
Finding the right trading partner is crucial for Canadian investors looking to access global markets through contracts for difference. The best CFD brokers in Canada 2025 combine robust regulatory oversight, competitive pricing, and comprehensive market access to help traders capitalize on price movements across forex, stocks, commodities, and cryptocurrencies.
Best CFD Brokers In Canada 2025: Overview
Broker |
Regulation |
Account Types |
Minimum Deposit |
Currency Pairs |
|---|---|---|---|---|
Capital.com |
CySEC, FCA, ASIC |
Standard, Plus |
$20 |
150+ |
FOREX.com |
NFA, CFTC, FCA, ASIC |
Standard, Commission |
$100 |
80+ |
FP Markets |
ASIC, CySEC |
Standard, Raw |
$100 (AUD) |
60+ |
OANDA |
CFTC, NFA, FCA, ASIC |
Standard, Premium |
$0 |
68 |
Hantec Markets |
FCA, ASIC |
Standard, Pro |
$10 |
50+ |
Global Prime |
ASIC, VFSC |
Standard, Raw |
$10 (AUD) |
60+ |
Eightcap |
ASIC, FCA, SCB |
Standard, Raw |
$100 |
40+ |
Admirals |
FCA, CySEC, ASIC |
Trade.MT4, Trade.MT5, Zero |
€100 |
40+ |
XTB |
FCA, CySEC, KNF |
Standard, Pro |
$0 |
50+ |
AvaTrade |
Central Bank of Ireland, ASIC, FSA |
Standard, Professional |
$100 |
55+ |
Axi |
FCA, ASIC, DFSA |
Standard, Pro |
$0 |
60+ |
FXTRADING.com |
FSC (Mauritius) |
Standard, ECN |
$50 |
65+ |
What Are CFDs?
Contracts for Difference (CFDs) are derivative instruments that allow traders to speculate on the price movements of financial assets without owning the underlying asset. When you trade a CFD, you enter into a contract with a broker to exchange the difference in an asset’s price between the opening and closing of the position.
If you believe Apple stock will rise, you open a long CFD position; if the price increases from $180 to $190, you profit from that $10 difference multiplied by your position size, without ever purchasing actual Apple shares.
CFDs offer traders access to leverage, meaning you can control larger positions with a smaller capital outlay—typically ranging from 2:1 to 30:1 for retail traders depending on the asset class and broker. You can profit from both rising markets (going long) and falling markets (going short), providing flexibility that traditional investing doesn’t offer.
The most actively traded CFD markets include forex pairs (EUR/USD, GBP/USD), stock indices (S&P 500, FTSE 100), individual equities (Tesla, Amazon), commodities (gold, crude oil), and increasingly, cryptocurrencies (Bitcoin, Ethereum). Unlike futures contracts, CFDs have no expiry date for most instruments, allowing you to hold positions as long as you maintain sufficient margin.
Is CFD Trading Legal in Canada?
Yes, CFD trading is legal in Canada; however, the regulatory landscape requires Canadian traders to work with offshore brokers, as domestic firms face restrictions on offering leveraged CFD products to retail clients. The Canadian Securities Administrators (CSA) and provincial securities commissions regulate investment activities, but they don’t explicitly prohibit Canadians from accessing international CFD brokers. The Investment Industry Regulatory Organization of Canada (IIROC) oversees investment dealers; however, most CFD brokers operate under foreign jurisdictions, such as the UK’s Financial Conduct Authority (FCA), Australia’s ASIC, or Cyprus’s CySEC.
Canadian traders should prioritize brokers with tier-one regulatory licenses, as these jurisdictions enforce strict capital requirements, client fund segregation, and negative balance protection. While you won’t find IIROC-registered CFD brokers offering high leverage, international brokers legally accept Canadian clients and provide full market access. The Canada Revenue Agency (CRA) treats CFD trading profits as capital gains or business income depending on your trading frequency, so maintaining detailed records is essential for tax compliance.
