The financial markets in Canada have a moderately long and stable history, with the Toronto Stock Exchange (TSX) having developed to become the biggest in Canada. In addition to the TSX, dealers in Canada also have access to two alternative stock trades.
NASDAQ Canada is based in Montreal, Quebec, whereas the Canadian Securities Exchange (CSE) is run by CNSX Markets Inc. and has its base in Toronto, Ontario. Numerous dealers discover Canada and its financial markets ideal to function due to the country’s moderately stable economy and political structure.
When looking for a broker to trade through in Canada, individuals should check to see that they offer an appropriate extension of asset classes, a popular trading platform, strong regulation, and satisfactory financial security for a margin deposit. Here we help you choose the brokers that accept Canadian clients.
BEST FOREX BROKERS IN CANADA
This online discount broker offers flagship exchanging platform for Canadian dealers with managed trading accounts.
Dealers enjoy opening accounts with no commissions, excellent service, low per-trade costs, and other benefits for DIY forex investors. QuesTrade is a part of the IIROC, Canada’s administrative body.
Dealers can exchange over 40 currency pairs with target spreads from 1.7 pips. The QuestradeFX Worldwide platform permits you to exchange currencies, commodities, and more.
Features of the platform include technical analysis indicators, watchlists to keep an eye on instruments, and support for exchanging rapidly from your watchlist, from the chart or the dedicated trade ticket.
Beyond its broad extent of products, multi-asset dealers certainly select City Index for competitive spreads, awesome platform choices, premium research tools, and solid client service, all under the backing of Gain Capital, which is one of the biggest retail brokers.
When utilizing its exclusive platforms, City Index is a fantastic choice for low-cost exchanging. Whether trading with one of City Index’s proprietary platforms or using MetaTrader, City Index provides extraordinary tools, market research, and a diverse offering of trading products.
OctaFX is an online financial service supplier that was created in 2011, with a head office in St. Vincent and the Grenadines. They are also affirmed and controlled by CySEC, and can ultimately provide administrations to clients from Canada.
OctaFX offers FX spot exchanging, along with CFDs trading on Crypto-currencies, Indices, Metals, and Commodities.
They support trading platforms such as MetaTrader and cTrader, which are accessible on Web, Mobile, and Desktop. OctaFX also has its own mobile trading application.
OctaFX has a website that is approved by the Cyprus Securities and Exchange Commission, also known as CySEC that is under the Octa-Markets Cyprus Ltd.
Oanda is a pioneering broker and one of the best forex brokers with offices around the world in San Francisco, Toronto, London, New York, Singapore, Tokyo, and Sydney.
It is a part of the National Futures Association. The significant regulatory authorities in Australia, UK, Canada, Japan, Singapore, and the US supervise the brokers to make sure dealers are secured.
Variable spreads, low minimum deposits, no minimum trade size, no commission, or account maintenance expenses makes Oanda a well known exchanging platform for institutional and individual customers.
Oanda offers variable spreads, the EUR/USD averaging to 1.4 pips. The fxTrade platform has adequate tools and charts for analysis and lets dealers utilize numerous sub-accounts to test methodologies, market examination, and financial news.
The ProTrader platform offers more progressed charts, scanning and other alternatives for dealers. The popular MetaTrader 4 will also be familiar to many Forex traders who like to automate their trades.
Through its offices regulated in major worldwide financial centres, IC Markets offers traders a vast extent of financial products with beneficial pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
Established in 1989, CMC Markets is publicly-traded, and directed in four tier-1 jurisdictions alongside two tier-2 authorities, making it a secure broker (low-risk) for forex and CFDs exchanging. CMC Markets is a pioneer for low-cost exchanging and Professional Trading, which includes the biggest selection of currency pairs in the industry.
The CMC Markets Next Generation platform conveys excellent tools, comprehensive market research, a great mobile app and a considerable choice of about 10,000 trading instruments.