Best Forex Affiliate Programs 2026: Compared

It was formerly known as the Investment Industry Regulatory Organization of Canada (IIROC). The regulatory body was created to further strengthen the Investment Dealers Association of Canada. These provinces are 10 in number and are part of the Canadian Securities Administrators (CSA). Though they are independent, the CSA recognizes the CIRO as a regulatory body. Overall, the fees charged by AvaTrade are quite reasonable and competitive. FXCM does not charge an account fee, deposit fee, or withdrawal fee.
Most of our traders focus on trading gold (XAUUSD) or bitcoin (BTCUSD), which also generate the majority of our commissions, as XM offers very high revenue shares forex affiliates for these two assets. XM is one of the largest forex and CFD brokers worldwide, with over 15 million clients across more than 190 countries. The company is heavily regulated and known for offering a wide selection of trading instruments and multilingual support. Canada may not be famous as a country of origin for the biggest Forex brokers, but, nevertheless, it is a chosen location for offices of some foreign exchange companies.

Besides, many users on Google Play, the App Store, and Trustpilot highly rate it as efficient and reliable. Its search function made it easier for me to navigate its features on both Android and iOS devices. And when it comes to the choicest platforms, you can rely on Forex.com’s options, including the MT4, TradingView, and MT5 platforms. We provide negative balance protection, which means your potential losses will not exceed your initial investment, protecting you from becoming indebted to the broker. Regulatory compliance costs can translate into higher spreads and fees compared to unregulated offshore brokers. Traders should weigh the benefits of safety and legal compliance against cost differences.
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC.
Hence, you must remember that trading with excessive leverage can cause big losses. Scam brokers do exist so you should be wary of them and report anyone you come across to the FCA. On the other hand, a buy limit means setting your entry price below the current market price in hope that the price will fall to that level.

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The information on this website does not constitute investment advice, and TradingBrokers.com does not make any offers or solicitations to buy or sell any financial instruments. It can come down to how forex trading will fit in with other commitments. If mobile trading is important to you, then be sure to test out the mobile apps the brokers offer.

Most offshore brokers restrict access or offer limited services to Canadian residents. With this in mind, choosing a top forex broker that is regulated in Canada makes sense for Canadian citizens. Again, when compared with the US as well as some other countries, where it is illegal for a trader to send funds internationally, this works in the traders favour. In addition, due to  national security, traders are bound to strict regulations when sending payments internationally; this can make it difficult for traders in the US to move funds.
Unlike the situation in many other countries, the IIROC is the industry’s own self-regulatory organization. The organization is recognized by the separate financial regulators that exists in all of the Canadian provinces, such as the British Columbia Securities Commission and the Ontario Securities Commission. Canadian Forex traders reporting business income can deduct expenses related to trading, such as platform fees, trading software, educational resources, and other business costs. For capital gains, losses can be used to offset other capital gains in the same year or carried forward to future tax years. The minimum amount needed to open a Forex trading account in Canada is $10 with a nano-lots Account, offered by brokers like Oanda. Forex Nano-lot trading accounts allow traders to open trades with less than $1.