12 Best CFD Brokers In Canada 2025
Here’s a list of 12 reputable CFD brokers for Canadians, each with its own unique strengths:
1. Capital.com
Capital.com stands out as a technology-driven broker offering commission-free CFD trading with an AI-powered mobile app that provides personalized trading insights. Founded in 2016, this multi-regulated broker has grown rapidly to serve 750,000+ registered users globally, combining competitive spreads with an intuitive platform designed for both beginners and active traders.

Whu Capital.com Stands Out:
- Trustpilot Rating: 4.6 stars (Excellent) with over 13,000 reviews
- Markets Available: 4,500+ instruments including Forex CFDs (150+ pairs), Stock CFDs (3,000+ shares), Crypto CFDs (250+ coins), Indices CFDs (30+ global indices), Commodities CFDs (metals, energies, agriculture)
- Regulation: FCA (UK), CySEC (Cyprus), ASIC (Australia), SCB (Bahamas)
- Account Types: Standard Account (spread-only pricing), Plus Account (tighter spreads, $10K minimum)
- Pricing: EUR/USD spreads from 0.6 pips, no commissions on stocks or forex, competitive overnight financing rates
- Minimum Deposit: $20 (among the lowest in the industry)
- Deposits & Withdrawals Methods: Credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), Apple Pay, Google Pay—no deposit fees, withdrawals processed within 1-2 business days
- Trading Platform: Proprietary web and mobile platform with AI assistant, MetaTrader 4, TradingView integration
- Customer Protection: Negative balance protection, segregated client accounts, Financial Services Compensation Scheme coverage (UK clients up to £85,000)
Pros |
Cons |
|---|---|
Ultra-low $20 minimum deposit |
No MT5 platform support |
Commission-free trading on all instruments |
Limited research tools compared to competitors |
AI-powered trading insights and educational content |
Inactivity fee after 12 months ($10/month) |
Excellent mobile app with 4.7/5 App Store rating |
Higher spreads on exotic currency pairs |
6,000+ tradable instruments |
2. FOREX.com
FOREX.com, operated by StoneX Group (NASDAQ: SNEX), is a well-established broker with over 20 years of experience serving 400,000+ traders worldwide. As one of the largest retail forex brokers globally, FOREX.com offers institutional-grade pricing, extensive market research from DailyFX, and access to professional trading platforms that cater to serious CFD traders in Canada.

Why FOREX.com Stands Out:
- Trustpilot Rating: 4.6 stars (Great) with 2,200+ reviews
- Markets Available: 5,500+ instruments including Forex CFDs (80+ pairs with majors, minors, exotics), Stock CFDs (2,250+ US, UK, European shares), Crypto CFDs (20+ coins), Indices CFDs (18 global indices), Commodities CFDs (metals, energies)
- Regulation: NFA/CFTC (US operations), FCA (UK), ASIC (Australia), IIROC (Canada for limited services)
- Account Types: Standard Account (spread markup), Commission Account (raw spreads + $5 per 100K commission)
- Pricing: EUR/USD spreads from 0.0 pips on Commission Account, 1.2 pips on Standard; highly competitive rates on major pairs
- Minimum Deposit: $100
- Deposits & Withdrawals Methods: Bank wire, credit/debit cards, ACH transfers, PayPal (select regions)—no deposit fees, same-day withdrawals for verified accounts
- Trading Platform: MetaTrader 4, MetaTrader 5, proprietary web platform, TradingView, mobile apps with advanced charting
- Customer Protection: Negative balance protection, segregated accounts, FSCS coverage (UK), comprehensive insurance through StoneX Group
Pros |
Cons |
|---|---|
Backed by publicly-traded parent company |
Higher minimum deposit than some competitors |
Excellent research from DailyFX research team |
Inactivity fee of $15/month after 12 months |
Multiple account types for different strategies |
|
Institutional-grade execution speeds |
|
Extensive educational resources and webinars |
3. FP Markets
FP Markets, an Australian broker established in 2005, has built a reputation for ultra-tight spreads and lightning-fast execution speeds averaging 40 milliseconds. With 20 years of serving global traders, FP Markets combines deep liquidity from 50+ banking partners with transparent pricing that appeals to scalpers, day traders, and algorithmic trading enthusiasts.
