{"id":3493,"date":"2023-10-27T10:58:48","date_gmt":"2023-10-27T14:58:48","guid":{"rendered":"https:\/\/forexcanada.ca\/?page_id=3493"},"modified":"2024-04-01T15:19:55","modified_gmt":"2024-04-01T19:19:55","slug":"top-forex-brokers","status":"publish","type":"page","link":"https:\/\/forexcanada.ca\/top-forex-brokers\/","title":{"rendered":"Best Forex Forex Broker Canada 2024"},"content":{"rendered":"
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\r\n \"Martin\r\n
\r\n Written by: <\/span>Martin Jekic\r\n<\/a>, Forex Expert<\/span>\r\n Fact checked by: <\/span>\r\n Aron Smith<\/a>, General Manager at Forexcanada <\/span><\/span>\r\n
Updated on: April 01, 2024<\/div>\r\n <\/div>\r\n <\/div>\r\n \r\n <\/div>\n
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FXCC<\/a> and FP Markets<\/a> stand out as top-rated forex brokers in Canada.<\/strong><\/p>\n<\/div>\n

Discover the best forex brokers Canada has to offer. We’ve meticulously reviewed over 100 platforms across all 10 provinces to give you the top-rated forex brokers for beginners.<\/strong><\/p>\n

Whether you’re looking for Canadian-friendly payment methods, a variety of currency pairs, or generous welcome bonuses, we’ve got you covered. Check out our list of the best forex brokers in Canada below, or keep scrolling for more insights into the Canadian forex market.<\/p>\n

Compare the best forex brokers in Canada<\/h2>\n
Broker<\/div>
Rating<\/div>
Regulated<\/div>
Bonus<\/div>
Min. Deposit<\/div>
Max. Leverage<\/div><\/div>
1.<\/div><\/div>
\t\"FXCC<\/a><\/div>
<\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/div>
4.9<\/span> stars from 525<\/span> ratings<\/div>\t

Broker Verified<\/strong> <\/i><\/h4>\t<\/div><\/div><\/div>
\t

CySEC, FCA\r\n<\/p><\/div><\/div><\/div>

\t

100% Deposit Bonus<\/strong><\/p><\/div><\/div><\/div>

\t

USD 100<\/p><\/div><\/div><\/div>

\t

1:500<\/p><\/div><\/div><\/div>

\t\tSign up<\/a>\tSign up<\/a><\/span>
CFD service. Your capital is at risk.<\/div>
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.<\/div><\/div><\/div><\/div><\/div><\/div><\/div>
2.<\/div><\/div>
\t\"Avatrade<\/a><\/div>
<\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/div>
4.8<\/span> stars from 346<\/span> ratings<\/div>\t

Broker Verified<\/strong> <\/i><\/h4>\t<\/div><\/div><\/div>
\t

FCA, ASIC, IIROC\r\n<\/p><\/div><\/div><\/div>

\t

Up to 20% Deposit Bonus<\/strong><\/p><\/div><\/div><\/div>

\t

USD 100<\/p><\/div><\/div><\/div>

\t

1:500<\/p><\/div><\/div><\/div>

\t\tSign up<\/a>\tSign up<\/a><\/span>
CFD service. Your capital is at risk.<\/div>
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.<\/div><\/div><\/div><\/div><\/div><\/div><\/div>
3.<\/div><\/div>
\t\"FPMarkets<\/a><\/div>
<\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/div>
4.7<\/span> stars from 286<\/span> ratings<\/div>\t

Broker Verified<\/strong> <\/i><\/h4>\t<\/div><\/div><\/div>
\t

FCA, ASIC, CySEC\r\n<\/p><\/div><\/div><\/div>

\t

Demo of up to $100, 000<\/strong><\/p><\/div><\/div><\/div>

\t

USD 100<\/p><\/div><\/div><\/div>

\t

1:500<\/p><\/div><\/div><\/div>

\t\tSign up<\/a>\tSign up<\/a><\/span>
CFD service. Your capital is at risk.<\/div>
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.<\/div><\/div><\/div><\/div><\/div><\/div><\/div>
4.<\/div><\/div>
\t\"Fusion<\/a><\/div>
<\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/i><\/span><\/div>
4.6<\/span> stars from 845<\/span> ratings<\/div>\t

Broker Verified<\/strong> <\/i><\/h4>\t<\/div><\/div><\/div>
\t

VFSC, ASIC\r\n\r\n<\/p><\/div><\/div><\/div>

\t

Low Spreads from 0.0<\/strong><\/p><\/div><\/div><\/div>

\t

USD 10<\/p><\/div><\/div><\/div>

\t

1:500<\/p><\/div><\/div><\/div>

\t\tSign up<\/a>\tSign up<\/a><\/span>
CFD service. Your capital is at risk.<\/div>
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n

What is forex trading?<\/h2>\n

Forex, a concise term for Foreign Exchange or FX, lies at the heart of currency exchange. But it’s far more than a mere swapping of bills; it’s the unseen force shaping the prices of fuel, groceries, imported goods, and even your travel expenses. The Forex market is a relentless juggernaut, operating around the clock for five days a week, with daily trading volumes that defy imagination—trillions of dollars changing hands seamlessly. It proudly stands as the world’s largest and most liquid financial market.<\/p>\n

In April 2022, the Bank for International Settlements reported an astonishing daily turnover of US$7.5 trillion (CAD$10.2 trillion) in the global Forex market. This remarkable figure solidifies its position as the unrivaled champion of financial markets, leaving stock and bond markets in the dust.<\/p>\n

Is trading forex legal in Canada?<\/h2>\n

Yes, forex trading in Canada is 100% legal when trading with a licensed broker. We know Canadian laws and regulations can seem hard to understand. The Investment Industry Regulatory Organization of Canada (IIROC) is the national regulator of forex trading in Canada. However, there is also a local regulator in each provinces and territories.<\/p>\n

Below are list of forex regulatory bodies in Canada:<\/p>\n