Best Forex Trading Brokers in Canada
Forex: trade up to 55 currency pairs on fixed spreads and versatile leverage through MetaTrader 4. Interestingly, you’ll also trade currency forwards and options with maturities between 1 day and 1 year.
Cryptos: trade CFDs on Bitcoin and a good range of altcoins like Ethereum, Ripple and Neo. AvaTrade was one among the primary to support CFD trading for crypto-currencies.
Shares and indices: trade CFDs on global stock indices and therefore the shares of over 100 popular American and European companies like Amazon, Apple, Facebook and Google.
Oil and precious metals: trade CFDs on petroleum , Brent oil, gas and also as gold and precious metals.
Treasuries: trade CFDs on short and long-dated American, European and Japanese government bonds without commission.
You may open an account with either Ava Trade EU Ltd or Ava Trade Ltd, headquartered respectively in Ireland and therefore the BVI. We’ve attempted to summarise key differences between each below. Please visit AvaTrade.com for an in depth comparison.
Ava Trade EU Ltd: offers Retail and Professional accounts. The Retail account has lower leverage and marginally higher spreads than the Professional account. Across currencies, leverage is capped at 1:30 for Retail clients, but can get up to 1:400 for Professional clients.
Ava Trade Ltd: offers AvaTrade’s Standard MT4 account with leverage up to 1:400. It offers an equivalent choice of markets as Ava Trade EU Ltd, also as negative balance protection.
AvaTrade provides Sharia-compliant trading conditions to clients of Muslim faith. It charges no fees or swap on trades that stay open overnight, a sort of interest. Instead, it charges a commission that’s set beforehand and depends on the currency pair and trade size. All financial instruments, except crypto-currencies, are available through AvaTrade’s Islamic account.
AvaTrade supports MetaTrader 4, one among the world’s hottest Forex trading platforms. Download MetaTrader 4 to your Windows computer directly from AvaTrade.com. Alternatively, you’ll access the trading platform through your browser – this is often also fitted to Mac users.
Of note, AvaTrade allows all Expert Advisors except arbitrage EAs. This includes automated trading programmes and scalping robots. If you’re conversant in the .NET or Java programming languages, you’ll also execute trades over an API at no additional cost.
AvaTrade (AvaTrade.com) has received over 30 awards since 2009 in recognition of its platform, reliability and customer service. Significant awards include:
Best Forex Broker 2011 – 2017, by FX Empire.
Best Trading Experience 2011 – 2017, by FX Empire.
Best Bitcoin CFD Trading Provider of 2017, by the ecu .
Best Forex Customer Service 2012, by the worldwide Banking & Finance Review. Customer service representatives are available 24/5 online and on the phone in over 30 different countries and 11 languages.
AvaTrade (AvaTrade.com) is headquartered in Ireland and controlled in Europe, Australia, South Africa , Japan and therefore the BVI. Clients funds are held in segregated accounts with leading international banks.