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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Canada

Best Canada brokers
The Best Canada Brokers 2021

This guide to the top trading platforms in Canada has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest information about finding the best broker in Canada.

If you're a new entrant into the world of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept skills at all the concepts of brokerage since you continue trading. For starters, you have to select the top broker in Canada who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan is key to your success.

We currently have 18 Trading Patforms in our database that we think are the Reputable Brokers in Canada

Finding The Reputable Canada Brokers?

This review has been written to help you find an experienced Canada broker. When searching for a great, reliable broker in Canada it can be a little confusing.  Below we explain what your trading platform are in Canada and what Canada brokers can do for you.

A free trial of a minimum of three weeks is the best way to understand the quality and reliability of any Canada broker. Before making any final decisions, you have to be able test the tradins platform's and software in real-time but with minimal risk. A demo account will allow you to test the software and see how easy it is. A professional broker in Canada should make it as simple as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 18 Brokers in our database that we think are the Best Trading Patforms in Canada

gbe brokersjoseph palmer and sonsfx global marketsm1 financeAdamant Financeiq optionVPE Bankfxcl marketsforex4youBulbrokersAmscot StockbrokingBlitzbrokerseasyMarketsAJ BellColmexumarketsFirst TradeIntertrader
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Rating6.30/56.45/56.65/54.25/55.86/53.15/54.16/57.15/53.25/53.36/52.68/54.36/58.98/52.83/54.46/54.20/55.86/56.28/5
Minimum Deposit$250$250$250$250$100$250$5000$250$250$100$500$1$100$100$100$250$5$1
Year Founded201520212017201820082019200820062020200018531982200319971990201820082009
HeadquartersBulgariaCyprusUnited StatesAustraliaSaint Vincent and the GrenadinesUnited StatesGermanyCayman IslandsUKBulgariaAustrailiaHong KongCyprus, AustraliaUKCyprusBulgariaUSAGibraltar
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F246Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F264Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin), Financial Industry Regulatory Authority (FINRA)Financial Services Authority (FSA) number 1637Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F227Financial Services Authority (FSA)Ministry of Economic Affairs and Communications (Estonia)Securities and Futures Commission (SFC)Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)Central Bank of UAESecurities and Exchange Commission (SEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F333Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA)
Clients10,000+10,000+10,000+10,000+10,000+14,000,000+10,000+10,000+142,500+10,000+10,000+10,000+142,500+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at risk83.12% of retail investors' accounts incurred losses when trading differential contracts with this providerYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskFXCL Markets Ltd. is compensated by the spread. Leverage may increase gains or losses. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.Your capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at risk73% of retail CFD accounts lose money with this provider.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed deposits
Withdrawal FeesNoNoYesNoNoYesYesNoNoNoYesNoNoNoNoYesYesNo
Inactivity FeesNoNoNoNoNoNoYesNoYesYesNoNoNoNoNoYesNoNo
Deposit Fees2502502502501002505000250250100500110010010025051
CFD FeesYesNoNoYesNoNoYesNoYesYesNoNoNoNoNoNoNoNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesYesYesYesNoYesNoYesYesNoNoNoNoNoNoYesNoNo
Accepts SkrillYesYesYesYesNoYesNoYesYesNoNoNoYesNoNoYesNoNo
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesNoYesYesYesYesYes
Accepts NetellerYesYesYesYesNoYesNoYesYesNoNoNoYesNoNoYesNoNo

Online Share Trading In Canada

Trading stocks and shares in Canada is highly controlled and considered very safe. However, be aware that any investment may go down as well as up, so your capital is at risk.

If you're just starting out with online trading then it is advised to have a demo account with a regulated broker so that you can learn the systems without the danger of losing cash.

Live Forex Trading In Canada

Forex is the greatest liquid financial market in the world with a daily financial market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (short for Foreign Exchange) is a money exchange between two distinct countries and the following management of the consequent position where one currency gains and the other loses.

It's simple to do Live Forex Trading in Canada with seasoned online agents

Live CFD Trading In Canada

CFD trading is the selling and buying of contracts for difference via an online agent in Canada. When trading CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Canada

Spread Betting in Canada is possible using professional online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Canada online trading platforms will show the prices you have.

If you are looking at how to do spread betting in Canada then it is suggested to start with a demo account with either XTM or IC Markets so that you can practice with virtual money before risking your own capital.

Trading Forex in Canada

Globally, Canada is considered safe to do online trading and has access to other global financial centers. In Canada, online brokers are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the most important things a trader should know:

The financial markets in Canada are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Canada.

The online trading apps used by brokers in Canada are extensively tested and highly rated & secure.

Whichever Online Trading Brokers in Canada you decide to use, ensure they have all of the below:

  • User friendly platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Canada

The US Dollar is considered the base currency globally so even a tiny change in the US economic markets can affect the financial markets in Canada. The EU is also a large economy and changes there may affect the economic markets in Canada.

Like all countries there are opportunities in Canada economic markets and overall the outlook is positive. However, like in all global economic markets we recommend that any Online Trading Platforms in Canada you decide to use, make sure you do your due diligence first before risking your money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Canada.  We hope that by using this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Canada

Is Forex Trading Legal In Canada?

There is a growing misconception that trading Forex in Canada is deemed unsafe. This is not the case, Forex Currency trading in Canada is quite active, safe and regulated.

Trading in Forex is permitted in Canada as for any business to trade internationally, foreign currency has to be exchanged. Whenever you buy something and it's shipped from abroad, there'll be multiple money exchanges by multiple businesses to receive that item to you.

The important issue is that if trading Forex in Canada you pick one of the top online brokers.

Do Forex Traders Pay Tax In Canada?

Once a trader is successful and their gains reach a particular level then they may be taxed in Canada according to the typical tax rules.

Tax returns should always be filed even if there's a loss. You should seek advice with a documented accountant in Canada to make certain you are abiding by all current local laws since it is very dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Canada?

Cryptocurrency markets in Canada are rather new. As Cryptocurrencies work on decentralised assets in Canada matters like interest rate fluctuations and political instability don't affect them as far as the fiat markets.

Cryptocurrencies are more popular with the centuries as well as increasing income levels and technology adoption, trading cryptocurrency in Canada is increasing day by day. It is still small in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Canada?

Commodities trading in Canada includes trading in things like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inCanada.

Fast growing markets like India have a big demand for many fundamental raw materials because of their inhabitants. It follows that countries like Canada can take advantage of this situation.