canadian dollar and e no tey before people begin dey use am for Canada, and also e dey for global reserves wey central banks dey hold. To choose di best Forex brokers wey get CAD accounts no dey hard, because many established brokers dem dey under IIROC regulation and dem dey offer their services to Canadians.
