Forex & CFD broker
FXOpen Canada Review: Is It Regulated in Canada?
By ForexCanada Editorial Team · Updated
Canada check
FXOpen holds licences outside Canada but is not registered with CIRO or any provincial securities regulator. If it accepts you, your account will normally be opened with an offshore group entity rather than its better-regulated subsidiaries — so CIPF coverage, CIRO margin rules and OBSI complaint handling do not apply. We could not confirm that it currently accepts Canadian residents — check its restricted-countries list before applying.
- Canadian status
- Not registered in Canada
- Canadian entity
- None — not registered in Canada
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Canadian eligibility unconfirmed
- Founded
- 2005
- Headquarters
- London, UK
Our take on FXOpen
FXOpen is one of the early ECN retail brokers, now with FCA and ASIC licences and TickTrader/TradingView platforms. Not registered in Canada.
FXOpen was one of the first retail brokers to market ECN accounts in the late 2000s and now holds FCA and ASIC licences for its U.K. and Australian businesses. Its TickTrader platform and TradingView integration are well regarded. It isn't registered in Canada, and Canadian eligibility is unconfirmed.
What we like
- +ECN heritage
- +TradingView integration
Watch out for
- −Canadian eligibility unconfirmed
- −Not registered in Canada — no CIPF, CIRO or OBSI protection
How FXOpen scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- MT4, MT5, TradingView
- Markets
- Forex (50+ pairs) · CFDs
- Leverage
- Offshore entities often advertise 100:1 to 500:1 or more
- CAD / USD accounts
- — CAD | — USD
- Demo account
- Available
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify FXOpen yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Registered alternatives for Canadians
These firms are CIRO dealer members with CIPF-eligible accounts:
Interactive Brokers Canada
Online brokerage
Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Questrade
Online brokerage
Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
CMC Markets Canada
Forex & CFD broker
Traders who want the widest CFD and currency-pair range from a Canadian dealer
FXOpen: frequently asked questions
Is FXOpen regulated in Canada?
No. FXOpen is not registered with CIRO or any provincial or territorial securities regulator, although it holds licences elsewhere (United Kingdom, Australia, Cyprus (EU)). Canadian protections such as CIPF coverage and OBSI complaint handling do not apply.
Can Canadians open an account with FXOpen?
We could not confirm this. Check FXOpen's restricted-countries list and account-opening terms, and remember that even if it accepts you, you won't have Canadian regulatory protection.
Does FXOpen offer MetaTrader?
Yes — FXOpen supports MT4 and MT5, and you can also trade from TradingView.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
Loading reviews…