The best forex brokers in Canada

The best forex brokers in Canada

With one of the best sets of regulations to protect traders from poor practices by disreputable Forex brokers, the forex market is thriving in Canada 🇨🇦. So, if you are a Canadian citizen or a foreign-looking forex broker licensed in Canada, this reading is for you!

To accept traders from Canada, forex brokers need to be authorized by the financial regulatory body, the Investment Industry Regulatory Organization of Canada (IIROC). To list the best forex brokers for the Canadian market, we seek to select brokers that are also authorized by other tier-1 regulators.

As a result of extensive and impartial research, we will list here the best forex brokers in Canada in 2020, taking into account a variety of aspects such as regulation, pricing, technology, liquidity, and support. 

Find out now which are the best Forex brokers in Canada 🏆:

  • CMC Markets: best web platform and various currency pairs
  • FP Markets: entire MetaTrader suite for global accounts
  • Interactive Brokers: multi-asset broker and competitive fees
  • excellent price plan and platform

CMC Markets 🏦

forex brokers

CMC Markets was founded in 1989 and, in the last two years, they’ve won over 50 awards. It is a publicly-traded company, and it is regulated by the regulators:

  • Investment Industry Regulatory Organization of Canada (IIROC)
  • Monetary Authority of Singapore (MAS)
  • the Financial Conduct Authority (FCA)
  • Australian Securities & Investment Commission (ASIC). 

Thus, they distinguish clients’ money from their own and hold it in separate bank accounts.

In the event of insolvency, retail clients would have their share of segregated money returned, minus the administrators’ costs in handling and distributing these funds.

Any shortfall of funds of up to $1,000,000 may be compensated for by the Canadian Investor Protection Fund (CIPF).  More information on the nature and limits of coverage can be obtained at the CIPF website.

CMC Markets offers two types of accounts, the CFD Account, and the Corporate Account. With competitive pricing, the accounts have an average spread of 0.7 pips for the EUR/USD pair and a margin rate of 3.00%.

There is no minimum initial deposit amount to open an account in CMC Markets. To deposit funds into your account, you can use Online Bill Payment, Electronic Funds Transfer (EFT), Wire Transfer, and Personal Cheque.

The main IG trading platform is called Next Generation and is web-based. It is fast and contains advanced features and tools. Besides, MetaTrader4 is offered. CMC Markets also has a mobile app for you to invest anywhere.

You can use the AI signals in the CMC Markets accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker CMC Markets by clicking here.

FP Markets 🏦

compartive forex brokers

Based in Australia, FP Markets is a brokerage founded in 2005. It is regulated by a tier-1 regulator: the Australian Securities & Exchange Commission (ASIC). Thus, it treats the protection of Client Money in strict accordance with the ASIC’s rules and regulations. All retail client funds are always kept separate from the firm’s capital, held by leading banks.

There are two types of accounts available from FP Markets. The standard account has spread from 1.0 pips, minimum trade size of 0.01 lote, maximum leverage of 500:1, and has no commission for forex. The Raw account has a minimum spread of 0.0 pips, a minimum trade size of 0.01 lot, maximum leverage of 500:1, and a commission of USD 3 per side.

The minimum initial deposit amount when opening an FP Markets account is AUD 100 or equivalent. Funds can be deposited into your account by payment methods including credit card, debit card, payment wallets including Neteller and Skrill, Poli Pay, online banking, and bank wire transfer.

For global accounts, FP Markets offers the entire MetaTrader suite (MT4 and MT5).

You can invest using Wiseinvest AI forex signals on FP Markets. The signals are sent by e-mail and Telegram, requiring only copy and paste into the brokerage account.

Open a trading account with the forex broker FP Markets by clicking here.

Interactive Brokers 🏦

Founded in 1977, Interactive Brokers is regulated by the following tier-1 regulators:

  • Investment Industry Regulatory Organization of Canada (IIROC).
  • The Commodity Futures Trading Commission (CFTC).
  • Securities Futures Commission (SFC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA).
  • The Monetary Authority of Singapore (MAS). 

Interactive Brokers (IBKR) offer low commissions for forex trading and these commissions get lower based on volume, which is an excellent option for high volume traders. The broker doesn’t publish the average spreads of forex currency pairs, but you can check real-time quotes on their website.

The broker does not have a minimum initial deposit. To deposit funds into your account, IBKR offers the following options: Wire transfer, check (all checks, including retirement checks), and online bill payment check.

Trader Workstation is the IBKR’s trading platform. It is a desktop platform and includes all of the most advanced algorithms and trading tools.

Also offers a library of tool and asset-based trading layouts for total customization. Interactive Brokers also has a mobile app and does not offer MetaTrader.

You can use the AI forex signals in the Interactive Brokers accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker Interactive Broker by clicking here. 🏦

Part of GAIN Capital Holdings, is a global market leader founded in 2001. It is licensed by four tier-1 regulators:

  • Investment Industry Regulatory Organization of Canada (IIROC).
  • The Commodity Futures Trading Commission (CFTC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA). 

It is considered a safe company as all customer deposits are kept separate from its operating funds and distributed across a global network of custodian banks.

Clients’ money is held with top-tier banks and has trust letters in place to ensure the money remains segregated from the assets of the bank.

