The bricks and mortar Canadian finance sector is very well regulated. In fact, there are three Regulatory Commissions and Trade Association that many financial companies must belong to. These are, theBritish Columbia Securities Commission (BCSC)Investment Industry Regulatory Organization of Canada (IIROC)
When it comes to Forex Brokers and Forex trading sites online however, Canadian citizens are welcome to sign up and trade at any of the online brokers, without restrictions.
We would strongly recommend that you do your research and select a broker that meets your requirements and can be trusted. If this sounds like a lot of work, youre in luck as weve done the hard work for you. Weve researched and reviewed some of the best brokers available today. These recommendations to our Canadian Traders are presented below.
This guarantees that we can promote and showcase the best Forex brokers, safe in the knowledge that you, as a Canadian citizen, are going to get a completely hassle free and first class trading experience.
Avatrade is incorporated and regulated by the Central Bank of Ireland, the Markets in Financial Instruments Directive of the EU (MiFID), the Australian Securities and Investments Commission (ASIC), is registered as a financial services company in the BVI and regulated by the Financial Futures Association of Japan. One of the unique features ofAvatradeis that they offer leverage of 400:1, one of the highest in the industry.
This broker offers an extensive set of trading tools and calculators. Perfect for the more experienced trader that wants to asses his levels of risk/reward or conduct more extensive technical analysis. Junior traders are also wellcatered for at LMFX, with the offering of great market analysis articles, extensive educational materials and one of the best demo account offers weve ever seen.
offer attractive bonuses, tight Forex spreads, flexible leverages, low rates, an established platform and the offer of straight through processing (STP).They also offer a low deposit amount of just $250, and a personal account managercapable of either guiding new traders, or helping more experienced traders to optimise their trading strategies. If youre still unsure about using them, we suggest that you open a
eToro is a unique broker as they bring traditional trading up-to-date by offering a Social Trading experience. Essentially, traders get to see & copy the strategies used by other more successful traders.eToro are fully regulatedin several different jurisdictions and their licensing authorities include the NFA (US), CySEC (Cyprus), ASIC (Australia), CFTC (US), MiFID (Europe) and the FCA (UK). A leverage of 400:1 is offered along with fantastic account management.
OandA is in fact licensed in Canada by the IIROC. They have also been granted licenses to operate by the CFTC (US), NFA (US), the FCA (UK), the Monetary Authority of Singapore and also the Dubai Financial Services Authority. They offer a low minimum deposit amount and a leverage of 50:1.
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