Why FP Markets Stands Out:
- Trustpilot Rating: 4.9 stars (Excellent) with 9,200+ reviews
- Markets Available: 10,000+ instruments including Forex CFDs (60+ pairs), Stock CFDs (10,000+ global shares via fractional CFDs), Crypto CFDs (10 major coins), Indices CFDs (16 global indices), Commodities CFDs (metals, energies, softs)
- Regulation: ASIC (Australia), CySEC (Cyprus), FSCA (South Africa)
- Account Types: Standard Account (1.0 pip spreads), Raw Account (0.0 pip spreads + $3 per lot commission)
- Pricing: EUR/USD from 0.0 pips + $3 commission on Raw, 1.0 pips Standard; XAU/USD from 0.12 pips
- Minimum Deposit: $100 AUD (~$65 USD)
- Deposits & Withdrawals: Bank transfer, credit/debit cards, PayPal, Skrill, Neteller, Bitcoin—no fees on deposits, 1-business-day withdrawal processing
- Trading Platform: MetaTrader 4, MetaTrader 5, cTrader, IRESS, WebTrader, TradingView
- Customer Protection: Negative balance protection, segregated client funds, Professional Indemnity Insurance up to $10 million AUD
Pros |
Cons |
|---|---|
Ultra-tight spreads starting from 0.0 pips |
Inactivity fee after 6 months ($10/month) |
Fast execution speeds (40ms average) |
No FSCS/investor compensation scheme |
Access to 10,000+ stock CFDs |
|
Multiple professional platforms (MT4/5, cTrader, IRESS) |
|
Strong Australian regulation with ASIC oversight |
4. OANDA

OANDA, founded in 1996, is one of the forex industry’s pioneers and remains a trusted name among Canadian traders seeking reliability and transparency. With over 28 years of continuous operation and zero minimum deposit requirements, OANDA has democratized forex and CFD trading while maintaining institutional-grade infrastructure and award-winning customer service.
Why OANDA Stands Out:
- Trustpilot Rating: 4.1 stars (Great) with 1,100+ reviews
- Markets Available: 120+ instruments including Forex CFDs (68 pairs with extensive emerging market coverage), Indices CFDs (24 global indices), Commodities CFDs (gold, silver, oil), Bonds CFDs (US, European government bonds)
- Regulation: CFTC/NFA (US), FCA (UK), ASIC (Australia), IIROC (Canada for currency conversion), MAS (Singapore)
- Account Types: Standard Account (spread markup), Core Pricing (raw spreads + commission from $5 per million)
- Pricing: EUR/USD from 0.6 pips Standard, 0.2 pips + commission on Core; transparent pricing with no hidden markups
- Minimum Deposit: $0 (no minimum)
- Deposits & Withdrawals: Bank transfer, credit/debit cards, PayPal—no deposit fees, free withdrawals processed within 1-2 business days
- Trading Platform: Proprietary web and mobile platforms, MetaTrader 4, TradingView integration, API access for algorithmic traders
- Customer Protection: Negative balance protection, segregated accounts, FSCS coverage (UK clients), $1 million professional liability insurance
Pros |
Cons |
|---|---|
No minimum deposit requirement |
Inactivity fee of £10 or equivalent |
Transparent pricing with no hidden fees |
|
28+ years of operational history |
|
Award-winning customer support (24/5) |
|
Extensive emerging market currency pairs |
5. Hantec Markets
Hantec Markets, part of the Hantec Group established in 1990, brings over 34 years of financial services experience to Canadian CFD traders. This Hong Kong-based broker emphasizes institutional-grade execution, premium research tools, and personalized service for serious traders managing larger accounts.

