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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Canada

Best Canada online trading platforms
The Best Canada Online Brokers 2022

This guide to the reputable brokers in Canada has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding the most professional trading patforms in Canada.

If you are a new entrant into the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will get adept skills at all of the concepts of broker as you continue trading. For starters, you have to select the best agent in Canada who'll be clear with you constantly.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program is key to your success.

We currently have 17 Online Brokers in our database that we think are the Professional Online Brokers in Canada

Who Are The Best Canada Trading Patforms?

This review has been designed to help you find a reputable Canada broker. When searching for a good, reliable broker in Canada it can be a little confusing.  Below we detail what your trading platform are in Canada and what Canada online trading platforms can do for you.

A free trial for a minimum of 3 weeks is a great way to assess the quality and professionalism of any Canada online trading platform. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with minimal risk. This allows you to test the software and see how comfortable you are with its tools. A top 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 investing.

We currently have 17 Brokers in our database that we think are the Reputable Brokers in Canada

OANDAtradestationhenyepord minnett limitedETX CapitalmbcfxumarketsDF Marketsfx privateNabtradeSharekhanfxgrowtastyworksAdamant FinanceZerodhaHargreaves LansdownIG
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Rating4.83/56.25/52.80/55.05/56.43/54.90/54.20/55.33/54.75/54.18/56.03/53.50/54.75/55.86/54.58/54.51/54.98/5
Minimum Deposit$1$250$250$250$100$250$250$1$250$100$0$250$250$100$0$200$200
Year Founded19962014201020132002202120182010202020082000201420142008201019811974
HeadquartersUnited States, CanadaCyprusCyprusAustraliaUKPuerto RicoBulgariaUKUSAUSAIndiaUSABelizeSaint Vincent and the GrenadinesIndiaUKUK
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)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-F329Financial 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-F253Financial 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-F292Financial Conduct Authority (FCA)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-F276Financial 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-F333Financial Conduct Authority (FCA)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-F239UnregulatedSecurities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial 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-F245Financial 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-F317Cyprus Securities and Exchange Commission (CySEC)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Clients10,000+3,500,000+10,000+10,000+10,000+30,000+10,000+10,000+12,000,000+10,000+1,500,000+3,500,000+150,000+10,000+1,500,000+10,000+178,500+
Risk WarningLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Withdrawal FeesNoNoNoNoNoNoYesNoYesNoYesNoYesNoNoNoNo
Inactivity FeesNoNoYesNoNoNoYesNoNoNoNoNoNoNoNoNoNo
Deposit Fees1250250250100250250125010002502501000200200
CFD FeesNoNoYesNoNoNoNoNoNoNoYesNoNoNoYesYesNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesNoYesYesYesNoYesYes
Accepts PayPalNoYesYesYesNoYesYesNoYesNoNoYesYesNoNoNoYes
Accepts SkrillNoYesYesYesNoYesYesNoYesNoNoYesYesNoNoNoNo
Accepts PayoneerYesYesYesYesNoYesYesYesYesYesNoYesYesYesNoYesYes
Accepts NetellerNoYesYesYesYesYesYesNoYesNoNoYesYesNoNoNoNo

Online Share Trading In Canada

Trading stocks and shares in Canada is highly regulated and considered quite secure. However, be aware that any investment can go down as well as up, which means that your capital is in danger.

If you are just starting out with online trading then it's suggested to get a demo account first with a controlled broker so that you are able to learn the strategies without the risk of losing cash.

Live Forex Trading In Canada

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

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

It's possible to do Live Forex Trading in Canada with experienced online trading platforms

Live CFD Trading In Canada

CFD trading is the buying and selling of contracts for difference via an online trading partner 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 experienced online brokers like XTM or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Canada online brokers will display the prices you have.

If you are looking at how to do spread betting in Canada then it is an idea to start with a demo account with either XTM or 101Investing so that you can practice with virtual currency before risking your own capital.

Trading Stocks in Canada

Globally, Canada is considered safe to do online trading and has access to other global financial centers. In Canada, online trading platforms are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so below are some of the 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 solutions used by brokers in Canada are well tested and highly rated & secure.

Whichever Online Trading Solutions in Canada you decide to use, make sure they have all of the below:

  • User friendly platform
  • Access to a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Capable of doing social trading
  • Fast online help or support

Challenges Of Using Online Trading Platforms in Canada

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

Like many countries there are challenges in Canada financial markets but overall the prospects are great. However, like in all global economic markets we recommend that any Online Trading Solutions in Canada you decide to use, make sure you do your homework first before risking any real money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Canada.  We hope that by reading this guide you will find a reputable 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 situation, Forex trading in Canada is very active, safe and regulated.

Trading in Forex is permitted in Canada as for any business to trade internationally, foreign currency has to be exchanged. Any time you buy something and it's sent from overseas, there'll be multiple currency exchanges by multiple businesses to receive that thing to you.

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

Do Forex Traders Pay Tax In Canada?

Once a dealer is successful and their gains achieve a particular level then they can be taxed in Canada as per the standard taxation rules.

Tax returns must always be filed even if there's a reduction. You should seek out advice with a registered accountant in Canada to make certain you're abiding by all present regional laws since it's extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In Canada?

Cryptocurrency markets in Canada are rather new. As Cryptocurrencies work on decentralised resources in Canada matters like interest rate fluctuations and political instability do not affect them as far as the fiat markets.

Cryptocurrencies are more popular with the younger generations as well as increasing income amounts and technologies adoption, trading cryptocurrency in Canada is increasing day by day. It is still small compared to the Forex markets however about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Canada?

Commodity trading in Canada involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inCanada.

Fast growing markets like India have a significant need for many fundamental raw materials because of their population. It follows that countries like Canada can take advantage of the circumstance.