With two types of account, Standard and Commission, offer the option of choosing a pricing model that best suits your trading style. The Standard account has an average spread of 1.4 pips for the EUR / USD pair. The Commission account is ideal for traders looking for the flexibility of trading significant reductions on spreads and has a $5 commission per 100K traded.

The minimum initial deposit when opening a account is $100.00. The deposit methods are credit card, debit card, or wire transfer.

You can check the minimum and maximum per transaction by clicking here.’s desktop platform, Advanced Trading Platform, is available on desktop, web, and mobile. It offers professional analytics tools, integrated trading strategies, and advanced charting features. The broker also offers MetaTrader 4 and MetaTrader 5.

You can use Wiseinvest AI forex signals on The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a forex trading account with broker by clicking here.

How to invest with AI from home 💹

You can invest with AI in forex while performing your personal activities at home or wherever you are and save time. It is simple, safe, and free.

Check out the 3 steps to trade automated with Wiseinvest’s automated AI trading system.

By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Benefits of Automated AI trading  🏆

  • Invest in forex from just $100.
  • It is automatic, time-saving, and safe.
  • An annualized average return of +42%* over the past 10 years.
  • Setup in 3 minutes.
  • Totally hands-free, from anywhere.
  • Integrated with the forex best brokers.
  • Your capital is protected by the brokers.
  • Test with a risk-free practice account.
  • Up to 60 trades per month.
  • Automatic trades on average every 12 hours.
  • You have full control of your broker account.
  • Fast execution of trades.
  • No commissions, no management fees.
  • Automatic risk-management with low trading exposure of your capital (0.10% up to 0.65% per trade).
  • No MT4/MT5 or other platforms required.
  • Portfolio with 40 different automatic strategies.
  • Trading results directly on our dashboard.
  • Optional free forex signals.
  • Trading alerts by email and Telegram.
  • We have a team of professionals to support you.

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker FXCMClick here to open an account with FXCM.

What does happen after linking a broker account with AI trading?

  • The AI will automatically invest on average every 12 hours in your account.
  • There will be up to 60 trades per month (Monday – Friday).
  • You can enable and disable AI whenever you want.
  • Check your trades on our dashboard or the brokerage.
  • You can link more than one broker at the same time.
  • You don’t need MT4 / MT5. It’s all on our dashboard.
  • Your capital is protected under the broker.
  • Your personal data is protected by us.

Would you like to try our automated AI trading for free in a risk-free demo account? Get started free here.

How much do I need to trade forex with AI?

You can start in forex trading with free AI forex signals or AI trading from just $100 through some of the best forex brokers. It is moreover possible to test using a risk-free demo account with our AI trading structure. Regardless, to do a capable peril, the board in authentic records, we suggest you start from at least $100.

What is the best forex broker to use AI trading?

To define which forex broker you should choose for using our automated AI trading, it is important to consider the following aspects.
  • Where are you from? FXCM accepts accounts from some countries, but does not accept forex trading accounts from the USA.
  • How much do you have?  FXCM is ideal if you start at least $100.
  • FXCM sometimes provides higher liquidity volume and lower spreads than other brokers, which are vital aspects of the success in forex trading. But it can also vary.
We are confident that FXCM is among the top 5 best forex brokers in the world and our AI trading works perfectly with them. Then, we suggest you take your final decision taking into account where you are and how much you have.
If you are considering trading with our manual AI forex signals, we would also like to suggest XTB, which is one of the best forex brokers in Europe.

Why trust Wiseinvest instead of other trading platforms

These are the main reasons why forex traders at all levels trust us, rather than other trading solutions.

  • Our automated AI trading is efficient, simple, safe, and affordable. You do not need MT4 or other complicated platforms to trade forex.
  • We are a legitimate and reliable company with extensive experience in finance. We combine 19 years of trading experience and extensive academic research in the financial markets.
  • Our AI outperformed the investment market with an average annual return of 43% over the past 10 years (2011-2020).
  • The automated AI trading works with some of the best forex brokers.
  • When using our AI solutions, all your money is protected by brokerage firms.
  • We do not have access to withdrawals from our customers’ accounts.
  • All of your data is encrypted and will never be shared.

Artificial Intelligence at Wiseinvest 🦾

Wiseinvest’s focus is to democratize the use of AI in trading for anyone in the world. Our team of AI scientists, finance experts, and mathematicians sought to bridge the gap between newly published academic research and real-world investment solutions by leveraging expertise across many domains, including time series forecasting, information extraction, natural language and speech processing, image classification, and reinforcement learning.

Exploring and implementing new academic research was only one piece of the equation—it was critical to understand the actual needs and potential for AI in the investment market, and to develop scalable application infrastructure to transform that research into tools to make it possible for people around the world invest with AI.

Wiseinvest provides automated AI trading and manual AI forex signals to help people from anywhere invest in forex from just $100. With our AI system, you can automatically invest and diversify your investments in forex for free. Click here to check how Wiseinvest’s AI trading works.

🎯 We are engaged in democratizing the retail forex trading market through AI solutions. We work hard to provide financial education, allow anyone in the world to invest easily with Automated AI trading and free AI forex signals. Our AI platform is integrated with AWS, IBM Watson, and Google AI.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.