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Newfoundland and Labrador · NL

Forex and trading in Newfoundland and Labrador

Securities regulation in Newfoundland and Labrador is handled by the Office of the Superintendent of Securities within Service NL. Residents can use CIRO-registered brokers that serve Atlantic Canada.

By ForexCanada Editorial Team · Updated

Your securities regulator

Office of the Superintendent of Securities (Service NL)

What's specific to Newfoundland and Labrador

  • Newfoundland Time is 30 minutes ahead of Atlantic Time: forex opens Sunday at 6:30 p.m.
  • Labrador's southeastern communities follow Newfoundland Time; most of Labrador uses Atlantic Time.

Registered forex brokers for Newfoundland and Labrador residents

CIRO dealer members offering forex or CFDs that didn't exclude Newfoundland and Labrador at our last check, ranked by our score.

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.5/ 10
    Visit siteFull review
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.4/ 10
    Visit siteFull review
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

    8.9/ 10
    Visit siteFull review
  4. #4

    FOREX.com Canada

    CIRO-registered

    Best for: Active forex traders who want MT5, TradingView and commission-based pricing

    Platforms
    MT4, MT5, TradingView
    FX pairs
    80+
    Min. deposit
    $100
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify under a prospectus exemption (e.g. accredited investor) to trade CFDs.

    8.7/ 10
    Visit siteFull review
  5. #5

    OANDA Canada

    CIRO-registered

    Best for: Canadians who want a pure-play forex specialist with TradingView and MT4

    Platforms
    MT4, TradingView
    FX pairs
    60+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Does not currently accept residents of Alberta.

    8.5/ 10
    Visit siteFull review
  6. #6

    AvaTrade Canada (Friedberg Direct)

    CIRO-registered

    Best for: Beginners who want MetaTrader 4/5 with a Canadian-regulated dealer

    Platforms
    MT4, MT5
    FX pairs
    50+
    Min. deposit
    About C$300 / US$250 (check current terms)
    CIPF
    Yes
    8.4/ 10
    Visit siteFull review
  7. #7

    FXCM Canada (Friedberg Direct)

    CIRO-registered

    Best for: Algorithmic and API traders who want a Canadian-regulated account

    Platforms
    MT4, TradingView
    FX pairs
    40+
    Min. deposit
    See site
    CIPF
    Yes
    8.3/ 10
    Visit siteFull review
  8. #8

    Plus500 Canada

    CIRO-registered

    Best for: Casual CFD traders who want a very simple app from a listed company

    Platforms
    Proprietary
    FX pairs
    60+
    Min. deposit
    C$100
    CIPF
    Yes

    ⚠ Not available in Québec. Alberta residents may face additional eligibility requirements.

    8.2/ 10
    Visit siteFull review

Looking for stocks, ETFs or a TFSA? See the best online brokerages. For crypto, see registered crypto platforms.

Forex market hours in Newfoundland Time

Newfoundland and Labrador: common questions

Is forex trading legal in Newfoundland and Labrador?

Yes. Residents of Newfoundland and Labrador can trade forex through investment dealers that are CIRO members and registered in Newfoundland and Labrador. The Office of the Superintendent of Securities (Service NL) enforces securities law in the province.

Which forex brokers accept Newfoundland and Labrador residents?

At our last check, CIRO dealers offering forex to Newfoundland and Labrador residents included Interactive Brokers Canada, Questrade, CMC Markets Canada, FOREX.com Canada, OANDA Canada, AvaTrade Canada (Friedberg Direct).

How do I report an investment scam in Newfoundland and Labrador?

Contact the Office of the Superintendent of Securities (Service NL) and the Canadian Anti-Fraud Centre (1-888-495-8501). If you sent money, contact your bank immediately.

When does the forex market open in Newfoundland and Labrador?

The global forex week runs from Sunday 5 p.m. to Friday 5 p.m. Eastern Time. See the live clock on this page for Newfoundland Time.