When you are trading on the forex markets, it is better to choose a local forex broker. It will have the jurisdiction and rules and regulations familiar with you. For example, if you’re in Canada, it is advisable to choose a Canadian forex broker.
Today, we will highlight the 3 Best forex brokers for Canadians. We would go into details of these forex brokers to help you provide a clear picture.
Avatrade offers you a web-based platform and MT4 compatibility. The market depth on offer is as per the industry standards.
The maximum leverage on offers is 1:30. With a minimum deposit of US $100, it is easy to fund your account. It allows you to trade currencies, cryptocurrencies, stocks, commodities, ETFs, options, and so on. The number of assets available for trading is on the higher side.
The platform is easy to understand to indulge in forex trading without the learning curve. It adheres to rules and regulations of multiple jurisdictions. It supports mobile app based on trading.
All the necessary features make it a perfect option when you’re looking for Canadian brokers.
• Low minimum deposit
• Multiple platform availability
• Various sets on offer
• Excellent leverage
Forex.com is the right choice, whether you are in the US or Canada. The broker has been around for more than 20 years. During this time, it has a stellar track record.
The leverage on offers is 1:50. At the same time, the minimum deposit of $ 50 is another reason to go for it. It supports desktop, web-based as well as mobile trading.
In total, it offers forex currency pairs providing you with plenty of options. If you prefer trading commodities stocks, you can do so with this broker.
The stellar track record of this forex broker is the reason why it is on our list.
• Low minimum deposit
• Various assets on offer
• Appropriate leverage
• Multi-platform availability
Oanda offers Canadian traders with more than 100 different markets and assets to trade. The leverage of 1:50 is as per the industry standard. The leverage level makes it easy to start with a small amount of capital.
The unique thing is, it does not require any minimum deposit. You can decide the corpus you want to trade on your own. The low minimum deposit requirement makes it ideal for retail traders who are starting. It is regulated by various jurisdictions imposing more trust into the trading platform.
At the same time, it offers mobile apps, desktop platforms, and MT4 for trading. You can decide the most convenient platform for you.
It offers you various trading tools and research resources. The competitive pricing, along with the transparent structure, helps you know the fees being charged.
With all the necessary features available, it is a broker you cannot ignore when trading from Canada.
• Adequate leverage
• Minimum deposit
• Various trading platforms on offer
It is not difficult to search and get the best forex brokers for Canadians once you go through our list above. We have already gone through numerous options to choose these 3.
With our researched-based picks, it will become easier for you to choose a reliable broker. It is time to start trading using the platforms on offer by any of these brokers.