Why Hantec Markets Stands Out:
- Trustpilot Rating: 4.9 stars (Excellent) with 1,200+ reviews
- Markets Available: 2,650+ instruments, including Forex CFDs (50+ pairs), Indices CFDs (18 global indices), Commodities CFDs (gold, silver, oil, natural gas), Bonds CFDs, Stock CFDs (limited selection)
- Regulation: FCA (UK), ASIC (Australia), SFC (Hong Kong for other services)
- Account Types: Standard Account (1.8 pip spreads), Pro Account (from 0.6 pips, $10K minimum)
- Pricing: EUR/USD from 0.6 pips on Pro Account, 1.8 pips Standard; competitive commodities pricing
- Minimum Deposit: $10
- Deposits & Withdrawals Methods: Bank wire, credit/debit cards, UnionPay—no deposit fees, 2-3 business day withdrawal processing
- Trading Platform: MetaTrader 4, MetaTrader 5, proprietary web platform
- Customer Protection: Negative balance protection, segregated client accounts, FSCS coverage (UK clients up to £85,000), comprehensive insurance
Pros |
Cons |
|---|---|
34+ years of financial services history |
Less competitive spreads on Standard account |
Premium research and market analysis |
|
Dedicated account managers for larger accounts |
|
Strong institutional backing from Hantec Group |
|
Multiple tier-one regulatory licenses |
6. Global Prime
Global Prime, an Australian broker founded in 2010, focuses exclusively on providing ECN (Electronic Communication Network) trading with institutional-grade execution for active forex and CFD traders. With a no-dealing-desk model and deep liquidity from tier-one banking partners, Global Prime appeals to scalpers and high-frequency traders seeking minimal slippage and fast fills.

Why Global Prime Stands Out:
- Trustpilot Rating: 4.6/5 stars (Excellent) with 380+ reviews
- Markets Available: 150+ instruments including Forex CFDs (60+ pairs), Indices CFDs (12 global indices), Commodities CFDs (gold, silver, oil), Crypto CFDs (8 major coins)
- Regulation: ASIC (Australia), VFSC (Vanuatu)
- Account Types: Standard Account (from 0.0 pip spreads), Raw Account (0.0 pips + $3.50 per lot commission)
- Pricing: EUR/USD from 0.0 pips + $3.50 commission; XAU/USD from 0.1 pips; ultra-competitive ECN pricing
- Minimum Deposit: $10
- Deposits & Withdrawals: Bank transfer, credit/debit cards, PayPal, BPAY—no deposit fees, same-day withdrawal processing
- Trading Platform: MetaTrader 4, cTrader with Level II pricing, WebTrader
- Customer Protection: Negative balance protection, segregated accounts at NAB (National Australia Bank), Professional Indemnity Insurance
Pros |
Cons |
|---|---|
True ECN model with no dealing desk |
Limited asset selection compared to multi-asset brokers |
Ultra-fast execution speeds (10-15ms average) |
VFSC regulation (lower tier) for some entities |
cTrader platform with Level II pricing |
|
Competitive commission structure |
|
Strong focus on trading technology |
7. Eightcap
Eightcap, an Australian fintech broker launched in 2009, has rapidly expanded to serve over 200,000 traders across 170+ countries with competitive pricing and modern technology. Winner of multiple industry awards including “Best Global Forex MT4 Broker 2024” from Global Forex Awards, Eightcap combines tight spreads with excellent customer service and extensive educational resources.

Why Eightcap Stands Out:
- Trustpilot Rating: 4.2 stars (Excellent) with 3,300+ reviews
- Markets Available: 800+ instruments including Forex CFDs (40+ pairs), Stock CFDs (100+ US, UK, Australian shares), Crypto CFDs (30+ coins), Indices CFDs (20 global indices), Commodities CFDs (metals, energies)
- Regulation: ASIC (Australia), FCA (UK), SCB (Bahamas)
- Account Types: Standard Account (from 1.0 pip spreads), Raw Account (0.0 pips + $3.50 per lot commission)
- Pricing: EUR/USD from 0.0 pips + $3.50 commission on Raw; GBP/USD from 0.3 pips; competitive across all pairs
- Minimum Deposit: $100
- Deposits & Withdrawals: Bank transfer, credit/debit cards, PayPal, Skrill, Neteller—no deposit fees, 24-hour withdrawal processing
- Trading Platform: MetaTrader 4, MetaTrader 5, TradingView, WebTrader, mobile apps
- Customer Protection: Negative balance protection, segregated client funds at Westpac, FSCS coverage (UK clients), comprehensive insurance
Pros |
Cons |
|---|---|
Outstanding customer service |
Inactivity fee after 6 months ($20/month) |
Tight spreads and low commissions |
No copy trading features |
Fast withdrawals (24 hours) |
|
Extensive educational resources (Eightcap Labs) |
|
Multiple tier-one regulatory licenses |
8. Admirals
Admirals (formerly Admiral Markets), established in 2001, is an Estonian broker with a global presence serving over 1 million clients across 45 countries. Renowned for comprehensive educational resources, premium analytics tools including Admirals Trading Central, and MetaTrader Supreme Edition add-ons, Admirals caters to traders seeking an all-in-one solution with advanced features.

