🇨🇦 Best Forex Broker in Canada (2026)

Looking for the best forex broker in Canada? We compared 10 forex brokers and found 4 that welcome traders from Canada. Our best forex broker in Canada is Exness — lowest entry deposit and instant withdrawals.

RegionNorthern America

CurrencyCanadian Dollar (CAD)

RegulatorCanadian Investment Regulatory Organization (CIRO) & provincial securities regulators

Forex Brokers available4

Local rules in Canada: Forex and CFD dealers in Canada are registered with CIRO and provincial securities regulators.

Top 4 forex brokers in Canada

Broker	Score	Min deposit	Max leverage	Spreads	Regulation	Canada
Exness	9.4	$10	Up to 1:Unlimited (conditions apply)	From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)	FCA, CySEC, FSCA	✓ Available	Visit Site
Eightcap	9.0	$100	Up to 1:500	From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)	ASIC, FCA, CySEC	✓ Available	Visit Site
AvaTrade	8.9	$100	Up to 1:400 (1:30 for EU/AU retail)	Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission	CBI, ASIC, CySEC	✓ Available	Visit Site
PU Prime	8.7	$20	Up to 1:1000	From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)	FSCA, CMA, FSA	✓ Available	Visit Site

★ Top pick

Exness

Lowest entry deposit and instant withdrawals

9.4/10

✓ Accepts traders from Canada

Min deposit: $10
Max leverage: Up to 1:Unlimited (conditions apply)
Spreads: From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)
Platforms: MT4, MT5, Exness Terminal, Exness Trade app

Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇿🇦 FSCA🇰🇪 CMA🇸🇨 FSA🇲🇺 FSC

$10 minimum deposit on Standard accounts
Instant automatic withdrawals on most methods
9 licences incl. FCA and CySEC

Visit Site Review

Eightcap

TradingView broker + funded challenges up to $200K

9.0/10

✓ Accepts traders from Canada

Min deposit: $100
Max leverage: Up to 1:500
Spreads: From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)
Platforms: MT4, MT5, TradingView, TradeLocker (Challenges)

Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA🇲🇺 FSC

Eightcap Challenges: funded accounts from $10K to $200K
80% profit split, up to 90% with add-on
Native TradingView, MT4 and MT5 trading

Visit Site Review

AvaTrade

Most regulated — 9 licences on 6 continents

8.9/10

✓ Accepts traders from Canada

Min deposit: $100
Max leverage: Up to 1:400 (1:30 for EU/AU retail)
Spreads: Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission
Platforms: MT4, MT5, AvaTradeGO, AvaOptions, WebTrader

Regulated / registered:🇮🇪 CBI🇦🇺 ASIC🇨🇾 CySEC🇯🇵 JFSA🇦🇪 FSRA🇮🇱 ISA

One of the most regulated brokers in the world
No commission on standard trading
AvaOptions and AvaTradeGO apps

Visit Site Review

PU Prime

Cent accounts from $20 and frequent promotions

8.7/10

✓ Accepts traders from Canada

Min deposit: $20
Max leverage: Up to 1:1000
Spreads: From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)
Platforms: MT4, MT5, PU Prime App, WebTrader

Regulated / registered:🇿🇦 FSCA🇦🇪 CMA🇸🇨 FSA🇲🇺 FSC

$20 Cent account to practise with real money
Copy trading and social trading apps
Negative balance protection

Visit Site Review

How to choose the best forex broker in Canada

Check the licence. In Canada the main financial regulator is Canadian Investment Regulatory Organization (CIRO) & provincial securities regulators. See every broker's licences in our licence table.
Match the minimum deposit to your budget. Start from $1 at InstaForex, $0 at HFM or $10 at Exness.
Deposit in Canadian Dollar (CAD). Local bank transfers, cards, e-wallets and USDT are widely supported.
Pick your platform. MT4, MT5, cTrader or TradingView.
Plan your risk. Risk 1–2% of your balance per trade and always use a stop loss.

Frequently asked questions

What is the best forex broker in Canada?

Exness is our best forex broker in Canada, followed by Eightcap, AvaTrade, PU Prime.

Which forex brokers accept traders from Canada?

Exness, Eightcap, AvaTrade, PU Prime accept traders from Canada.

Which forex broker has the lowest minimum deposit in Canada?

Exness, with a minimum deposit of $10.

Which regulated forex brokers accept traders from Canada?

Exness, Eightcap, AvaTrade hold top-tier licences such as the FCA, ASIC or CySEC.

Is forex trading legal in Canada?

Forex and CFD dealers in Canada are registered with CIRO and provincial securities regulators. This is general information, not legal advice.

Also see: Best crypto exchange in Canada · Best forex broker worldwide · Canada trading guide · Free forex signals · Free crypto signals

Best forex broker in other Northern America countries

🇧🇲 Best forex broker in Bermuda 🇬🇱 Best forex broker in Greenland 🇵🇲 Best forex broker in St. Pierre & Miquelon 🇺🇸 Best forex broker in the United States All countries →