Shortlist

Best forex brokers in Canada in 2026

In Canada, retail forex dealers are overseen by the Canadian Investment Regulatory Organization (CIRO), and member firms' clients are covered by the Canadian Investor Protection Fund (CIPF) within its limits. Of the brokers we review, three serve Canadians through a CIRO-registered company: OANDA, FOREX.com and Interactive Brokers.

Checked 5 Nov 2026 · Against each broker's Canadian disclosures and the CIRO dealer directory

Canadian brokers side by side

Broker

Canadian company

Best for

OANDA

OANDA (Canada) Corporation ULC

No minimum deposit; TradingView and MT4

FOREX.com

GAIN Capital – FOREX.com Canada Ltd.

MetaTrader 5 and TradingView

Interactive Brokers

Interactive Brokers Canada Inc.

Larger orders and multi-asset accounts

Our FOREX.com review covers its US company; Canadian accounts are held by the separate Canadian dealer, so confirm deposits and pricing on FOREX.com's Canadian site before you apply.

Leverage and margin in Canada

CIRO sets minimum margin rates for each currency and updates them when volatility rises, so the maximum leverage on a pair can change. OANDA notes that margin also depends on your account's base currency. Check the current margin table on your broker's Canadian site rather than relying on a fixed figure.

What about the other brokers we review?

IC Markets says its global company does not serve Canadian residents. None of the other brokers we review lists a CIRO-registered Canadian company. If a broker accepts you through an offshore company, you would not have CIRO oversight or CIPF coverage.

Before you open an account

Checklist

✓Search the firm's exact legal name in the CIRO dealer directory.

✓Confirm the account is opened with the Canadian company, not an overseas affiliate.

✓Check whether a CAD base account is available to avoid conversion fees.

Sources

Researched by the Forex Awards research desk

Terms change often and can differ by country. Always confirm the figures for your entity on the broker's site before opening an account. Spotted something out of date? Tell us.