Brokers by Country · CA
Brokers in Canada, 2026
Tracked byIndependent review teamUpdated
Canada is one of the more restrictive retail FX/CFD jurisdictions globally. Retail accounts must be opened with CIRO-registered investment dealers and provincial securities commission registrants — Questrade, Interactive Brokers Canada, OANDA Canada and CMC Markets are the active retail FX names. Most internationally branded offshore brokers do not accept Canadian residents because of the registration burden and provincial-level "know your dealer" rules.
2 / 9 brokers accept Canada
mixedEditorial top pick
01Editorial top pick
01AvaTrade
ASICFSCACBIBVIOpen account at AvaTrade →- Avg spread
- 0.90pip
- Cost / lot
- $9.00
- Min deposit
- $100
- Max leverage
- 1:400
broker-published typicalno commissionEU/UK/AU retail: 1:30 · FSCA / BVI entities: up to 1:400Regulated in 6 jurisdictions · Spread-only pricing at 0.9 pip = ~$9/lot round-turn — wider than ECN/Raw brokers at similar volume
Fits ifYou are AU or EU retail and want CBI + ASIC double cover with 20 years of operating historyPlatformsMetaTrader 4, MetaTrader 5, AvaOptions, DupliTradeFounded in 2006 · Verified Jun 1, 2026
- 02
02Libertex
SVG FSAOpen account at Libertex →- Avg spread
- 0.50pip
- Cost / lot
- $5.00
- Min deposit
- $10
- Max leverage
- 1:999
midpoint of broker rangeno commissionLibertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.$10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight
Fits ifYou have $10 to start — one of the lowest entry minimums in our listPlatformsMetaTrader 4, MetaTrader 5, Libertex PlatformFounded in 1997 · Verified Jun 1, 2026
Country context
- Regulator
- CIRO · Canadian Investment Regulatory Organization — formed in 2023 from the merger of IIROC and the MFDA; provincial securities commissions (OSC, AMF, BCSC, ASC) supervise registration
- Currency
- CAD
- Payment methods
- Interac e-TransferWire transferEFTVisa Debit
Capital gains receive 50 % inclusion treatment for residents — half the gain is added to income and taxed at the marginal rate. Forex and CFD profits from Canadian-registered brokers receive standard T5008 reporting; income from offshore brokers must be self-declared via the T1 return. Quebec residents file separately with Revenu Québec.
CIRO sets retail FX leverage limits roughly equivalent to US RFED rules — about 1:50 on major pairs and lower on minors. Negative balance protection is standard. Quebec's AMF imposes additional disclosure and dealer-registration rules; Ontario's OSC has been active in publishing investor warnings and pursuing unregistered platforms.
Frequently asked
Which brokers accept residents of Canada?+
2 of 9 brokers in our ranking accept Canada: AvaTrade, Libertex.
Who regulates brokers for Canada?+
Primary regulator: CIRO — Canadian Investment Regulatory Organization — formed in 2023 from the merger of IIROC and the MFDA; provincial securities commissions (OSC, AMF, BCSC, ASC) supervise registration.
What payment methods are available?+
Common methods: Interac e-Transfer, Wire transfer, EFT, Visa Debit.
What are the tax rules for trading in Canada?+
Capital gains receive 50 % inclusion treatment for residents — half the gain is added to income and taxed at the marginal rate. Forex and CFD profits from Canadian-registered brokers receive standard T5008 reporting; income from offshore brokers must be self-declared via the T1 return. Quebec residents file separately with Revenu Québec.
Scope of coverage
- Brokers tracked
- 14
- Regulators indexed
- 55
- Regulator actions logged
- 2
- Latest pricing verification
- Jun 1, 2026
Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.