Why Admirals Stands Out:
- Trustpilot Rating: 3.8 stars (Excellent) with 2,000+ reviews
- Markets Available: 2,500+ instruments including Forex CFDs (80+ pairs), Stock CFDs (500+ global shares), Crypto CFDs (30+ coins), Indices CFDs (12 global indices), Commodities CFDs (metals, energies, agriculture), ETF CFDs (100+ funds)
- Regulation: FCA (UK), CySEC (Cyprus), ASIC (Australia), EFSA (Estonia)
- Account Types: Trade.MT4 (from 0.5 pips), Trade.MT5 (from 0.5 pips), Zero.MT4 (from 0.0 pips + $1.80 commission)
- Pricing: EUR/USD from 0.0 pips + $1.80 commission on Zero account; 0.5 pips on standard accounts
- Minimum Deposit: €100 (~$135 CAD)
- Deposits & Withdrawals: Bank transfer, credit/debit cards, Skrill, Neteller, iDeal—no deposit fees, withdrawals processed within 1-3 business days
- Trading Platform: MetaTrader 4, MetaTrader 5 (with Supreme Edition plugins), WebTrader, StereoTrader, mobile apps
- Customer Protection: Negative balance protection, segregated accounts, FSCS coverage (UK clients up to £85,000), investor compensation schemes across multiple jurisdictions
Pros |
Cons |
|---|---|
2,500+ tradable instruments |
Higher minimum deposit (€100 vs $20 elsewhere) |
MetaTrader Supreme Edition with advanced tools |
Inactivity fee after 24 months (€10/month) |
Comprehensive educational content and webinars |
|
Premium analytics (Trading Central, Autochartist) |
|
Multiple regulatory licenses across jurisdictions |
9. XTB
XTB, a publicly-traded broker (WSE: XTB) founded in 2002, operates one of the largest retail trading platforms in Europe serving over 1 million clients globally. With its award-winning proprietary xStation platform, extensive educational academy, and commission-free stock and ETF CFD trading (up to €100K monthly volume), XTB has become a top choice for European and Canadian traders alike.

Why XTB Stands Out:
- Trustpilot Rating: 4.0 stars (Excellent) with 2,100+ reviews
- Markets Available: 6,300+ instruments including Forex CFDs (60+ pairs), Stock CFDs (3,000+ global shares), Crypto CFDs (40+ coins), Indices CFDs (28 global indices), Commodities CFDs (24 metals and energies), ETF CFDs (200+ funds)
- Regulation: FCA (UK), CySEC (Cyprus), KNF (Poland), FSC (Belize)
- Account Types: Standard Account (spread markup), Pro Account (tighter spreads, €25K minimum, leveraged positions)
- Pricing: EUR/USD from 0.5 pips; commission-free stock/ETF CFDs up to €100K monthly volume, then 0.2% commission
- Minimum Deposit: $0 (no minimum)
- Deposits & Withdrawals Methods: Bank transfer, credit/debit cards, PayPal, Skrill—no deposit fees, withdrawals processed within 1 business day
- Trading Platform: xStation 5 (proprietary web and mobile platform), MetaTrader 4
- Customer Protection: Negative balance protection, segregated client funds, FSCS coverage (UK clients up to £85,000), publicly-traded company transparency
Pros |
Cons |
|---|---|
Award-winning xStation 5 platform |
Inactivity fee after 12 months (€10/month) |
Commission-free stock/ETF CFDs (first €100K/month) |
Limited access to cTrader or MT5 |
No minimum deposit requirement |
Higher spreads compared to ECN brokers |
Publicly-traded company (stock transparency) |
Commission applies after €100K monthly volume |
Extensive educational academy (XTB Trading Academy) |
10. AvaTrade
AvaTrade, established in 2006 in Dublin, Ireland, has grown to serve over 400,000 registered traders across six continents with a focus on automated trading, copy trading, and diverse platform offerings. Regulated in nine jurisdictions including the Central Bank of Ireland, AvaTrade provides access to popular social trading platforms like DupliTrade and ZuluTrade alongside traditional MetaTrader environments.

