ASIC, CySEC, FCA UK +2 more
IIROC regulator in Forex
IIROC, the Investment Industry Regulatory Organization of Canada, is a non-profit, national, and self-regulatory body responsible for overseeing investment dealers and trading activities in Canada's debt and equity markets. Forex brokers regulated by IIROC are highly regarded for their reliability, thanks to the organization's strict policies and commitment to maintaining the highest standards.
Established in 2008, IIROC plays a crucial role in setting industry and regulatory standards. The organization wields judicial powers, enabling it to enforce securities regulations through investment hearings and the imposition of sanctions on members and registered representatives. This strong regulatory framework ensures that Forex brokers under IIROC adhere to stringent guidelines, providing a secure and transparent environment for traders and investors alike.
8.82
IIROC imposes various essential standards on Forex brokers under its jurisdiction. For retail clients, the maximum leverage allowed stands at 1:50 for major currency pairs and 1:20 for non-major currency pairs. This means that traders can control up to $50 worth of major currency pairs or $20 worth of non-major currency pairs for every dollar of their capital, offering ample opportunities for trading with managed risk.
Furthermore, the protection of investors is a top priority for IIROC. In the unfortunate event of broker insolvency, clients can receive compensation of up to 1 million per account, encompassing all account types. This safety net provides added assurance to investors, bolstering confidence in the Forex brokers regulated by IIROC.
In conclusion, we have meticulously compiled a list of the best IIROC regulated Forex brokers that prioritize transparency, maintain low spreads, and offer reasonable minimum deposit requirements. The leverage ratio of 1:50 caters to both experienced traders and those starting with a limited budget, making these brokers an attractive option for traders seeking a secure and rewarding trading experience.
