AvaTrade
400,000+ clients worldwide
- Min. deposit
- $100
- Fee level
- Low
- Protection
- Yes (CIPF)
- Mobile platform
- Yes, iOS + Android
2026 comparison · CIRO brokers
Compare the Forex brokers authorized in Canada
Independent reviews based on 40 criteria. Choose a product or a platform.
All the brokers listed are authorized by CIRO and members of the CIPF
The top-rated Forex brokers in Canada
Forex Brokers Canada rates the CIRO-authorized Forex and CFD brokers on 40 verifiable criteria, to help you make an informed choice.
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FOREX.com
300,000+ active accounts (StoneX group)
- Min. deposit
- $100
- Fee level
- Low
- Protection
- Yes (CIPF)
- Mobile platform
- Yes, iOS + Android
Plus500
240,000+ active clients worldwide
- Min. deposit
- $100
- Fee level
- Low
- Protection
- Yes (CIPF)
- Mobile platform
- Yes, iOS + Android
Questrade
CIRO + CIPF member
- Min. deposit
- $1,000
- Fee level
- Medium
- Protection
- Yes (CIPF)
- Mobile platform
- Yes, iOS + Android
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Full ranking
All the brokers authorized in Canada, ranked by rating on 40 criteria.
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Compare 2 or 3 brokers side by side on 40 criteria.
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Choosing a broker comparison site matters. Our reviews are based on 40 verifiable criteria and on live account testing with our partners, not on marketing.
9 years
analyzing the Canadian market, since 2017.
40 criteria
per broker, grouped into 5 evaluation pillars.
5 pillars
regulation, platforms, fees, instruments and customer service.
Make an informed choice
Our tools, our reviews and our public methodology give you the information you need to choose a broker with confidence.
Public methodology
40 criteria grouped into 5 pillars, published in full. Every rating can be checked.
Authorized brokers only
We only review brokers authorized by CIRO and members of the CIPF.
Live account testing
Platforms, execution and customer service tested on live accounts with our partners.
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Each broker is rated on 40 criteria grouped into 5 pillars: regulation, fees, platforms, instruments and customer service. The full public methodology is detailed on our methodology page.
We currently review 6 Forex and CFD brokers authorized by CIRO and members of the CIPF: AvaTrade, FOREX.com, OANDA, Questrade, Plus500 and Fortrade. Other brokers authorized in Canada will be added as we complete our reviews.
Our ranking and our reviews are based solely on our public 40-criteria methodology. When you open an account with a broker through one of our links marked with a star, we may receive a commission, but this changes neither our ratings nor our ranking order.
CIRO (Canadian Investment Regulatory Organization), created in June 2023 from the merger of IIROC and the MFDA, oversees investment dealers in Canada, including Forex and CFD brokers. The CIPF (Canadian Investor Protection Fund) protects client property up to $1 million per account category if a member dealer becomes insolvent. It does not cover trading losses.
We only cover brokers authorized by CIRO and members of the CIPF. A broker missing from our list may be an authorized broker we have not reviewed yet, or a platform that is not authorized in Canada. Always check a broker's registration on the official CIRO website before opening an account.
We offer two free tools: the Asset Compass, to identify the instruments that match your profile, and Find My Broker, a 5-step questionnaire that recommends the brokers suited to your needs.