Why AvaTrade Stands Out:
- Trustpilot Rating: 4.7 stars (Excellent) with 11,00+ reviews
- Markets Available: 1,250+ instruments including Forex CFDs (55+ pairs), Stock CFDs (600+ US, European, Asian shares), Crypto CFDs (30+ coins), Indices CFDs (30 global indices), Commodities CFDs (metals, energies, agriculture), Bonds CFDs, Options CFDs
- Regulation: Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSCA (South Africa), ADGM (UAE), ISA (Israel), BVI FSC
- Account Types: Standard Account (fixed or variable spreads), Professional Account (lower margins, higher leverage)
- Pricing: EUR/USD from 0.9 pips fixed spreads; USD/JPY from 1.0 pip; no commissions on most instruments
- Minimum Deposit: $100
- Deposits & Withdrawals: Bank wire, credit/debit cards, e-wallets (Skrill, Neteller), local payment methods—no deposit fees, withdrawals processed within 2 business days
- Trading Platform: MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO mobile app, AvaOptions, DupliTrade, ZuluTrade integration
- Customer Protection: Negative balance protection, segregated client accounts, up to €1,000,000 insurance coverage per client
Pros |
Cons |
|---|---|
9 regulatory licenses across major jurisdictions |
Higher spreads than ECN/Raw spread brokers |
Extensive social/copy trading options |
Inactivity fee after 3 months ($50/quarter) |
€1 million insurance per client |
Withdrawal fees for bank transfers |
Fixed spreads available (no widening during volatility) |
|
Strong educational content (AvaTrade Academy) |
11. Axi
Axi (formerly AxiTrader), founded in Sydney in 2007, has established itself as a technology-first broker offering institutional-grade infrastructure with retail-friendly pricing. Serving over 60,000 active traders globally, Axi combines ultra-tight spreads, fast execution through Equinix NY4 data center co-location, and transparent pricing that appeals to serious day traders and scalpers.

Why AXI Stands Out:
- Trustpilot Rating: 4.4 stars (Excellent) with 4,800+ reviews
- Markets Available: 200+ instruments including Forex CFDs (60+ pairs), Indices CFDs (13 global indices), Commodities CFDs (gold, silver, oil, copper), Crypto CFDs (10 major coins)
- Regulation: FCA (UK), ASIC (Australia), DFSA (Dubai), FSA (Saint Vincent)
- Account Types: Standard Account (from 1.0 pip), Pro Account (from 0.0 pips + $3.50 commission)
- Pricing: EUR/USD from 0.0 pips + $3.50 commission on Pro; XAU/USD from 0.14 pips; highly competitive ECN pricing
- Minimum Deposit: $0 (no minimum)
- Deposits & Withdrawals: Bank transfer, credit/debit cards, PayPal, Skrill, Neteller, POLi—no deposit fees, same-day withdrawal processing
- Trading Platform: MetaTrader 4, cTrader, mobile apps, Copy Trading via Myfxbook AutoTrade
- Customer Protection: Negative balance protection, segregated accounts at tier-one banks, FSCS coverage (UK clients up to £85,000)
Pros |
Cons |
|---|---|
No minimum deposit requirement |
Limited asset classes (no stocks or ETFs) |
Ultra-competitive spreads from 0.0 pips |
Inactivity fee after 12 months ($10/month) |
Fast execution with Equinix co-location |
|
Both MT4 and cTrader platforms available |
|
Same-day withdrawal processing |
12. FXTRADING.com
FXTRADING.com, operated by IBC Markets and established in 2014, targets cost-conscious traders with low minimum deposits and competitive ECN spreads. While regulated under the FSC Mauritius (a lower-tier jurisdiction), the broker has built a reputation for transparent pricing, reliable execution, and straightforward account structures that appeal to beginning and intermediate traders.

