Editorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Capital at risk. Verify regulation and terms directly with each broker before opening an account.
Forex Regulation in Canada
Canadian forex dealers are overseen by CIRO, which carries on the regulatory functions of the former IIROC and MFDA, with provincial oversight (OSC in Ontario). If a CIRO member firm becomes insolvent, the Canadian Investor Protection Fund covers missing client property up to CAD 1,000,000 for all general accounts combined; it does not cover falls in investment value. Canadian residents should use CIRO-member dealers.
Max Leverage (Retail)
50:1
Investor Compensation
CAD 1,000,000 for general accounts (CIPF)
Negative Balance Protection
Not guaranteed
Recommended Brokers for Canada
OANDA
OANDA has provided FX data to central banks and governments since 1996. One of the few brokers accepting US clients. Known for currency data accuracy and strong research tools.
IG Group
IG is the world's largest CFD provider and a FTSE 250 company. With 50 years of history and regulation across 8 jurisdictions, it's the gold standard for trust and research quality.
CMC Markets
CMC Markets offers the most forex pairs of any broker (330+) and a proprietary platform that rivals the best. A FTSE 250 company with 35 years of history and FCA/ASIC regulation.
This is not financial or legal advice. Consult your local regulator for guidance.