🇨🇦 Canada

Best Online Brokers in Canada — 2026

The top regulated brokers available to residents of Canada, ranked by fees, platform quality and overall trading experience.

Updated June 2026
✅ Top 3 ranked
🧪 Tested with real accounts
⚠️ Risk Warning: CFDs are complex instruments. Between 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BEST
Interactive Brokers
Interactive Brokers
SEC · FCA · ASIC · MAS
4.9 Overall score
✓ 150+ global markets
✓ Lowest margin rates
✓ Advanced algo trading tools
$0
Min. Deposit
0.10 pips
EUR/USD Spread
TWS
Platform
Open Account →

CFDs involve significant risk of loss. Capital at risk.

2ND
Questrade
Questrade
IIROC · CIPF
4.4 Overall score
✓ Canada's top broker
✓ Low commissions
✓ Free ETF purchases
$1,000
Min. Deposit
0.10 pips
EUR/USD Spread
Questrade Web & App
Platform
Open Account →

CFDs involve significant risk of loss. Capital at risk.

3RD
OANDA
OANDA
FCA · CFTC · ASIC
4.7 Overall score
✓ Oldest regulated Forex broker
✓ Accepts US clients
✓ No minimum deposit
$0
Min. Deposit
0.90 pips
EUR/USD Spread
OANDA Trade
Platform
Open Account →

CFDs involve significant risk of loss. Capital at risk.

What Makes the Best Stand Out?

Canadian residents trade under IIROC and provincial securities regulators. CIPF insurance protects up to CAD $1M per account type.

Our team tests each broker with a real funded account. We execute real trades to measure execution quality, spread accuracy, withdrawal times and customer support. We do not rely on broker-provided data.

Are Trading Fees Low?

We benchmark fees across spreads, commissions, deposit/withdrawal charges and FX conversion costs for accounts in Canada.

📊 Spread Testing

EUR/USD spreads measured during London session over 20 trading days.

💸 Commission Check

Per-round-turn commissions compared across all product types.

🌙 Swap Rates

Overnight financing costs checked for the top 10 instruments.

💳 Non-Trading Fees

Inactivity fees, deposit/withdrawal charges and FX conversion costs.