Why FXTRADING.com Stands Out:
- Trustpilot Rating: 4.5/5 stars (Great) with 208+ reviews
- Markets Available: 300+ instruments including Forex CFDs (70+ pairs), Indices CFDs (15 global indices), Commodities CFDs (metals, energies), Crypto CFDs (15 major coins)
- Regulation: FSC (Mauritius)
- Account Types: Standard Account (from 1.2 pips), ECN Account (from 0.0 pips + $6 commission per lot)
- Pricing: EUR/USD from 0.0 pips + $6 commission on ECN; 1.2 pips on Standard; competitive rates across major pairs
- Minimum Deposit: $50
- Deposits & Withdrawals: Bank wire, credit/debit cards, Perfect Money, Bitcoin, e-wallets—no deposit fees, 1-2 business day withdrawals
- Trading Platform: MetaTrader 4, MetaTrader 5, WebTrader
- Customer Protection: Negative balance protection, segregated client accounts, SSL encryption for data security
Pros |
Cons |
|---|---|
Very low $50 minimum deposit |
Lower-tier regulation (FSC Mauritius) |
Competitive ECN spreads from 0.0 pips |
Limited customer protection compared to FCA/ASIC brokers |
Accepts cryptocurrency deposits |
No tier-one regulatory oversight |
No withdrawal fees |
|
Straightforward account structures |
How to Choose the Best CFD Broker in Canada
Finding the right CFD broker in Canada isn’t just about flashy platforms or tight spreads—it’s about balancing regulation, costs, tools, and long-term security for your capital. Below are the key factors every Canadian trader should weigh before making their choice
1. Prioritize Regulatory Oversight
Regulation is your first line of defense against fraud and broker misconduct.
-
Look for brokers licensed by top-tier regulators such as:
-
FCA (UK)
-
ASIC (Australia)
-
CySEC (Cyprus)
-
-
Why it matters: These regulators enforce strict capital requirements, require segregated client funds, and offer dispute resolution—protecting you if something goes wrong.
2. Compare Trading Costs Carefully
Small differences in spreads and commissions add up quickly, especially for active traders.
-
Spreads: EUR/USD typically ranges from 0.6–1.8 pips.
-
Commissions: Raw/ECN accounts usually charge $3–$7 per lot.
-
Real cost example:
-
0.0 pip + $3.50 commission: $35 on a 10-lot trade.
-
1.0 pip spread: $100 on the same trade.
👉 Over hundreds of trades, this gap can make or break your profitability.
-
3. Evaluate Platform Quality
The platform is your trading battlefield—make sure it suits your style.
-
Popular options:
-
MetaTrader 4/5 → Great for technical indicators & algorithmic trading.
-
cTrader → Ideal for scalpers thanks to Level II pricing & fast execution.
-
-
Test with demos: Check order execution speed (sub-50ms is excellent), charting tools, mobile apps, and user interface.
💡 Day traders need speed and advanced charting, while swing traders may value broader analysis tools.
4. Check Market Access
Not all brokers offer the same instruments.
-
Equities: If you want Apple, Tesla, or Microsoft, confirm they’re available—not just US indices.
-
Crypto: Verify access to Bitcoin, Ethereum, and altcoins.
-
Commodities: Look for competitive gold (XAU/USD) and oil (WTI, Brent) spreads.
-
Forex: Deep liquidity in exotic pairs is key if you trade beyond majors.
5. Review Account Minimums & Funding Options
Accessibility matters for Canadian traders.
-
Minimum deposits:
-
$0 deposit: OANDA, XTB, Axi.
-
$1,000+ deposit: Some premium brokers.
-
-
Funding: Bank transfers, cards, and e-wallets are common.
-
Watch out for:
-
Withdrawal fees.
