Forex Broker Canada

Forex trading in Canada is regulated by Canadian Securities Adminisrators (CSA). Until recently, there was light oversight on the activities of forex brokers – Canada corrected this in February 2009 with the implementation of a new framework for derivatives regulation, covering the activities of Canadian forex brokers. Each state has its own regulatory bodies, but the CSA is the main body of financial oversight in the nation.

Nobody wants to become a victim trading forex - the learning process itself can be stressful and tasking on the nerves at times. In order to avoid disappointments at a later stage, it is wise to take your first steps with a forex broker for Canadians which is regulated by the authority.

As traders ourselves, we know how difficult it can be to sift through the numerous offers in the market in order to reach a conclusion about which firm is the best choice for you. To help you out, we have compiled our own top-list of the best forex brokers. Be sure to check it out before you make your final decision!

1		Regulator: FSA Leverage: 200:1 Min. Deposit: $100 Spread: 1.5 pips*	$2,000 Max. First Deposit Bonus	Sign up Read Review
2		Regulator: ASIC Leverage: 500:1 Min. Deposit: $100 Spread: 3 pips	$2,500 Max. First Deposit Bonus	Sign up Read Review
3		Regulator: CySEC Leverage: 500:1 Min. Deposit: $1 Spread: 1.9 pips	$2,000 Max First Time Deposit Bonus	Sign up Read Review
4		Regulator: FSA Leverage: 200:1 Min. Deposit: $100 Spread: 3 pips	$2,000 Max. First Deposit Bonus	Sign up Read Review
5		Regulator: MIFID & ASIC Leverage: 400:1 Min. Deposit: $100 Spread: Fixed Spread- 3 pips	High Bonus + Free webinar & signals	Sign up Read Review
6		Regulator: CySEC Leverage: up to 1:500 Min. Deposit: $200 Spread: < 1 pip on some majors	$200 Min. Deposit	Sign up Read Review

- LEVERAGE: Controls the equity you need to take a margin position. E.g. 50:1 leverage means you can take a $5,000 trade with just $100 in your account. Note that a high degree of leverage can work against you as well as for you.
- Leverage over 50:1 for majors and 20:1 for minors is not available to traders in the U.S.
- As indicated in the list, only NFA regulated brokers are available to U.S. customers.
* Broker offers variable spreads which means that the spreads are subject to current market conditions.