-
Currency conversion costs (CAD deposits can help avoid these).
-
6. Test Customer Support Responsiveness
Good support becomes crucial during technical glitches or withdrawal delays.
-
Channels to check: Live chat, phone, and email.
-
Top-tier brokers: FOREX.com, AvaTrade (24/5 multilingual support).
-
Pro tip: Look at Trustpilot reviews—focus on withdrawal issues and resolution speed, not just star ratings.
7. Look for Educational Resources & Analysis Tools
Extra learning tools can sharpen your edge, especially if you’re still growing as a trader.
-
Admirals: Premium Trading Central analytics.
-
XTB: Extensive trading academy.
-
Capital.com: AI-driven insights via mobile app.
⚡ Even seasoned traders benefit from fresh perspectives and market updates.
8. Consider Risk Management Features
Protecting your capital is just as important as making profits.
-
Negative Balance Protection: Prevents you from owing more than your deposit (a must-have).
-
Guaranteed Stop-Loss Orders: Locks in exit prices even in volatile markets.
These features are especially valuable during market shocks when slippage can wipe out accounts.
Bottom line: Choosing the best CFD broker in Canada means balancing safety, costs, and usability. If you prioritize regulation, understand trading costs, and match the broker’s platform and market access to your strategy, you’ll set yourself up for a more secure and profitable trading journey.
Take Away
As you start CFD trading in Canada, keep safety, diversity, and responsible risk management at the forefront of your strategy. Leverage the power of user reviews and recommendations from fellow Canadian traders to guide your decisions.
And don’t forget about the tax implications; understanding how CFD trading is taxed in Canada can help you optimize your financial strategy.
Armed with this knowledge and the list of top CFD brokers in Canada, you’re ready to embark on your trading journey.
Happy trading!
Related!
- Best CFD Brokers in UAE
- Best CFD Brokers in South Africa
- Best CFD Brokers in Australia
- Best CFD Brokers in the UK
Frequently Asked Questions
1. Which is the best CFD broker in Canada?
It depends on your needs:
-
Capital.com → Best for beginners (low $20 deposit, AI-powered app).
-
FOREX.com → Best for advanced traders (institutional execution, research tools).
-
FP Markets → Best for scalpers (spreads from 0.0 pips).
-
OANDA & XTB → No minimum deposit, great for starting small.
👉 Always check regulation (FCA, ASIC), trading costs, and platform features.
2. Is CFD trading taxable in Canada?
Yes. CFD profits are taxable under CRA rules:
-
Casual traders → Capital gains (50% taxable at your rate).
-
Active day traders → Business income (100% taxable, but expenses deductible).
Keep detailed trade records and consult a tax professional.
3. What is the minimum deposit for CFD trading?
It varies by broker:
-
$0 deposit → OANDA, XTB, Axi.
-
$20 → Capital.com (lowest).
-
$100 → FOREX.com, FP Markets, Eightcap.
-
$1,000+ → Premium brokers like Hantec.
💡 Depositing $500–$1,000 is practical for proper risk management.
4. Can I trade US stocks from Canada?
Yes. Most international brokers offer US stock CFDs:
-
Capital.com → 3,000+ stocks (Apple, Tesla, Amazon).
-
FOREX.com → 2,250+ US stocks.
-
XTB & Admirals → 3,000+ global stocks.
You can trade long/short with leverage (5:1). Note: CFDs incur overnight costs, don’t grant voting rights, but usually credit dividends.
5. Do brokers offer negative balance protection?
Yes. Reputable brokers like Capital.com, FOREX.com, FP Markets, and OANDA provide it. This ensures your account won’t go below zero in volatile markets.
6. What leverage is available in Canada?
Most brokers use ESMA-style limits:
-
30:1 → Major forex pairs
-
20:1 → Minor pairs, gold
-
10:1 → Commodities
-
5:1 → Stocks
-
2:1 → Cryptocurrencies
Offshore brokers may offer up to 500:1, but risk is extremely high. Professional traders can access more leverage if they meet strict criteria, but lose retail protections.
💡 Safe rule: keep risk to 1–2% per trade, often requiring only
